Kohls Corporation and Dillards Inc
Kohl’s Corporation and Dillard’s, Inc. —
Financial Statement Analysis
EXCERPTED WITH PERMISSION FROM
CASES IN FINANCIAL REPORTING
SEVENTH EDITION
ISBN: 978-1-934319-79-6
ELLEN ENGEL
D. ERIC HIRST
MARY LEA MCANALLY
© Copyright 2012 by Cambridge Business Publishers, LLC. All rights reserved. No part of this publication may be reproduced in any form for any purpose without the written permission of the publisher. This document is authorized for use by michelle jeffalone, from 9/1/2014 to 12/31/2014, in the course:
Accounting for Managers, University of Massachusetts - Boston.
Any unauthorized use or reproduction of this document is strictly prohibited.
Kohl’s Corporation and Dillard’s Inc.—
Financial Statement Analysis
Kohl’s Corporation was organized in 1988 and is a Wisconsin corporation. The company operates family-oriented department stores that sell moderately priced apparel, footwear and accessories for women, men and children; soft home products such as sheets and pillows; and housewares. Stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. As of February 2, 2008, the company operated 929 stores in 47 states. (Source: Company 2007 Form 10-K)
Originally founded in 1938 by William T. Dillard, Dillard’s, Inc., now operates 326 stores in 29 states. The company’s store base is diversified, with the character and culture of the community served determining the size of facility and, to a large extent, the merchandise mix. In general, stores offer a wide selection of merchandise including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods. Most stores are located in suburban shopping malls but customers may also purchase merchandise online. (Source: Company 2007 Form 10-K)
Learning Objectives
• Read and compare financial statements for two companies in the same industry.
• Consider how different strategic choices lead to different
Financial Statement Analysis
EXCERPTED WITH PERMISSION FROM
CASES IN FINANCIAL REPORTING
SEVENTH EDITION
ISBN: 978-1-934319-79-6
ELLEN ENGEL
D. ERIC HIRST
MARY LEA MCANALLY
© Copyright 2012 by Cambridge Business Publishers, LLC. All rights reserved. No part of this publication may be reproduced in any form for any purpose without the written permission of the publisher. This document is authorized for use by michelle jeffalone, from 9/1/2014 to 12/31/2014, in the course:
Accounting for Managers, University of Massachusetts - Boston.
Any unauthorized use or reproduction of this document is strictly prohibited.
Kohl’s Corporation and Dillard’s Inc.—
Financial Statement Analysis
Kohl’s Corporation was organized in 1988 and is a Wisconsin corporation. The company operates family-oriented department stores that sell moderately priced apparel, footwear and accessories for women, men and children; soft home products such as sheets and pillows; and housewares. Stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. As of February 2, 2008, the company operated 929 stores in 47 states. (Source: Company 2007 Form 10-K)
Originally founded in 1938 by William T. Dillard, Dillard’s, Inc., now operates 326 stores in 29 states. The company’s store base is diversified, with the character and culture of the community served determining the size of facility and, to a large extent, the merchandise mix. In general, stores offer a wide selection of merchandise including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods. Most stores are located in suburban shopping malls but customers may also purchase merchandise online. (Source: Company 2007 Form 10-K)
Learning Objectives
• Read and compare financial statements for two companies in the same industry.
• Consider how different strategic choices lead to different