Kohl's 2001 Annual Report Download - page 6

Westward Expansion in 2003
In 2003, we plan to open approximately 80 stores, including
our major expansion into the Southwest region. We will
enter the Los Angeles market in spring, giving us coast-to-coast
coverage in major markets across the U.S. Building on this
base, in fall we will open new stores in Phoenix and Las Vegas
and continue to fill in existing markets across the country.
To support our Southwest expansion, construction is
underway for a new 650,000 square-foot distribution center
in San Bernadino, California.
1992
1994
76 stores in six
Midwestern states
at time of I PO.
One distribution
center in
Menomonee Falls,
Wisconsin.
Ent er Dayton and
Cincinnati, Ohio.
Second distribution
center opens
in Findlay, Ohio.
1995
Ent er Southeast
region with stores
in Charlotte,
North Carolina.
1997
Ent er the Mid-Atlantic
region with new stores
in Philadelphia,
Washington D.C. and
northern Virginia.
Third dist ribution
center opens in
Winchester, Virginia.
1999
Fourth distribution center opens
in Blue Springs, Missouri.
Ent er Southwest region with
stores in Denver.
Expand South Central region
with stores in St. Louis and
Dallas/ Ft. Worth.
1996
Ent er South
Central region
with stores in
Kansas City
and Topeka.
When Kohl’s went public in 1992, we had 76 stores in six
Midwestern states. As of April 2002, we have 420 stores in
32 states and will become a national chain in 2003.
The foundation for our growth is laid market-by-market,
as we duplicate our successful strategies in each new
market that we enter.
New Markets in 2001
Kohl’s opened 62 stores in 2001, including our entry into
the fast-growing Atlanta market with 18 stores. Other new
markets in 2001 included Oklahoma City with four stores,
Austin and Fayetteville with three stores each and El Paso
with two stores. We also added 32 fill-in stores.
Expansion in 2002
In spring 2002, we opened 38 stores, including major
entries into Houston and Boston. We very successfully
entered Houston with 12 new stores in March. In April, we
opened 13 stores in New England. Our entry into this market
was made possible by the aquisition of the lease rights to 12
former Bradlees stores in Boston and three stores in New
Jersey. These stores have been remodeled and reconfigured
to bring the Kohl’s concept to this dynamic market area. In
addition, Kohl’s entered the Nashville market with four stores
and opened nine fill-in stores in existing markets in April.
We plan to open approximately 32 stores in the fall, including
our entry into the Providence, Rhode Island, market with four
stores. We will expand our presence in Boston with two
additional stores and will add 26 fill-in stores in markets
we already serve.
We continued to support our growth with the opening of
two new distribution centers. A distribution center in
Mamakating, New York, supports our Northeast region, while
a new facility in Corsicana, Texas, supports our Houston
entry and the South Central region.
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