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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.
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