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Kohl's to close 27 stores amid profitability push

kohl's
Justin Sullivan/Getty Images via CNN Newsource
kohl's
SOURCE: Justin Sullivan/Getty Images via CNN Newsource
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Kohl's to close 27 stores amid profitability push
Kohl맥스카지노s is closing 27 stores across more than a dozen states as the struggling retailer looks to improve profitability.The closures, to be completed by April, are a small fraction of the chain맥스카지노s 1,150 stores and were listed as 맥스카지노underperforming,맥스카지노 according to a press release. Kohl맥스카지노s said it 맥스카지노continues to believe in the health and strength of its profitable store base.맥스카지노It맥스카지노s one of the last decisions made by outgoing CEO Tom Kingsbury, who is stepping down Wednesday and being replaced next week by Ashley Buchanan, the chief executive of arts and crafts chain Michaels. Kingsbury will stay on as an advisor to Buchanan and on the company맥스카지노s board until his retirement in May.맥스카지노We always take these decisions very seriously,맥스카지노 Kingsbury said in the release. 맥스카지노As 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.맥스카지노Like many department stores in recent years, Kohl맥스카지노s has spent the last few years in turmoil and has struggled to recover from shifting consumer behavior. And it doesn맥스카지노t anticipate that it had a robust holiday shopping season, with the retailer recently forecasting a larger drop in sales than previously expected. Kohl맥스카지노s stock have fallen nearly 40% over the past six months.In 2022, the company was engaged in a messy battle with activist investors who tried to push Kohl맥스카지노s to spin off its online business, sell its real estate or take the company private. The retailer also dropped exploring a sale in 2022.Kohl맥스카지노s closures come on the heels of Macy맥스카지노s announcing similar news last week. Macy맥스카지노s targeted 66 locations to shut down in the coming weeks as it also struggles attracting shoppers amid inflationary pressure.These are the locations Kohl맥스카지노s plans on closing:Alabama21000 Town Center Ave. (Spanish Fort)Arkansas13909 Chenal Pkwy (Little Rock)California5505 Balboa Ave. (San Diego)134 N. El Camino Real (Encinitas)43782 Christy St. (Fremont)350 Showers Dr. (Mountain View)1116 1st St. (Napa)4525 Rosewood Dr. (Pleasanton)1896 Arden Way (Sacramento)5010 Northgate Dr. (San Rafael)205 Madonna Rd. (San Luis Obispo)8739 S. Sepulveda Blvd. (Westchester)Colorado6584 S. Parker Rd. (Aurora)Georgia2050 W. Liddell Rd. (Duluth)Idaho400 N. Milwaukee St. (Boise)Illinois11860 S. Route 59 (Plainfield)3000 Spring Hill Ring Rd. (West Dundee)Massachusetts501 Technology Center Dr. (Stoughton)New Jersey72 Princeton Hightstown Rd. (East Windsor)Ohio4150 Hunt Rd. (Blue Ash)100 Cincinnati Mills Dr. (Cincinnati)Oregon10010 NE. Halsey St. (Portland)Pennsylvania351 W. Schuylkill Rd. (Pottstown)Texas18224 Preston Rd. (Dallas)Utah13319 S. 3600 W. Suite 13LOT (Riverton)Virginia2100 Centreville Rd. (Herndon)100 Gristmill Plaza (Williamsburg)

Kohl맥스카지노s is closing 27 stores across more than a dozen states as the struggling retailer looks to improve profitability.

The closures, to be completed by April, are a small fraction of the chain맥스카지노s 1,150 stores and were listed as 맥스카지노underperforming,맥스카지노 according to a . Kohl맥스카지노s said it 맥스카지노continues to believe in the health and strength of its profitable store base.맥스카지노

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It맥스카지노s one of the last decisions made by outgoing CEO Tom Kingsbury, who is stepping down Wednesday and being replaced next week by Ashley Buchanan, the chief executive of arts and crafts chain Michaels. Kingsbury will stay on as an advisor to Buchanan and on the company맥스카지노s board until his retirement in May.

맥스카지노We always take these decisions very seriously,맥스카지노 Kingsbury said in the release. 맥스카지노As 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.맥스카지노

Like many department stores in recent years, Kohl맥스카지노s has spent the last few years in turmoil and has struggled to recover from shifting consumer behavior. And it doesn맥스카지노t anticipate that it had a robust holiday shopping season, with the retailer recently forecasting a larger drop in sales than previously expected. Kohl맥스카지노s stock have fallen nearly 40% over the past six months.

In 2022, the company was engaged in a messy battle with activist investors who tried to push Kohl맥스카지노s to spin off its online business, sell its real estate or take the company private. The retailer also dropped exploring a sale in 2022.

Kohl맥스카지노s closures come on the heels of Macy맥스카지노s announcing similar news last week. Macy맥스카지노s targeted 66 locations to shut down in the coming weeks as it also struggles attracting shoppers amid inflationary pressure.

These are the locations Kohl맥스카지노s plans on closing:

Alabama

21000 Town Center Ave. (Spanish Fort)

Arkansas

13909 Chenal Pkwy (Little Rock)

California

5505 Balboa Ave. (San Diego)

134 N. El Camino Real (Encinitas)

43782 Christy St. (Fremont)

350 Showers Dr. (Mountain View)

1116 1st St. (Napa)

4525 Rosewood Dr. (Pleasanton)

1896 Arden Way (Sacramento)

5010 Northgate Dr. (San Rafael)

205 Madonna Rd. (San Luis Obispo)

8739 S. Sepulveda Blvd. (Westchester)

Colorado

6584 S. Parker Rd. (Aurora)

Georgia

2050 W. Liddell Rd. (Duluth)

Idaho

400 N. Milwaukee St. (Boise)

Illinois

11860 S. Route 59 (Plainfield)

3000 Spring Hill Ring Rd. (West Dundee)

Massachusetts

501 Technology Center Dr. (Stoughton)

New Jersey

72 Princeton Hightstown Rd. (East Windsor)

Ohio

4150 Hunt Rd. (Blue Ash)

100 Cincinnati Mills Dr. (Cincinnati)

Oregon

10010 NE. Halsey St. (Portland)

Pennsylvania

351 W. Schuylkill Rd. (Pottstown)

Texas

18224 Preston Rd. (Dallas)

Utah

13319 S. 3600 W. Suite 13LOT (Riverton)

Virginia

2100 Centreville Rd. (Herndon)

100 Gristmill Plaza (Williamsburg)