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KSS-KOHLS CORP

Kohl's to Close 27 Stores and E-Commerce Fulfillment Center Amid Declining Sales, Enacts 10% Corporate Job Cuts

Tuesday

04 February, 2025

Kohl's is undergoing a major transformation as it closes 27 stores and an e-commerce fulfillment center in response to 11 consecutive quarters of declining sales. With a new CEO at the helm and a focus on data-driven strategies, can these bold moves turn the tide for the struggling retailer?

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36
Key Takeaways
  • Kohl's has experienced 11 consecutive quarters of declining sales, with a notable 8.8% decrease in Q3.
  • The company is closing 27 stores and an e-commerce center, reflecting ongoing profitability challenges.
  • Significant layoffs are impacting employee morale and operational effectiveness within the organization.
  • A leadership change and reliance on data analytics raise doubts about reversing the current negative trajectory.
  • Investors face uncertainty regarding Kohl's future profitability amid expected costs from store closures.
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