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Kohl’s Gift Card

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Kohls Corporation (NYSE KSS) is an American department store chain headquartered in Menomonee Falls, Wisconsin, a suburb of Milwaukee, Wisconsin. The company currently operates 1,067 stores in 49 states. Kohls mission, as stated in store and online, is to be the leading value-oriented, family-focused, specialty department store. Based on 2008 revenue, Kohls was the 24th-largest retailer in the United States. The company entered the SP 500 list in 1998 and is also listed in the Fortune 500 (135 in 2010). Max Kohl, who had previously operated traditional grocery stores, built his first Kohls supermarket in 1946, the first in what would become a southeastern Wisconsin chain known as Kohls Food Stores. In 1962, he started his first department store, Kohls Department Store, in Brookfield, Wisconsin. He positioned Kohls 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 Companys (parent of U.S. subsidiary Brown Williamson Tobacco Co.) U.S. retail division, BATUS Inc., bought a controlling interest in Kohls Corp., which at the time operated 50 grocery stores, six department stores, three drug stores and three liquor stores. The Kohl family, led by Allen and Herb Kohl, continued to manage the company. The family left the management in 1979, and Herb Kohl became a United States Senator and owner of the Milwaukee Bucks. The firm then expanded Kohls presence from 10 to 39 stores in Wisconsin, Illinois and Indiana. The grocery stores were sold to AP in 1983, operating under the name Kohls Food Store. In February of 2003, AP put the Kohls Food Stores up for sale, as part of an effort to reduce debt. In June of 2003, AP announced their plans to close all Kohls Food Stores and administrative offices. By the end of 2003, all Kohls Food Stores locations were closed.

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