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February 06, 2016 9:08 PM 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 Reports Sales Results for the Fourth Quarter and Full Year of 2015; Provides Earnings Guidance for the Year 2015

Kohl's Corporation reported sales results for the fourth quarter and full year of 2015. For the quarter, the company reported comparable sales increased 0.4%. Total sales increased 0.8%. For the full year, the company reported comparable sales increased 0.7%. Total sales increased 1.0%. The Company now expects its fiscal 2015 diluted earnings per share to be $3.40 to $3.45. Excluding debt extinguishment losses recorded in prior quarters, fiscal 2015 diluted earnings per share is expected to be $3.95 to $4.00, down from its previously stated guidance of toward the low end of $4.40 to $4.60 per diluted share. The change in guidance is a result of lower than planned sales for the quarter and significantly lower than planned gross margin. Gross margin was affected by the origin and timing of the sales in addition to the competitive promotional environment which resulted in higher than expected markdowns on both year-round and seasonal merchandise.

Kohl's Is Considering Strategic Review Including Sale, Going Private

Kohl's Corp. (NYSE:KSS) top executives are open to the strategic review and the board is expected to discuss the company’s multiple options further this week, a person familiar with the situation said. Concerned that its depressed share price could make it a target for activist investors, directors are considering whether to hire an investment bank to advise it on alternatives that could include a sale to a private-equity firm, the person familiar with the situation said. Kohl’s declined to comment.

Kohl's Corporation Appoints Sona Chawla as Chief Operating Officer, Effective November 30, 2015

On November 16, 2015, Sona Chawla accepted an offer to serve as the Chief Operating Officer of Kohl's Corporation, effective as of November 30, 2015. Prior to joining Kohl's, Ms. Chawla, age 48, spent seven years with Walgreens in a variety of senior leadership roles including President, Digital and Chief Marketing Officer from February 2014 to November 2015, President, E-Commerce from January 2011 to February 2014 and Senior Vice President, E-Commerce from July 2008 to January 2011.

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