Kohl’s is closing 27 stores in 15 states. This is where they are


Twenty-seven “underperforming” Kohl’s stores are scheduled to close this spring.

The locations, named late last week by Kohl’swill close their doors permanently in April, according to the Wisconsin-based retailer.

“While Kohl’s continues to believe in the health and strength of its profitable store base, these specific locations were underperforming stores,” Kohl’s said.

Kohl's display case with logo

As a Kohl’s Rewards member, earn 5% on every purchase, every day. (Michael Siluk/UCG/Universal Images Group/Getty Images)

The stores Kohl’s has chosen to close are located in 15 states. In total, the retailer is currently operating over 1,150 locations in the USA

KOHL SHARES Slump On Earnings MISS, CEO TO RESIGN IN JANUARY

“We always take these decisions very seriously,” Kohl’s CEO Tom Kingsbury said of the planned store and fulfillment center closings. “As we continue to build our long-term growth strategy, it’s important that we also take difficult but necessary actions to support the health and future of our business, our customers and our teams.”

Kohl’s stores are slated to close

Alabama

  • 21000 Town Center Ave. at Spanish Fort

Arkansas

  • 13909 Chenal Pkwy. in Little Rock West

California

  • 5505 Balboa Ave. in Balboa/San Diego
  • 134 N El Camí Real in Encinitas
  • 43782 Christy St. in Fremont
  • 350 Showers Dr. in Mountain View
  • 1116 1st St. in Napa
  • 4525 Rosewood Dr. in Pleasanton
  • 1896 Arden Way in Point West/Sacramento
  • 5010 Northgate Dr. in San Rafael
  • 205 Madonna Rd. in San Luis Obispo
  • 8739 S Sepúlveda Blvd in Westchester

Colorado

  • 6584 S Parker Rd. at Arapahoe Crossing/Aurora

Georgia

  • 2050 W Liddell Rd. in Duluth

Idaho

  • 400 N Milwaukee St. in Boise

Illinois

  • 11860 S Route 59 in Plainfield
  • 3000 Spring Hill Ring Rd. in Spring Hill/West Dundee

Massachusetts

  • 501 Technology Center Dr. in Stoughton

New Jersey

  • 72 Princeton Hightstown Rd. in East Windsor

Ohio

  • 4150 Hunt Rd in Blue Ash
  • 100 Cincinnati Mills Dr. in Forest Park/Cincinnati

Oregon

  • 10010 NE Halsey St. at Portland Gateway

pennsylvania

  • 351 W Schuylkill Rd. in Pottstown

Texas

  • 18224 Preston Rd. north of Dallas

Utah

  • 13319 S 3600 W Ste. 13 LOT in Riverton

virginia

  • 2100 Centerville Rd. in Herndon
  • 100 Gristmill Plz. in Williamsburg

Kohl’s said it has offered affected people who work at the soon-to-be-closed locations “competitive” compensation or the option to apply for other Kohl’s locations.

MACY’S CLOSING 66 STORES. HERE IS WHERE THEY ARE LOCATED

The San Bernardino fulfillment center will also be closed

The retailer’s planned “real estate changes” for 2025 involve closing its San Bernardino e-commerce fulfillment center in California also in May, the retailer said.

The company has “increased efficiency with new technology capabilities at EFC’s newest facilities and expanded the company’s ability to fulfill customer orders from store locations, allowing the ‘company to maintain its ability to fulfill orders without the San Bernardino facility,’ he explained.

Kohl's background with the Kohl's app on your mobile phone

The Kohl’s app gives customers a way to save on coupons, view their Kohl’s Rewards balance, and scan products in-store to determine price. (Igor Golovniov/SOPA Images/LightRocket/Getty Images)

In a filing with the Securities and Exchange Commission, the retailer said it will see pre-tax charges of $60-80 million related to the “real estate and workforce rationalization” it announced .

Kohl's shopping store

An activist investor is renewing a push to get department store chain Kohl’s Inc. take action to increase your backlog. (iStock/iStock)

These charges will largely occur in the last quarter of 2024, according to Kohl’s.

GET THE FOX BUSINESS ANYWHERE CLICK HERE

In late November, the retailer said it had generated $10.21 billion in net sales in the first three quarters of 2024. That represented a decline of more than 6% compared to the same nine months a year earlier.

Its net income for the first three quarters of 2024 was $61 million.



Source link

  • Related Posts

    Bayer must pay $100 million in latest PCBs trial at Washington school, jury finds By Reuters

    By Brendan Pierson and Dietrich Knauth (Reuters) – A Washington state jury on Tuesday ordered Bayer (OTC:) to pay $100 million to four people who say they were sickened by…

    EU To Propose Russian Aluminum Ban In New Sanctions Package (AA:NYSE)

    Funtay/iStock via Getty Images The European Commission intends to propose a gradual ban on Russian primary aluminum imports in the latest package of sanctions against Russia over its invasion of…

    Leave a Reply

    Your email address will not be published. Required fields are marked *