-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L/6qjUgVSj8BC3rKQeDUcNC4OgexkI1uuAFu0CEGvedzF3ErV413wK7bqnyr1uYa yE4L9/vSj4JtYpKCk/qD4Q== 0001181431-10-053389.txt : 20101104 0001181431-10-053389.hdr.sgml : 20101104 20101104083855 ACCESSION NUMBER: 0001181431-10-053389 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101104 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101104 DATE AS OF CHANGE: 20101104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KOHLS CORPORATION CENTRAL INDEX KEY: 0000885639 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 391630919 STATE OF INCORPORATION: WI FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11084 FILM NUMBER: 101163292 BUSINESS ADDRESS: STREET 1: N56 W17000 RIDGEWOOD DR CITY: MENOMONEE FALLS STATE: WI ZIP: 53051 BUSINESS PHONE: 4147835800 MAIL ADDRESS: STREET 1: N54 W13600 WOODALE DR CITY: MENOMONEE FALLS STATE: WI ZIP: 53051 8-K 1 rrd290006.htm OCTOBER 2010 SALES RELEASE Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  11/04/2010
 
Kohl's Corporation
(Exact name of registrant as specified in its charter)
 
Commission File Number:  1-11084
 
Wisconsin
  
39-1630919
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
N56 W17000 Ridgewood Drive
Menomonee Falls, Wisconsin
53051
(Address of principal executive offices, including zip code)
 
262-703-7000
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
Item 2.02.    Results of Operations and Financial Condition
 
On November 4, 2010, Kohl's Corporation issued a press release reporting its sales for the four-week period ended October 30, 2010 and providing updated guidance for the third quarter of fiscal 2010 . A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
 
 
Item 9.01.    Financial Statements and Exhibits
 
Exhibit
No.       Description
99.1       Press Release dated November 4, 2010
 

 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
           
Kohl's Corporation
 
 
Date: November 04, 2010
     
By:
 
/s/    Richard D. Schepp
               
Richard D. Schepp
               
Executive Vice President, General Counsel and Secretary
 
 

 

EXHIBIT INDEX
 
Exhibit No.
  
Description
EX-99.1
  
Press release dated November 4, 2010
EX-99.1 2 rrd290006_33286.htm PRESS RELEASE DATED NOVEMBER 4, 2010 National & Retail Trades and First Call

KOHL'S CORPORATION REPORTS OCTOBER COMPARABLE STORE SALES

MENOMONEE FALLS, WI, -- (Business Wire) - November 4, 2010 -- Kohl's Corporation (NYSE: KSS) reported today that total sales for the four-week month ended October 30, 2010 were 1.0 percent lower than the four-week month ended October 31, 2009. On a comparable store basis, October sales decreased 2.5 percent. For the quarter, total sales increased 4.1 percent and comparable store sales increased 1.8 percent. Year to date, total sales increased 7.4 percent and comparable store sales increased 4.4 percent.

Kevin Mansell, Kohl's chairman, president and chief executive officer, commented, "Strong performance in the second half of the month partially offset lower sales in the first two weeks of the month due to unseasonable weather. The West region reported the strongest results for the month. The Footwear business again reported the strongest comparable store sales. Our E-Commerce business continues to report strong growth."

The Company expects third quarter earnings per diluted share of $0.57 to $0.58, consistent with the low end of its previous guidance of $0.57 - $0.63 per diluted share. Included in this guidance is an accounting correction resulting from recently identified errors in the Company's accounting for leased properties. As a result of a detailed review of its historical accounting, the Company expects to record adjustments to depreciation, interest and rent expense during the third quarter. Though the Company has not completed its review, it currently expects a correction of up to $25 million, or $0.05 per diluted share. The errors occurred over a number of years and are not material to any previously reported period.

 

Fiscal Period Ended

% Change
 

October 30,

October 31,

All

Comp
 

2010

2009

Stores

Stores

($ in millions)

October

$ 1,260

$ 1,273

(1.0%)

(2.5%)

Quarter

4,218

4,051

4.1

1.8

Year-to-date

12,353

11,496

7.4

4.4

The Company operates 1,089 stores in 49 states, compared to 1,059 stores at the same time last year.

Comments regarding the Company's sales results will be provided in a pre-recorded telephone message, which will be available for 36 hours, from 8:30 AM EDT on Thursday, November 4, until 8:30 PM EDT on Friday, November 5, 2010. The toll-free, dial-in number for the replay is (888) 642-1687 or dial (706) 645-9291. (No pass code is required.)

Third Quarter 2010 Earnings Conference Call

Kohl's Corporation will release its third quarter earnings on Thursday, November 11, 2010 at 7 AM EST. A conference call is scheduled at 8:30 AM EST. Investors will have an opportunity to listen to the third quarter earnings conference call by dialing (706) 902-0486, using Conference ID 19436600. A replay of the call will also be accessible beginning at approximately 9:30 AM EST on November 11, until midnight EST on December 11, 2010. To listen to the replay, dial (706) 645-9291, and use Conference ID 19436600.

In addition, the call will be web cast live over the Internet through the Company's web site located at http://www.kohlscorporation.com/InvestorRelations/event-calendar.htm.

To participate in the conference, register at http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=60706&eventID=2807927 at least ten minutes prior to the call to download and install any necessary audio software. The web cast will be available for 30 days.

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including guidance on the Company's targeted sales and earnings. Kohl's intends forward-looking terminology such as "believes," "expects," "may," "will," "should," "anticipates," "plans," or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause Kohl's actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to those described in Item 1A in Kohl's Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in Kohl's filings with the SEC.

About Kohl's

Based in Menomonee Falls, Wis., Kohl's (NYSE: KSS) is a family-focused, value-oriented specialty department store offering moderately priced, exclusive and national brand apparel, shoes, accessories, beauty and home products in an exciting shopping environment. Kohl's operates its 1,089 stores in 49 states with a commitment to environmental leadership. In support of the communities it serves, Kohl's has raised more than $150 million for children's initiatives nationwide through its Kohl's Cares® cause merchandise program, which operates under Kohl's Cares, LLC, a wholly-owned subsidiary of Kohl's Department Stores, Inc. For a list of store locations and information, or for the added convenience of shopping online, visit www.kohls.com.

Investor Relations: Wes McDonald, Chief Financial Officer, (262) 703-1893

Media: Vicki Shamion, Senior Vice President - Public Relations, (262) 703-1464

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