Kohl's Will Slow Expansion

Menomonee Falls, Wis., Kohl’s has announced it will slow its store openings in 2006 in hopes of obtaining prime locations expected to be vacated by competitors.

The company opened 95 stores this year and will open 70 to 80 more in 2006. Despite the slowdown, chairman Larry Montgomery told analysts during a conference call that the company still plans to open 200 stores over the next two years and will maintain its projected income growth.