Kohl's Corp., Jan 2012 Sales/ Trading Statement Call, Feb 02, 2012

Kohl's Corporation (KSS)

February 02, 2012 8:00 am ET


Unknown Executive -


Unknown Executive

Thank you for calling the Kohl's Sales Information line. Information provided on this call is related to the press release issued on February 2 for the January fiscal month. Statements made on this call, including projected financial results, are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in such forward-looking statements. Such risks and uncertainties include those that are described in Item 1A in Kohl's annual report on Form 10-KA and as may be supplemented from time to time in Kohl's other filings with the SEC, all of which are expressly incorporated herein by reference.

Also, please note that replays of this call will be available for 36 hours, but this recording will not be updated. So if you're listening after February 2, it is possible that the information discussed is no longer current.

January's comp sales increased 0.6%. Total sales for the 4-week January fiscal month were $844 million, a 2.4% increase over January 2011. For the fourth quarter, total sales decreased 0.3%, and comp sales decreased 2.1%. For the year, total sales increased 2.2% and comparable sales increased 0.5%.

The Northeast was the strongest region, with a mid-single-digit increase. The mid-Atlantic and Southeast had comp increases in the low single digits. The Midwest was slightly negative. The South Central and Southwest regions reported mid- to high-single-digit decreases.

E-commerce sales increased 21% for the month. For the year, E-commerce revenues increased 37% and reached our $1 billion goal. From a line of business perspective, accessories reported the strongest comp for the month, with a mid-single-digit increase. Accessories and handbags were the strongest category, with a greater than 20% comp increase.

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