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September 05, 2015 1:09 AM ET

Multiline Retail

Company Overview of Kohl's Corp.

Company Overview

Kohl's Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online at Kohls.com and through mobile devices. As of March 03, 2015, it operated 1,162 department stores in 49 states Kohl’s Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.

N56 W17000 Ridgewood Drive

Menomonee Falls, WI 53051

United States

Founded in 1962

32,000 Employees

Phone:

262-703-7000

Key Executives for Kohl's Corp.

Chairman, Chief Executive Officer, President and Member of Executive Committee
Age: 62
Total Annual Compensation: $1.4M
Chief Financial Officer
Age: 52
Total Annual Compensation: $838.6K
Chief Merchandising & Customer Officer
Age: 47
Total Annual Compensation: $932.6K
Chief Administrative Officer
Age: 54
Total Annual Compensation: $834.8K
Compensation as of Fiscal Year 2014.

Kohl's Corp. Key Developments

Kohl's Corporation Names Jonas Prising as New Board Member

Kohl's Corporation announced that its board of directors has elected Jonas Prising as a new board member, effective immediately. He has been elected to a term expiring at Kohl's 2016 annual shareholders meeting and will be eligible for re-election by Kohl's shareholders at that time. He will initially serve on the board of directors' governance and nominating committee. Mr. Prising is chief executive officer of ManpowerGroup, where he has held a number of executive management positions since joining in 1999. Mr. Prising also serves as a director of ManpowerGroup. He currently serves on the Boards of JA Worldwide, JA USA, and JA of Wisconsin Inc.

Kohl's Corp. Declares Second Quarter Cash Dividend, Payable on September 23, 2015

Kohl's Corporation Board of Directors declared a quarterly cash dividend on the company's common stock of $0.45 per share. The dividend is payable on September 23, 2015 to shareholders of record at the close of business on September 9, 2015.

Kohl's Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 1, 2015; Revises Earnings Guidance for Fiscal 2015

Kohl's Corp. reported unaudited consolidated earnings results for the second quarter and six months ended August 1, 2015. For the quarter, the company reported net sales of $4,267 million compared to $4,242 million for the same period a year ago. Operating income was $424 million compared to $451 million for the same period a year ago. Income before income taxes was $209 million compared to $366 million for the same period a year ago. Net income was $130 million or $0.66 per diluted share compared to $232 million or $1.13 per diluted share for the same period a year ago. For the six months, the company reported net sales of $8,390 million compared to $8,312 million for the same period a year ago. Operating income was $704 million compared to $731 million for the same period a year ago. Income before income taxes was $405 million compared to $561 million for the same period a year ago. Net income was $257 million or $1.29 per diluted share compared to $357 million or $1.73 per diluted share for the same period a year ago. Net cash provided by operating activities was $353 million compared to $730 million for the same period a year ago. Acquisition of property and equipment was of $377 million compared to $374 million for the same period a year ago. The company now expects its fiscal 2015 earnings per diluted share to be at the low range of its previous guidance of $4.40 to $4.60.

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