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4-Traders Homepage  >  Equities  >  Nyse  >  Kohl's Corporation    KSS

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Kohl's Corporation : Kohl's Department Stores Expands Electric Vehicle Charging Station Initiative with 18 Additional Locations

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09/05/2012 | 02:10pm CEST

Kohl's installs charging stations at select locations in Illinois, Indiana and Wisconsin, expands Texas program

Kohl's Department Stores (NYSE: KSS) today announced the company will expand its electric vehicle (EV) charging station initiative with 36 new stations across 18 additional Kohl's locations by the end of fall 2012. The expansion spans three new states, including Illinois, Indiana and Wisconsin and adds additional locations to the company's Texas EV program. With the expansion, Kohl's shoppers will be able to take advantage of a total of 101 charging stations at 52 Kohl's locations across 14 states. Each of the participating Kohl's locations will have two or three parking spaces reserved for EV drivers to charge at no cost while they shop.

Kohl's shoppers will be able to take advantage of a total of 101 charging stations at 52 Kohl's loca ...

Kohl's shoppers will be able to take advantage of a total of 101 charging stations at 52 Kohl's locations across 14 states. (Photo: Business Wire)

"Since Kohl's EV charging station initiative began in December 2011, it has received extremely positive feedback from our customers who are excited about the added convenience," said John Worthington, Kohl's chief administrative officer. "From our solar program to our green building efforts, Kohl's has been pleased to be able to grow sustainability programs that make sense for our business, customers and communities - and our EV program is one more great example."

Kohl's EV Charging Station Partners

To maximize the number of participating Kohl's locations, the company partners with Duke Energy (NYSE: DUK), ChargePoint and ECOtality Inc. (NASDAQ:ECTY) on its EV charging station program.

Kohl's, through a two-year partnership with Duke Energy, as a part of Indiana's Project Plug-IN, installed six charging stations across three central Indiana Kohl's stores in spring 2012. Additionally, Kohl's has expanded its partnership with ECOtality, Inc. to install 30 EV charging stations at 15 Kohl's locations across Illinois, Texas and Wisconsin. These charging stations will be available at select Kohl's stores through December 31, 2013, after which Kohl's will assess opportunities to expand upon the effort.

Charging stations can be activated by EV drivers in various ways including radio frequency identification (RFID) cards available at Kohl's customer service desk and via phone numbers provided on the charging stations. Kohl's charging station screens will display facts about the company's sustainability efforts, including number of ENERGY STAR®-labeled, Leadership in Energy and Environmental Design (LEED)-certified and solar-powered store locations.

Kohl's Environmental Commitment

Kohl's EV charging station initiative supports Kohl's commitment to being a leading environmentally responsible retailer through strategies including waste reduction and recycling, environmentally responsible building design and operation, use and support of renewable energy, energy efficiency initiatives, supply chain sustainability efforts and stakeholder engagement. To date, Kohl's has more than 120 solar locations, more than 700 ENERGY STAR®-labeled locations and nearly 300 LEED-certified locations nationwide. Kohl's also ranks first in retail and second overall on the U.S. Environmental Protection Agency's list of top green power partners, purchasing enough green power to offset 100 percent of its purchased electricity use.

Additional information about Kohl's environmental efforts is available at www.KohlsGreenScene.com. Kohl's comprehensive environmental program, Advancing Environmental Solutions, is part of the Kohl's Cares® philanthropic platform, committed to making communities happier, healthier, greener places to live and work. Additional information about Kohl's Cares is available at www.Kohls.com/Cares.

About Kohl's Department Stores

Based in Menomonee Falls, Wis., Kohl's (NYSE: KSS) is a family-focused, value-oriented specialty department store offering moderately priced, exclusive and national brand apparel, shoes, accessories, beauty and home products in an exciting shopping environment. With a commitment to environmental leadership, Kohl's operates 1,134 stores in 49 states. In support of the communities it serves, Kohl's has raised more than $208 million for children's initiatives nationwide through its Kohl's Cares® cause merchandise program, which operates under Kohl's Cares, LLC, a wholly-owned subsidiary of Kohl's Department Stores, Inc. For a list of store locations and information, or for the added convenience of shopping online, visit www.Kohls.com, or join the discussion on Facebook http://www.facebook.com/kohls or Twitter http://twitter.com/Kohls.

Kohl's Locations with Charging Stations by State

NEW LOCATIONS - Illinois

  • #1267 Crete - 2 charging stations in partnership with ECOtality
  • #1300 Romeoville - 2 charging stations in partnership with ECOtality
  • #419 Lemont - 2 charging stations in partnership with ECOtality

NEW LOCATIONS - Indiana

  • #610 Noblesville - 2 charging stations as a part of Duke Energy Initiative
  • #347 Plainfield - 2 charging stations as a part of Duke Energy Initiative
  • #1178 Carmel West - 2 charging stations as a part of Duke Energy Initiative

NEW LOCATIONS - Wisconsin

  • Kohl's Headquarters - 1 charging station in partnership with ECOtality
  • Menomonee Falls Credit Center - 2 charging stations in partnership with ECOtality
  • #89 Bayshore - 2 charging stations in partnership with ECOtality
  • #223 Madison West - 3 charging stations in partnership with ECOtality
  • #496 Johnson Creek - 2 charging stations in partnership with ECOtality

EXPANDED PROGRAM - Texas

  • New - #366 Keller - 2 charging stations in partnership with ECOtality
  • New - #367 Lewisville - 2 charging stations in partnership with ECOtality
  • New - #371 South Arlington - 2 charging stations in partnership with ECOtality
  • New - #468 Mesquite - 2 charging stations in partnership with ECOtality
  • New - #553 Missouri City - 2 charging stations in partnership with ECOtality
  • New - #556 Pearland West - 2 charging stations in partnership with ECOtality
  • New - #1275 Katy South - 2 charging stations in partnership with ECOtality
  • #644 Northwoods - 1 charging station in partnership with ChargePoint
  • #642 Forum - 1 charging station in partnership with ChargePoint
  • #1276 Kyle - 1 charging station in partnership with ChargePoint
  • #1280 Leander - 1 charging station in partnership with ChargePoint

Arizona

  • #685 Marana - 4 charging stations in partnership with ECOtality
  • #638 North Phoenix - 4 charging stations in partnership with ECOtality
  • #1240 Tolleson - 4 charging stations in partnership with ECOtality
  • #1231 Surprise South - 4 charging stations in partnership with ECOtality

California

  • #756 Santee - 2 charging stations in partnership with ECOtality
  • #958 South Chula Vista - 2 charging stations in partnership with ECOtality
  • #618 Laguna Niguel - 1 charging station in partnership with ChargePoint
  • #601 Ontario - 1 charging station in partnership with ChargePoint
  • #752 Santa Clarita - 1 charging station in partnership with ChargePoint
  • #757 Vacaville - 1 charging station in partnership with ChargePoint
  • #758 Brentwood - 1 charging station in partnership with ChargePoint

Florida

  • #1229 Lady Lake - 1 charging station in partnership with ChargePoint
  • #1250 Lake Wales - 1 charging station in partnership with ChargePoint
  • #955 Lakeland - 1 charging station in partnership with ChargePoint
  • #1327 Palm Bay - 1 charging station in partnership with ChargePoint

Maryland

  • #315 Silver Spring - 1 charging station in partnership with ChargePoint

Michigan

  • #647 Chesterfield - 1 charging station in partnership with ChargePoint
  • #1305 Woodhaven - 1 charging station in partnership with ChargePoint

New York

  • #417 Massapequa - 1 charging station in partnership with ChargePoint

Oregon

  • #1002 Beaverton - 2 charging stations in partnership with ECOtality
  • #1108 Clackamas - 2 charging stations in partnership with ECOtality
  • #1004 Hillsboro - 2 charging stations in partnership with ECOtality

Tennessee

  • #522 Franklin - 4 charging stations in partnership with ECOtality
  • #525 Murfreesboro - 4 charging stations in partnership with ECOtality
  • #523 Nashville - 4 charging stations in partnership with ECOtality
  • #1056 Spring Hill - 4 charging stations in partnership with ECOtality

Virginia

  • #268 Woodbridge -1 charging station in partnership with ChargePoint

Washington (state)

  • #1136 Redmond - 2 charging stations in partnership with ECOtality
  • #1003 Vancouver Southeast - 2 charging stations in partnership with ECOtality
  • #1017 Marysville - 1 charging station in partnership with ChargePoint

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50396865&lang=en

Kohl?s
Vicki Shamion, Vicki.Shamion@Kohls.com, 262-703-1464
Kristen Cunningham, Kristen.Cunningham@Kohls.com, 262-703-7863
Geetha Natarajan, Geetha.Natarajan@Kohls.com, 262-703-2044


© Business Wire 2012
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Financials ($)
Sales 2018 18 569 M
EBIT 2018 1 302 M
Net income 2018 627 M
Debt 2018 2 960 M
Yield 2018 5,79%
P/E ratio 2018 10,14
P/E ratio 2019 10,05
EV / Sales 2018 0,51x
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Capitalization 6 460 M
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Average target price 41,1 $
Spread / Average Target 8,5%
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