Kohl’s is an American department store retail chain, founded in 1927. It is the second largest department store chain in the United States with 1,158 locations, after Macy’s. As of February 2013, it is the 23rd largest retailer in the United States. Kohl’s is headquartered in Menomonee Falls, Wisconsin, a suburb of Milwaukee.
Kohl’s Department Stores was founded by Maxwell Kohl, who opened his first store in 1946 in Brookfield, Wisconsin.
He later acquired five more stores in the Milwaukee area. In 1962, when Kohl was 36 years old, he opened his first store outside Wisconsin, a 63,000-square-foot (5,900 m2) store in Wauwatosa, Wisconsin.
What does Kohl’s CEO make?
The current CEO of Kohl’s is Michelle Gass. She has been with the company since 2006 and became CEO in May 2015. Prior to her current role, she was Executive Vice President and Chief Merchandising Officer.
In her role as CEO, Gass oversees all aspects of Kohl’s business and is responsible for driving sales and profit growth. She also leads the company’s strategic initiatives, including its omnichannel transformation.
According to Kohl’s most recent Proxy Statement filed with the SEC on April 26, 2019, Gass’ total compensation for fiscal year 2018 was $11,115,769.
What does this mean?
This means that Michelle Gass made a little over 11 million dollars in 2018 as the CEO of Kohl’s.
