Kohl's Corporation August Sales Report.

Business Editors

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Sept. 5, 2001

Kohl's Corp (NYSE:KSS) reported today that sales for the four-week period ended Sept 1, 2001 increased 18 percent over the four-week period ended August 26, 2000. On a comparable store basis, sales increased

For the 30 weeks ended Sept 1, 2001, total sales were up 20.5 percent while comparable store sales increased 5.3 percent.

Kohl's Chief Executive Officer, Larry Montgomery said that, "We are pleased with the start of the back-to-school buying season which spans both August and September. The 4.9 percent comparable store sales increase for August was on top of a 9.1 percent comparable store sales increase a year ago."

                             Sales Summary
                            ($ in millions)

                 Fiscal Period Ended                % Increase
                 -------------------                ----------
               September 1,   August 26,       All     Comp Stores
                 2001          2000          Stores    TY      LY
                 ----          ----          ------    --      --

August         $559.8        $474.5           18.0%   4.9%    9.1%
Year-to-Date $3,563.9      $2,958.5           20.5%   5.3%    7.1%

In August, Kohl's successfully opened four new stores: two stores in El Paso, Texas and two additional stores in the Chicago market.

In October, the company plans to open 24 new stores entering Oklahoma City, Okla., with four stores and Austin, Texas with three stores. In addition, the company will add three stores in Atlanta, Ga.; two stores in Louisville, Ky.; two stores in Baltimore, Md.; and additional stores in Dallas, Texas; Kansas City, Mo.; Philadelphia, Pa.; Minneapolis, Minn.; Howell, N.J.; Midland, Mich.; Greenville, S.C.; Coralville, Iowa; Cedar Falls, Iowa and Bloomington, Ind.

In 2002, Kohl's plans to open approximately 70 new stores, including 35-40 stores in the first quarter. Plans for the first quarter include the company's entry into the Boston market and further expansion in Texas with a major entry into Houston.

As of Sept 1, 2001, the company operated 358 stores compared to 306 stores at the same time last year.

Goldman Sachs Global Retail Conference Webcast

Kohl's has released its August sales results one day ahead of its normal reporting schedule. The timing of the release is being done to coincide with Kohl's Chief Executive Officer, Larry Montgomery, speaking at the Goldman Sachs Retailing Conference in New York City on Sept 5, 2001, at 9:55a.m. (EDT). The presentation will be webcast live (audio-only) over the Internet at https://www.gs.com/ir/conf or through the company's website located at www.kohls.com (see "Company News"). To listen to the webcast enter the User name: conference/conf6 and the Password: retail.

For those who cannot listen to the live broadcast, a replay will be available through the company website for a period of one week. User name and password are the same.

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Kohl's intends forward-looking terminology such as "believes," "expects," "may," "will," "should," "anticipates," "plans," or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties which could cause Kohl's actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to those described in Kohl's annual report on Form 10-K and other factors as may periodically be described in Kohl's filings with the SEC.