Kohl’s Announces Closure of 27 Underperforming Stores
Struggling Department Store Aims to Boost Profitability and Improve Sales
Kohl’s said Friday it was closing 27 underperforming stores in 15 states by April, a fraction of its 1,150 store base, as the struggling department store aims to boost profitability and improve sagging sales.
One New Jersey Location Slated for Closure
Among those, one New Jersey location is set to close. The store on Princeton Hightstown Road in East Windsor was the only one in the tri-state area that is slated for closure.
New Leadership Takes Over
The announcement comes as the Wisconsin-based chain has posted 11 consecutive quarters of sales declines and faces new leadership. Michaels CEO and retail veteran Ashley Buchanan will take over the chain’s top job, effective Wednesday, succeeding Tom Kingsbury, who will stay as an adviser to the new CEO and retain his position on Kohl’s board until his retirement this May.
Impact on Employees
Kohl’s declined to disclose the number of employees affected. It said workers have been informed and have been offered a "competitive severance package" or the chance to apply to other open roles at Kohl’s.
Store Closures
Here is the full list of Kohl’s locations 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 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
Conclusion
Kohl’s is taking steps to boost profitability and improve sales by closing underperforming stores. The company aims to focus on its remaining 1,150 stores and improve its overall performance.
FAQs
Q: How many employees will be affected by the store closures?
A: Kohl’s declined to disclose the number of employees affected.
Q: What will happen to the employees of the closing stores?
A: Workers have been informed and have been offered a "competitive severance package" or the chance to apply to other open roles at Kohl’s.
Q: Will Kohl’s continue to operate all of its stores?
A: No, the company is closing 27 underperforming stores in 15 states by April.
Q: What is the reason behind the store closures?
A: Kohl’s is aiming to boost profitability and improve sales by focusing on its remaining 1,150 stores.
