Document Type

Research Paper

Abstract

Kohl’s Corporation ($KSS) is a discount department store. Kohl’s was founded in 1927 as a grocery store, building their first department store in 1962 in Menomonee Falls, Wisconsin. In 1972, British American Tobacco purchased an 80% stake in Kohl’s and took complete control. In 1986, due to the mismatch between Kohl’s and British American Tobacco’s strategies, Kohl’s was purchased by a group of investors led by Kohl’s management. From 1988 to 1992 when they went public, Kohl’s increased their sales from $388 million to $1 billion. Kohl’s completed its initial public offering for 11.1 million shares in May of 1992, listing on the New York Stock Exchange under the KSS symbol that is still used today. At the time of their IPO, KSS had just below 100 department stores. By 2000, Kohl’s had nearly 300 stores in 25 states. Today, Kohl’s operates over 1150 locations in 49 states.

Publication Date

Fall 2017

Faculty Sponsor

Dr. Guarango Banerjee

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