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KSS-KOHLS CORP

Kohl's to Close 27 Underperforming Stores and E-Commerce Fulfillment Center Amid Ongoing Sales Decline

Monday

13 January, 2025

Kohl's is making significant changes by closing 27 underperforming stores and an e-commerce fulfillment center as it grapples with a challenging retail environment. With new leadership at the helm, can these strategic moves turn the tide for the company amidst ongoing sales declines?

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Key Takeaways
  • Kohl's is shutting down 27 poorly performing locations and an e-commerce center, highlighting operational difficulties.
  • The company has experienced 11 quarters of falling revenue and a 51% decline in stock value.
  • New CEO Ashley Buchanan's leadership raises questions about potential recovery strategies.
  • The rise in online shopping and budget-friendly alternatives may negatively impact customer attraction.
  • Overall, the situation suggests a cautious approach for investors moving forward.
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