-----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, BxWmdj9LFiXXp08AXW7h2M8EXAayr0LAU1iYCtQPdGUyyxJxHpspuPeEyecLOwZj gKm/wmRtPVptUUa5lI0Nxw== 0000892712-08-000868.txt : 20081106 0000892712-08-000868.hdr.sgml : 20081106 20081106091440 ACCESSION NUMBER: 0000892712-08-000868 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081106 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081106 DATE AS OF CHANGE: 20081106 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: 0130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11084 FILM NUMBER: 081165463 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 kss8ksales.htm


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):  November 6, 2008



KOHL’S CORPORATION

(Exact name of registrant as specified in its charter)



      Wisconsin      

    1-11084   

      39-1630919      

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)


N56 W17000 Ridgewood Drive
        Menomonee Falls, Wisconsin             

 


   53051  

(Address of principal executive offices)

 

(Zip Code)

 

 

 


Registrant’s telephone number, including area code:  (262) 703-7000


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))





The information in this report, including the exhibit attached hereto, is furnished solely pursuant to Item 2.02 of this Form 8-K.  Consequently, it is not deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section.  Further, the information in this report, including the exhibit, shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933.


Item 2.02

Results of Operations and Financial Condition.


On November 6, 2008, Kohl’s Corporation issued a press release reporting its sales for the four-week period and quarter ended November 1, 2008 and providing earnings guidance for the third quarter of fiscal 2008.  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.

(d)

Exhibits

 

Exhibit No.

Description



 


99.1

Press Release dated November 6, 2008




2




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.


Dated:  November 6, 2008

KOHL’S CORPORATION




By:  /s/ Richard D. Schepp                            

Richard D. Schepp

Executive Vice President,

General Counsel and Secretary




3


EXHIBIT INDEX



Exhibit No.

Description

 

 

99.1

Press Release dated November 6, 2008




4


EX-99.1 2 exh991.htm PRESS RELEASE

Exhibit 99.1

National & Retail Trades and First Call

For release: November 6, 2008 at 8:30 AM (EST)



KOHL'S CORPORATION REPORTS OCTOBER COMPARABLE STORE SALES  


MENOMONEE FALLS, WI, -- (Business Wire) – November 6, 2008 -- Kohl’s Corporation (NYSE: KSS) reported today that total sales for the four-week month ended November 1, 2008 decreased 4.8 percent from the four-week month ended November 3, 2007.  On a comparable store basis, sales decreased 9.0 percent.  

Total year-to-date sales were up 1.5 percent over the comparable prior year period.  On a comparable store basis, year-to-date sales decreased 6.0 percent.

Kevin Mansell, Kohl’s president and chief executive officer, commented, “October’s results continue to show that our customers are focused on need and value in their purchases.  We are managing inventory levels, gross margin and expenses to our sales trends to maximize our earnings.”

The Company continues to expect earnings to be at the low end of its previously announced guidance of $0.51 to $0.56 per diluted share.

October Sales Summary

($ in millions)

 

 

 

 

 

 

 

 

 

 

 

Fiscal Period Ended

 

% Change This Year

 

Nov. 1,

 

Nov. 3,

 

All

 

Comp

 

2008

 

2007

 

Stores

 

Stores

Month

 $ 1,212.8

 

 $ 1,274.6

 

-4.8

%

 

-9.0

%

Quarter

3,803.6

 

    3,825.2

 

-0.6

 

 

-6.7

 

Year-to-date

11,153.4

 

  10,986.4

 

1.5

 

 

-6.0

 

 

 

 

 

 

 

 

 

 

 


As of November 1, 2008, the Company operates 1,004 stores in 48 states, compared to 914 in 47 states 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 EST on Thursday, November 6, until 8:30 PM EST on Friday, November 7.  The toll-free, dial-in number for the replay is (888) 360-2596. (No pass code is required.)

Third Quarter Earnings Release

Kohl’s Corporation will release its third quarter earnings on November 13, 2008 at 4:00 PM (EST). A conference call is scheduled at 5:00 PM (EST). Investors will have the opportunity to listen to the conference call by dialing (706) 902-0486, using Conference ID 72256663, ten minutes prior to the start of the call.  A replay of the call will also be accessible from 6 PM EST November 13 through December 15, 2008. To listen to the replay, dial (706) 645-9291, and use Conference ID 72256663.


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=iroleventDetails&c= 60706&eventID=1978565 at least ten minutes prior to the call to download and install any



necessary audio software.  (Due to its length, this URL may need to be copied/pasted into your Internet browser’s address field.  Remove the extra space if one exists.) 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 - News) 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 1,004 stores in 48 states. A company committed to the communities it serves; Kohl’s has raised more than $102 million for children’s initiatives nationwide through its Kohl’s Cares for Kids® philanthropic program. 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, Vice President – Public Relations, (262) 703-1464






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