Struggling department store retail chain Kohl’s plans to close dozens of “unprofitable” stores in the United States by April, the company announced.
“While Kohl’s continues to believe in the health and strength of our profitable store base, these particular stores were underperformers,” the company said in announcing the store closures.
Kohl’s said employees at the affected stores will be offered severance pay or the opportunity to find employment elsewhere. The publicly traded retailer operates more than 1,150 stores across the U.S.
Kohl’s also plans to close its San Bernardino e-commerce fulfillment center in May when the facility’s lease expires, as new technology allows it to fulfill more orders from Kohl’s stores.
Kohl’s announced in November that third-quarter net sales were down nearly 9% from a year earlier to $3.5 billion. The company reported net income of $22 million, down from $59 million in the same period in 2023. Kohl’s stock price has fallen more than 50% in the past 12 months.
Many large brick-and-mortar retailers continue to shrink their physical footprint. For example, Macy’s announced late last year that: 66 stores closed As part of a rebuilding strategy.
retail industry Number of store closures will increase sharply in 2024According to research firm Coresight, more than 7,100 stores had closed by the end of November, an increase of 69% from the same period last year.
Below is a list of the 27 Kohl’s stores that will be closing.
Alabama
Spanish Fort – 21000 Town Center Ave.
arkansas
Little Rock West – 13909 Chenal Pkwy.
California
Balboa (San Diego) – 5505 Balboa Ave.Encinitas – 134 N El Camino RealFremont – 43782 Christy St.Mountain View – 350 Showers Dr.Napa – 1116 1st St.Pleasanton – 4525 Rosewood Dr.Point West (Sacramento) – 1896 Arden WaySan Rafael – 5010 Northgate Dr. San Luis Obispo – 205 Madonna Rd.Westchester – 8739 S Sepulveda Blvd.
colorado
Arapahoe Crossing (Aurora) – 6584 S Parker Rd.
georgia
Duluth – 2050 W Liddell Rd.
idaho
Boise – 400 N Milwaukee Street
illinois
Plainfield – 11860 S Route 59Spring Hill (West Dundee) – 3000 Spring Hill Ring Rd.
Massachusetts
Stoughton – 501 Technology Center Dr.
new jersey
East Windsor – 72 Princeton Hightstown Rd.
ohio
Blue Ash – 4150 Hunt Rd.Forest Park (Cincinnati) – 100 Cincinnati Mills Dr.
Oregon
Portland Gateway – 10010 NE Halsey St.
pennsylvania
Pottstown – 351 W Schuylkill Rd.
texas
North Dallas – 18224 Preston Rd.
Utah
Riverton – 13319 S 3600 W Ste 13LOT
virginia
Herndon – 2100 Centerville Rd.Williamsburg – 100 Gristmill Plz
