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Kohl's to Close 27 Stores Across 15 States by Saturday

The closures mark a key step in the retailer's restructuring plan under new CEO Ashley Buchanan as it navigates declining sales and shifting market trends.

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A Kohl's store location in Muncie, Indiana, pictured in August 2022.
A Kohl’s store in Pleasant Hill on Monday, Nov. 25, 2024.

Overview

  • Kohl's will close 27 underperforming stores across 15 states, with the final day of operations set for March 29, 2025.
  • The closures are part of a broader transformation strategy that includes workforce reductions, leadership changes, and the upcoming closure of an e-commerce fulfillment center in May.
  • Kohl's experienced a 7.2% decline in annual sales in 2024 and projects a further 2% decrease in sales for 2025.
  • Employees at the closing stores have been offered severance packages or opportunities to apply for other roles within the company.
  • Despite the closures, Kohl's will continue to operate over 1,120 stores nationwide as it seeks to stabilize operations and reposition for long-term success.