This website uses cookies to ensure you have the best experience. Learn more

Kohl's Corporation Essay

1717 words - 7 pages

History
According to the Kohl’s Corporation Hoover Report (2014), in the late 1920s, a man named Max Kohl opened a grocery store in Milwaukee, Wisconsin (Hoover Report, 2014, pg. 9). By 1938, Max and his three sons had developed his store into a successful chain and incorporated the business. Max Kohl had experienced enough success by 1962 that he opened a department store right next to his Kohl’s grocery store. In 1972, Max Kohl and his family’s “65 food stores and five department stores were generating about $90 million in yearly sales” (pg. 9) In the same year, the British American Tobacco’s Brown & Williamson Industries (BATUS) purchased 80% of the Kohls’ two operations. Six years later, BATUS proceeded to purchase what remained of Kohl’s. In the early 1980s, BATUS decided that “Kohl’s discount image did not fit in with BATUS’s other retail operations” and decided to ultimately separate the two operations in order to put them up for sale (pg. 9). The president and chief executive officer at the time, William Kellogg, “and two other executives, with the backing of mall developers Herbert and Melvin Simon, led an LBO (leveraged buy-out) to acquire the chain’s 40 stores and a distribution center” (pg. 9). By the time Kohl’s managed to go public in the year 1992, they “had 81 stores in six states, and sales topped $1 billion” (pg. 9). At this time Kohl’s began its expansion and within the next five years managed to top sales at two billion dollars. Kohl’s then “acquired a former Bradlees store to enter New Jersey and opened stores in Washington, DC; Philadelphia; New York; and Delaware” (pg. 9). The following year Kohl’s managed to expand into Tennessee by adding new stores. The company named Larry Montgomery CEO in 1999 and shortly thereafter purchased “30 stores from bankrupt Caldor (mostly in the New York City area) and reopened them as Kohl’s in 2000” (pg. 9). Kohl’s managed to expand themselves into “one of the fastest-growing and most successful US department store chains in the last decade” (pg. 9). Although Kohl’s was quickly becoming very successful in the department store arena, they ran into a few issues on their way. In 2003, they excess inventory that was “built up based on previous years of strong sales” (pg. 9). Their sales decreased by 1.6% which indicated that their expansion slightly bottomed out. After this, Kohl’s decided to start a new line of clothing to compete with the likes of Banana Republic and Perry Ellis. Their Apt. 9 brand was designed to appeal the middle class customer. In 2007, Kohl’s decided to offer more products online that were “not generally available in its stores” (pg. 9); these products include many home furnishings, dinnerware, electronics, and children’s toys. Later in the year, Kohl’s expanded its athletic department striking a deal with Fila. This agreement led to an exclusive deal to sell athletic “apparel, footwear, and accessories for women, men, and children” (pg. 9). Also, this deal is...

Find Another Essay On Kohl's Corporation

Charter School Funding Essay

821 words - 3 pages money for our own schools." Charter schools had their start in 1990s after being introduced to the world by Ray Budde in 1974 with hopes to change the education system. Charter schools are independent schools, funded using federal and state dollars, and are trying to pass a law to get help from the school district.Charter schools are "an autonomous public school created by a contract between a sponsor, as a local school district or corporation

Customer satisfaction Essay

2277 words - 9 pages growth (Supermarket News 2001).How does training employees coincide with customer service and customer value?In our research we found that customer satisfaction did coincide with employee training. Target Corporation trains all of their associates in customer service thoroughly which will bring about more satisfaction to customer (Discount Store News 1997). Customer service training will teach employees the importance of service and customer value

Ensuring a Decent Global Workplace

2425 words - 10 pages various unethical corporations out there, there are some companies such as Justice Clothing and No Sweat Apparel that take an active stand against “sweatshops” labor. Nonetheless, major companies like Gap, Wrangler jeans, JC Penney, Target, Abercrombie & Fitch, Osh Kosh B'Gosh, H&M, Wal-Mart, Kohl's, Sears, Next, and others are loyal customers of “sweatshop” labor. Of the companies, Gap has a policy against child laboring and abuse which states

Dillard’s Management Dissatisfaction Standard

2235 words - 9 pages participate and own some stock in the company. This kind of morale boosting technique helps employees feel valued and loyal to the company structure, and is relatively easy to start as a companywide program (Worley, 2013). Some of Dillard’s primary competitors are J. C. Penney Corporation, Inc., Kohl's Corporation, and Macy's Inc. Although these companies have the same target market and similar financial figures, the latter have higher employee

Apparel Industry

2931 words - 12 pages these stores in reality only sell about nine percent of the garments consumers buy annually. Meanwhile specialty stores like Old Navy, The Gap, and Abercrombie & Fitch have about a 13 percent apparel unit share. Mid-tier retailers like Sears, JCPenny and Kohl's have a 14 percent unit share. According to NPD, a market research company, catalog companies represent almost 10% of apparel retail sales through direct mail. Consumers have less time to

The Competitive Advantage Study of Retailing Industry in Turkey and USA

9030 words - 36 pages the industry and direct-to-consumer use is advantage for Target. Target's having well-known brand managers are also evaluated for their success in the industry.Finally, Costco has a strong position in the market, availability of high quality services that are vital for customer attraction. However, the success of Costco is mainly due to the market share of the firm because they are number one in this industry. Even though the corporation has no

example case

8724 words - 35 pages -Cola, and Kohl's Corporation. Li & Fung deals primarily with garments but is increasing its focus on promotional items, toys, sporting goods, and housewares. When one of its clients needs a product, Li & Fung does much more than just find the lowest-price source. The company breaks apart the manufacturing process to find the best supplier for each stage of production. For example, if a client orders a polo shirt, Li & Fung might buy

When the Bubble Burst

1539 words - 6 pages By the time I arrived state side from my second tour in the Middle East the housing bubble had already burst. I noticed a drastic change in the way that many of my friends and family were living. Several of my friends that worked in real estate had sold their boats and seconds houses. My own stock portfolio had lost a third of its value. My sister and her husband had defaulted on their home mortgage leaving them scrambling for a place to live. I

phase diagram

4456 words - 18 pages Introduction: Chemical equilibrium is a crucial topic in Chemistry. To represent and model equilibrium, the thermodynamic concept of Free energy is usually used. For a multi-component system the Gibbs free energy is a function of Pressure, Temperature and quantity (mass, moles) of each component. If one of these parameters is changed, a state change to a more energetically favorable state will occur. This state has the lowest free energy

Revolutionary Work of Art

1890 words - 8 pages Walter Benjamin emphasizes in his essay, “The Work of Art in the Age of its Technological Reproducibility” that technology used to make an artwork has changed the way it was received, and its “aura”. Aura represents the originality and authenticity of a work of art that has not been reproduced. The Sistine Chapel in the Vatican is an example of a work that has been and truly a beacon of art. It has brought a benefit and enlightenment to the art

Enlightenment Thought in New Zealand Schools

1594 words - 6 pages In this essay I will be looking at how the political and intellectual ideas of the enlightenment have shaped New Zealand Education. I will also be discussing the perennial tension of local control versus central control of education, and how this has been affected by the political and intellectual ideas of the enlightenment. The enlightenment was an intellectual movement, which beginnings of were marked by the Glorious Revolution in Britain

Similar Essays

Kohl's Corporation Essay

2334 words - 10 pages -february.html Hoover's Inc. (2013, February 7th ). Kohl’s Corporation. Hoover's Company Records - In - Depth Records. Retrieved February, 7th from North Central State College on Canvas. Kohl’s Corporation (2013, March 22nd). Form 10-K 2013. Retrieved February, 7th, 2014 from SEC EDGAR website http://www.sec.gov/edgar.shtm Kohl's. Kohl's | Shop Clothing, Shoes, Home, Kitchen, Bedding, Toys & More. Retrieved April 20, 2014, from http

Kohls Essay

674 words - 3 pages The statement of cash flow is the combination of cash that is created from operating, investing, and financial activities of a business. Kohl's Corporation displays a positive trend of cash flows mainly due to an increase in cash from operating and financials activities while reducing negative cash from investing activities. In the operating activities, there is an increase in depreciation costs due to Kohl's active expansion of existing

Democratic Leadership Is The Best Leadership Style For Today's Workers. Discuss

1799 words - 7 pages , the Mondragon Co-operative Corporation is the largest business corporation in its region, and the eighth largest in Spain. Several years later, Logue observed similar cooperatives and employee-owned enterprises in Quebec, Canada. Studying these models built his belief that democratically operated well to the company, just as democratic countries outperform autocratic ones.Logue, a professor of political science at Kent State, directs OEOC

Financial Statement Analysis

1164 words - 5 pages benchmarked to Sears, Kohl's, and Gottschalks. In 2006, JC Penney ranked third in annual revenues/sales of $19.9 billion, below Sears at $50 billion, and Macy's at $26.9 billion. Kohl's finished fourth at $16 billion. Annual net income for JC Penney in 2006 was $1,153 million. Kohl's has $1,083 million of net income with Macy's at $995 million and Sears at $826 million.The financial statement analysis for JC Penney and Macy's for the years 2006 and