Kohl's announced plans to close 27 underperforming stores across 15 states by April, as part of a broader strategy to boost profitability and address sagging sales. This move aims to optimize the company's physical retail footprint.
In addition to store closures, Kohl's will also close its e-commerce fulfillment center in San Bernardino, California, when its lease expires in May. This facility closure will result in the layoff of 690 employees.
These actions are being taken as the company faces new leadership, with Ashley Buchanan taking over as CEO in January. The restructuring reflects an effort to streamline operations and improve financial health amidst a challenging retail environment.
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