Kohl's company is a retail outlet with more than 1100 stores under its care. The website has a section dedicated to the interested investors. It is labelled Information for Investors. Any financial information can be found in this section. This includes a detailed annual report with information that could guide the potential investors decision. The section is important in determining the financial status of the business. It also guides investors in gauging the average amount that would be required if one were to become an investor. Furthermore, the annual reports provide a suitable projection of the expected return on investment. The SEC filing which is also available is important for guidance in speculative investment options
The letters to the shareholders week not available on the website. Access to this and other related information was to be accessed by contacting the company. A written request would then be used to draft a response with specific information depending on the request. This was not a welcome move because it limits the outsiders from preparing themselves adequately. Furthermore, the documents would provide a deeper understanding of the annual progress that the company is experiencing. The reports would also illustrate the financial performance of the different components of the business. Eliminating them from the public eye is both worrying and suspicious.
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The operating highlights indicate that the company is well managed. Executive decisions are handled and concluded by the board of directors. These decisions are then broken down by the company managers and the chief eexecutive officer. They work together to distribute duties to the other team players. The membership of the board is carefully selected. The qualifications and occupation of the members is highly scrutinized and updated regularly. This prevents a conflict of interest that could damage the company name or influence operations. Furthermore, the company has well laid out policies that help with steps to guide the recruitment, removal or resignation of all officers. This saves time and guarantees order and transparency in all recruitment issues. The board is closely supported by the relevant committees who are specifically mandated to oversee various functions. They include succession, compensation and shareholders participation. This makes operations easier and more efficient even to the grassroots.
Kohl's company benefits from the store locations as well as an online based marketing and selling platform. This as well as the delivery services ensures that the company has a market share outside the United States. Other markets include several locations in Canada, Mexico and Brazil. The stores are well, coordinated in order to guarantee a smooth flow of merchandise and produce. This remote brands and stores are in addition to the numerous outlets located in 49 out of the 50 states in America. The company continues to grow its offering and open up to more locations. The group strengthens it's internal operations by learning from some painful mistakes made in the past.
Part of the learning strategy involves making use of the resources in hand to maximise profits. Plans are currently underway to lower the company's operational costs by reducing the sizes of some of the stores. This move will avoid shutting down stores that are not doing too well. The move will reduce checkout counters, display stands among other space guzzlers. Reliance is being shifted to their e-commerce platforms that allow more flexibility and efficiency. The extra space that will result from this remodelling exercise will be leased out to provide an extra source of income to the retailer. This move is expected to cover the shortfall from the dwindling store sales. This decisions are in line with the investment goals as they are set to mitigate the stores against changing market needs.
References
www.kohls.com
