Kohl's 2002 Annual Report Download - page 8
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Our Southeast region increased from 40 to 49 stores, including our
entry into Nashville with four stores. We also added two stores in
the Mid-Atlantic region and 19 stores in the Midwest, significantly
increasing market share in our most mature region.
Expansion in 2003 and 2004
We plan to open approximately 80 stores in 2003, including
our March 2003 entry into the greater Los Angeles area with
28 stores. Additionally, we will open seven stores in April, including
our entry into San Antonio with three stores and four fill-in stores
in markets we already serve.
We will open approximately 45 stores in the fall, including our entries
into Phoenix with 10 stores, Tucson with two stores, Flagstaff with
one store and Las Vegas with three stores. Together, the Southern
California, Arizona and Nevada entries will account for half of our
new store openings in 2003, an indication of the strategic significance
of these new markets. A new distribution center in San Bernardino,
California, which opened in December 2002, supports our major
expansion into the Southwest.
In 2004, we plan to open approximately 95- 100 stores. These stores
will be a combination of new stores in new markets and fill-in stores
in existing markets. We will continue to expand our presence in the
Southwest region, where we can leverage the regional management
and distribution center infrastructure that is now in place. Our plans
include additional stores in the greater Los Angeles area and new
market entries into Sacramento, San Diego and Fresno.
Our entry into Southern California made Kohl’s a national retailer,
with stores in major markets from coast to coast. We aren’t
going to stop there. We will continue to expand the Kohl’s
concept of brands, value and convenience into many
new markets and fill-in locations
in the years ahead.
Midwestern Region (196 stores)
Northeast Region (77 stores)
South Central Region (67 stores)
Mid-Atlantic Region (57 stores)
Southeast Region (49 stores)
Southwest Region (11 stores)
Distribution Center (7)
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STORES AS OF FEBRUARY 1, 2003
NEW MARKETS IN 2003