Who Owns Kohl's Corporation: A Comprehensive Guide

Posted on 25 Aug 2024

Who owns Kohls? Kohl's is an American department store chain owned by Kohl's Corporation.

Kohl's Corporation is a publicly traded company that operates over 1,100 stores in the United States. The company was founded in 1962 by Maxwell Kohl and is headquartered in Menomonee Falls, Wisconsin.

Kohl's is a leading retailer of apparel, footwear, accessories, and home goods. The company is known for its value-oriented pricing and its wide selection of merchandise. Kohl's also offers a variety of services, including free shipping on orders over $50 and a generous return policy.

Kohl's is a major player in the retail industry. The company has a strong track record of profitability and growth. Kohl's is well-positioned to continue to be a successful retailer in the years to come.

Who Owns Kohl's

Kohl's is an American department store chain owned by Kohl's Corporation. The company was founded in 1962 by Maxwell Kohl and is headquartered in Menomonee Falls, Wisconsin.

Founder: Maxwell Kohl
Headquarters: Menomonee Falls, Wisconsin
Number of stores: Over 1,100
Revenue: $19.4 billion (2022)
Employees: 95,000
Ticker symbol: KSS

Maxwell Kohl was a Polish-born American businessman who founded the Kohl's department store chain. He was born in 1906 in Brzeziny, Poland, and immigrated to the United States in 1923. He started his career in retail as a clerk at a grocery store, and eventually opened his own store in Milwaukee, Wisconsin, in 1946.

Kohl's first store was a success, and he soon opened additional stores in the Milwaukee area. In 1962, he incorporated the company as Kohl's Corporation. The company continued to grow rapidly, and by the 1980s, Kohl's had become a major department store chain with stores across the United States.

Maxwell Kohl died in 1990, but his legacy lives on through the Kohl's Corporation. The company is still headquartered in Menomonee Falls, Wisconsin, and it remains one of the leading department store chains in the United States.

Maxwell Kohl's founding of Kohl's Corporation is a classic example of the American Dream. He came to the United States with nothing, but through hard work and determination, he built a successful business that has employed thousands of people and provided affordable goods to millions of customers.

Headquarters

The fact that Kohl's is headquartered in Menomonee Falls, Wisconsin, is significant because it has a major impact on the company's operations and culture. Being headquartered in a suburban area gives Kohl's access to a large pool of potential employees, as well as a lower cost of living than in a major city. This allows Kohl's to keep its operating costs low, which in turn allows it to offer lower prices to its customers.

In addition, being headquartered in Wisconsin gives Kohl's a strong connection to the Midwest. This is important because the Midwest is a major market for Kohl's, and it allows the company to better understand the needs of its customers in this region. Kohl's is also able to support the local community in Menomonee Falls, and it has a strong relationship with the city.

Overall, the fact that Kohl's is headquartered in Menomonee Falls, Wisconsin, is a key part of the company's success. It gives Kohl's access to a large pool of employees, a lower cost of living, and a strong connection to the Midwest.

Number of stores

The fact that Kohl's has over 1,100 stores is a significant factor in the company's success. A large number of stores gives Kohl's a number of advantages, including:

Increased brand awareness: The more stores a company has, the more people will be aware of the brand. This can lead to increased sales and profits.
Greater convenience for customers: Customers are more likely to shop at a store that is convenient for them. Having a large number of stores makes it more likely that customers will be able to find a Kohl's store near them.
Increased sales volume: A large number of stores can lead to increased sales volume. This is because each store can generate sales, and the more stores a company has, the more sales it can generate.
Economies of scale: A company with a large number of stores can often achieve economies of scale. This means that the company can purchase goods and services at a lower cost than a company with a smaller number of stores. This can lead to increased profits.

Overall, the fact that Kohl's has over 1,100 stores is a key factor in the company's success. A large number of stores gives Kohl's a number of advantages, including increased brand awareness, greater convenience for customers, increased sales volume, and economies of scale.

Revenue

Kohl's revenue of $19.4 billion in 2022 is a key indicator of the company's financial health and success. Revenue is the total amount of money that a company earns from its sales of goods or services over a specific period of time. It is a measure of a company's top-line growth and is used to assess the company's overall financial performance.

There are a number of factors that can affect a company's revenue, including the demand for its products or services, the pricing of its products or services, and the overall economic climate. In the case of Kohl's, the company's revenue growth in 2022 was driven by a number of factors, including increased consumer spending, the launch of new products and services, and the expansion of the company's store base.

Kohl's revenue of $19.4 billion in 2022 is a significant achievement and is a testament to the company's strong brand, loyal customer base, and effective marketing and sales strategies. The company's revenue growth is also a positive sign for the future and indicates that Kohl's is well-positioned to continue to be a successful retailer in the years to come.

Employees

The fact that Kohl's has 95,000 employees is a significant factor in the company's success. Employees are the backbone of any organization, and Kohl's is no exception. The company's employees are responsible for providing excellent customer service, selling merchandise, and keeping the stores clean and organized. Without its employees, Kohl's would not be able to operate its stores or generate revenue.

In addition to their role in the day-to-day operations of the company, Kohl's employees also play a vital role in the company's long-term success. The company's employees are its most valuable asset, and Kohl's invests heavily in its employees. The company offers a competitive benefits package, including health insurance, dental insurance, vision insurance, and a 401(k) plan. Kohl's also offers a variety of training and development programs to help its employees grow their careers.

Kohl's employees are proud to work for the company, and they are committed to providing excellent customer service. The company's employees are a key reason why Kohl's is a successful retailer.

Ticker symbol

The ticker symbol KSS is an important part of "who owns Kohl's" because it identifies the company on the stock market. A ticker symbol is a unique identifier that is assigned to a company's stock, and it is used to track the stock's price and trading activity. In the case of Kohl's, the ticker symbol KSS is used to identify the company's stock on the New York Stock Exchange.

The ticker symbol KSS is important for investors because it allows them to easily track the performance of Kohl's stock. Investors can use the ticker symbol to find real-time quotes, historical data, and other information about Kohl's stock. This information can help investors make informed decisions about whether to buy, sell, or hold Kohl's stock.

The ticker symbol KSS is also important for Kohl's itself. The ticker symbol helps to raise the company's profile and makes it more visible to potential investors. This can help Kohl's to attract new investors and raise capital.

Overall, the ticker symbol KSS is an important part of "who owns Kohl's" because it identifies the company on the stock market and allows investors to track the performance of the company's stock.

FAQs about "Who Owns Kohl's?"

This section provides answers to frequently asked questions about who owns Kohl's and related topics. This information is intended to provide a comprehensive understanding of the ownership structure and history of Kohl's Corporation.

Question 1: Who is the founder of Kohl's?

Maxwell Kohl, a Polish-born American businessman, founded Kohl's in 1962.

Question 2: Is Kohl's a publicly traded company?

Yes, Kohl's Corporation is a publicly traded company listed on the New York Stock Exchange under the ticker symbol KSS.

Question 3: Who are the major shareholders of Kohl's?

As of 2023, the Vanguard Group, BlackRock, and SSgA Funds Management are among the major shareholders of Kohl's Corporation.

Question 4: Is Kohl's owned by Amazon?

No, Kohl's is not owned by Amazon. Kohl's Corporation is an independent, publicly traded company.

Question 5: Is Kohl's a subsidiary of another company?

No, Kohl's is not a subsidiary of another company. It is an independent, publicly traded company.

Question 6: Who is the CEO of Kohl's?

Michelle Gass has been the CEO of Kohl's Corporation since 2018.

In summary, Kohl's Corporation is a publicly traded company founded by Maxwell Kohl in 1962. It is not owned by Amazon or any other company and has a diverse group of shareholders. Kohl's is led by CEO Michelle Gass and operates over 1,100 stores across the United States.

For more information about Kohl's Corporation, please refer to the company's website or consult reliable financial news sources.

Conclusion

In conclusion, the exploration of "who owns Kohl's" has revealed that Kohl's is a publicly traded company with a rich history and a strong presence in the retail industry. Founded by Maxwell Kohl in 1962, Kohl's has grown from a single store to a nationwide chain with over 1,100 locations. The company is headquartered in Menomonee Falls, Wisconsin, and employs over 95,000 people. Kohl's is known for its value-oriented pricing, wide selection of merchandise, and excellent customer service.

Kohl's is a major player in the retail industry and is well-positioned to continue to be a successful retailer in the years to come. The company has a strong track record of profitability and growth, and it is committed to providing its customers with a convenient and enjoyable shopping experience. As the retail landscape continues to evolve, Kohl's is adapting to meet the needs of its customers and is investing in new technologies and initiatives to drive future growth.

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