Headlines

More Kohl's on the Fire

Retailer to boost capital spending in 2003, open 80 new stores

Published

21 years ago

March 27, 2003

admin1

Kohl's Corp. (Menomonee Falls, Wis.) has said it expects to spend $825 million in capital expenditures for the year ending Jan. 31, 2004. It would be a 15 percent increase over the previous year.

Kohl's said, in a filing with the Securities and Exchange Commission, that the fiscal includes new store and remodel spending, as well as base capital needs. The company reiterated that it expects to open 80 new stores in fiscal 2004.

The retailer plans to open 45 stores in the fall. It also said it plans to open 99 to 100 new stores for the year ending Jan. 29, 2005. The new stores will open in a combination of new and existing markets, according to the filing.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design