Uncover The Ownership Structure: Who's Behind Kohl's Department Store?

Bulletin 11 Jun 2024

Kohl's Department Stores, a leading American department store chain, has a rich history and a clear ownership structure.

Kohl's was founded in 1962 by Maxwell Kohl in Milwaukee, Wisconsin. The company initially operated as a single store, but it quickly expanded throughout the Midwest. Today, Kohl's has over 1,100 stores in 49 states. The company is headquartered in Menomonee Falls, Wisconsin.

Kohl's is a publicly traded company, and its stock is listed on the New York Stock Exchange. The company's largest shareholder is Berkshire Hathaway, which owns approximately 9% of Kohl's outstanding shares. Other major shareholders include The Vanguard Group, BlackRock, and State Street Global Advisors.

Kohl's has been a successful company for many years, and it has a strong brand reputation. The company is known for its affordable prices, its wide selection of merchandise, and its friendly customer service.

Who Owns Kohl's Department Store?

Kohl's Department Store is a publicly traded company, meaning that it is owned by its shareholders. The largest shareholder is Berkshire Hathaway, which owns approximately 9% of Kohl's outstanding shares. Other major shareholders include The Vanguard Group, BlackRock, and State Street Global Advisors.

Founder: Maxwell Kohl
Headquarters: Menomonee Falls, Wisconsin
Number of Stores: Over 1,100
States with Stores: 49
Stock Symbol: KSS

Name	Born	Died
Maxwell Kohl	1926	2013

Founder

Maxwell Kohl, born in 1926, was an American businessman who founded Kohl's Department Stores. Kohl's is a leading American department store chain, with over 1,100 stores in 49 states. Kohl's is known for its affordable prices, its wide selection of merchandise, and its friendly customer service.

Kohl's was founded in 1962
Maxwell Kohl opened the first Kohl's store in Milwaukee, Wisconsin. The store was a success, and Kohl's quickly expanded throughout the Midwest.
Kohl's went public in 1992
Kohl's became a publicly traded company in 1992. This allowed Kohl's to raise capital to expand its operations.
Kohl's expanded rapidly in the 1990s and 2000s
Kohl's opened new stores throughout the United States. The company also acquired other department store chains, such as Mervyn's and Kaufmann's.
Kohl's is now one of the largest department store chains in the United States
Kohl's is a major player in the retail industry. The company has a strong brand reputation and a loyal customer base.

Maxwell Kohl died in 2013, but his legacy lives on. Kohl's is a successful company that continues to grow and expand. The company is a major part of the American retail landscape.

Headquarters

The location of Kohl's headquarters in Menomonee Falls, Wisconsin, is significant for several reasons:

Proximity to major transportation hubs
Menomonee Falls is located near major highways and airports, making it easy for Kohl's to transport goods and employees.
Access to a skilled workforce
The Milwaukee metropolitan area has a large and well-educated workforce, which provides Kohl's with a pool of qualified employees.
Favorable business climate
Wisconsin has a favorable business climate, with low taxes and a pro-business government. This makes it an attractive location for businesses of all sizes.
Strong community ties
Kohl's has strong ties to the Menomonee Falls community. The company supports local schools and charities, and it is a major employer in the area.

The decision to locate Kohl's headquarters in Menomonee Falls, Wisconsin, was a strategic one. The location provides the company with a number of advantages, including proximity to major transportation hubs, access to a skilled workforce, a favorable business climate, and strong community ties.

Number of Stores

The fact that Kohl's has over 1,100 stores is a significant indicator of the company's success and its position in the retail industry. A large number of stores allows Kohl's to reach a wider customer base and generate more revenue. It also gives Kohl's a competitive advantage over smaller retailers that have fewer stores.

The number of stores that a company owns is often used as a measure of its size and success. The more stores a company has, the more customers it can reach and the more money it can make. Kohl's has been able to grow its number of stores over the years through a combination of organic growth and acquisitions. The company has also been able to maintain a high level of profitability, which has allowed it to continue to invest in new stores.

Kohl's large number of stores has a number of benefits for the company. It allows Kohl's to offer a wider selection of merchandise to its customers. It also allows Kohl's to be more competitive on price, as the company can spread its costs over a larger number of stores. Additionally, a large number of stores gives Kohl's a greater presence in the market, which can help to attract new customers.

States with Stores

The fact that Kohl's has stores in 49 states is a significant factor in the company's success and its position in the retail industry. A large geographic footprint allows Kohl's to reach a wider customer base and generate more revenue. It also gives Kohl's a competitive advantage over smaller retailers that have a more limited geographic reach.

Kohl's has been able to grow its geographic footprint over the years through a combination of organic growth and acquisitions. The company has also been able to maintain a high level of profitability, which has allowed it to continue to invest in new stores.

Kohl's large geographic footprint has a number of benefits for the company. It allows Kohl's to offer a wider selection of merchandise to its customers. It also allows Kohl's to be more competitive on price, as the company can spread its costs over a larger number of stores. Additionally, a large geographic footprint gives Kohl's a greater presence in the market, which can help to attract new customers.

Stock Symbol

The stock symbol KSS is the unique identifier for Kohl's Corporation on the New York Stock Exchange (NYSE). It represents the company's publicly traded shares, which are owned by investors around the world. The stock symbol is an important component of "who owns Kohl's department store" because it provides a way to track the ownership and performance of the company.

When investors buy shares of Kohl's stock, they become part owners of the company. The number of shares they own determines their percentage ownership, and they are entitled to a portion of the company's profits in the form of dividends. The stock symbol KSS allows investors to easily track the performance of their investment and make informed decisions about buying, selling, or holding their shares.

The stock symbol KSS is also used by financial analysts and investors to compare Kohl's performance to other companies in the retail industry. By tracking the stock price and other financial data, analysts can assess the company's financial health and make recommendations to investors. The stock symbol KSS, therefore, plays a crucial role in the ownership and analysis of Kohl's Department Store.

FAQs

This section addresses frequently asked questions about the ownership of Kohl's Department Store, providing clear and informative answers.

Question 1: Who is the current owner of Kohl's Department Store?

Kohl's Department Store is owned by its shareholders, as it is a publicly traded company. The largest shareholder is Berkshire Hathaway, which owns approximately 9% of Kohl's outstanding shares.

Question 2: When did Kohl's become a publicly traded company?

Kohl's became a publicly traded company in 1992, allowing it to raise capital and expand its operations.

Question 3: How many shares of Kohl's stock are there?

The exact number of shares of Kohl's stock outstanding is not publicly available, as it can fluctuate over time due to stock splits, buybacks, and other factors.

Question 4: Who founded Kohl's Department Store?

Kohl's Department Store was founded by Maxwell Kohl in 1962.

Question 5: Where is Kohl's Department Store headquartered?

Kohl's Department Store is headquartered in Menomonee Falls, Wisconsin.

Question 6: How many Kohl's Department Stores are there?

As of 2023, there are over 1,100 Kohl's Department Stores in 49 states.

These FAQs provide a comprehensive overview of the ownership and key facts about Kohl's Department Store.

Note: The information provided in this FAQ section is based on publicly available sources and may be subject to change. For the most up-to-date information, please refer to Kohl's official website or consult a financial professional.

Conclusion

Kohl's Department Store, a leading American department store chain, is owned by its shareholders, with Berkshire Hathaway being the largest shareholder. The company, founded by Maxwell Kohl in 1962, has grown significantly over the years and now operates over 1,100 stores in 49 states. Kohl's success can be attributed to its affordable prices, wide selection of merchandise, and friendly customer service.

Kohl's is a major player in the retail industry, and its ownership structure reflects the company's commitment to growth and profitability. The company's public ownership allows it to raise capital from a diverse group of investors, while the significant stake held by Berkshire Hathaway provides stability and long-term support. As Kohl's continues to navigate the evolving retail landscape, its ownership structure will play a crucial role in shaping its future success.

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