More Kohl's on the Fire

Kohl's Corp. (Menomonee Falls, Wis.) has said it expects to spend $825 million in capital expenditures for the year ending Jan. 31, 2004. It would be a 15 percent increase over the previous year.

Kohl's said, in a filing with the Securities and Exchange Commission, that the fiscal includes new store and remodel spending, as well as base capital needs. The company reiterated that it expects to open 80 new stores in fiscal 2004.

The retailer plans to open 45 stores in the fall. It also said it plans to open 99 to 100 new stores for the year ending Jan. 29, 2005. The new stores will open in a combination of new and existing markets, according to the filing.