Kohls

In: Business and Management

Submitted By ohioshicks
Words 676
Pages 3
Kohl’s Pricing and Retail Strategy Kohl’s opened their first department store in 1962 Brookfield, Wisconsin a spinoff of the Kohl’s Grocery chain which was founded in Milwaukee, Wisconsin in the late 1920s. Kohl’s has grown to over 730 stores in 41 states. (Reference for Business, 2005)
Retail Strategy
Kohl’s operates as a discount department store offering name brand products with discounted pricing. Targeting middle income families, Kohl’s retail stores average 86,500 square feet in size and are located in shopping malls as well as freestanding marketplaces. The retailer also has an online presence at Kohls.com. (Reference for Business, 2005) Kohl’s uses a variety of different venues to advertise and promote its products including magazines, newspapers, direct mail, e-commerce, internet, Kohl’s App as well as mobile coupons can be texted to a smartphone. Kohl’s also offers a credit card providing additional in store as well as online savings. Kohl’s offers a “Kohl’s cash” rebate with every purchase in the store. Kohl’s cash is an in store cash incentive for the consumer to return on another date to the store. With every 50.00 spent at the department store the consumer receives a 10.00 that can be redeemed at a future date on additional purchases. (Kohl’s 2014)
Pricing Strategy Kohl’s achieves discount pricing with limited staffing, centralized buying and distribution passing on their savings on to the consumer. Shoppers at Kohl’s expect to get a discount, as every product offering is presented at a would-be discount. Kohl’s pricing strategy is somewhat a mix of an everyday low price strategy and a high/low strategy. This mix of strategies has come under fire by consumer watch dog groups.
All products offered at Kohl’s are presented with a reference price. The reference price is listed on all products and a pricing chart is located at the…...

Similar Documents

The Values Americans Live by - Kohls

...L. Robert Kohls, Executive Director for The Washington International Center discusses the American cultural values and how they may be seen through the eyes of international visitors. In his article he provides a list of thirteen ingrained values that most, if not all Americans have and share. He also explains how American actions through these values are very strange and unsettling in comparison to foreigner’s values. He calls these values “The Values Americans Live By” a list of thirteen values that explain how Americans act and what they deem as important to American society. He tries to explain this in a way that will assist international visitors understand the nature of American culture and how it may differ from theirs. He begins to explain that Americans cannot put their finger on their own values and are not able to identify what they believe as a whole. He also explains that the list is viewed by Americans as positive meaning that all the values listed are looked on as very favorable and advantageous to its culture. The list starts with how man has the right and should control nature and uses the example of space travel and landing on the moon. He explains that Americans do not rely on fate and will go so far as to criticize and demean people that do. Americans at all costs will do whatever it takes to control nature. Change is the next on the list and is inevitably a good thing that brings progression, advancement, and evolution. He suggests that......

Words: 1147 - Pages: 5

Kohls Manager

...UNIX/Linux versus Mac versus Windows Rough Draft Annette Freshwater, POS355 November 4, 2013 Alicia Pearlman UNIX/Linux versus Mac versus Windows Final In today’s world of technology creation, development, and enhancement there are key factors to take into consideration. The choice of operating systems can determine the software and hardware utilized, the applications of the devices or programs, and determines the demographic, which will use the products. However the ever-changing field of technology has become more user-friendly, compatible, and more accepted in main stream than before. The main operating systems employed today are as follows: UNIX/Linux, Mac, and Windows. We will explore the various aspects of key components in these operating systems, memory, process, and file management along with the security of each system. The comparison of each system will determine the operating system best suited for the needs of our creations, projects, and improvements to the technology of the past, present, and future. MEMORY MANAGEMENT Memory management in multiprocessor systems is essential in executing several processes simultaneously. The multitasking of a system aids the user in accomplishing his or her task more efficiently than with a single processor system, which is important in the current climate of today’s multifaceted mix of professional and personal world. Why choose UNIX/Linux, Mac, or Windows to develop a device, product, or program? The...

Words: 2557 - Pages: 11

Kohls Article

...Reviewer Name: Scott Goss Article Title: Coming Back to Kohl’s Article Author: Lawrence C. Strauss Article Publication Date: Saturday, October 26, 2013 Article Source: Barron’s URL: http://online.barrons.com/article/SB50001424053111904897104579149563981361616.html?mod=BOL_da_popemail#articleTabs_article%3D1 Article Summary (200 – 300 words): The article “Coming Back to Kohl’s” describes how strong efforts from management could lead to a 20% rise over the next year for the company’s shares. Management has taken steps in improving inventory levels and merchandising. Improvements in the form of merchandise assortment, private-label programs, and e-commerce are expected to create modest revenue growth and higher pretax margins. Recent management decisions have been made to support the possible 20% rise beginning with the retailer’s shareholder-friendly capital-allocation policies. As of 2010, management has reduced market capitalization by 30%, buying back nearly $4.6 billion worth of shares. Currently, the stock yields 2.6% and in 2011 issued dividends which have grown steadily to $1.40 a share. Misjudging demand has been a problem for Kohl’s since the beginning. Management has put an emphasis on solving this issue and has already seen signs of success. In the August quarter alone results have shown a 6% rise in inventories. In May, there was an announcement made that the company would be hiring Michelle Gass, a former Starbucks executive who......

Words: 594 - Pages: 3

Evaluation of Kohl's

...In 1946 Maxwell Kohl opened his first store in southeastern Milwaukee, it was a grocery store called Kohl’s Food Store. Mister Kohl was very successful but was not content selling groceries, so he kept adding to his inventory. In 1962 Maxwell Kohl opened his first department store in Brookfield, Wisconsin. Today Kohl’s Department store has 1,158 stores in 49 states. Kevin Mansell, current Chairman, President and Chief Executive Officer (CEO) states in the Kohl’s new associate hand book that Kohl’s builds their great company around the associates. Associates bring their talents, skill and leadership to build the foundation of the company. Kohl’s accomplishes this with a clear core value, teamwork and consistent focus on the costumer. “Expect great things; every customer, every store, every time” is Kohl’s focused goal. Kohl’s mission statement is; To be the leading family-focused, value-oriented, specialty department store offering quality exclusive and national brand merchandise to the customer in an environment that is convenient, friendly and exciting. (Associate Handbook, pg.2) Kohl’s core value is based on the word Values: V – Very result oriented A – Acts with integrity L – Leverages teams and partnerships U – Uses an informed approach E – Engaged, prepared and focused S – Strives to develop self and others The six core values are the heart of each associate and are the DNA of Kohl’s. Kohl’s favors a duty-based ethical system for their associates. The ethical......

Words: 976 - Pages: 4

Jcpenny vs. Kohl

...While some of the department stores covered by this Survey beat our same-store sales estimates for the first half of 2011, some lagged behind. (For details, see the “Same-Store Sales of Selected Department Stores and Discounters” table on the previous page.) Most of the moderate-price department stores such as J.C. Penney and Kohl’s fell behind expectations. On the other hand, discounters such as Dollar Tree Stores and Dollar General reported relatively strong gains in the first and second quarters of 2011. The better department stores such as Saks and Nordstrom have been able to attract upper-income households with limited sales promotions, by offering convenience and a superior shopping experience. These stores are sticking to their core strategies: they are actively striving to come up with innovative marketing programs and customer services, and selling exclusive designer products. (Adams Media Research, 2012) [pic] J.C. Penney and Kohl’s both posted modest sales gains in the first and second quarters. While middle-income consumers are showing reasonable caution in their spending behavior, they’re willing to go slightly over budget when the merchandise is right. Overall, discounters exceeded our same-store sales expectations for the first half of 2011, reflecting stable consumer demand for everyday necessities. Among the big box discounters, we believe Target benefited from an expanded assortment of food and allied categories. We also think the......

Words: 1853 - Pages: 8

Manager

...of merchandise such as Wal-Mart and Target are good candidates to be analyzed with Costco as the premise of their business is essentially the same. Like Costco, both Target and Wal-Mart are in the business of buying and re-selling their merchandise and neither of them have invested a significant amount of resources into unique brands. However, Costco has invested significantly into their private label brand, Kirkland Signature and it will be interesting to see if this deviation from the typical buy-re-sell model also differentiates them from Target and Wal-Mart financially. In their 2013 Annual Report, Costco names Kohls and Amazon.com, in addition to Target and Wal-Mart, as two additional big competitors. Kohls and Amazon.com also operate under the buy re-sell model. Two weaknesses of these companies as competitors are their product range and common-size. Kohls does not offer the product range that is offered by large retailers such as Costco, Wal-Mart and Target. Amazon.com will be excluded from common-size analysis because near one-hundred percent of their sales are done online. 3. Business Strategy Analysis Costco provides cheap and huge diverse products for huge number of customers. Since the barriers of scale and capital requirement, the competitions of traditional market are from Wal-Mart, Target, Kohl’s, and those huge groups. Costco not only need run well in the red ocean to keeps the profit and market trend, but also cannot neglect the future threat from new......

Words: 3764 - Pages: 16

Financial Analysis

...Memo of Financial Analysis Sena Lopez ACC/291 December 9, 2014 Malinda Marsh INTERNAL MEMO TO: KOHL COMPANY FROM: SENA LOPEZ RE: FINDINGS FROM VERTICAL AND HORIZONTAL ANALYSIS DATE: 9TH DECEMBER 2014 I am writing to let you know the performance of the company (Kohl) as compared to its competitive company (J.C Penny) in the same industry. Horizontal analysis: This also known as a trend analysis is used to evaluate financial statements over a period. Its main purpose is to determine if an increase or decrease have occurred. Kohl’s current assets are less by 11.38% from $6370. The reported gross profit of kohl’s is ($7032) which is higher than a penny by 1.03%. The net sales of Kohl Company are $18391 which is higher than a penny by 3.56%. From the ratios trend, Kohl Company is in poor financial operation. Vertical analysis: This also known as the common-size analysis is used with the financial statement data in a percent base amount. Kohl Company has a low current ratio of 2.1 as compared to 2.4 of J.C Penny. The gross profit of Kohl Company is 38.2% which is lower by 1% as compared to J.C penny. The assets turnover of Kohl Company is slightly lower than that of J.C penny. In general Kohl, Company is performing poorly as compared to Penny Company. Liquidity ratios measure the ability of a company to meet the short – term obligations when they fall due. Short-term creditors such as bankers and suppliers are more interested in this information to access......

Words: 532 - Pages: 3

Rosa Parks and the 1955 Montgomery Bus Boycott

...Rights Act was passed, forbidding racial discrimination in schools, employment, hotels, public transportation, etc. Following the Civil Rights Act was the Voting Rights Act in 1965, which was instrumental in the expansion of black voters. There were many more events that helped shape the development of the civil rights movement and in the following information will discuss one in particular: The 1955 arrest of Rosa Parks and the Montgomery, Alabama bus boycott. Rosa Parks was born on February 4, 1913. She worked as a seamstress in a department store. She was also a dedicated civil rights activist. She was one of the first women to join the NAACP and worked as a secretary for E.D. Nixon, the vice president of the Montgomery NAACP chapter (Kohl, Rosa Parks, 15). She put a lot of effort into desegregating the schools of Alabama and was well known among the black leaders in Montgomery. On December 1, 1955, at the age of 42, Rosa Parks entered a bus after work and sat down in the “Colored” section of the bus as all black people did during these times. The law stated that once the “white” section of the bus was completely filled, all white people that were left standing were able to sit in the colored section and any black person would have to vacate the row of seats and choose a different seat further towards the back of the bus, seeing to it that a white person wouldn’t have to sit across from or next to a black person. Rosa Parks, along with three other black people, were......

Words: 1117 - Pages: 5

Kohls Jcpenney Complete

...is double and more than JC penny's EPS About current ratio Kohl's has enough assets to pay it's liabilities. about JC Penny's has it's ability nearly 5 times of it's liabilities. 39.2% Kohl's and JC penny's both have good enough gross profit margin. It's nearly same. 2.2% Kohl's have 6.1% rate of return. Finacial analysis is good of Kohl's shares rather than buying JC pennys shares 3.4 109 days Both companies have turnover more than 3, which is good. Inventories are sold out immediately. Kohl has got DIO of 98 days where as JC Penny has got 109, almost three time in a year #DIV/0! Both company's number we cannot calculate in numbers #DIV/0! Both company's number we cannot calculate in numbers 1.36 Khol's as well as JC penny's have a same ration almost. 3.0% Kohl's has got high rate of return which is 8.1 % Again a very good reason for investors to choose Kohl's shares rather than JCPenny's shares 58.1% Kohl has 40.3% debt ratio where as JCPenny has got 58.1%. 3.6 #DIV/0! One more reason of times-interest-earned ration of Kohl's has got 13.6 times interest earne ratio, which is almost thrice of JCPenny Both company's number we cannot calculate in numbers #DIV/0! Both company's number we cannot calculate in numbers $353 20 Cash flow for Kohl's is three time more than JCPenny Here a Price/earning ration of JC penny is more than Khol's. ...

Words: 594 - Pages: 3

Acct 504 Full Course Project

...com/ACCT%20504/acct-504-full-course-project Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://homeworkonestop.com/ACCT%20504/acct-504-full-course-project Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://homeworkonestop.com/ACCT%20504/acct-504-full-course-project Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://homeworkonestop.com/ACCT%20504/acct-504-full-course-project Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://homeworkonestop.com/ACCT%20504/acct-504-full-course-project Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://homeworkonestop.com/ACCT%20504/acct-504-full-course-project Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney......

Words: 920 - Pages: 4

Acct 504 Full Course Project

...com/ACCT%20504/acct-504-full-course-project Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://homeworkonestop.com/ACCT%20504/acct-504-full-course-project Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://homeworkonestop.com/ACCT%20504/acct-504-full-course-project Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://homeworkonestop.com/ACCT%20504/acct-504-full-course-project Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://homeworkonestop.com/ACCT%20504/acct-504-full-course-project Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://homeworkonestop.com/ACCT%20504/acct-504-full-course-project Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney......

Words: 1000 - Pages: 4

Acct 504 Full Course Project

...purchase this visit following link: http://www.activitymode.com/product/acct-504-full-course-project/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACCT 504 FULL COURSE PROJECT ACCT 504 Full Course Project ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle Activity mode aims to provide quality study notes and tutorials to the students of ACCT 504 Full Course Projectin order to ace their studies. ACCT 504 FULL COURSE PROJECT To purchase this visit following link: http://www.activitymode.com/product/acct-504-full-course-project/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACCT 504 FULL COURSE PROJECT ACCT 504 Full Course Project ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle Activity mode aims to provide quality study notes and tutorials to the students of ACCT 504 Full Course Projectin order to ace their studies. ACCT 504 FULL COURSE PROJECT To purchase this visit following link: http://www.activitymode.com/product/acct-504-full-course-project/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACCT 504 FULL COURSE PROJECT ACCT 504 Full Course Project ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle Activity mode aims to provide quality study notes and tutorials to the students of ACCT 504 Full Course Projectin order to ace their......

Words: 493 - Pages: 2

Acct 504 Full Course Project

...Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://sellfy.com/p/Py9V/ Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://sellfy.com/p/Py9V/ Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://sellfy.com/p/Py9V/ Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://sellfy.com/p/Py9V/ Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://sellfy.com/p/Py9V/ Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7 Course Project; Microsoft and Oracle ACCT 504 Full Course Project Purchase here http://sellfy.com/p/Py9V/ Product Description ACCT 504 Week 7 Course Project; Kohls Corp. & J.C. Penney Corporation ACCT 504 Week 7......

Words: 385 - Pages: 2

Kohls

...UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x|Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended January 29, 2011| or |Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition period from to | Commission File No. 1-11084 KOHL’?S CORPORATION (Exact name of registrant as specified in its charter) | | | WISCONSIN| |39-1630919| (State or other jurisdiction ofincorporation or organization)| |(I.R.S. Employer Identification No.)| | | N56 W17000 Ridgewood Drive,Menomonee Falls, Wisconsin| |53051| (Address of principal executive offices)| |(Zip Code)| Registrant’?s telephone number, including area code (262) 703-7000 Securities registered pursuant to Section 12(b) of the Act: | | | Title of each class| |Name of each exchange on which registered| Common Stock, $.01 Par Value| |New York Stock Exchange| Securities registered pursuant to Section 12(g) of the Act:| |NONE| Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes X No . Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No X . Indicate by check mark whether the registrant (1) has filed all reports required......

Words: 28424 - Pages: 114

Values for Americans

...United States, Kohls (1988) determined that there are 13 values that Americans live by and he discussed those in an article. Commentary on the List of Basic American Values 1. Personal Control over the Environment/Responsibility Americans believe they have control over nature and that this is part of their natural destiny and that there are few things man cannot achieve. Americans believe that everyone should look out for their own self-interests and not depend on others (Kohls, 1988). 2. Change Seen as Natural and Positive Kohls (1988) talks about the fact that many cultures view change as not always something positive. These cultures value stability, continuity, tradition, and a rich and ancient heritage (Kohls, 1988). 3. Time and Its Control Time is critically important to Americans. Time is the given and people are the variable. To people from other countries Americans may be a little obsessed about being on time, scheduling their time, and making the best use of their time (Kohls, 1988). 4. Equality/Fairness The general premise is that people should be treated as equals on most dimensions, although, in fact, equality is actually better described as an equal opportunity. This equality for everyone equal can be seen as rude to high ranking foreigners who are used to being treated deferentially. Foreigners should be aware of this and not be offended by what can be perceived as undue familiarity (Kohls, 1988). 5.......

Words: 1163 - Pages: 5