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April 6, 2021, 1:01 p.m. EDT

Kohl's opens sixth distribution center in Ohio

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By Tonya Garcia

Kohl's Corp. /zigman2/quotes/210414114/composite KSS +1.97% said Tuesday that it has opened its sixth e-commerce distribution center, this one in Etna, Oh. The 1.2 million square-foot facility is the largest in the Kohl's fleet, and will add more than 400 jobs to the Columbus area. Kohl's expects to hire thousands more seasonal workers during the second half of the year. Kohl's digital sales have doubled over the past five years, according to a statement from Paul Gaffney, the company's chief technology officer, creating a need for the new distribution center, which is also expected to get items to customers faster. In 2020, stores fulfilled 45% of digital orders. Activist investors who havesought control of the Kohl's board issued another response to the retailer on Tuesday saying they see no momentum coming from Kohl's initiatives to drive growth. Kohl's stock has gained 49% for the year to date and has soared more than 328% over the last year. The benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.19% is up 53.2% over the past 12 months.

/zigman2/quotes/210414114/composite
US : U.S.: NYSE
$ 54.84
+1.06 +1.97%
Volume: 2.69M
June 11, 2021 4:00p
P/E Ratio
21.82
Dividend Yield
1.82%
Market Cap
$8.57 billion
Rev. per Employee
$145,045
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/zigman2/quotes/210599714/realtime
US : S&P US
4,247.44
+8.26 +0.19%
Volume: 1.69B
June 11, 2021 5:16p
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