Kohl's Builds on Exclusive Brand Strategy With Expansion of Successful ELLE Partnership Into Home Category
April 27 2010 - 8:30AM
Business Wire
Kohl's Corporation (NYSE:KSS) and Lagardère Active today
announced a multi-year licensing agreement to expand its successful
ELLE-branded lifestyle collection into the home category with an
ELLE DECOR line of contemporary home furnishings. This is the first
time Lagardère Active Enterprises has entered into a retail
partnership with the ELLE DECOR brand, which will be available
exclusively in approximately 350 Kohl’s stores and Kohls.com
beginning in September 2010.
Building on Kohl’s exclusive and private brand strategy, the
launch of the ELLE DECOR home furnishings line supports the
continued growth of its exclusive brand portfolio, which accounted
for approximately 44 percent of sales in 2009, up 2 percent from
2008. The ELLE-branded fashion collection launched in spring 2007
and experienced rapid growth due to strong customer response. The
ELLE DECOR collection will be designed and managed out of Kohl’s
corporate headquarters in Menomonee Falls, Wis.
“The expansion of our ELLE-branded lifestyle collection into the
home category leverages the strong equity from an existing brand
and increases its penetration across the store,” said Don Brennan,
senior executive vice president of Kohl’s Department Stores. “We
continue to differentiate Kohl’s with exclusive, world-class
partnerships and remain committed to growing market share.”
“We are excited to extend the successful business partnership
with Kohl’s,” says Fabrice A. Plaquevent, CEO, Lagardère Active
Enterprises. “ELLE DECOR is America’s most stylish home magazine,
and this collection will bring Kohl’s customers style, inspiration
and glamour into their homes.”
The ELLE DECOR collection will initially launch with home and
domestic products, including decorative pillows, frames, accent
items, candles and holders and small furniture at a great value.
Prices for the collection will range from $9.99 to $149.99 before
any of Kohl’s savings opportunities.
Kohl’s will collaborate with Lagardère Active Enterprises on the
ELLE DECOR product design. Additionally, Kohl’s will lead the
development, distribution and marketing of the ELLE DECOR
collection.
About Kohl's
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. Kohl’s operates 1,067 stores in 49 states. A company
committed to the communities it serves, Kohl’s has raised more than
$126 million for children’s initiatives nationwide through its
Kohl’s Cares for Kids® philanthropic 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.
About ELLE DECOR and Hachette
Filipacchi Media U.S. (www.hfmus.com)
America’s most stylish magazine for the home, ELLE DECOR has
covered trendsetting interiors and must-have home furnishings for
20 years. The leading edition in a worldwide network of 25 ELLE
DECO publications, the magazine reaches more than two million
readers, and its influence extends over five continents. ELLE DECOR
(www.elledecor.com) is published by Hachette Filipacchi Media U.S.
(www.hfmus.com), a company of Lagardère Active.
Cautionary Statement Regarding
Forward-Looking Information
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Kohl's intends forward-looking terminology such as
“believes,” “expects,” “may,” “will,” “should,” “anticipates,”
“plans,” or similar expressions to identify forward-looking
statements. Such statements are subject to certain risks and
uncertainties, which could cause Kohl's actual results to differ
materially from those anticipated by the forward-looking
statements. These risks and uncertainties include, but are not
limited to those described in Item 1A in Kohl’s Annual Report on
Form 10-K, which is expressly incorporated herein by reference, and
other factors as may periodically be described in Kohl's filings
with the SEC.
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