Kohl's 2014 Annual Report Download - page 14

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Table of Contents
(d) Performance Graph
The graph below compares our cumulative five-year shareholder return to that of the Standard & Poor’s 500 Index and a Peer Group Index that is
consistent with the retail peer group used in the Compensation Discussion & Analysis section of our Proxy Statement for our May 14, 2015 Annual Meeting
of Shareholders. The Peer Group Index was calculated by Capital IQ, a Standard & Poor’s business and includes Bed, Bath & Beyond Inc.; The Gap, Inc.; J.C
Penney Company, Inc.; Limited Brands, Inc.; Macy’s, Inc.; Nordstrom, Inc.; Ross Stores, Inc.; Sears Holding Corporation; Target Corporation; and The TJX
Companies, Inc. The Peer Group Index is weighted by the market capitalization of each component company at the beginning of each period. The graph
assumes an investment of $100 on January 30, 2010 and reinvestment of dividends. The calculations exclude trading commissions and taxes.

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




Kohl’s Corporation $100.00
$101.65
$94.58
$95.78
$108.30
$131.35
S&P 500 Index 100.00
121.26
127.72
150.20
180.70
206.41
Peer Group Index 100.00
118.35
140.64
169.67
187.33
239.18
(e) Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities
We did not sell any equity securities during 2014 which were not registered under the Securities Act.
(f) Purchases of Equity Securities by the Issuer and Affiliated Purchasers
In 2012, our Board of Directors authorized the repurchase of $3.5 billion of our shares of common stock. Purchases under the repurchase program may
be made in the open market, through block trades and other negotiated transactions. We expect to execute the share repurchase program primarily in open
market transactions, subject to market conditions. There is no fixed termination date for the repurchase program, and the program may be suspended,
discontinued or accelerated at any time.
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