view transcript

1946: Kohl's Food Stores became the largest supermarket chain in the Milwaukee area.

1962: Max Kohl opened Kohl's Department Store in Brookfield, Wisconsin.

1978: The British-American Tobacco Company gained full control of Kohl's.

1983: Kohl's grocery stores were sold to A&P. (These were all closed by 2003)

1986: A group of investors purchased the company in order to rebuild it solely as a department store.

1988: Koh's purchased 26 stores from the Chicago-based retailer MainStreet.

2003: Net income fell for the first time in ten years, dropping 8.5 percent to $581 million.

January 2017: Kohl's shares fell 19% in value, in what The Wall Street Journal said was "the stock's worst day on record."

There's no doubt that you (or your grandmother) have shopped there, but how well do you know the history of one of America's top department stores? 

If you're looking for a tale of the American Dream, you can't do much better than the tale of Real Money Stock of the Day Kohl's (KSS - Get Report) .

Polish immigrant Maxwell Kohl worked at a variety of factories in the Milwaukee area until he saved enough money to open a small grocery store in 1927. From there, a single store grew into a chain of supermarkets that included modern innovations including in-store delis and bakeries. 

Then came the day that after having quite the dissatisfying experience when trying to buy a shirt, Kohl decided to give the business a go. The first Kohl's department store opened in 1962. 

After selling the business in 1972, it has since grown into a nationwide chain of over 1,000 stores. 

Where does Kohl's go from here? Only your unused Kohl's Cash and earnings report or two can tell. 


 Related. Kohl's Business Is Better Than Expected

Watch More of TheStreet's new video series Behind the Label: