Kohl’s closing 27 stores in underperforming locations
- Kohl's is closing 27 underperforming locations in 15 states by April, which is a small part of its 1,150 store base, to boost profitability and improve sales.
- Kohl's has experienced 11 consecutive quarters of sales declines, prompting the store closures as part of its strategy.
- Ashley Buchanan will become the new CEO of Kohl's next week, taking over from Tom Kingsbury, who will remain as an adviser until his retirement in May.
- Macy's also announced the closure of 66 stores, part of a strategy to shut down roughly 150 underproductive stores by fiscal 2026.
14 Articles
14 Articles
Kohl’s to close 27 stores, one in New Jersey, in latest retail rupture
Kohl’s department store is closing 27 locations in 15 states by April, including one in New Jersey, as it and other retailers contend with sagging sales. While that is just a fraction of the chain’s 1,150 locations, or less than 3% of its overall number, the move is indicative of a larger problem and accompanies a slew of retail ruptures over the past year, experts noted. In fact, the announcement came the same day that Macy’s disclosed the loca…
Kohl’s closing 27 stores in underperforming locations
NEW YORK (AP) — Kohl’s said Friday it was closing 27 underperforming locations in 15 states by April — a fraction of its 1,150 store base — as the struggling department store chain aims to boost profitability and improve sagging sales.
Kohl’s to close 27 stores, one in New Jersey, in latest retail rupture - New York Times Post
Kohl’s department store is closing 27 locations in 15 states by April, including one in New Jersey, as it and other retailers contend with sagging sales. While that is just a fraction of the chain’s 1,150 locations, or less than 3% of its overall number, the move is indicative of a larger problem and accompanies a slew of retail ruptures over the past year, experts noted. In fact, the announcement came the same day that Macy’s disclosed the loca…
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