Kohl’s is planning to close 27 “underperforming” stores by April 2025.
In a press release dated Jan. 9, the Menomonee Falls, Wis.-based retailer said that “all associates have been informed [of the closures] and offered a competitive severance package or the ability to apply to other open roles at Kohl’s.” The company, which has more than 1,150 locations, also thanked its associates for their work.
“While Kohl’s continues to believe in the health and strength of its profitable store base, these specific locations were underperforming stores,” the release said.
In a statement, Kohl’s CEO Tom Kingsbury added, “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.”
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