Kohl’s plans to close 27 underperforming stores by April 2025 as part of the struggling retailer’s transformation process.
Pressed by declining sales, the Menomonee Falls, Wis.-based company said in January that all employees at the closing stores had been “notified and offered competitive severance packages.” “I offered to offer her a job offer or to apply for other open positions at Kohl’s.” .9 Press Release.
“While Kohl’s continues to believe in the health and strength of its profitable store base, these particular locations were underperforming stores,” the company said.
Also closing is an e-commerce fulfillment center in San Bernardino, California, which has been in operation since 2010 and will close in May 2025. The company can now fulfill customer orders from its stores without a fulfillment center, Coles said.
CEO Tom Kingsbury, who will step down as CEO on January 15, said: “We always take decisions like this very seriously,” adding, “As we continue to build our long-term growth strategy.” It is important that we also address difficult but necessary challenges.” Actions to support the health and future of our business, for our customers and our team. ”
Ashley Buchanan, former CEO of Michaels Companies, will become CEO of Kohl’s on January 15th. Mr. Kingsbury will remain as an advisor and serve as a director of the company until his retirement in May 2025.
Kohl’s said in November 2024 that it expects sales to decline 7% to 8% in 2024. The retailer will report full-year sales in February.
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Kohl’s plans to close 27 stores by April 2025. This leaves the retailer with more than 1,120 stores.
Here’s a list of Kohl’s stores that will close by April 2025, organized by state.
Balboa (San Diego): 5505 Balboa Ave.
Encinitas: 134 N El Camino Real
Fremont: 43782 Christy St.
Mountain view: 350 showers
Napa: 1116 1st St.
Pleasanton: 4525 Rosewood Dr.
Point West (Sacramento): 1896 Arden Way
San Rafael: 5010 Northgate Dr.
San Luis Obispo: 205 Madonna Rd.
Westchester: 8739 S Sepulveda Blvd.
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