Retailer Kohl's Corporation reported that sales for the 5-week period ended April 3, 2004 increased 9.2 percent during the 5-week period ended April 5, 2003. On a comparable store basis, sales decreased 0.9 percent.
During March, the retailer successfully opened 21 new stores in the U.S., including seven stores in Sacramento, CA, U.S., three stores in Memphis, TN, U.S., and two stores in Bakersfield, CA, U.S. The company said it will celebrate the grand opening of 26 additional stores on April 16, including the entry into the San Diego, CA, U.S. market with five stores and the Fresno, CA, U.S. market with three stores.
The company expects to open approximately 48 U.S. stores in the third fiscal quarter, including its entry into San Francisco, CA, U.S. with 11 stores and Salt Lake City, UT, U.S. with five stores.
As of April 3, the company operated 563 stores in 37 states, compared with 485 stores in 34 states at the same time last year.
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