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KSS-KOHLS CORP
Kohl's to Close 27 Underperforming Stores and E-Commerce Center as Part of Strategy to Avoid Bankruptcy and Revitalize Sales
Friday
10 January, 2025
Kohl's is making bold moves to restructure its operations, including closing 27 underperforming stores and an e-commerce center, as it grapples with declining sales and a significant stock drop. Can these strategic changes and a new leadership vision turn the tide for this retail giant?
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Key Takeaways
- Kohl's is closing 27 stores, signaling potential operational issues within the company.
- The retailer's stock has plummeted by 51% in the last year.
- CEO Tom Kingsbury's resignation introduces additional uncertainty during restructuring efforts.
- The shutdown of its e-commerce fulfillment center indicates difficulties in meeting consumer demands.
- Competitors like Macy's facing bankruptcy further emphasize the risks in the retail industry.
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