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KSS-KOHLS CORP

Kohl's to Close 27 Underperforming Stores and E-Commerce Center by April 2025 Amid Slump in Sales and Shift in Consumer Behavior

Saturday

01 February, 2025

Kohl's is taking bold steps to reshape its future, announcing the closure of 27 stores and an e-commerce center as it grapples with a staggering decline in sales. Can the new leadership under CEO Ashley Buchanan steer the company toward recovery in this challenging retail landscape?

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Article Impact Score

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Key Takeaways
  • Kohl's has experienced a troubling decline in sales for 11 consecutive quarters, with a significant drop of 8.8% in Q3 2024.
  • The closure of 27 stores and an e-commerce center indicates ongoing financial difficulties and challenges in meeting consumer demands.
  • Expected charges of $60 to $80 million from these closures will negatively impact Q4 2024 financial results.
  • The recent leadership change to CEO Ashley Buchanan introduces uncertainty about the company's future direction and strategies.
  • Overall, these factors contribute to Kohl's being considered a high-risk investment at this time.
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