UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 7, 2020
KOHL’S CORPORATION
(Exact name of registrant as specified in its charter)
Wisconsin | 001-11084 | 39-1630919 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
N56 W17000 Ridgewood Drive Menomonee Falls, Wisconsin | 53051 |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (262) 703-7000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| | |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, $.01 par value | KSS | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
Kohl’s Corporation (the "Company") has updated its lines of business reporting methodology in light of recent merchandising organizational changes. While the Company’s lines of business will remain unchanged, there have been reclassifications within each of the Company's lines of business to reflect how leadership is currently managing the business.
Set forth below are tables showing the Company’s historical net sales data using the new line of business methodology for sales in 2018 and 2019, by quarter and full year. The information presented only reflects the reclassification of the Company's lines of business and no other adjustments to the historical information have been made.
| | | | | | | | | |
| Three Months Ended | | Twelve Months Ended |
Dollars in Millions | May 4,
2019 | | August 3,
2019 | | November 2,
2019 | | February 1,
2020 | | February 1,
2020 |
Women's | 1,224 | | 1,377 | | 1,267 | | 1,434 | | 5,302 |
Men's | 749 | | 890 | | 899 | | 1,289 | | 3,827 |
Home | 572 | | 575 | | 639 | | 1,463 | | 3,249 |
Children's | 457 | | 459 | | 649 | | 895 | | 2,460 |
Accessories | 398 | | 416 | | 431 | | 972 | | 2,217 |
Footwear | 421 | | 452 | | 473 | | 484 | | 1,830 |
Net Sales | 3,821 | | 4,169 | | 4,358 | | 6,537 | | 18,885 |
| | | | | | | | | |
| | | | | | | | | |
| Three Months Ended | | Twelve Months Ended |
Dollars in Millions | May 5,
2018 | | August 4,
2018 | | November 3,
2018 | | February 2,
2019 | | February 2,
2019 |
Women's | 1,260 | | 1,444 | | 1,290 | | 1,458 | | 5,452 |
Men's | 754 | | 910 | | 885 | | 1,279 | | 3,828 |
Home | 634 | | 603 | | 646 | | 1,458 | | 3,341 |
Children's | 456 | | 465 | | 652 | | 891 | | 2,464 |
Accessories | 408 | | 419 | | 425 | | 975 | | 2,227 |
Footwear | 441 | | 469 | | 471 | | 474 | | 1,855 |
Net Sales | 3,953 | | 4,310 | | 4,369 | | 6,535 | | 19,167 |
The information in Item 7.01 is furnished solely pursuant to Item 7.01 of Form 8-K. Consequently, such information is not deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. Further, the information in Item 7.01 shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. | | Description |
| | |
104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 7, 2020 | KOHL'S CORPORATION | |
| | | | |
| By: | | /s/ Jason J. Kelroy | |
| | | Jason J. Kelroy | |
| | | Executive Vice President, | |
| | | General Counsel and Secretary | |
