Kohl's Corporation · NYSE:KSS
Kohl's — Merger or Acquisition (December 2020)
9 slides from Kohl's's merger presentation, Dec 1, 2020
Slide 1: Kohl's and Sephora Enter Major Long-Term Strategic Partnership
Exhibit 99.2 Kohl’s and Sephora Enter Major Long-Term Strategic Partnership December 1, 2020 Strategic Partnership PresentationExhibit 99.2 Kohl’s and Sephora Enter Major Long-Term Strategic Partnership December 1, 2020 Strategic Partnership Presentation
Slide 2: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as believes, anticipates, plans, may, intends, will, should, expects, and similar expressions are in
Slide 3: Partnership Delivers Against Kohl's Strategy
Partnership Delivers Against Kohl’s Strategy Our Strategy The most trusted retailer of choice for the active and casual lifestyle Expand Disciplined Strong Operating Margin Capital Management Drive Top Line Growth Organizational Core Destination for Differentiated Agile, Active & Casual Leading with
Slide 4: The Sephora Experience will transform Kohl's into a beauty destination
The Sephora Experience will transform Kohl’s into a beauty destination Sephora is the largest specialty beauty retailer in the world • Cutting edge curation of brands and emerging categories • Immersive prestige beauty experience • 4 Sephora-trained Beauty Advisors • Fully curated easy-to-shop exper
Slide 5: Two Innovative Companies Unite to Capitalize on Significant Growth Opportunity in the US Beauty Industry
Two Innovative Companies Unite to Capitalize on Significant Growth Opportunity in the US Beauty Industry Highly Complementary Strategic Partnership Sephora to become Kohl’s exclusive strategic beauty partner • 5 Minimal existing store overlap creating significant incremental • opportunity Leverages
Slide 6: Kohl's + Sephora
KOHELS+SEPHORA
Slide 7: Partnership Leverages Omnichannel Platform
Partnership Leverages Omnichannel Platform Store Approach Digital Approach 7 Concept: Sephora at Kohl’s “store-within-a-store” experience Concept: Sephora will be the exclusive beauty partner on Kohls.com Number of stores: At least 850 shops by 2023, including 200 in Fall 2021 Assortment: Expanded a
Slide 8: Partnership Structure to Drive Joint Success
Partnership Structure to Drive Joint Success PARTNERSHIP TERMS AND RESPONSIBILITIES Economic Structure Equal share in the operating profit of the partnership incorporating all expenses associated with managing the business, as well as the depreciation expense related to the assets 8 Recognizes sales
Slide 9: Kohl's + Sephora
KOHES+SEPHORA