Kohl's 2003 Annual Report Download

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Please find the complete 2003 Kohl's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Table of contents

  • Page 1

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    Profile Kohl's mission is to be the leading family-focused, value-oriented, specialty department store offering national brand merchandise to the customer in an environment that is clean, friendly and convenient. Kohl's operates from coast to coast. As of April 1, 2004, we serve customers in 37 ...

  • Page 3
    ... $ 10,282 Operating Income (in millions of dollars) $ 1,023 10.0 % $ 1,090 12.0% Percent of Sales Net Income (in millions of dollars) $ 591 5.7 % $ 643 7.1% Percent of Sales Cash Provided by Operating Activities (in millions of dollars) $ 754 $ 670 * Compounded annual growth rate. 1

  • Page 4
    .... We got off track, and we are responsible for getting things back on track. We did not execute to our standards in three key areas: inventory levels and content, the customer shopping experience and marketing. Our stores were over-stocked and difficult to shop. Our assortment in misses and women...

  • Page 5
    ... skin care line being developed through a strategic alliance with The Estée Lauder Companies Inc. This is a very exciting opportunity to add a new category to our stores and to meet a need identified by our customers who don't want to make a special trip to purchase beauty products at another store...

  • Page 6
    ... in introducing name brand color and skin care products to Kohl's. Early in 2004, we introduced Laura Ashley and Gloria Vanderbilt for the home, with initial offerings including decorative bedding and solid color sheets, bath towels and bath rugs. In the fall, we will further expand both brands. For...

  • Page 7
    .... Our coast-to-coast expansion provides new opportunities to build customer awareness and communicate the many benefits of the Kohl's concept of brands, value and convenience. We added national broadcast and national magazine advertising to our marketing program in 2003, increasing our visibility...

  • Page 8
    ... greater Phoenix area, two in Tucson and one in Flagstaff. We made our debut in Nevada with three stores in Las Vegas. We also entered Little Rock, Arkansas, with the opening of three stores and Birmingham, Alabama, with two stores. In addition to our entries into new markets, we made shopping more...

  • Page 9
    ...our corporate offices, every Associate in every job helps to drive our success. We thank all of our Associates for their commitment to Kohl's, our customers and our communities. Kohl's steady expansion provides excellent opportunities for people to join our team of Associates. Our new store openings...

  • Page 10
    ...03 per share. (b) Adjusted for stock splits in 1996, 1998 and 2000. Report of Management The management of Kohl's Corporation is responsible for the integrity and objectivity of the financial and operating information contained in this Annual Report, including the consolidated financial statements...

  • Page 11
    ... Ridgewood Drive Menomonee Falls, WI 53051-5660 (262) 703-7000 Web site: www.kohls.com Transfer Agent and Registrar The Bank of New York Shareholder Relations Dept. 11-E P.O. Box 11258 Church Street Station New York, New York 10286 (800) 524-4458 Web site: www.stockbny.com Annual Meeting The Kohl...

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    Kohl's Corporation N56 W17000 Ridgewood Drive Menomonee Falls, WI 53051-5660 www.kohls.com