Kohl’s has announced plans to close 27 stores across more than a dozen U.S. states as part of a broader strategy to strengthen the company’s financial performance and focus on long-term stability. The closures are expected to be completed by April and represent only a small fraction of the retailer’s approximately 1,150 locations nationwide.
Company officials emphasized that the vast majority of Kohl’s stores remain profitable and continue to serve their communities successfully.
Why Kohl’s Is Closing Stores
According to company leadership, the selected locations were identified as underperforming. The decision is part of a strategic effort to streamline operations, allocate resources more efficiently, and concentrate on stronger-performing markets.
Outgoing CEO Tom Kingsbury described the move as “difficult but necessary,” highlighting the company’s commitment to maintaining financial health in a competitive retail environment.
Ashley Buchanan is set to assume the role of chief executive officer, marking a leadership transition for the department store chain. Kingsbury will remain involved in an advisory capacity during the transition period.
Retail Industry Challenges
Kohl’s, like many traditional department store retailers, has faced mounting challenges in recent years. Changing consumer behavior, inflation concerns, and the continued shift toward online shopping have placed pressure on brick-and-mortar businesses nationwide.
The company recently projected softer-than-expected holiday sales, contributing to volatility in its stock performance. Retail analysts note that restructuring efforts—including selective store closures—are becoming increasingly common across the industry.
Focus on Modernization and Growth
Despite the closures, Kohl’s leadership reiterated its commitment to modernizing stores, enhancing the in-store shopping experience, and expanding digital capabilities. The company plans to focus investment on profitable locations while adapting to evolving customer preferences.
Industry experts suggest that strategic consolidation may help Kohl’s remain competitive in a rapidly shifting retail landscape.
Customers are encouraged to check the company’s official website for updates regarding specific store locations scheduled to close and alternative nearby options.
As the retail sector continues to evolve, Kohl’s joins other major chains adjusting operations to meet changing market demands while working to secure long-term growth.
