Why is Kohl's closing 27 stores in 2025? Reasons explained

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Why is Kohl's closing 27 stores in 2025? Reasons explained

//business-finance.news-articles.net/content/202 .. closing-27-stores-in-2025-reasons-explained.html

Published in Business and Finance on Saturday, January 11th 2025 at 15:21 GMT by MSN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Kohl's announced that it will close 27 underperforming stores in 15 states by April 2025 as part of its efforts to make the department store chain leaner and more profitable.

2025-01-11 195 x 130 / 7026 Bytes

Kohl's, a major U.S. department store chain, has announced plans to close 27 stores in 2025 as part of a strategic initiative to optimize its real estate portfolio. The closures are primarily due to underperforming locations where sales have not met expectations, alongside shifts in consumer shopping habits towards online platforms. Additionally, Kohl's is facing increased competition from other retail giants and the need to reduce operational costs. The company aims to reinvest in more profitable locations, enhance its online presence, and improve the overall shopping experience. This move is also influenced by broader retail trends, including the impact of economic pressures like inflation and changes in consumer spending behavior post the global health crisis.

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[ https://www.msn.com/en-us/money/companies/why-is-kohl-s-closing-27-stores-in-2025-reasons-explained/ar-BB1ri7wO ]