Very nice stores in the large planned communities. They have sites along major commuting routes
adjacent to large new communities. I have not bought the stock...seriously thinking about it....the department stores here are very upscale... KOHL's addresses the basics and current trends at very attractive prices just right for growing families. District of Columbia does not have room for a Kohls to
operate with convenient parking. Also for all practical purposes D.C. is a retail ghost town after 6pm and on
Sundays. The retail growth is in the western suburbs sweeping around in a semi circle from Woodbridge, Va to the southwest, thru Fairfax and Loudoun counties to the west, and into Frederick and Montgomery counties of Maryland to the northwest. I hope Kohl's does well here, a very high household income approx $50 to $75K
I was at the annual meeting last week. Most of the info they presented was in the fiscal year end booklet stockholders are sent. But they did annouce that they would be opening 40-45 new stores in the next two years and that they would be going more national.
They also mentioned they were in negotiations to determine the locations of these. It sound like maybe they were looking at buying other established stores and converting to KSS. They did that with some of the Eastern states stores last yr.
Does anyone have any info on this?
Earnings were great, sales were great, some of the associates had minor concerns related to their own stores, but overall KSS still rolling. Assuming they can handle that type of expansion without lossing there edge their sales and profits should increase in next few yrs as much or more than in past. As peter lynch would say this could be a 100 bagger.