Kohl’s has announced plans to close 27 stores across more than a dozen U.S. states as part of an effort to strengthen the company’s financial performance. The closures, expected to be completed by April, represent only a small portion of the retailer’s approximately 1,150 locations nationwide. Company leaders emphasized that most stores remain profitable and continue to serve customers successfully.
According to the company, the locations chosen for closure were identified as underperforming, making the move part of a broader strategy to focus resources on stronger markets. Outgoing CEO Tom Kingsbury described the decision as difficult but necessary to support the company’s long-term stability. Leadership will soon transition to Ashley Buchanan, who is set to take over as chief executive, while Kingsbury will remain involved as an advisor for a short period.
Like many department store chains, Kohl’s has faced challenges in recent years as shopping habits shift and consumers increasingly turn to online options. Sales have softened, and the retailer recently projected a weaker holiday season than expected, contributing to pressure on the company’s stock performance.
The closures follow similar announcements from other major retailers adjusting to changing consumer behavior and economic pressures. Kohl’s says its goal is to focus on profitable locations while continuing efforts to modernize stores and improve the shopping experience for customers nationwide.