Kohl's 2015 Annual Report Download - page 4

Table of Contents
See Item 2, “Properties,” for additional information about our distribution centers.
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As of January 30, 2016, we employed approximately 140,000 associates, including approximately 32,000 full-time and 108,000 part-time associates.
The number of associates varies during the year, peaking during the back-to-school and holiday seasons. None of our associates are represented by a
collective bargaining unit. We believe our relations with our associates are very good.
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The retail industry is highly competitive. Management considers style, quality and price to be the most significant competitive factors in the industry.
Merchandise mix, brands, service, loyalty programs, credit availability, and customer experience and convenience are also key competitive factors. Our
primary competitors are traditional department stores, upscale mass merchandisers, off-price retailers, specialty stores, internet and catalog businesses and
other forms of retail commerce. Our specific competitors vary from market to market.
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We purchase merchandise from numerous domestic and foreign suppliers. All business partners must meet certain requirements in order to do business
with us. These Terms of Engagement include provisions regarding laws and regulations, employment practices, ethical standards, environmental and legal
requirements, communication, monitoring/compliance, record keeping, subcontracting and corrective action. Our expectation is that all business partners
will comply with these Terms of Engagement and quickly remediate any deficiencies, if noted, in order to maintain our business relationship.
Approximately 30% of the merchandise we sell is sourced through a third-party purchasing agent. None of our vendors individually accounted for
more than 5% of our net purchases during 2015. We have no significant long-term purchase commitments or arrangements with any of our suppliers, and
believe that we are not dependent on any one supplier. We believe we have good working relationships with our suppliers.
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Our business, like that of most retailers, is subject to seasonal influences. The majority of our sales and income are typically realized during the second
half of each fiscal year. The back-to-school season extends from August through September and represents approximately 15% of our annual sales.
Approximately 30% of our annual sales occur during the holiday season in the months of November and December. Because of the seasonality of our
business, results for any quarter are not necessarily indicative of the results that may be achieved for the fiscal year.
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The name “Kohl’s” is a registered service mark of one of our wholly-owned subsidiaries. We consider this mark and the accompanying name
recognition to be valuable to our business. This subsidiary has over 190 additional registered trademarks, trade names and service marks, most of which are
used in connection with our private label program.
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Our corporate website is www.KohlsCorporation.com. Through the “Investors” portion of this website, we make available, free of charge, our proxy
statements, Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, SEC Forms 3, 4 and 5 and any amendments to
those reports as soon as reasonably practicable after such material has been filed with, or furnished to, the Securities and Exchange Commission (“SEC”).
The following have also been posted on our website, under the caption “Investors”:
• Committee charters of our Board of Directors’ Audit Committee, Compensation Committee and Governance & Nominating Committee
• Corporate Governance Guidelines
• Code of Ethics
Our Corporate Social Responsibility report can be found on our corporate website under the caption "Corporate Responsibility" and sub-heading
"Sustainability".
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