Target 2008 2007

Millions Millions

Net sales 62,884 61,471

Gross Margin 18,727 29.8% 18,54230.2

%

Inventory 6,780 6,254

GMROI 2.76 276% 2.96 296%

Inventory turnover 6.51 6.86

Asset turnover 3.33 4.18

Return on assets 19.0%23.5

%

Leverage 1.24 .94

Return on net worth 23.4%22.1

%

Kohl’s Corporation

Target Target 2008 2007

Number of stores 1,591 1,488

Sales per store 40,000,000,000 41,000,000,000

Square feet of retail area 207,945 192,064

Sales per square foot $302.41 $320.05

Gross margin per sq foot $90.06 $96.54

Inventory per square foot $32.60 $32.56

Number of associates 396,000 352,000

Sales per associate 159 175

Sales by Product Category 2008 2007

Consumable and Commodities 37% 34%Electronics, Entertainment, Sporting Goods 22% 22%

Apparel and Accessories 20% 22%

Home Furnishings and Décor 21% 22%

Total 100% 100%

Kohl’s Corporation2008 2007

Number of stores 1,004 929

Sales per store $16M $18M

Square feet of retail area 75,000,000 70,000,000

Sales per square foot $218.52 $235.34

Gross margin per sq foot $80.73 $85.91

Inventory per square foot $37.32 $40.80

Number of associates 126,000 125,000

Sales per associate $130,000 $132,000

Women’s 32% 33%

Men’s 19% 19%

Home 18% 18%

Children’s 13% 13%

Accessories 10% 9%

Footwear 8% 8%

Target Markets ExaminedCurrent

stores

Households: Householder 35 to 54 years; $75,000+/store

Households: Total

Supermarkets & other Grocery Stores

Supermarket & other Grocery Stores Sales Sales per store

Amarillo, TX MSA 1 33,084 81,998 40 239,266 5982

Houston, TX PMSA; Houston--Galveston--Brazoria, TX CMSA 29 24,276 1,463,983 1,108 7,083,263 6393

Fort Wayne, IN MSA 3 27,833 192,274 65 367,544 5655

El Paso, TX MSA 4 23,534 210,034 126 505,992 4016

Birmingham, AL MSA 4 38,402 361,107 241 1,513,679 6281

Hartford, CT MSA 5 17,082 457,421 323 1,990,523 5996

Waco, TX MSA 1 30,304 78,926 55 305,218 5549

Kohl's

Households: Householder

35 to 54 years;

$75,000+ Household Totals

Women's Clothing Stores

Women's Clothing Stores Sales

Sales per

store

Ventura, CA PMSA; Los Angeles--Riverside--Orange County, CA CMSA 25 56,071 243,503 292 291,262 997

Akron, OH PMSA; Cleveland--Akron, OH CMSA 15 35,689 274,280 346 305,941 884

Tacoma, WA PMSA; Seattle--Tacoma--Bremerton, WA CMSA 8 35,510 260,897 267 226,450 848

Allentown--Bethlehem--Easton, PA MSA 10 33,385 247,307 58 55,991 965

Gary, IN PMSA; Chicago--Gary--Kenosha, IL--IN--WI CMSA 29 32,503 236,310 1177

1,205,896 1025

Harrisburg--Lebanon--Carlisle, PA MSA 11 31,788 249,067 162 153,338 947

Toledo, OH MSA 10 29,143 243,516 50 48,150 963

Little Rock--North Little Rock, AR MSA 6 24,423 230,955 81 76,202 941

Sarasota--Bradenton, FL MSA 15 21,829 262,622 116 95,979 827

Youngstown--Warren, OH MSA 11 21,181 234,578 89 69,755 784

Scranton--Wilkes-Barre--Hazleton, PA MSA 7 21,071 252,711 60 48,584 810

1: 2580 Shearn StHouston, Tx 77007

1 mi. 7,408 25-34 (142)

<$10,000 (166)

No Children (123)

Grade School (223) Cosmopolitan Urban Mix (1016)

Lat: 29.77403 mi. 64,409 35-44

(121)$10-19 (125) <6 & 6-17 (92) College Grad (149) Urban High Society

(841) Long: 95.3843 5 mi. 149,751

2: 4323 San FelipeHouston, Tx 77027

8 miles 1 mi. 9,862 25-34 (154)

$100+ (223) No Children (136)

College Grad (257) Urban High Society (1,108)

Lat: 29.74673 mi. 83,534 18-24

(112)$20-29 (100) <6 (88) Grade School (126) Striving Urban Melting

Pot (419)Long: 95.4532 5 mi. 203,460

3: 8500 S Main StHouston, Tx 77025

9 miles 1 mi. 12,030 25-34 (176)

$100+ (174) No Children (126)

College Grad (243) Urban High Society (1062)

Lat: 29.69243 mi. 15,793 18-24

(144)$<10,000 (141)

<6 (91) Grade School (121) Striving Suburban Mix (817)

Long: 95.4184 5 mi. 168,884

4: 300 Meyerland Plaza MallHouston, Tx 77096

4 miles 1 mi. 7,739 25-34 (150)

$100+ (235) <6 (125) College Grad (239) Urban High Society (908)

Lat: 29.68843 mi. 74,628 45-54

(121)$20-29 (115) 6-17 (108) Grade School (162) Suburban Aristocrats

(797) Long: 95.460 5 mi. 199,241

5: 8605 Westheimer RdHouston, Tx 77063

9 miles 1 mi. 14,024 25-34 (192)

$20-29 (128) No Children (133)

College Grad (199) Striving Urban Melting Pot (801)

Lat: 29.73843 mi. 94,056 18-24

(145)$10-19 (117) <6 (117) Grade School (142) Cosmopolitan Urban

Mix (568)

Long: 95.5181 5 mi. 219,185

6: 10801 Westheimer RdHouston, Tx 77042

11 miles 1 mi. 13,400 25-34 (224)

$40-49 (144) No Children (127)

College Grad (167) Cosmopolitan Suburbs (1,066)

Lat: 29.73573 mi. 82,802 18-24

(147)$30-39 (142) <6 (105) Grade School (126) Striving Urban Melting

Pot (666)

Long: 95.5688 5 mi. 199,467

Existing Locations Distance* Households Age Income Children Education LifeStyle1: 3768 Easton Nazareth HwyEaston, PA 18045

1 mi.

Lat: 40.716895 3 mi. 14,063

65+(121) $75K- $99K (143)

0 (104) High School Grad (120)

Elite Country Manors (520)

Long: 75.282654 5 mi. 44,598

35-44(107)

$75K- $99K (125)

6-17 (104) High School Grad (120)

Striving Small City Living (352)

2: 1200 US Hwy 22 Phillipsburg, NJ 08865 6.22

1 mi. 7,417 65+(112) Under $10K (159)

0 (112) Some High School (136)

Struggling Small City Mix (391)

Lat: 40.696263 3 mi. 29,259

35-44(110)

$10K-$19K (110)

0 (102) High School Grad (132)

Striving Small City Living (536)

Long: 75.197403 5 mi. 43,259

65+(109) $75K-$99K (115)

0 (102) High School Grad (128)

Striving Small City Living (360)

3: 2010 Whitehall MallWhitehall, PA 18052 12.00

1 mi. 6,014 65+(118) $50K-$74K (124)

0 (116) High School Grad (120)

Affluent Suburbs (597)

Lat: 40.635503 3 mi. 45,750

18-24(116)

$20K-$29K (136)

0 (107) Some High School (139)

Striving Urban Melting Pot (589)

Long: 75.485658 5 mi. 86,820

65+(121) $10K-$19K (128)

0 (109) High School Grad (127)

Striving Urban Melting Pot (427)

4: 200 N. West End Blvd.Quakertown, PA 18951

17.231 mi. 2,063 35-44

(119)$50K-$74K (126)

< 6 & 6-17 (146)

High School Grad (139)

Midscale Minipolitan (1437)

Lat: 40.448598 3 mi. 11,411

35-44 (111)

$75K- $99K (139)

< 6 & 6-17 (116)

High School Grad (141)

Midscale Fringe Towns (602)

Long: 75.361568 5 mi. 16,490

45-54 (117)

$75K- $99K (142)

< 6 & 6-17 (114)

High School Grad (138)

Affluent Country Living (554)

5: 6900 Hamilton Blvd. Trexlertown, PA 18087 19.44

1 mi. 756 55-64 (170)

$75K- $99K (203)

6-17 (150) College Graduate (147)

Elite Country Manors (2604)

Lat: 40.552200 3 mi. 18,005

55-64 (122)

$100K+ (182) 6-17 (114) College Graduate (157)

Elite Country Manors (887)

Long: 75.592651 5 mi. 31,693

55-64 (120)

$100K+ (166) 6-17 (106) College Graduate (154)

Elite Country Manors (554)

6: Route 611Bartonsville, PA 18321 21.82

1 mi. 1,108 45-54 (133)

$30K-$39K (136)

< 6 & 6-17 (166)

Grade School (159) Midscale Working Towns (1546)

Lat: 41.009197 3 mi. 4,342 45-54 (130)

$40K-$49K (122)

< 6 & 6-17 (142)

High School Grad (126)

Midscale Fringe Towns (1121)

Long: 75.286333 5 mi. 17,261

45-54 (114)

$75K- $99K (115)

< 6 & 6-17 (115)

High School Grad (120)

Midscale Fringe Towns (833)

Houston-Galveston-Brazoria, Texas

• High Sales per Store

• Prosperous Age Group with young kids or with no children

• Education Level of Mostly College Grads

• Income Levels average out to be Middle Class

Bethlehem, Pennsylvania

35-44 predominant age group

“DINKS” (most households have 0 kids)

Midscale – Striving Communities

High Income $75,000+

Still a good target for women’s apparel – less children’s but that is only 13% of sales