Kohl's Corporation
Company History
Kohl's History: Founding, Growth & Key Milestones
Founded 1962 in Milwaukee, United States
When was Kohl's founded?
Kohl's was founded in 1962 in Milwaukee, United States by Maxwell Kohl, making it 64 years old.
- Founded
- 1962
- Founding place
- Milwaukee, United States
- Founders
- Maxwell Kohl
- Headquarters today
- Menomonee Falls, Wisconsin
- Milestones documented
- 21 (1927–2026)
- Current CEO
- Michael Bender
- Acquisitions
- 1
| Year | Event |
|---|---|
| 1927 | Maxwell Kohl Opens First Grocery Store |
| 1946 | First Supermarket with Bakery and Deli |
| 1962 | First Kohl's Department Store Opens in Brookfield, Wisconsin |
| 1972 | British American Tobacco Acquires Controlling Interest |
| 1979 | BATUS Inc. Acquires Full Ownership |
| 1986 | Management Buyout from British American Tobacco |
| 1988 | Acquisition of Federated's Main Street Stores |
| 1992 | Initial Public Offering on NYSE |
| 1998 | Addition to S&P 500 Index |
| 2001 | Launch of Kohls.com E-Commerce Platform |
| 2003 | Coast-to-Coast Expansion with California Stores |
| 2012 | Surpasses JCPenney as Largest Department Store Chain |
| 2019 | Amazon Returns Partnership Launches Nationwide |
| 2020 | Sephora Partnership Announced |
| 2022 | Activist Investor Pressure and CEO Transition |
| 2023 | Tom Kingsbury Becomes Permanent CEO; Sephora Reaches 850 Stores |
| 2024 | Sephora Sales Exceed $1.4 Billion; Babies 'R' Us Partnership Announced |
| 2025 | Ashley Buchanan Fired for Cause; Michael Bender Takes Over |
| 2025 | FY2025 Financial Results and Debt Refinancing |
| 2025 | FY2025 Total Revenue Reaches $15.527 Billion |
| 2026 | Q2 2026 Results Show Slowing Declines; Buybacks Restart |
- Where was Kohl's founded?
- Kohl's was founded in Milwaukee, United States in 1962. wikidata.org
- Who founded Kohl's?
- Kohl's was founded by Maxwell Kohl.
- When did Kohl's start?
- Kohl's was founded in 1962.
- How old is Kohl's?
- Kohl's is 64 years old as of 2026.
Founding Story
Maxwell Kohl, a Polish immigrant, opened a Milwaukee corner grocery in 1927 and built it into a leading local supermarket chain. In 1962 he opened the first Kohl's department store in Brookfield, Wisconsin, next to one of his supermarkets. He used grocery-style efficiency to offer better quality than discounters at lower prices than traditional department stores.
Founders
Maxwell Kohl
Kohl's possesses a pragmatic, Midwestern founding story, rooted in the economic expansion of post-war suburbia and the ambitious vision of a Polish immigrant family heavily focused on the grocery business before ever selling a single piece of clothing. The company's foundational origins trace back to 1927 in Milwaukee, Wisconsin. Maxwell Kohl, an ambitious Polish immigrant, opened a successful traditional grocery store. He possessed a foundational obsession with high-quality customer service and pristine store conditions. In 1946, he launched Kohl's Food Stores, which became the dominant, supermarket chain in the Milwaukee area. The defining corporate pivot into department stores occurred in 1962. Maxwell Kohl recognized a lucrative demographic shift: the explosion of the American middle class moving into the suburbs. He realized these busy suburban families wanted a convenient store that sold everything from hardware to clothing, without the formal, intimidating atmosphere of traditional downtown department stores (like Gimbels or Marshall Field's). He opened the very first Kohl's Department Store in Brookfield, Wisconsin. The foundational key move was heavily positioning the store exactly between expensive, premium department stores and cheap discount retailers. In 1972, the British American Tobacco Company acquired a controlling interest in the company, eventually spinning off the department store division to a group of investors (led by management) in 1986. This aggressive management team took the company public in 1992, abandoning the legacy grocery business to roll out Maxwell Kohl's successful 'suburban convenience' department store model across the entire United States. Maxwell Kohl was born in 1901.
Key Milestones
Maxwell Kohl Opens First Grocery Store
Maxwell Kohl, a Polish immigrant working in Milwaukee factories, opened a corner grocery store at Lincoln Avenue and Kinnickinnic Avenue using his savings. This was the beginning of a retail empire that would eventually include 48 supermarkets.
Source: en.wikipedia.orgFirst Supermarket with Bakery and Deli
Kohl opened the first supermarket in Milwaukee's Sherman Park neighborhood to feature then-novel services like an in-store bakery and deli, innovations that would later influence his department store concept.
Source: en.wikipedia.orgFirst Kohl's Department Store Opens in Brookfield, Wisconsin
Based on his dissatisfying experience buying a shirt, Maxwell Kohl opened the first Kohl's department store in conjunction with a supermarket in Brookfield, Wisconsin. He applied supermarket efficiencies to department store retail, offering lower prices than high-end stores with higher quality than discounters.
Source: en.wikipedia.orgBritish American Tobacco Acquires Controlling Interest
The Kohl family sold a controlling interest in their retail enterprise to a subsidiary of British American Tobacco Company. By this point, the enterprise included 56 supermarkets, 6 department stores, 3 drug stores, and 3 liquor stores. The Kohl family continued managing the business.
Source: en.wikipedia.orgBATUS Inc. Acquires Full Ownership
British American Tobacco's subsidiary BATUS Inc. acquired full ownership of Kohl's Department Stores. Herb Kohl, Maxwell's son, resigned as president. He would later become an U.S. Senator from Wisconsin and owner of the Milwaukee Bucks.
Source: en.wikipedia.orgManagement Buyout from British American Tobacco
A group of management executives and investors led by William Kellogg purchased the 40-store Kohl's retail chain from British American Tobacco for approximately $300 million, setting the stage for national expansion.
Source: en.wikipedia.orgAcquisition of Federated's Main Street Stores
Kohl's acquired Federated Department Stores' Main Street chain, entering the Chicago, Detroit, and Minneapolis-St. Paul markets and expanding beyond its Midwest base for the first time.
Source: en.wikipedia.orgInitial Public Offering on NYSE
Kohl's went public on the New York Stock Exchange, pricing shares and raising capital for expansion. At the time, the company operated 76 stores in the Midwest. The IPO valued the company at approximately $600 million.
Source: en.wikipedia.orgAddition to S&P 500 Index
Kohl's was added to the S&P 500 index, recognizing its growth and market capitalization. The company had become a significant player in U.S. retail.
Source: en.wikipedia.orgLaunch of Kohls.com E-Commerce Platform
Kohl's launched its e-commerce website, Kohls.com, giving the company an online presence that has grown to represent 29% of net sales. The platform initially offered merchandise available in stores plus online-exclusive items.
Source: en.wikipedia.orgCoast-to-Coast Expansion with California Stores
Kohl's opened 28 stores in California, achieving a coast-to-coast presence for the first time in the company's history. This marked the completion of a national expansion strategy that began with the 1988 Main Street acquisition.
Source: en.wikipedia.orgSurpasses JCPenney as Largest Department Store Chain
In May 2012, Kohl's surpassed JCPenney to become the largest department store chain in the United States by store count. The company operated approximately 1,100 stores at the time.
Source: en.wikipedia.orgAmazon Returns Partnership Launches Nationwide
Kohl's expanded its Amazon returns partnership to all 1,100+ stores nationwide, allowing customers to return Amazon packages unpackaged and free of charge. Then-CEO Michelle Gass called it the 'single biggest initiative of the year.' The company later claimed 2 million new customers from the partnership.
Source: en.wikipedia.orgSephora Partnership Announced
Kohl's announced a long-term strategic partnership with Sephora to open shop-in-shop beauty destinations in Kohl's stores. The first 200 locations opened in Fall 2021, with plans to expand to at least 850 stores by 2023. Sephora became the exclusive beauty partner on Kohls.com.
Source: en.wikipedia.orgActivist Investor Pressure and CEO Transition
Activist investors including Macellum Capital Management pressured Kohl's board, nominating 10 directors and pushing for real estate monetization. The company adopted a poison pill defense. In November 2022, then-CEO Michelle Gass announced her departure to become president of Levi Strauss. Tom Kingsbury, former Burlington Stores CEO, was appointed interim CEO.
Source: en.wikipedia.orgTom Kingsbury Becomes Permanent CEO; Sephora Reaches 850 Stores
In February 2023, Tom Kingsbury was named permanent CEO. The Sephora rollout continued, reaching 850 stores by year-end. The company also laid off approximately 60 marketing and merchandising employees at corporate headquarters to 'drive greater efficiency.'
Source: en.wikipedia.orgSephora Sales Exceed $1.4 Billion; Babies 'R' Us Partnership Announced
Sephora at Kohl's sales exceeded $1.4 billion in 2023, up over 90% year-over-year. The company announced a partnership with WHP Global's Babies 'R' Us to open shop-in-shop baby gear sections in approximately 200 stores. Store comparable sales were flat for the year, the best performance since 2010.
Source: en.wikipedia.orgAshley Buchanan Fired for Cause; Michael Bender Takes Over
In May 2025, then-CEO Ashley Buchanan was fired for cause after an investigation found he directed the company to engage in vendor transactions involving undisclosed conflicts of interest with a former romantic partner. Board member Michael Bender was appointed interim CEO and named permanent CEO in November 2025. The company also began testing discontinuation of Amazon returns at select stores.
Source: en.wikipedia.orgFY2025 Financial Results and Debt Refinancing
Kohl's reported FY2025 net sales of $14.78 billion (down 4.0%), total revenue of $15.527 billion, net income of $272 million (including a $129 million lawsuit gain), and adjusted net income of $186 million. The company issued $360 million in 10.000% senior secured notes due 2030 and repaid $353 million in maturing 4.25% notes. Sephora was present in over 1,100 stores.
Source: en.wikipedia.orgFY2025 Total Revenue Reaches $15.527 Billion
Kohl's reported $15.527 billion in FY2025 total revenue, $14.775 billion in net sales, $624 million in operating income, $272 million in net income, 1,153 stores, and an average of about 84,000 associates.
Source: sec.govQ2 2026 Results Show Slowing Declines; Buybacks Restart
For the quarter ended August 1, 2026, net sales fell 0.9% to $3.3 billion, gross margin rose 305 basis points to 43.0%, and net income was $151 million. Kohl's raised its FY2026 outlook and restarted share repurchases.
Source: investors.kohls.comMajor Acquisitions
Federated's Main Street Stores
1988Entry into the Chicago, Detroit and Minneapolis-St. Paul markets, Kohl's first major expansion outside Wisconsin.
Keep researching Kohl's
Kohl's Company History FAQ
When and where was the first Kohl's Department Store opened?
The first Kohl's Department Store was opened on September 12, 1962, in Brookfield, Wisconsin, by Maxwell Kohl, expanding on his family's successful Milwaukee supermarket business to offer quality branded family clothing and home goods.
When did the management team execute a buyout and take Kohl's public on the NYSE?
In 1986, senior management (led by William Kellogg, John Herma, and Jay Baker) bought Kohl's from British American Tobacco in a leveraged buyout. On May 19, 1992, Kohl's completed its Initial Public Offering on the New York Stock Exchange under ticker 'KSS'.
When did Kohl's introduce its famous Kohl's Cash loyalty program?
Kohl's launched the Kohl's Cash customer reward program in 2000, creating a well-known promotional mechanic that became one of the most successful customer loyalty and repeat-traffic drivers in American retail history.
When did Kohl's launch its e-commerce website Kohls.com?
Kohl's launched Kohls.com in 2001, building an omnichannel digital shopping platform that grew into a multi-billion-dollar e-commerce business fully integrated with its nationwide physical store network.
When did Kohl's surpass 1,000 store locations nationwide?
In 2008, despite the Great Recession, Kohl's expanded its national footprint to over 1,000 stores across 49 states, solidifying its position as the premier off-mall department store destination in America.
When did Kohl's launch its nationwide Amazon Returns partnership?
In July 2019, following a successful regional pilot, Kohl's rolled out free, label-free Amazon Returns across all 1,100+ stores nationwide, driving millions of new customer visits into Kohl's stores annually.
When did Kohl's launch the transformative Sephora at Kohl's partnership?
In August 2021, Kohl's opened the first Sephora at Kohl's prestige beauty shop-in-shops, rapidly scaling the concept to more than 1,000 stores by 2024 to create a $2+ billion annual beauty retail engine.
What is Kohl's position and scale in American retail today?
Today, Kohl's operates over 1,100 convenient off-mall stores across 49 states with $15.5B in annual revenue, serving millions of American families with well-known brands, Sephora prestige beauty, and industry-leading value.
How did Kohl's start?
Kohl's was founded in 1962 by Max Kohl in Milwaukee, Wisconsin. Fascinatingly, Kohl was already highly successful; he ran Kohl's Food Stores, a massive local supermarket chain. Seeing an opportunity in non-grocery retail, he opened the first Kohl's Department Store. By 1972, the British American Tobacco Company bought a controlling interest, taking the regional chain national.
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