Kohl’s Corporation is an American department store retail chain. The first “Kohl” store was a supermarket founded in 1946, and the first Kohl department store was founded in 1962. In 1972, British-American Tobacco Company took a controlling interest in the company and the Kohl family left the management of the company in 1979. A group of investors purchased the company in 1986 from British-American Tobacco and later took it public in 1992. It is the second largest department store by retail sales in the United States after Macy’s.
Kohl’s uses a “racetrack” aisle that circles the entire store, a technique borrowed from discount stores. In 2011, Kohl’s announced plans to remodel 100 of its 1,100 locations. Changes included redone store sections, fitting rooms, and newer merchandise displays. In 2012 a consumer investigation by CBS News discovered that Kohl’s had engaged in the practice of marking up products in the weeks before a sale in order to make products appear as if they were being sold at discounted prices and artificially inflating the amount of the price mark-down.