Kohl’s Announced Plans To Close Several Stores

Kohl’s has announced it will close 27 underperforming stores in more than a dozen states as part of efforts to strengthen profitability. The closures, expected to wrap up by April, represent only a small fraction of its 1,150 locations. In a statement, the retailer reaffirmed confidence in the long-term strength of its store network.

This move is one of the last by outgoing CEO Tom Kingsbury, who will step down Wednesday. Ashley Buchanan, currently CEO of Michaels, will take over next week. Kingsbury will remain temporarily as an advisor and board member until his retirement in May.

Founded in 1962 and based in Menomonee Falls, Wisconsin, Kohl’s is one of America’s largest department store chains. With more than 1,100 stores nationwide, it sells apparel, footwear, accessories, beauty products, home goods, and more.

Kohl’s is known for frequent sales, its Kohl’s Cash rewards, and a mix of national brands like Nike and Levi’s alongside private labels such as Sonoma Goods for Life. Its growing partnership with Sephora has added in-store beauty shops to many locations.

The company also emphasizes convenience through online shopping, in-store pickup, and even Amazon return services, aiming to blend digital and physical retail. It has also introduced sustainability and diversity initiatives to support long-term responsibility.

Like many department stores, Kohl’s has struggled with shifting consumer habits. It recently reported disappointing holiday sales, and shares of Kohl’s (KSS) have dropped nearly 40% in the past six months.

The closures will affect stores in states including California, Texas, Illinois, New Jersey, and Virginia. Despite challenges, Kohl’s says it will continue refining store layouts, digital services, and product offerings to stay competitive.