The company also provided an update on its exploration of a potential sale, following its successful effort to fend off activist investor Macellum Capital's bid to take control of its board, saying it continues to "engage with multiple parties." "Kohl's began with roots as a brick-and-mortar company, and these 60 years of experience have set the company up to become a leading omnichannel retailer," said Mark Griepentrog, chief property officer, Kohl's, which operates 1,165 stores. "Our strong and productive off-mall store base can continuously evolve with our customer's expectations and demand, and we see substantial opportunities to leverage our real estate in producing long-term growth." This June, Kohl's will open a store in Bonney Lake, Wash., and in the fall, four additional new small-format stores will open in San Angelo, Texas., Morgantown, W.Va., Tacoma, Wash., and Lenox, Mass.