Q4 2015 FactBook.pdf

8/18/2019 Q4 2015 FactBook.pdf

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Fact Book

Fiscal 2015


2/23

Times have certainly changed since we opened our first store in Brookfield,

Wisconsin back in 1962. Today, Kohl’s operates more than 1,100 family-oriented

department stores and a website (www.Kohls. com). Our stores are stocked

with quality national and exclusive brands, offering everything our customers

need for themselves, their families and their homes.

Today, we live in a dynamic, fast-paced, changing environment that is driving

the way customers shop. Online shopping has become so much more than just

visiting a website. With mobile smartphones and tablets, our customers can shop

anywhere at any time. Kohl’s is consistently adapting its shopping experience

to provide the customer-centric, omni-channel strategy necessary to provide

a consistent, connected and personal shopping experience regardless of the

shopping platform used.

While a lot has changed over the past 50 years, some very important things have

not. We remain just as committed to our customers, our associates and to our

communities as we did when we opened our first store in 1962. Since our initial

public offering in 1992, we are also committed to delivering shareholder value.

Our purpose is clear – to inspire and empower families to lead fulfilled lives. As

we set out on our path forward, our Greatness Agenda, we are also committed

to our goal of becoming the most engaging retailer in America through our

five strategic pillars – ideas fundamental to the way we do business – amazing

product, incredible savings, easy experience, personalized connections and

winning teams.

At Kohl’s, we have a responsibility to our investment community to provide accurate,

timely and helpful information about our company. Whether you’re a prospective

investor or long-time shareholder, we hope that you will find this Fact Book a

valuable reference. We also routinely post information that may be important to

investors in the Investors section of our website at: www.Kohlscorporation.com.

We encourage you to consult that section of our website regularly.

Chairman, Chief Executive Officer,

and President

This Fact Book is intended to provide background information on Kohl’s Corporation. It should be read in conjunction with the company’s news releases and filings with the U.S. Securitiesand Exchange Commission (SEC). These are available on the SEC website at www.sec.gov, from commercial document retrieval services, and on our corporate website at www.Kohlscorporation.com. This Fact Book contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Kohl’s intends forward-looking terminology such as “believes,”“expects,” “may,” “will,” “should,” “anticipates,” “plans,” or similar expressions to identify forward-look ing statements. Such statements are subject to certain risks and uncertainties, which could causeKohl’s actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in Kohl’sAnnual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically b e described in Kohl’s filings withthe SEC. Forward-looking statements in this Fact Book will not b e updated so it is possible that such material is no longer current.

Legal Disclaimer

INVESTOR RELATIONS | N56 W17000 RIDGEWOOD DRIVE | MENOMONEE FALLS, WISCONSIN 53051 | 262.703.14402

WELCOME A MESSAGE FROM KEVIN MANSELL


3/23

About Kohls...........................................................................................4

Corporate Milestones.........................................................................6

Lifestyle Matrix ............. ............. .............. ............. .............. ............. ..... 7

Private & Exclusive Brands ..............................................................8

Real Estate ............................................................................................12

Financials.............................................................................................. 13

Capital Management ............. .............. ............. .............. ............. ..... 16

Social Awareness ...............................................................................17

Sustainability Program .............. ............. .............. ............. .............. 18

Executive Biographies ............ .............. ............. .............. ............. .. 20

Board of Directors .............................................................................21

Corporate Information ....................................................................22


TABLE OF CONTENTS


4/23

Our goal is to become the most engaging retailer in America through five strategic pillars: amazing product, incredible

savings, easy experience, personalized connections andwinning teams.

•We were founded in 1962 and remain headquartered in Menomonee Falls, Wisconsin – a suburb of Milwaukee.

•We operate more than 1,100 stores across 49 statesand generate annual sales in excess of $19 billion.

•We offer quality, national and exclusive brands for ourcustomers, their families and their homes. In additionto our powerful portfolio of only-at-Kohl’s brands,which includes well-known brands such as Simply VeraVera Wang, Jennifer Lopez and Food Network, we arethe #1 retailer in the U.S. of many national brands suchas Levi’s, Dockers and Columbia.

•We are focused on creating an easy, connectedomni-channel experience for our customers. One

of the cornerstones of this strategy is Kohls.com,which launched in 2001.

•Our success is driven by a winning team ofapproximately 140,000 associates who consistentlyput customers first, act with integrity, build greatteams and drive results.

Merchandise Mix

Brand Mix

Footwear 9%

Accessories 10%

Children’s 13%

Home 18%

Men’s 20%

Women’s 30%

Private& Exclusive 48%

National 52% Classic 34%

ModernClassic41%

Contemporary 25%


ABOUT KOHL’S


5/23

Amazing Product: Creating assortmentsthat excite our customers

Easy Experience: Designing simple, easyexperiences that inspirecustomers

Personalized Connections:Understanding ourcustomers deeply tobuild genuine, enduringrelationships

• Discover and launch products and categories in unexpected

ways that excite our customers.

• Lead in the Active categoryand be the destination forwellness lifestyles.

• Create unique assortments bystore to drive local relevancy.

• Be world class in digital.

• Create inviting and inspiringin-store experiences.

• Launch new formats anddistribution channels toincrease sales.

• Accelerate Personalization asa key competitive advantageacross all customerexperience touch points:Make it personal.

• Win new customers.

Incredible Savings: Helping every customerget even more fromevery dollar

• Elevate our value leadershipthrough insights-drivenpricing and promotionexcellence.

Winning Teams: Building teams ofengaged, talented,results-oriented people

who are empowered todeliver yes

• Be famous for engaging,developing and recognizinggreat teams.


THE GREATNESS AGENDA--Our pillar


6/23

1968 2015

962 After growing a small grocery store business into the larg-st supermarket chain in the Milwaukee area, Max Kohl opened the first

ohl’s Department Store in Brookfield, Wisconsin. Kohl’s was positioned

etween the higher-end department stores and the discounters, selling

verything from candy to engine oil to sporting equipment.

978 BATUS, Inc., the U.S. division of BAT Industries, (British American Tobacco) PLC, purchased an 80 percent stake in the Kohl’s Food

nd Department Stores and took complete control of the company. The Kohl

amily withdrew from the operations of the company.

983 BATUS, Inc. sold Kohl’s Food Stores to Great Atlantic andacific Tea Company (A&P). A&P closed the Kohl’s food stores in 2003.

986 A management-led group of investors formed Kohl’s Cor-oration and acquired Kohl’s Department Stores from BATUS, Inc. At that

me, there were 40 stores with annual sales of $300 million and over 5,000

Associates.

987 Over 80 percent of our merchandise carried national brandames recognized for quality – setting the company apart from massmerchandisers and discounters. The chain dropped

ow-volume, low-margin departments such as candy, sewing

otions and sporting goods in favor of higher-margin merchandise

uch as linens and jewelry.

988 We acquired 26 Main Street stores from Federated Depart-ment Stores, increasing our store count to 66 and enabling us to move

nto new markets in Michigan, Minneapolis/St. Paul and Chicago.

1992 We completed an initial public offering of 11.1 million shares,one of Wisconsin’s largest initial offerings.

1996 Our stock split two for one in April.

1998 Kohl’s joined the S&P 500. Our stock split two for one in April.

1999 Larry Montgomery was named Chief Executive Officer(CEO) replacing William Kellogg. Mr Kellogg retired at the end of fiscal

2000 after 34 years of service.

2000 Our stock split two for one in April.2001 The introduction of Kohls.com brought online shoppingto our customers, providing the added convenience of shopping from

home.

2008 Kevin Mansell was named President and CEO inAugust, and Chairman of the Board in September. Larry

Montgomery retired after 22 years with Kohl’s.

2010 We opened a second E-Commerce fulfillment centerto support the growth of our on-line business. We also rolled out

in-store kiosks to all stores.

2011 We paid our first quarterly dividend, $0.25 per share onMarch 30th and opened a third E-Commerce fulfillment center.

Our E-Commerce business exceeded $1 Billion in revenues.

2012 We celebrated our 50th year of operations and openedour fourth E-Commerce fulfillment center.

2014 We launched the Greatness Agenda to lay out our 3 yearplan to our associates and investors.

1975

1980

2000

2004

2015


CORPORATE MILESTONES


7/23

B

E S T

B E T T E R

G O O D

CLASSIC MODERN CLASSIC CONTEMPORARY % T O T A

20%

30%

50%

35%

40%

25%

% T O T A L

™


WE DELIVER A STRONG BRAND PORTFOL

AND SUPERIOR MERCHANDISING ASSORTMEN

THE LIFESTYLE MATR


8/23

Accessories Children’s Footwear Home Men’s Women’s

2005 2005 2006 2004 2004

1998

1988 1992 1988 1989

2008 2009 2008

2007 2007 2007 2007

1995 1994 1995 1995 1994 1994

2010 2000 2003 1999

2004 2004

™


PRIVATE BRAND LAUNCHES BY DATE

AND LINE OF BUSINESS


9/23

Accessories Children’s Footwear Home Men’s Women’s

2006 2005 2006 2006 2005

2006 2006 2006 2007 2005 2006

2009 2009 2009

2009 2009 2010 2007

2009 2008 2008 2008 2008

2007

2011 2011 2011 2011

2014 2014 2014 2014

2011 2011 2009

2011 2011

2009 2009 2009 2009

2012 2012 2012 2012 2012

2007 2007 2007 2007


EXCLUSIVE BRAND LAUNCHES BY DAT

AND LINE OF BUSINES


10/23

At the time of our initial public offering in 1992, we had 76 stores in the Midwest. In 2003, we opened 28 stores in California, giving us a

coast-to-coast presence for the first time in our history. In 2006, we expanded into the Northwest with 10 new stores in Oregon and

Washington. Between 2005 and 2008, we expanded our Southeast presence by opening 43 stores in Florida. Today, we operate

more than 1,100 stores in 49 states.

245

306

156

115

151

1164 Stores 49 States

Capital Investments

Over the past 7 years, our capital investments have shifted from building new stores to continuously improving our customers shopping

experience. Whether it’s new merchandise presentation and brand roll-outs, an improved check-out experience or an easier on-line

shopping experience, our investments are designed to provide an exciting, easy, personalized shopping experience.


KOHL’S IS A NATIONWIDE CONCEPT WITH STORE

CONVENIENTLY LOCATED ACROSS THE UNITED STATE


11/23

State StoresDistribution

CentersEmployees

Alabama 14 1,200

Alaska 1 100

Arizona 26 2,600

Arkansas 8 700

California 125 3 13,900

Colorado 24 2,700

Connecticut 22 2,500

Delaware 5 700

Florida 53 5,100

Georgia 35 1 3,900

Idaho 5 500

Illinois 67 1 8,100

Indiana 38 4,400

Iowa 18 1,700

Kansas 12 1,200

Kentucky 17 1,900

Louisiana 9 1,200

Maine 5 500

Maryland 23 1 2,500

Massachusetts 26 3,000

Michigan 45 5,200

Minnesota 26 3,100

Mississippi 5 400

Missouri 27 1 3,800

Montana 3 900

State StoresDistribution

CentersEmployees

Nebraska 7 800

Nevada 12 1,200

New Hampshire 10 1,000

New Jersey 38 5,200

New Mexico 5 500

New York 51 1 7,800

North Carolina 31 3,300

North Dakota 4 300

Ohio 58 2 8,600

Oklahoma 11 1,200

Oregon 11 900

Pennsylvania 50 6,100

Rhode Island 3 400

South Carolina 16 1,500

South Dakota 3 400

Tennessee 20 2,100

Texas 84 2 9,100

Utah 12 1,100

Vermont 1 100

Virginia 30 1 3,400

Washington 19 1,800

West Virginia 7 700

Wisconsin 40 10,500

Wyoming 2 200

Total 13 140,000

1164


KOHL’S STATE BY STATE


12/23

Stores by Ownership (#) Stores by Ownership (%)

Owned Leased Total Owned Leased Total

2011 403 724 1,127 36% 64% 100%

2012 407 739 1,146 36% 64% 100%

2013 412 746 1,158 35% 65% 100%

2014 413 749 1,162 36% 64% 100%

2015 414 750 1,164 36% 64% 100%

Number of Stores Q1 Q2 Q3 Q4

2011 1,097 1,097 1,127 1,127

2012 1,134 1,134 1,146 1,146

2013 1,155 1,155 1,158 1,158

2014 1,160 1,160 1,163 1,162 2015 1,164 1,164 1,166 1,164

Square Footage ( in Thousands )

Stores by Region

Gross Selling

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2011 96,380 96,380 98,463 98,463 80,597 80,597 82,223 82,223

2012 98,883 98,883 99,567 99,567 82,549 82,549 83,098 83,098

2013 100,107 100,107 100,275 100,275 83,536 83,536 83,671 83,671

2014 100,340 100,340 100,494 100,394 83,715 83,715 83,833 83,758

2015 100,507 100,507 100,619 100,427 83,849 83,849 83,942 83,784

Mid Atlantic Midwest Northeast South Central Southeast West Total

2011 110 300 147 143 183 244 1,127

2012 113 301 153 146 188 245 1,146

2013 115 306 155 148 189 245 1,158

2014 115 306 155 151 191 244 1,162

2015 115 306 156 151 191 245 1,164

Stores by Store Type Stores by Location

Prototype & Urban Small Total Strip Center Malls Freestanding Total

2011 992 135 1,127 764 83 280 1,127

2012 992 154 1,146 771 85 290 1,146

2013 993 165 1,158 777 85 296 1,158

2014 988 174 1,162 780 85 297 1,162

2015 986 178 1,164 782 85 297 1,164


REAL ESTAT


13/23


FINANCIALS


14/23

($ in Millions, except per share in

(a) Fiscal 2012 was a 53 week year. During the 53rd week, total sales were $169 million; selling, general and administrative expenses were approximately $30 million; interest wapproximately $2 million; net income was approximately $15 million and diluted earnings per share was approximately $0.06.

(b) Comparable sales growth is based on sales for stores (including relocated or remodeled stores) which were open throughout both the full current and prior year periods anE-Commerce. Fiscal 2012 excludes the 53rd week.(c) Net Sales per selling square foot is based on stores open for the full current period and omni-channel. 2012 excludes the impact of the 53rd week.(d) Average shareholders’ equity is based on a 5-quarter average.

Quarterly Operating Results Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014

Net sales $6,387 $4,427 $4,267 $4,123 $6,337

Net income $296 $120 $130 $127 $369

Diluted net income per share $1.58 $0.63 $0.66 $0.63 $1.83

Dividends per common share $0.45 $0.45 $0.45 $0.45 $0.39

Annual Operating Results 2015 2014 2013 2012(a) 2011

Statements of Operations Data:

Net sales $19,204 $19,023 $19,031 $19,279 $18,804

Cost of merchandise sold 12,265 12,098 12,087 12,289 11,625

Selling, general and administrative expenses 4,452 4,350 4,313 4,267 4,243

Depreciation and amortization 934 886 889 833 778

Operating income 1,553 1,689 1,742 1,890 2,158

Interest expense, net 327 340 338 329 299

Loss on extinguishment of debt 169 0 0 0 0

Income before income taxes 1,057 1,349 1,404 1,561 1,859

Provision for income taxes 384 482 515 575 692

Net income $673 $867 $889 $986 $1,167

Net income per share:

Basic $3.48 $4.28 $4.08 $4.19 $4.33

Diluted $3.46 $4.24 $4.05 $4.17 $4.30

Dividends per share $1.80 $1.56 $1.40 $1.28 $1.00

Operating and Other Data:

Net sales growth 1.0% 0.0% (1.3%) 2.5% 2.2%

Comparable sales growth (b) 0.7% (0.3%) (1.2%) 0.3% 0.5%

Net sales per selling square foot (c) $228 $226 $227 $231 $232

Gross margin as percentage of sales 36.1% 36.4% 36.5% 36.3% 38.2%

Operating income as a percentage of sales 8.1% 8.9% 9.2% 9.8% 11.5%

Return on average shareholders' equity (d) 11.8% 14.7% 14.8% 15.8% 16.4%

Cash Flows from Operations 1,474 2,024 1,884 1,265 2,139

Capital expenditures 690 682 643 785 927

Total square feet of selling space (in thousands) 83,810 83,750 83,671 83,098 82,226

Number of stores 1,164 1,162 1,158 1,146 1,127

Working capital $2,362 $2,721 $2,412 $2,061 $2,111

Total assets 13,606 14,333 14,228 13,761 14,021

Long-term debt 2,792 2,780 2,777 2,478 2,128

Capital lease and financing obligations 1,916 1,968 2,069 2,061 2,103

Shareholders' equity 5,491 5,991 5,978 6,048 6,508

Excluding loss on extinguishment of debt:

Net income $781 $867 $889 $986 $1,167

Diluted earnings per share $4.01 $4.24 $4.05 $4.17 $4.30

Return on average shareholders’ equity 13.5% 14.7% 14.8% 15.8% 16.4%


FINANCIAL


15/23

Comparable Sales include sales for stores (including relocated or remodeled

stores) which were open during both the current and prior year periods.

Comparable sales also include e-Commerce sales.

Quarter Year-to-Date

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Total Sales Dollars (in Millions)

2011 4,162 4,248 4,376 6,018 4,162 8,410 12,786 18,804

2012 4,243 4,205 4,490 6,342 4,243 8,447 12,937 19,279

2013 4,199 4,289 4,444 6,099 4,199 8,488 12,932 19,031

2014 4,070 4,242 4,374 6,337 4,070 8,312 12,686 19,023

2015 4,123 4,267 4,427 6,387 4,123 8,390 12,817 19,204

Total Sales Growth

2011 3.1% 3.6% 3.8% (0.3%) 3.1% 3.4% 3.5% 2.2%

2012 1.9% (1.0%) 2.6% 5.4% 1.9% 0.4% 1.2% 2.5%

2013 (1.0%) 2.0% (1.0%) (3.8%) (1.0%) 0.5% –% (1.3%)

2014 (3.1%) (1.1%) (1.6%) 3.9% (3.1%) (2.1%) (1.9%) 0.0%

2015 1.3% 0.6% 1.2% 0.8% 1.3% 0.9% 1.0% 1.0%

Comparable Store Sales Growth

2011 1.3% 1.9% 2.1% ( 2.1%) 1.3% 1.6% 1.7% (0.5%)

2012 0.2% (2.7%) 1.1% 1.9% 0.2% (1.3%) (0.5%) 0.3%

2013 (1.9%) 0.9% (1.6%) (2.0%) (1.9%) (0.5%) (0.9%) (1.2%)

2014 (3.4%) (1.3%) (1.8%) 3.7% (3.4%) (2.3%) (2.2%) (0.3%)

2015 1.4% 0.1% 1.0% 0.4% 1.4% 0.8% 0.8% 0.7%


FINANCIALS


16/23

Our disciplined approach to capital management has resulted in

a strong balance sheet and our ability to generate free cash flow –

which in turn allows us to return value to our shareholders through

both dividends and share repurchases.

Dividends

We paid our first quarterly dividend in February 2011. This dividend

has increased each year – from 25 cents per common share in 2011,

to 32 cents in 2012, to 35 cents in 2013, to 39 cents in 2014, to 45

cents in 2015, and most recently to 50 cents in 2016.

Share Repurchases

We also have an active share repurchase plan. Since 2006, we have

repurchased almost 50% of our outstanding stock – over 180 million

shares at a cost of almost $10 billion dollars.

Return on Gross Investment (“ROI”)* is calculated as

earnings before interest, taxes, depreciation, amortization and rent

divided by average gross investment. We believe that ROI measures

how effectively we utilize our assets, excluding cash equivalents and

long-term investments, to generate earnings.

Adjusted Debt to EBITDAR* is calculated as our adjusted

outstanding debt balance divided by earnings before interest, taxes,

depreciation and amortization and rent. Our current goals are to

maintain an adjusted debt to EBITDAR ratio of approximately 2.25,

to manage debt levels to maintain a BBB+ investment-grade credit

rating and to operate with an efficient capital structure for our size,

growth plans and industry.

Capital Returned to Shareholders (in Millions)

* For additional details regarding how we calculate these non-GAAP financial measures, see our Annual Report on Form 10-K.

2011 2012 2013

$1,001

$1,350

$2,311

$271

$1,293

$300

$2,582

$1,593

Share Repurchases Dividends

2014

$799

$302

$1,101

2011 2012 2013 2014

14.5%

18.8%

16.8% 15.5%

ROI

Debt to EBITDAR

2012 2013 2014

2.23

2.42 2.45

2015

15.2%

2015

2.52

1.99

2011

$677

$317

$994

2015

$302

$349


CAPITAL MANAGEMEN


17/23


SOCIAL AWARENESS


18/23

LEARN MORE ABOUT KOHL’S SUSTAINABILITY PROGRAMS AT WWW.KOHLSGREENSCENE.COM

At Kohl’s, we are committed to protecting and conserving the environment

by seeking innovative solutions that encourage long-term sustainability.

From large-scale initiatives like constructing environmentally friendly

buildings, to everyday practices like recycling hangers, we’re taking steps

– both big and small – to ensure we leave a smaller footprint.

Sustainable Operations

We have always been committed to responsible business practices. With

simple actions such as recycling or turning off the lights, we’ve kept

efficiency at the forefront of our business model and, in 2006, we created

a formal program with sustainable operations as the foundation. From energy

efficiency to smart building design, our belief in continuous improvement

keeps us setting new goals and exploring innovative opportunities.

•Energy and Carbon Reduction - In order to ensure efficiency and

conservation, we carefully manage the energy used to light, heat and cool

our stores and corporate buildings. By monitoring energy consumption,

leveraging technology and maintaining valuable partnerships, we

continue to reduce our energy footprint and drive bottom-line savings.

•Waste Stream Reduction - We joined the EPA WasteWise program in

2006 to formally measure and report our commitment to waste reduction

and recycling. As our business grows, it’s our responsibility to develop

innovative ways to prevent waste from entering our stream and to

conserve materials where possible. Our recycling programs and waste

avoidance strategies support our commitment to resource conservation.

Additionally, our established partnerships help support our road to more

responsible recycling practices. As a result, we recycle approximately

150,000 tons of material each year.

•Building Design - We use the U.S. Green Building Council’s (USGBC)

Leadership in Energy & Environmental Design (LEED) rating system to

guide best practices in the design, construction and operations of our

stores and corporate facilities. LEED is a nationally recognized benchmark

for high-performing green buildings. We focus on three LEED ratingsystems: LEED for New Construction, LEED for Existing Buildings:

Operations & Maintenance and LEED for Commercial Interiors. To be

LEED-certified, a building must meet criteria set by the USGBC. LEED

certified buildings conserve natural resources, reduce operating costs

and minimize strain on local infrastructures.

432

Sustainable Supply Chain

Our responsibility and commitment to sustainable operations extends

beyond our “four walls” to the external partners in our supply chain.

However, our goal is to first achieve leadership in sustainability in our

own operations before asking the same of others. As we continue to learn

more about supply chain sustainability, we improve on best practices and

overall efficiency.

• Merchandise Vendors - Our commitment to supply chain sustain-

ability with our vendors expanded in 2013. Merchandise sustainabil-

ity now includes analysis of our 325 national brand vendors and 74

private brand vendors.

• Non-Merchandise Vendors - Sustainability engagement was

expanded to include key non-merchandise vendors in 2012, such as

vendors in transportation and consumable areas. The goal of these

initial assessments was to open dialogue with our partners and to

obtain a relative ranking in terms of sustainability performance.

Simply asking the question about sustainable operation practices

is the catalyst to change.

• Key Partnerships - As stewards of sustainable operations, we seek

new partnerships to promote long-term sustainability. We are a

founding member of the Sustainable Apparel Coalition, an active

member of the Business for Social Responsibility group and partner

to the EPA’s SmartWay Program. Through these key partnerships we

can effectively promote environmental responsibility within our own

operations as well within those along our supply chain.


SUSTAINABILITY PROGRAMS


19/23

Responsible Sourcing

Kohl’s holds all of our vendor partners to our terms of engagement for

Kohl’s business partners (our policy). Our policy is designed to protectthe interest of workers engaged in the manufacturing of merchandise

procured for Kohl’s, and we select vendor partners who we believe

share our commitment to the fair and ethical treatment of employees.

Our compliance philosophy focuses on taking corrective action onidentified issues and continuous improvement.

Stakeholder Engagement

We have a responsibility to engage our Associates and customers

and encourage each to consider the environment in everyday choices.

We champion partnerships with leaders in sustainability. Our relation-

ship with these core groups is vital to the success of our sustainability

operations, as well as that of our overall business.

•Associates - At Kohl’s, we engage our Associates to think about envi-

ronmental responsibility on a personal level. Through initiatives such as

the Drinking Water Responsibly program, green education classes and

corporate vegetable gardens, we encourage our Associates to share

our passion for environmental sustainability and apply what they have

learned to their everyday choices.

•Partnerships - We value both local and national partnerships with

fellow advocates and leaders in environmental sustainability. Through

these partnerships we identify opportunities within our own opera-

tions that we can, in turn, share with our stakeholders and along our

supply chain.

•Customers - We are committed to affecting positive change in our

communities, from how we responsibly operate our facilities to how

we engage our customers. We encourage our customers to take part

in our environmental sustainability conversation through sharing our

milestones and successes and by providing accessible communication

avenues. In offering reusable shopping bags and the option to recycle

any plastic shopping bag, we challenge our customers to think about

the effect of their personal choices on the world around them.


SUSTAINABILITY PROGRAM


20/23

KEVIN MANSELL

Chairman, Chief Executive Officer and President

Kevin Mansell, Chairman, Chief Executive Officer and President, is responsible for Kohl’s long term growth and profitability

along with strategic direction.

Mr. Mansell has held a number of progressive positions within the company. He joined Kohl’s in 1982 as a divisional

merchandise manager and was promoted to general merchandise manager in 1987. Over the next nine years, his

responsibilities expanded to include merchandise planning and allocation. Mansell was promoted to senior executive vice

president of merchandising and marketing in 1998. The following year, Mansell was named president and director. He was

promoted to Kohl’s CEO in 2008 and named Chairman of the Board in 2009. Mansell began his career in retail in 1975, joining

the Venture Store division of May Department Stores, where he held a variety of positions in buying and merchandising.

SONA CHAWLA

Chief Operating Officer

Sona Chawla, chief operating officer, is responsible for Kohl’s full omnichannel operations. She oversees all store operations,

logistics and supply chain network, information and digital technology, e-commerce strategy, planning and operations, and

store construction and design.

Chawla joined Kohl’s in November 2015. Prior to joining Kohl’s, Chawla spent seven years with Walgreens in a variety

of senior leadership roles including president of e-commerce. Most recently, Chawla was president of digital and chief

marketing officer. She has also held executive positions with Dell, Inc. and Wells Fargo’s Internet Services Group. Chawla

also worked at Andersen Consulting and Mitchell Madison Group.

MICHELLE GASS

Chief Merchandising and Customer Officer

Michelle Gass, chief merchandising and customer officer, is responsible for all of Kohl’s merchandising, planning and allocation,

and product development functions as well as the company’s overall customer engagement strategy, including marketing,

public relations, social media and philanthropic efforts.

Gass joined Kohl’s in 2013 as chief customer officer and was named chief merchandising and customer officer in 2015.

Prior to joining Kohl’s, Gass spent more than 16 years with Starbucks Corporation holding a variety of leadership roles across

marketing, global strategy and merchandising. In her most recent role, she served as president, Starbucks Europe, Middle East,

and Africa, overseeing and growing the company’s 1,900 owned and licensed store operations across the region.

WESLEY MCDONALD

Chief Financial Officer

Wesley McDonald, chief financial officer, oversees Kohl’s financial planning and analysis, investor relations, financial

reporting, accounting operations, tax, treasury, non-merchandise purchasing, credit, and capital investment strategies.

McDonald joined Kohl’s in 2003 as executive vice president, chief financial officer and was promoted to senior executive

vice president, chief financial officer in 2010. Over the last 13 years, he has been instrumental in leading Kohl’s financial

portfolio and delivering dividends to shareholders. He was promoted to the principal officer position of chief financial

officer in 2015. Prior to joining Kohl’s, McDonald, a 26-year retail industry veteran, was chief financial officer with

Abercrombie & Fitch and held leadership positions with Target Corporation.

RICHARD SCHEPP

Chief Administrative Officer

Richard Schepp, chief administrative officer, oversees Kohl’s human resources, legal, risk management and compliance,

real estate and business development functions.

Schepp joined Kohl’s in 2000 as senior vice president, general counsel/secretary. He was promoted to executive vice

president in 2001 and senior executive vice president in 2011. In 2013, he became senior excutive vice president, human

resources, general counsel/secretary. He was promoted to the principal officer position of chief administrative officer in

2015. Prior to joining Kohl’s, Schepp, a 23-year retail veteran, served as senior vice president, general counsel/secretary

for Shopko. He began his career as an attorney for Quarles & Brady, LLP.


EXECUTIVE BIOGRAPHIES


21/23


BOARD OF DIRECTOR

Kevin Mansell

Chairman, Chief Executive Officer and President

Kohl’s Corporation

Peter Boneparth (b)(c)

Former Senior Advisor

Irving Capital Partners

Former President and Chief Executive Officer

Jones Apparel Group

Steven A. Burd (b)(c)

Founder and Chief Executive Officer

Burd Health LLC

Former Chairman, Chief Executive Officer and President

Safeway Inc.

Dale E. Jones (b)(c)

Chief Executive Officer and President,

Diversified Search

Jonas Prising (c)

Chairman and Chief Executive Officer

ManpowerGroup

John E. Schlifske (a)(c)


Northwestern Mutual Life Insurance Company

Frank V. Sica (b*)(c)

Managing Partner

Tailwind Capital

Stephanie A. Streeter (a)(c*)

Former Chief Executive Officer and Director

Libbey, Inc

Nina G. Vaca (a)(c)


Pinnacle Technical Resources, Inc.

Stephen E. Watson (a*)(c)

Former President and Chief Executive Officer

Gander Mountain, L.L.C.

Former Chairman, Chief Executive Officer, and President

Department Store Division of Dayton-Hudson Corporation

(a) Audit Committee member

(b) Compensation Committee member

(c) Governance & Nominating Committee member

* Denotes Chair


22/23


CORPORATE INFORMATION

Exchange/Symbol

Kohl’s Corporation common stock is traded on the New York Stock Exchange under the symbol KSS.

Standard & PoorsKohl’s Corporation is an S&P Fortune 500 company.

SIC Code

5310

Independent Auditors

Ernst & Young LLP

Milwaukee, Wisconsin

Transfer Agent and Registrar

To change the name or address on stock certificates* contact:

Wells Fargo Shareowner Services

P.O. Box 64874

St. Paul, MN 55164-0856

Telephone: (800) 468-9716

*Kohl’s associates (current or former) should contact Human Resources to make changes to stock certificates

Corporate Headquarters

Kohl’s Department Stores

N56 W17000 Ridgewood Drive

Menomonee Falls, WI 53051

Phone: (262) 703-7000

Investor Information/Annual and Quarterly Reports

For quarterly earnings reports, our periodic filings with the SEC and other investor information,

please visit our Web site at www.KohlsCorporation.com or direct your inquiries to Investor Relations

Contacts

Investor Relations

Phone: (262) 703-1440

E-mail: [email protected]

Upcoming Events

For a listing of upcoming events, including earnings releases and our Annual Meeting of Shareholders,

please visit our Web site at www.KohlsCorporation.com

Media Relations

Phone: (262) 703-7000


23/23

Kohl’s Department Stores

N56 W17000 Ridgewood Drive

Menomonee Falls, WI 53051

Phone: (262) 703-7000

www.KohlsCorporation.com

Q4 2015 FactBook.pdf

Documents

Transcript of Q4 2015 FactBook.pdf