Kohl's 2009 Annual Report Download - page 18

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Table of Contents
(e) Performance Graph
The graph below compares our cumulative five-year stockholder return to that of the Standard & Poor’s 500 Index and the S&P 500 Department Stores
Index. The S&P 500 Department Stores Index was calculated by Standard & Poor’s Investment Services and includes Kohl’s; JCPenney Company, Inc.;
Dillard’s, Inc.; Macy’s, Inc.; Nordstrom Inc.; and Sears Holding Corporation. The graph assumes investment of $100 on January 29, 2005 and
reinvestment of dividends. The calculations exclude trading commissions and taxes.
     
 $100.00 $96.89 $ 160.35 $100.68 $80.47 $110.41
 100.00 111.63 128.37 126.05 76.43 101.76
 100.00 116.76 167.93 107.22 50.65 84.67
(f) Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities
We did not sell any equity securities during 2009 which were not registered under the Securities Act.
(g) Purchases of Equity Securities by the Issuer and Affiliated Purchasers
In September 2007, our Board of Directors authorized a $2.5 billion share repurchase program which is intended to return excess capital to our
shareholders. As a result of the current economic environment, we have not purchased any shares under this program since July 2008. The program does not
have a specified termination date.
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