| Business Summary | | Kohl's
Corporation
currently
operates
354
family
oriented,
specialty
department
stores
that
feature
quality,
national
brand
merchandise
priced
to
provide
value
to
customers.
The
Company's
stores
sell
moderately
priced
apparel,
shoes,
accessories
and
home
products
targeted
to
middle-income
customers
shopping
for
their
families
and
homes.
Kohl's
stores
have
fewer
departments
than
traditional,
full-line
department
stores,
but
offer
customers
dominant
assortments
of
merchandise
displayed
in
complete
selections
of
styles,
colors
and
sizes.
Central
to
the
Company's
pricing
strategy
and
overall
profitability
is
a
culture
focused
on
maintaining
a
low-cost
structure.
Critical
elements
of
this
low-cost
structure
are
the
Company's
store
format,
lean
staffing
levels,
sophisticated
management
information
systems
and
operating
efficiencies
resulting
from
centralized
buying,
advertising
and
distribution. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Kohl's
Corp.
operates
family
oriented,
specialty
department
stores
primarily
in
the
Midwest
and
Mid-Atlantic
that
feature
quality,
moderately
priced
apparel,
shoes,
accessories,
soft
home
products
and
housewares.
For
the
26
weeks
ended
8/4/01,
sales
rose
21%
to
$3
billion.
Net
income
rose
38%
to
$161.6
million.
Revenues
reflect
comparable
store
sales
growth
and
the
inclusion
of
revenues
from
new
stores
opened.
Earnings
also
reflect
higher
gross
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Lawrence Montgomery, 52 CEO,
Director | $1.2M | $2.0M | Kevin Mansell, 48 Pres | 895K | 1.4M | Arlene Meier, 49 COO,
Director | 679K | 1.9M | Gary Vasques, 53 Exec.
VP-- Marketing | -- | -- | Don Sharpin, 52 Exec.
VP -HR | -- | -- | Dollar
amounts are as of 29-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|