Kohl's 2007 Annual Report Download

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2007 Annual Report

Table of contents

  • Page 1
    2007 Annual Report

  • Page 2
    ...06 '07 12.4% CAGR 1 1 18.7% CAGR 1 Compounded Annual Growth Rate Company Profile Kohl's mission is to be the leading family-focused, value-oriented specialty department store offering quality exclusive and national brand merchandise to the customer in an environment that is convenient, friendly...

  • Page 3
    1 At Kohl's, we've created an experience that is inviting, inspiring, comfortable and just for her. That's the essence of great shopping - and a great company.

  • Page 4
    ...future growth and enhance productivity. Growing Market Share We added 112 stores in 2007, increasing our store base from 817 to 929 stores. We opened 80 stores on a single day in October, marking the largest grand opening in company history. Significant expansion occurred in the Pacific Northwest...

  • Page 5
    ... of the ELLE Contemporary Collection, an expansion of our Food Network relationship through a partnership with Bobby Flay, the introduction of Gold Toe and the introduction of FILA SPORT in the fall. To support our growing portfolio of world-class brands, we opened a design office in 2007 in the...

  • Page 6
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  • Page 7
    ...-known designers. Customer response was nothing short of phenomenal as these fresh, contemporary designs were rolled out in women's, jewelry, shoes, accessories, intimates and soft home. Simply Vera Vera Wang was the largest cross-category brand launch in Kohl's history, providing our customers with...

  • Page 8
    8 Our merchandise selection inspires, excites and delights her. Kohl's becomes not just a destination, but an opportunity to discover.

  • Page 9
    ... with new features and enhancements on Kohls.com. A recent website addition invites her to "play" with the colors of spring as she simply clicks her way to another solution. As we move forward, we will continue to focus on marketing that builds trust through an inviting and reassuring voice. This...

  • Page 10
    ...Kohl's as a leading national retailer. Our market share continues to grow as we expand our presence across the nation. In October of 2007, we opened 80 new stores on a single day, making the event the largest grand opening in our company's history. In all, we opened 112 new stores in 2007 for a year...

  • Page 11
    ...11 New Stores in 2007 5 new stores 4 new stores 3 new stores 2 new stores 1 new store Total Stores in 2007 Northwest Region (27 stores) Midwest Region (275 stores) South Central Region (127 stores) Northeast Region (132 stores) Mid-Atlantic Region (93 stores) Southeast Region (125 stores) Southwest...

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  • Page 13
    ... commitment to continuous innovation, we are finding meaningful new ways to elevate the Kohl's experience and reinforce that we are the store for her. In 2007, our juniors' department was redesigned with new ï¬,ooring, a fun lounge area and new brand graphics. A variety of new merchandising displays...

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  • Page 15
    ... the Kohl's A-Team. Their participation is matched with corporate grants that are given to the youth-serving charities our associates choose to support. This year, we are especially proud of our A-Team members who volunteered more than 136,000 hours, which more than doubled the number of hours...

  • Page 16
    16 Trademark and © 1940, 1958, 1963, 1965 Dr. Seuss Enterprises, L.P. All Rights Reserved.

  • Page 17
    ... books and plush characters from the beloved Dr. Seuss. Net profi ts from the 2007 Kohl's Cares for Kids sales were used to support our large network of hospital partners across the nation. Our annual Kohl's Kids Who Care Scholarship Program gives us the opportunity to recognize and reward youth...

  • Page 18
    ... sales per selling square foot Total square feet of selling space (in thousands) Number of stores open $ (0.8%) 249 69,889 929 $ 5.9% 256 62,357 817 $ 3.4% 252 56,625 732 $ 0.3% 255 49,201 637 $ (1.6)% 268 41,447 542 Report of Management The management of Kohl's Corporation is responsible...

  • Page 19
    ... President and CEO, Gander Mountain, L.L.C. Former Chairman and Chief Executive Officer, Department Store Division of Dayton-Hudson Corporation R. Elton White (a)* (c) Retired President, NCR Corporation (Retiring from Board of Directors in April 2008) (a) 2007 Audit Committee (b) 2007 Compensation...

  • Page 20
    K O H L' S C O R P O R AT I O N N56 W17000 RIDGEWOOD DRIVE M E N O M O N E E FA L L S , W I 5 3 0 5 1 - 5 6 6 0 W W W. K O H L S . C O M