Kohl’s, the struggling division retailer retail chain, is planning to shut dozens of “underperforming” retailer areas across the U.S. by April, the corporate introduced.
“While Kohl’s continues to consider within the well being and power of its worthwhile retailer base, these particular areas had been underperforming shops,” the corporate stated in saying the shop closures.
Kohl’s stated stated workers on the affected shops will both be supplied severance pay or the chance to hunt work at one other location. The publicly listed retailer operates greater than 1,150 shops throughout the U.S.
Kohl’s may also shutter its San Bernardino E-commerce Fulfillment Center in May when the lease on the ability expires, as new applied sciences permit Kohl’s to satisfy extra orders from its retailer areas.
Kohl’s stated in November that its web gross sales for the third quarter fell almost 9% from a 12 months in the past, $3.5 billion. The firm reported web revenue of $22 million, down from $59 million for a similar interval in 2023. Kohl’s shares have fallen greater than 50% of the final 12 months.
Many giant brick-and-mortar retailers proceed to shrink their bodily footprint. For instance, Macy’s late final 12 months introduced the closure of 66 stores as a part of its turnaround technique.
Retail trade closures soared in 2024, with greater than 7,100 shops shutting down by the top of November — a 69% leap from the identical time final 12 months, in accordance with analysis agency CoreSight.
Here’s an inventory of the 27 Kohl’s shops which might 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 Real
- Fremont – 43782 Christy St.
- Mountain View – 350 Showers Dr.
- 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.
Colorado
Arapahoe Crossing (Aurora) – 6584 S Parker Rd.
Georgia
Duluth – 2050 W Liddell Rd.
Idaho
Boise – 400 N Milwaukee St.
Illinois
- Plainfield – 11860 S Route 59
- Spring 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 Centreville Rd.
- Williamsburg – 100 Gristmill Plz
