What's next? Bear Stearns went down today, who's next and how soon?
- 1 decade agoFavorite Answer
Kohl's Corporation (NYSE: KSS) is an American department store chain headquartered in Menomonee Falls, Wisconsin, a suburb of Milwaukee. The Company currently operates 929 stores in 47 states. Kohl's mission, as stated in store and online, is to be the leading value-oriented, family-focused, specialty department store. Based on 2005 revenue, Kohl's is the 23rd-largest retailer in the United States.
The company entered the S&P 500 list in 1998 and is also listed in the Fortune 500 (#152 in 2007).
Max Kohl, who had previously operated traditional grocery stores, built his first Kohl's supermarket in 1946, first in what would become a southeastern Wisconsin chain known as Kohl's Food Stores. In 1962, he started his first department store, also called Kohl's Department Store in Brookfield, Wisconsin. He positioned Kohl’s 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 Company's (parent of U.S. subsidiary Brown & Williamson Tobacco Co.) U.S. retail division, BATUS Inc., bought a controlling interest in Kohl's 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, stayed on to manage the company. The family left the management in 1979, and Herb Kohl went on to become a United States Senator and owner of the Milwaukee Bucks. This firm expanded Kohl's presence from 10 to 39 stores in Wisconsin, Illinois and Indiana. The grocery stores were eventually sold to A&P in 1983, operating under the name Kohl's II, but the last of them were later closed in 2003.Source(s): whooo
- 1 decade ago
Merrill Lynch. It's chart is the one investment bank that's closest to Bear Stearns.
- Anonymous1 decade ago
citi corp is waiting in the wings.