KSS on NYSE

Kohl's

Logo: Kohl's, Public domain, via Wikimedia Commons5

American department store chain

Kohl's Corporation (Kohl's is stylized in all caps) is an American department store retail chain. It has 1,174 locations as of February 2024, operating stores in every U.S. state except Hawaii.3 From Wikipedia, CC BY-SA 4.0

$21.54 down 0.88 (3.90%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 18, 2026.

Overview

$15.5BRevenue, fiscal 20266
$272.0MNet income, fiscal 20266
1962Founded1

Compare with Burlington, Macy's, Inc. or Dillard's, or pick any stock.

  • TickerKSS on NYSE1
  • Industryretail1
  • HeadquartersMenomonee Falls1
  • Founded inMilwaukee1
  • Websitewww.kohls.com
  • Incorporated inWI7
  • Business addressN56 W17000 Ridgewood Dr, Menomonee Falls, Wi 530517
  • Filer categoryLarge accelerated filer7
Kohl's (14676551240)
Photo: Mike Mozart from Funny YouTube, USA, CC BY 2.0, via Wikimedia Commons9

Kohl's Corporation (Kohl's is stylized in all caps) is an American department store retail chain. It has 1,174 locations as of February 2024, operating stores in every U.S. state except Hawaii. The company was founded by Polish immigrant Maxwell Kohl, who opened a corner grocery store in Milwaukee, Wisconsin, in 1927. It went on to become a successful chain (Kohl's Food Stores) in the local area, and in 1962 the company branched out by opening its first department store. British American Tobacco (BAT) took a controlling interest in the company in 1972 while still managed by the Kohl family, and in 1979, the corporation was sold to BATUS Inc. A group of investors purchased the company in 1986 from BATUS and took it public in 1992.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

4.0%Operating margin6
1.8%Net margin6
-4.3%Revenue growth, 20266
6.7%Return on equity6
0.35×Debt to equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 94% of the revenue Kohl's broke down this way in fiscal 2026.

  1. Product$14.8B694%down 4% from 2025
  2. Product and Service, Other$752.0M65%down 10% from 2025
  3. Gift Card$117.0M61%down 8% from 2025
Products and services by year
Products and services202420252026
Product$16.6B$15.4B$14.8B
Product and Service, Other$890.0M$836.0M$752.0M
Gift Card$149.0M$127.0M$117.0M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue59¢$9.2B
  • Selling, general and admin33¢$5.1B
  • Other costs6¢$874.0M
  • Income tax0¢$64.0M
  • Profit2¢$272.0M

Out of $15.5B in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Dividends paid4¢$56.0M
  • Kept or used elsewhere96¢$1.3B

Out of $1.4B of cash from operations.6

Financial statements

Revenue10111213146$15.5B in 2026−23% since 2019
0$10.0B$20.0B$30.0B2019: $20.2B$20.2B20192020: $20.0B$20.0B2020−1%2021: $16.0B$16.0B2021−20%2022: $19.4B$19.4B2022+22%2023: $18.1B$18.1B2023−7%2024: $17.5B$17.5B2024−3%2025: $16.2B$16.2B2025−7%2026: $15.5B$15.5B2026−4%
Operating income10111213146$624.0M in 2026−54% since 2019
-$500.0M0$500.0M$1.0B$1.5B$2.0B2019: $1.4B$1.4B20192020: $1.1B$1.1B2020−19%2021: -$262.0M-$262.0M20212022: $1.7B$1.7B20222023: $246.0M$246.0M2023−85%2024: $717.0M$717.0M2024+191%2025: $433.0M$433.0M2025−40%2026: $624.0M$624.0M2026+44%
Net income10111213146$272.0M in 2026−66% since 2019
-$500.0M0$500.0M$1.0B2019: $801.0M$801.0M20192020: $691.0M$691.0M2020−14%2021: -$163.0M-$163.0M20212022: $938.0M$938.0M20222023: -$19.0M-$19.0M20232024: $317.0M$317.0M20242025: $109.0M$109.0M2025−66%2026: $272.0M$272.0M2026+150%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2026-01-312025-01-312024-01-31
Total revenue$15.5B$16.2B$17.5B
Cost of merchandise sold$9.2B$9.7B$10.5B
Selling, general, and administrative$5.1B$5.3B$5.5B
Depreciation and amortization$700.0M$743.0M$749.0M
Impairments, store closing, and other costs$15.0M$76.0M
(Gain) on legal settlement-$129.0M
Operating income$624.0M$433.0M$717.0M
Interest expense, net$288.0M$319.0M$344.0M
Income before income taxes$336.0M$114.0M$373.0M
Provision for income taxes$64.0M$5.0M$56.0M
Net income$272.0M$109.0M$317.0M
Basic$2.43$0.98$2.88
Diluted$2.38$0.98$2.85

Compare Kohl's with another company

The story

Maxwell Kohl, who had operated traditional grocery stores since 1927, built his first supermarket in 1946, the first in what would become a southeastern Wisconsin chain known as Kohl's Food Stores. In September 1962, after building Kohl's Food Stores into the largest supermarket chain in the Milwaukee area, Kohl opened his first department store in Brookfield, Wisconsin. He positioned Kohl's between the higher-end department stores and the discounters, selling everything from candy to engine oil to sporting equipment.

In 1972, the British American Tobacco Company's U.S. retail division, Batus Inc., bought a controlling interest in Kohl's Corporation, which at the time operated 50 grocery stores, six department stores, three drug stores, and three liquor stores. The Kohl family, led by Allen Kohl and Herb Kohl, continued to manage the company. Herb Kohl left the management in 1979, eventually becoming a United States senator and owner of the Milwaukee Bucks. The firm then expanded Kohl's presence from 10 to 39 stores in Wisconsin, Illinois and Indiana. The grocery stores were sold to A&P in 1983, operating under the name Kohl's Food Store, and later Kohl's Food Emporium. In February 2003, A&P put the Kohl's Food Stores up for sale, as part of an effort to reduce debt. That same year, A&P closed all Kohl's Food Stores locations and the Kohl family left remaining management.

A group of investors, led by the senior management, purchased the company in 1986. Building on the existing 40 department stores, the company added 27 more stores over the next two years. In 1988, the chain acquired 26 locations from the Chicago-based retailer MainStreet, gaining several stores in Chicago's suburbs, the Twin Cities, and Michigan. Kohl's completed its initial public offering on May 19, 1992, and began trading on the New York Stock Exchange under the symbol KSS.

During the 2000s, Kohl's expanded nationwide to 49 states. Building from 76 stores in the Midwest in 1992, Kohl's expanded into the New York metropolitan area in 2000 after Caldor was liquidated. The chain later expanded into the Dallas-Fort Worth metroplex and California in 2003 with 28 new stores, the Pacific Northwest in 2006 with 10 new stores, and the Southeast with 43 new stores opening between 2005 and 2008. To raise money to repurchase its stock and open new stores, Kohl's sold its credit card division in 2006 to J.P. Morgan Chase for $1.5 billion.

In 2011, Kohl's replaced Chase with Capital One as their private credit card processing partner for an undisclosed sum. In 2016, Kohl's added the Capital One backed private label Kohl's Card to the Kohl's App to create Kohl's Pay - the first integrated mobile checkout solution for a retailer in US, combining Kohl's Card, Kohl's Cash, Kohl's Yes-2-You Rewards and Kohl's coupons into a single QR Code Payment, with technology powered by Omnyway, Inc (né OmnyPay), a Silicon Valley startup. That same year, Kohl's became the first retailer to include Kohl's Card and Kohl's Rewards in one tap payments with Apple Pay.

Kohl's hired New York City advertising agency DeVito/Verdi in 2009 to strengthen the Kohl's brand via a series of national television, online, and social media campaigns. The same year, Newsweek magazine ranked the company 18th overall and first in its industry in its "Green Rankings", an examination of 500 of the largest corporations on their environmental track records. Newsweek remarked that Kohl's had the largest solar power program of any retailer globally, it pursues green building certification, and over 78 locations in six states have solar panels. Kohl's had also begun to sell reusable shopping bags the previous year.

Kohl's was awarded $62.5 million in tax credits from the Wisconsin Economic Development Corporation in 2012. The retailer was to create 3,000 jobs with the funds, but only created 473. In the same year, Kohl's requested financing from the village of Menomonee Falls, Wisconsin, to fund the construction of its new headquarters there. Kohl's received $2 million, the first of five installments that was to equal a total payout of $12 million, but ultimately backed out of the transaction.

In 2015, the company opened the first test store of Off/Aisle, a chain built around selling like-new clothing, home goods, jewelry, and accessories that were purchased and returned at Kohl's stores. The stores sold items at discounted prices, and had a more restrictive return policy than typical Kohl's stores. The Off/Aisle stores were ultimately closed in 2019.

Read the full text

In early January 2017, Kohl's shares fell 19% in value, in what The Wall Street Journal said was "the stock's worst day on record," and noted that it was a noticeable exception to the overall declining volatility of the market. The company ranked 157th on the 2018 Fortune 500, the annual list of the largest United States corporations, having earned revenues of $19.095 billion in 2017. In that year, Kohl's entered into a partnership with Amazon, which included a program where select stores would accept Amazon returns; in 2019 it was expanded nationwide. In 2018, Kohl's announced a pilot program to lease space to grocer Aldi and, the following year, to fitness center Planet Fitness, alongside up to 10 stores each.

On March 16, 2022, it was announced that Hudson's Bay Company and Sycamore Partners were considering bids to buy Kohl's, which its shares jumped 17%. On April 25, 2022, it was announced that Simon Property Group and Brookfield Asset Management, the owners of JCPenney, had set an offer to buy Kohl's. In June 2022, the Franchise Group considered making a bid for the ownership of Kohl's which might result in the sale of the real estate that Kohl's owns to fund the acquisition by the Franchise Group. Kohl's ultimately withdrew from the deal after Franchise Group lowered their bid for the company after finding out that Kohl's had downgraded its outlook for the second fiscal quarter for the company as a result of "softer consumer spending amid decades-high inflation".

Despite declining sales of furniture and home goods (the 6.3% decline in February 2024 was the 12th consecutive quarter of decline) Kohl's is enlarging its home assortment by 40% in March 2024. In 2024, Kohl's struck a deal with Babies R Us to add baby supplies, furniture, Graco, Carter's, Fisher-Price and other brands. Tom Kingsbury was CEO from 2022 to early 2025, replacing Michelle Gass. As of November 2025, Michael Bender is chairman and CEO of Kohl's. Bender became interim CEO in May following the firing of Ashley Buchanan, who was CEO for less than five months before being dismissed for unethical conduct.

From Wikipedia’s article on Kohl's, shared under CC BY-SA 4.0.8

Leadership

Who has led Kohl's, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (49)

Products and brands

Kohl's store brands include diffusion lines from high-end designers such as Dana Buchman, Vera Wang, Narciso Rodriguez, and Peter Som. Celebrities such as Avril Lavigne, Lauren Conrad, Daisy Fuentes, Paula DeAnda, Jennifer Lopez, Britney Spears, Marc Anthony, and Tony Hawk have sold branded clothing exclusively through Kohl's.

Kohl's private label brands generate nearly half of the firm's $19 billion in annual sales. These include in-house clothing brands such as American Beauty, Apt. 9, Croft & Barrow, Jumping Beans, So, Tek Gear, and Urban Pipeline. The Sonoma Goods for Life brand of apparel and home goods alone is worth over a billion dollars, and Kohl's announced relaunch plans for the brand in 2016. Kohl's has also purchased the exclusive retail rights to existing brands such as Candie's and Mudd Jeans.

In 2021, Kohl's made a deal with makeup retailer Sephora to have certain Kohl's locations have Sephora stores inside of the stores. This was a move to replace their in-house beauty selection. In 2024, Haus Labs by Lady Gaga announced that they had joined the Sephora at Kohl’s assortment. Kohl's uses a "racetrack" layout with a single aisle that circles the entire store, a layout borrowed from discount stores.

From Wikipedia’s article on Kohl's, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Also owns

  • Croft & Barrow

From Wikidata.1

Former names

  • KOHLS CORPORATIONApr 4, 1995 to Dec 9, 20107

Timeline

  1. May 16, 2025New chief executive Michael J. Bender becomes CEO20
  2. Jan 16, 2025New chief executive Ashley Buchanan becomes CEO19
  3. Dec 23, 2022New chief executive Thomas Kingsbury becomes CEO21
  4. Sep 27, 2017New chief executive Michelle Gass becomes CEO22
  5. Sep 16, 2008New chief executive Kevin Mansell becomes CEO23
  6. Feb 9, 2006New chief executive R. Lawrence Montgomery becomes CEO24
  7. 1962Founded Founded in Milwaukee1

Filings

766 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 85 major events, 510 insider forms, 29 large holders, 122 other. The latest 20:

  1. Oct 15, 2026144 EDGAR
  2. Oct 15, 2026144 EDGAR
  3. Oct 15, 20264 PRIMARY DOCUMENT EDGAR
  4. Oct 13, 2026144 EDGAR
  5. Oct 13, 2026144 EDGAR
  6. Oct 8, 20263 PRIMARY DOCUMENT EDGAR
  7. Oct 8, 2026SCHEDULE 13G EDGAR
  8. Sep 25, 20264 PRIMARY DOCUMENT EDGAR
  9. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  10. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  11. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  12. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  13. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  14. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  15. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  16. Sep 17, 20263/A PRIMARY DOCUMENT EDGAR
  17. Sep 16, 20264 PRIMARY DOCUMENT EDGAR
  18. Sep 10, 20263 PRIMARY DOCUMENT EDGAR
  19. Sep 3, 202610-Q EDGAR
  20. Sep 2, 20263 PRIMARY DOCUMENT EDGAR

The 766 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 29 such filings since October 2021, the latest 10:

  1. Oct 8, 2026SCHEDULE 13G
  2. Aug 14, 2026SCHEDULE 13G/A
  3. Jul 14, 2026SCHEDULE 13G/A
  4. May 1, 2026SCHEDULE 13G
  5. Apr 29, 2026SCHEDULE 13G
  6. Apr 9, 2026SCHEDULE 13G
  7. Mar 27, 2026SCHEDULE 13G/A
  8. Feb 12, 2026SCHEDULE 13G/A
  9. Nov 10, 2025SCHEDULE 13G
  10. Apr 15, 2025SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.20,942,283$371.1M0.0%+1,711,778
Vanguard Portfolio Management LLC7,309,665$129.5M0.0%+259,525
American Century Companies Inc6,227,914$110.4M0.0%+406,588
Dimensional Fund Advisors LP5,576,517$98.8M0.0%−765,823
State Street Corp5,077,940$90.0M0.0%+206,066
Goldman Sachs Group Inc4,848,343$85.9M0.0%+263,914
Vanguard Capital Management LLC4,781,687$84.7M0.0%+37,650
Allianz Asset Management GmbH4,235,964$69.8M0.1%+647,217
Morgan Stanley3,492,373$61.9M0.0%−190,917
Geode Capital Management, LLC2,997,643$53.1M0.0%−131,660
Jane Street Group, LLC2,694,245$47.7M0.0%+628,099
Invesco Ltd.2,624,774$46.5M0.0%+277,630
Charles Schwab Investment Management Inc2,441,317$43.3M0.0%−356,984
Citadel Advisors LLC2,146,020$38.0M0.0%+1,763,594
Freestone Grove Partners LP1,630,519$28.9M0.2%−273,564
Northern Trust Corp1,597,126$28.3M0.0%+205,194
Commonwealth Equity Services, LLC1,385,825$24.6M0.0%+83,704
Nuveen, LLC1,323,805$23.5M0.0%+960,155
Bank Of America Corp /de/1,312,875$23.3M0.0%+125,766
Hancock Whitney Corp1,113,204$19.7M0.3%−43,500
Bank of New York Mellon Corp1,060,203$18.8M0.0%+7,846
Connor, Clark & Lunn Investment Management Ltd.1,005,776$17.8M0.0%+247,787
Citigroup Inc970,998$17.2M0.0%+551,017
Barclays PLC916,494$16.2M0.0%+785,874
Millennium Management LLC906,647$16.1M0.0%−46,821

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Apr 2, 2020Dean Phillips, HouseSale$1,001 - $15,000+115.1%Report
Feb 28, 2020Dean Phillips, HouseBuy$1,001 - $15,000−203.3%Report
Jan 13, 2020Pat Roberts, SenateSale$1,001 - $15,000+186.9%Report
Dec 6, 2019Gilbert Ray Cisneros, Jr.Democratic, HouseSale$1,001 - $15,000+197.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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