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Kohl's Corporation (NYSE: KSS) is
an American department storechain headquartered in Menomonee Falls, Wisconsin, a suburb of Milwaukee, Wisconsin. The company currently operates 1,067 stores
in 49 states. Kohl's mission, as
stated in store and online, is to be the leading value-oriented, family-focused, specialty department store.
Based on 2008 revenue, Kohl's was the 24th-largest retailerin
the United States.
The company entered the S&P 500list in
1998 and is also listed in the Fortune 500(#135 in 2010).
Max Kohl, who had previously
operated traditional grocery stores, built his first Kohl's supermarketin 1946,
the first in what would become a southeastern Wisconsin chain known
as Kohl's Food Stores.
In 1962, he started his first department store, Kohl's
Department Store, in Brookfield, Wisconsin. He positioned Kohl's between the higher-end
department stores and the discounters, selling everything from candy to engine oil to sporting
In 1972 the British-American Tobacco Company's (parent of U.S. subsidiary Brown & Williamson Tobacco Co.) U.S. retail division, BATUS Inc., bought a controlling interest in Kohl's Corp., which at the time
operated 50 grocery stores, six department stores, three drug stores and three liquor
stores. The Kohl family,
led by Allen and Herb Kohl, continued to manage the company. The family left the management in 1979, and Herb Kohl became
a United States Senator and owner of the Milwaukee Bucks. The firm then expanded Kohl's presence from 10 to 39 stores in
Wisconsin, Illinoisand Indiana. The grocery
stores were sold to Ain 1983, operating under the name Kohl's Food
Store. In February of 2003, A&P put the Kohl's Food Stores up for sale, as part of an effort to reduce debt.
In June of 2003, A&P announced their plans to close all Kohl's Food Stores and administrative offices. By
the end of 2003, all Kohl's Food Stores locations were closed.
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