KOHLS Corp
For the period ended Feb 1, 2025. Filed Mar 20, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 20, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. Properties
Stores
As of February 1, 2025, we operated 1,175 Kohl's stores with 82 million selling square feet in 49 states. During the fourth quarter of 2024, we announced the closure of 27 underperforming stores. As of February 1, 2025 three of those stores have been closed and the remaining 24 are expected to close in the first quarter of 2025. Our typical store lease has an initial term of 20-25 years and four to eight five-year renewal options. Substantially all of our leases provide for a minimum annual rent that is fixed or adjusts to set levels during the lease term, including renewals. Some of our store leases provide for additional rent based on a percentage of sales over designated levels.
The following tables summarize key information about our Kohl's stores as of February 1, 2025:
| Number of Stores by State | |||||
|---|---|---|---|---|---|
| Mid-Atlantic Region: · Northeast Region: · South Central Region: | |||||
| Delaware | 5 | Connecticut | 20 | Arkansas | 8 |
| Maryland | 23 | Maine | 5 | Kansas | 12 |
| Pennsylvania | 51 | Massachusetts | 24 | Louisiana | 7 |
| Virginia | 30 | New Hampshire | 11 | Missouri | 27 |
| West Virginia | 8 | New Jersey | 38 | Oklahoma | 11 |
| New York | 50 | Texas | 89 | ||
| Rhode Island | 4 | ||||
| Vermont | 2 | ||||
| Total Mid-Atlantic | 117 | Total Northeast | 154 | Total South Central | 154 |
| Midwest Region: | Southeast Region: | West Region: | |||
| Illinois | 66 | Alabama | 14 | Alaska | 1 |
| Indiana | 42 | Florida | 52 | Arizona | 26 |
| Iowa | 18 | Georgia | 33 | California | 116 |
| Michigan | 46 | Kentucky | 18 | Colorado | 24 |
| Minnesota | 29 | Mississippi | 5 | Idaho | 6 |
| Nebraska | 9 | North Carolina | 31 | Montana | 4 |
| North Dakota | 4 | South Carolina | 17 | Nevada | 13 |
| Ohio | 60 | Tennessee | 20 | New Mexico | 4 |
| South Dakota | 4 | Oregon | 11 | ||
| Wisconsin | 42 | Utah | 12 | ||
| Washington | 21 | ||||
| Wyoming | 2 | ||||
| Total Midwest | 320 | Total Southeast | 190 | Total West | 240 |
| Location | Ownership | ||
|---|---|---|---|
| Strip centers | 951 | Owned | 405 |
| Freestanding | 162 | Leased | 522 |
| Community & regional malls | 62 | Ground leased | 248 |
Distribution Centers
The following table summarizes key information about each of our distribution and e-fulfillment centers:
| YearOpened | SquareFootage | |
|---|---|---|
| Store distribution centers: | ||
| Findlay, Ohio | 1994 | 780,000 |
| Winchester, Virginia | 1997 | 450,000 |
| Blue Springs, Missouri | 1999 | 540,000 |
| Corsicana, Texas | 2001 | 540,000 |
| Mamakating, New York | 2002 | 605,000 |
| San Bernardino, California | 2002 | 575,000 |
| Macon, Georgia | 2005 | 560,000 |
| Patterson, California | 2006 | 365,000 |
| Ottawa, Illinois | 2008 | 330,000 |
| E-commerce fulfillment centers: | ||
| Monroe, Ohio | 2001 | 1,225,000 |
| San Bernardino, California | 2010 | 970,000 |
| Edgewood, Maryland | 2011 | 1,450,000 |
| DeSoto, Texas | 2012 | 1,515,000 |
| Plainfield, Indiana | 2017 | 975,000 |
| Etna, Ohio | 2021 | 1,300,000 |
We own all of the distribution and e-fulfillment centers except the San Bernardino, California locations and Corsicana, Texas, which are leased. We are leasing the San Bernardino e-fulfillment center through May 2025 when our lease expires; however, all business operations ceased in January 2025.
Corporate Facilities
We own our corporate headquarters in Menomonee Falls, Wisconsin. We also own or lease additional buildings and office space, which are used by various corporate departments, including our credit operations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.