Kohl’s to Close 27 Stores Across the U.S. – Full List and Details
As part of efforts to streamline operations and improve profitability, Kohl’s has announced the closure of 27 underperforming stores across more than a dozen states. These closures are set to be completed by April, marking a strategic move by the retailer to focus on its stronger-performing locations.
Why Kohl’s is Closing Stores
Struggling Profitability: Kohl’s has been facing challenges, with shifting consumer behavior and inflationary pressures impacting sales.
Focus on Strength: The company emphasized its belief in the “health and strength” of its profitable store base, according to a press release.
Leadership Transition: This decision comes during a leadership shift, with outgoing CEO Tom Kingsbury stepping down and Ashley Buchanan, the former CEO of Michaels, taking over.
Statement from Leadership
Outgoing CEO Tom Kingsbury stated, “We always take these decisions very seriously. As we continue to build on our long-term growth strategy, it is important that we also take difficult but necessary actions to support the health and future of our business for our customers and our teams.”
Retail Industry Trends
Kohl’s is not alone in its struggles. Department stores like Macy’s have also announced store closures, reflecting industry-wide challenges amid inflation and evolving consumer preferences.
Full List of Kohl’s Store Closures
Here’s the list of Kohl’s locations slated for closure:
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