Kohl's

National chain of department stores.

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Headquarters:
N56 W17000 Ridgewood Drive
Menomonee Falls, WI 53051
Employees: 27,000
CEO: Lawrence Montgomery
Stock Symbol: KSS

Website: http://www.kohls.com

Career Site

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 is purchased by a group of investors in 1986 led by Kohl's senior management. The company opens its 40th store.

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
- Vision plan, providing discounts on frames, lenses and contacts
- Immediate life insurance
- Short-term and long-term disability
- 401(k) savings plan, plus a corporate match
- Immediate merchandise discount at all our stores
- Paid vacation, which you begin accruing the first month you work
- Employee stock ownership plan
- Medical flex plan

Employees at corporate offices receive the additonal benefits below:

- Dry-cleaning service
- In-house restaurant, "The Lodge," serving a daily choice of breakfast and lunch entrees, plus a deli bar, dessert buffet and other snacktime necessities
- Kohl's Cuisine Take-Out every Wednesday night
- "The Learning Lodge," our on-site child development center
- Discounted health club membership

Updated February 29, 2008