DEPARTMENT store Kohl’s went under new management in 2022 introducing new changes throughout their locations.
As Kohl’s continues to revamp their stores, let’s take a look at the history surrounding the infamous one-stop shop.
What is Kohl’s?
Kohl’s is an American department store that thrives on “putting customers first, acting with integrity, building great teams, and driving results.”
According to their website, Khol’s purpose is: “to inspire and empower families to lead fulfilled lives.”
Currently, Khol’s has over 1,100 stores in 49 states in the United States.
The department store sells:
Khol’s has even partnered with the beauty realtor Sephora, having mini-stores throughout various locations.
Who owns Kohl’s?
Kohl’s ownership is compiled of both retail investors and institutions.
In 2022, Kohl’s was sold to The Copps Corporation which expanded its ownership to other shareholders.
Over 50 percent of the company is owned by investors such as BlackRock Inc., Vanguard Group Inc., Macellum Advisors, and more.
About 5.3 percent of Kohl’s shares are taken up by hedge funds.
Kohl’s is currently worth $2.22billion according to Stock Analysis.
How long has Kohl’s been in business for?
Kohl’s has been in business since September 12, 1962, when creator Maxwell Kohl founded the company in Brookfield, Wisconsin.
Before opening Kohl’s Maxwell was the owner of 48 grocery stores around Wisconsin.
Maxwell’s intention was the have Kohl’s be a high-end department store but eventually, under different management, the company changed its target audience.
Kohl’s family continued to own the company until 1979 when Maxwell’s son, Herb, left the business to become a US senator.
