Kohl’s Goals

Kohl's Corp. (Menomonee Falls, Wis.) has announced a five-year strategic plan to add more than 500 new stores by 2012.

“For the past two years, we have exceeded our financial objectives and believe we are well positioned to deliver on our long-term strategic growth plan,” chairman and ceo Larry Montgomery told a securities analysts’ meeting in Indianapolis.

The department store retailer, which will open 80 new stores in a single day on Sunday, said it expects sales to grow 9 – 11 percent annually over the next four years with a 2 – 4 percent annual same-store sales increase. To grow the chain to 1400 locations, capital expenditures are expected to be $1.6 – $1.7 billion a year, covering investment in new stores, remodels, technology and merchandise presentation.