We saw this article on Kohl's hitting the 1,000-store mark and had to wonder how much celebration there is for this kind of milestone right now.The retailer had plans to open 1,400 stores by 2012, but due to cutbacks in expansion that have plagued nearly every major chain, this looks less likely, according to the Journal Sentinel. Management is now saying it is not releasing expansion plans beyond next year, when 50 to 60 locations are in the works.Kohl's, like other chains, is experiencing same-store sales slides. In August, they fell 5.6% year over year and 4.6% in the third quarter. But in these times, those numbers aren't too bad. The chain still posted a hefty $236 million net income during its Q3, though down from the previous year, and its stock closed at $46 yesterday, well under a 52-week high of nearly $64...but hey. Things could be way worse, right?
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