Kohl's reduces corporate staff by 10%
- Kohl's is cutting approximately 10% of roles at its corporate offices, as confirmed by a spokesperson on January 28.
- The company plans to close 27 underperforming stores by April, which are part of its 1,150 store base.
- The spokesperson stated that the cuts aim to support Kohl's ongoing actions to increase efficiencies and improve profitability.
- MSOE Associate Professor Michael Payne commented on the economic period affecting retail, stating that the retail environment has become less relevant in consumer shopping behavior.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left2Leaning Right1Center8Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
L 18%
C 73%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage