Jack Callahan ’19 pitched Kohl’s Corp. (KSS) to the Student Managed Investment Fund (SMIF) on March 4th, 2019. Founded in 1962, Kohl’s mission is to be the leading family focused, value oriented, specialty department store offering quality exclusive and national brand merchandise to their customers in an environment that is convenient, friendly, and exciting. Kohl’s has significantly outperformed its brick and mortar retailing peers in the past five years and has come out of the industry shake up extremely well positioned with a strong balance sheet, a recently repositioned top tier real estate portfolio, and innovative partnerships. Based upon 18% upside valuation, the class voted to buy 150 shares at $68.10 for a position size of $10,215. Kohl’s was set to release its 4Q18 earnings the next morning before market open. Fourth quarter earnings are historically volatile for retail companies given the seasonality of their business. Kohl’s stock rose 7.5 % the following day on continued margin maintenance, strong results from partnerships, and positive data on the utilization of its new stores.