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The Kohl’s Corporation, which is doing business as Kohl’s, is an American Department Store retailing chain which deals in clothing, footwear, bedding, furniture, jewelry, beauty products, electronics and housewares. Maxwell Kohl in Milwaukee, Wisconsin opened their first store in 1946 as a supermarket. The firm’s first department was opened in September 12, 1962. The British American Tobacco Company took controlling interest in the company in 1972. The Kohl family gave up their role in the management of the company in the year 1979. In the year 1986, a group of investors purchased the company from British-American Tobacco. The company was made public in 1992, and at present, it is the second-largest department store by retail sales in the United States. Its headquarters is located in Menomonee Falls, Wisconsin, United States.The Kohl’s Corporation – America’s top department store
Current Market Value
The company is currently operating in 1,155 locations across various nations of the world. As reported lately there are around 86,000 employees working for the firm. Kohl’s is being featured in the Fortune 500 list for the past nineteen years, starting from 1998 when it was ranked 466. In the year 2016, it held the 145th position. For the third year in the row, Kohl’s topped the list of Nation’s Favorite Fashion Retail Store.
According to the 2013 reports, the company had overall revenue of US$ 19,279 million. In the same year, it earned an operating income of US$ 1,890 and net income US$ 986 million. In the year 2014, the company reported revenue of US$ 19,031 million. Their total assets summed to US$ 14,378 million.
The founder of The Kohl’s, Maxwell Kohl had operated traditional grocery stores before he built his first supermarket in 1946, which was known Kohl’s Food Stores. By 1962, this became the largest food stores in the Milwaukee area. It opened its first department store known as, Kohl’s Department Store, in Brookfield, Wisconsin. The company operated fifty grocery stores, six department stores, liquor stores and three drug stores, by 1972. The British-American Tobacco Company’s one of U.S. retail division bought the controlling interest in the Kohl’s Corporation. However, the company was still managed by Allen and Herb Kohl. The firm then expanded Kohl’s presence from 10 to 39 stores in Illinois, Wisconsin and Indiana.
In the year 1988, the company acquired 26 locations from Chicago based MainStreet as a result of which it gained stores in Chicago’s suburbs, parts of Michigan and Minneapolis-St. Paul. The Kohl’s completed their Initial Public Offering on May 19, 1992, after which it began trading on the New York Stock Exchange under the symbol KSS. In the 2000s it expanded nationwide to have a presence in 49 states. From 76 stores in the Midwest in 1992, it went on to have 28 new stores in California by 2003.
Why you should invest in Kohl’s?
All the department stores are currently operating in a tough situation. Nevertheless, when compared to its contemporaries, Kohl’s is maintaining a steady pace and is certainly doing better than the rest. Kohl’s has successfully kept its costs down and its inventory in check during the periods of softsales. This has saved the company from the need to be aggressive with markdowns, which has maintained the gross margin despite weak sales. Due to its inventory reduction efforts the company will produce more free cash flow. It is producing a lot more cash than the suggestion of its earnings. You can expect this to be used to fuel buybacks, which will knock down the number of shares driving per-share earnings to be higher. These key features make the company one of the top contenders to invite your investment.
Kohl’s Properties For Sale Across the United States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming