Kohl's 2010 Annual Report Download - page 12

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Table of Contents
changes could adversely impact the profitability of our credit operations and make it more difficult to extend credit to our customers and collect payments
which would have a material adverse effect on our results of operations.
The costs and other effects of other new legal requirements cannot be determined with certainty. For example, new legislation or regulations may result in
increased costs directly for our compliance or indirectly to the extent such requirements increase prices of goods and services because of increased compliance
costs or reduced availability of raw materials.
 
Not applicable
 

As of January 29, 2011, we operated 1,089 stores in 49 states. Our typical, or “prototype,” store has 88,000 gross square feet of retail space and serves
trade areas of 150,000 to 200,000 people. Most “small” stores are 64,000 to 68,000 square feet and serve trade areas of 100,000 to 150,000 people. Our “urban”
stores, currently located in the New York and Chicago markets, serve very densely populated areas of up to 500,000 people and average approximately
125,000 gross square feet of retail space.
Our typical lease has an initial term of 20-25 years and four to eight renewal options for consecutive five-year extension terms. Substantially all of our
leases provide for a minimum annual rent that is fixed or adjusts to set levels during the lease term, including renewals. Approximately one-fourth of the leases
provide for additional rent based on a percentage of sales over designated levels.
The following tables summarize key information about our stores.
 


   


Delaware 5 —  
Maryland 17 4   
Pennsylvania 43 3  
Virginia 26 1   
West Virginia 7 —   
Total Mid-Atlantic 98 8  

Illinois 61 1  
Indiana 37 —   
Iowa 14 —  
Michigan 45 —  
Minnesota 25 1  
Nebraska 7 —   
North Dakota 3 —    
Ohio 56 1  
South Dakota 2 —   
Wisconsin 39 —  
Total Midwest 289 3  
12