MENOMONEE FALLS, WI-Kohl's Corp. sees its total store portfoliogrowing to 1,400 units by 2012 from the 929 locations executivesexpect to have open by the end of November. Kohl's is opening 80new stores today, followed by an additional 15 by the middle ofnext month.

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Included in the coming openings is the company's first unit inWyoming, in Cheyenne. Additionally, the retailer is entering othernew markets, which include Panama City and West Palm Beach, FL.;Abilene, TX; and Spokane, WA.

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Due to the store growth, remodels and upgrades in technology andmerchandise, Kohl's will spend between $1.6 billion and $1.7billion annually on capital expenditures through 2012. At the sametime, management expects same-store sales to grow between 2% and 4%year over year through 2012.

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The company is coming off a second-quarter same-store sales gainof 1.6% year over year. During that period, which ended Aug. 4, netincome rose 15.9%, to $269.2 million and net sales were up 8.7%,hitting $3.6 billion.

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In August, the retailer did not fare as well, reporting asame-store sales drop of 0.6%, due to softness in the South andSouthwest regions. So far for the year, same-store sales have risen2.1%.

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