|
Go To |
Headquarters:
Website: http://www.kohls.com Kohl's operates a national chain of department stores featuring brand-name items including clothing, shoes, bedding, luggage and small appliances. Kohl's emphasizes national brands at discount prices. Some stores are located in malls, but most are free-standing locations. Over the past several years, Kohl's has opened many new stores and has expanded into the Northeast and California. As of 2008, the Company operated 929 stores in 47 states. It opened 112 stores last year. In 2008, Kohl's expects to open 70-75 stores. For fiscal 2007, Kohl's reported revenues of $16.5 billion, up 5.6%, and net income of $1.1 billion. Larry Montgomery, Kohl's chairman and chief executive officer, said, "2007 proved to be a difficult year for most retailers, and Kohl's was no exception. Despite a challenging year which saw deep discounts across the industry, our gross margin increased over the prior year as a result of improved inventory management and increased penetration from our private and exclusive brands. Additionally, we achieved record sales for our sixteenth consecutive year as a public company and increased our diluted earnings per share over last year." Approximately 1,500 people work at Kohl's corporate headquarters. The company has nine distribution centers located in Menomonee Falls, WI; Winchester, VA; Findlay, OH; Blue Springs, MO; Corsicana, TX; Mamakating, NY; San Bernardino, CA; Monroe, OH; and Macon, GA. History Max Kohl built his first supermarket store in 1946 and would become a chain in Wisconsin known as Kohl's Food Stores. In 1962, he started his first department store in Brookfield, Wi, also called Kohl's Department Stores. In 1978, The Kohl's Corporation becomes
wholly owned by the BATUS Retail Group, a subsidiary of British-American
Tobacco Company. While owned by BATUS, Kohl's expands from 10
to 39 stores throughout Wisconsin, Illinois and Indiana. Kohl's went public in 1992. Herb Kohl helped manage the Kohl stores and is currently a U.S. Senator from Wisconsin and owner of the Milwaukee Bucks NBA team. Benefits Below are benefits for salaried employees: - Comprehensive medical and dental coverage Employees at corporate offices receive the additonal benefits below: - Dry-cleaning service Updated February 29, 2008 |