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[ Wed, Jan 15th ]: YourTango
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Sun, January 12, 2025
[ Sun, Jan 12th ]: Reuters
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Sat, January 11, 2025
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[ Sat, Jan 11th ]: Newsweek
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[ Fri, Jan 10th ]: MoneyWeek
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Orbitz

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

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. closing-27-stores-in-2025-reasons-explained.html
  Print publication without navigation Published in Business and Finance on 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.

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.

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