Kohl's celebrates 1,000th-store milestone

MENOMONEE FALLS, Wis. Kohl’s is celebrating the opening of its 1,000th store today (Oct 1.), marking an important milestone in the company's history. The accomplishment is part of a 47-store expansion this fall, which includes 45 stores that are built according to a design that is LEED pre-certified at the silver level from the U.S. Green Building Council.

“This is an exciting time for our company as we celebrate the opening of our 1,000th store and our green buildings,” said president and ceo Kevin Mansell. “Despite a difficult economy, Kohl’s continues to grow with the addition of 47 new stores this fall and more than 6,000 new jobs. We are poised to continue introducing innovation through store design, store remodels, evolution of the in-store experience and delivery of world-class brands at a great value. It’s a proven formula that contributes to our profitable growth over the long-term.”

Among the stores opening this fall are Kohl’s first locations in Miami-Fort Lauderdale-West Palm Beach, as well as the retailer’s entry into Montana, which marks the company’s 48th state. Of the 47 new stores, 46 will open Oct. 1, followed by one opening in November. In the spring, Kohl’s opened 28 stores. In total, the retailer will open 75 stores in 2008, operating 1,004 stores in 48 states by the end of November.

In 2009, Kohl’s plans to open approximately 50 new stores and remodel 60 locations, an increase from 36 remodeled stores in 2008. Despite a difficult economic environment, the company’s strong financial position allows for flexibility should additional real estate become available in the marketplace.