Kohl’s has announced plans to close 27 stores across more than a dozen U.S. states as part of an effort to improve overall financial performance. The closures, expected to be completed by April, represent a small share of the company’s approximately 1,150 locations nationwide. Company leadership noted that most stores continue to perform well and remain an important part of its operations.
The locations selected for closure were identified as underperforming, making this decision part of a broader strategy to focus resources on stronger markets. Outgoing CEO Tom Kingsbury described the move as challenging but necessary for long-term stability. Leadership will soon transition to Ashley Buchanan, who is set to take over as chief executive, while Kingsbury will remain in an advisory role for a limited time.
Like many department store retailers, Kohl’s has experienced challenges in recent years as consumer shopping habits continue to evolve. More shoppers are choosing online purchasing options, and overall sales have shown signs of slowing. The company recently projected a softer holiday season than expected, which contributed to pressure on its stock performance. These closures reflect broader adjustments seen across the retail industry as companies respond to changing consumer behavior and economic conditions.
Kohl’s stated that its focus will now center on high-performing locations while continuing efforts to modernize stores and enhance the customer experience nationwide. The company remains committed to serving customers effectively as it adapts to a changing retail environment. By prioritizing strong markets and improving operational efficiency, Kohl’s aims to support long-term growth and maintain its position in the competitive retail sector.