Learn all about our company!Find a great career at Kohl's!Recent company news and more!A central resource for our investors.Learn how we support our communities!Return to the homepage of KohlsCorporation.com.Kohl's SuppliersLearn about the benefits our Charge Card customers enjoy!Learn about this great program and place your order today!Find answers in our Frequently Asked Questions.Contact us via e-mail, phone or fax.
Click here to shop our online store!
Find the Kohl's nearest you!
Locator Go
 
Company News
  Making Headlines  
  Company News  
  Financial News  
  Backgrounder  
  Photo Library  
  Contact Media Relations  




   

Company News


At Kohl's, we're always making headlines. Here are our most recent company news releases. Click on any headline at the right to see the full release.


April 21, 2006
KOHL'S CORPORATION COMPLETES SALE OF PROPRIETARY CREDIT CARD TO CHASE

MENOMONEE FALLS, Wis., April 21, 2006 — Kohl's Corporation (NYSE: KSS) announced today that it completed the sale of its proprietary credit card business to JPMorgan Chase (NYSE: JPM). Under the terms of the purchase and sale agreement, Chase acquired Kohl's private label credit card accounts and the outstanding balances associated with the accounts. Kohl's received approximately $1.6 billion in cash for the account balances outstanding. As previously reported, Kohl's plans to use the net proceeds to repurchase its common stock, to fund store expansion and for general corporate purposes.

Additionally, the companies have entered into a multiyear agreement that provides for Kohl's to receive ongoing payments related to the profitability of the credit card portfolio. Kohl's and Chase will also work together on various marketing initiatives designed to increase Kohl's sales and further enhance credit growth and profitability.

Kohl's will maintain its current credit operations and will continue to handle all customer service functions and be responsible for all advertising and marketing related to its credit card customers. All of Kohl's current credit organization associates will remain employees of Kohl's. Further, the company expects the credit organization to grow to support the long-term growth plans of the company.

Kohl's charge card customers will continue to receive the same great benefits with the use of their charge card. Customers should continue to use their cards in the same manner as they do today.

About Kohl's
Based in Menomonee Falls, Wis., Kohl's is a family-focused, value-oriented specialty department store offering moderately priced national and exclusive brand apparel, shoes, accessories, home and beauty products in an exciting shopping environment. Kohl's operates 749 stores in 43 states. For a list of store locations and information, or for the added convenience of shopping online, visit Kohl's Website at www.kohls.com.

Kohl's Investor Relations Contact:
Wes McDonald, Chief Financial Officer, (262) 703-1893

Kohl's Public Relations Contact:
Julie Gardner, Senior Vice President of Marketing, (262) 703-1305

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. The company has more than 100 million credit cards issued. Under the JPMorgan and Chase brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com.

JPMorgan Chase & Co. Public Relations Contact:
Jessica Iben, (302) 282-6150, Jessica.e.iben@chase.com

###


 

Recent Headlines
Click any headline below to view the full release.

 
  March 5, 2008
KOHL'S PARTNERS WITH ROCKER AVRIL LAVIGNE FOR NEW JUNIORS' LIFESTYLE BRAND TO LAUNCH JULY 2008
 
  February 21, 2008
KOHL'S ANNOUNCES NEW PRIVATE BRAND COLLECTION IN CHILDREN'S
 
  February 20, 2008
CANDIE’S UNVEILS “HEROES” STAR HAYDEN PANETTIERE AS ITS NEW SPOKESPERSON
 
  January 17, 2008
KOHL'S ANNOUNCES LICENSE AGREEMENT WITH LIZ CLAIBORNE INC.
 
  January 14, 2008
KOHL'S AND DR. SEUSS ARE HERE AND THERE AND EVERYWHERE!
 
  December 6, 2007
KOHL'S OFFERS $5 GIFTS THAT GIVE BACK THIS HOLIDAY SEASON
 
  November 30, 2007
BOBBY FLAY SIGNS WITH FOOD NETWORK AND KOHL'S TO DEVELOP BRANDED KITCHENWARE AND ENTERTAINING PRODUCTS
 
  November 13, 2007
KOHL'S ANNOUNCES EXCLUSIVE LICENSE AGREEMENT
 
  November 7, 2007
KOHL'S PURSUING LEED CERTIFICATION ON MORE THAN 80 NEW LOCATIONS
 
  October 23, 2007
KOHL'S RECEIVES 2007 EPA GREEN POWER LEADERSHIP AWARD
 
  September 10, 2007
KOHL'S EXPANDS EXECUTIVE TEAM
 
  July 30, 2007
KOHL'S RANKS NO. 2 ON EPA'S TOP 10 RETAIL LIST AND NO. 8 ON NATIONAL TOP 25 LIST OF GREEN POWER PURCHASERS
 
  July 24, 2007
STEPHANIE A. STREETER ELECTED TO KOHL'S CORPORATION BOARD OF DIRECTORS
 
  May 24, 2007
KOHL'S EXPANDS INTIMATE CATEGORY
 
  May 2, 2007
KOHL'S ANNUAL SHAREHOLDERS MEETING FOCUSES ON EXPANSION PLANS, EXCLUSIVE MERCHANDISE OFFERINGS
 
  April 26, 2007
KOHL'S READIES ITS CALIFORNIA ROOFTOPS FOR SOLAR POWER
 
  February 20, 2007
KOHL'S ANNOUNCES EXCLUSIVE DEBUT OF CHAPS HOME
 
  February 7, 2007
KOHL'S ANNOUNCES EXCLUSIVE PARTNERSHIP WITH ELLE
 
  February 1, 2007
KOHL'S DEPARTMENT STORES PARTNERS WITH TONY HAWK, INC. TO OFFER EXCLUSIVE TONY HAWK SHOE COLLECTION