Kohl’s has announced the planned closure of 27 underperforming stores across 13 states, representing a small portion of its 1,150 locations nationwide. The company stated these changes are part of a broader strategy to strengthen long-term profitability. The closures are scheduled to be completed by April, with most locations continuing business as usual.
The leadership transition is also underway, as CEO Tom Kingsbury prepares to step down. Ashley Buchanan, currently CEO of Michaels, will assume the role, while Kingsbury will remain as an advisor until May. Kohl’s, founded in 1962, continues to operate as one of the largest U.S. department store chains, offering apparel, footwear, beauty, and home products.
Like many traditional retailers, Kohl’s has been adjusting to evolving customer preferences and growing e-commerce competition. The company has been redesigning store layouts, expanding its product categories, and investing in digital platforms to improve convenience for shoppers. It has also highlighted sustainability programs and community initiatives as part of its long-term vision.
Locations affected by the planned closures include stores in Alabama, Arkansas, California, Colorado, Georgia, Illinois, Massachusetts, Ohio, Texas, and Virginia. By refining its store portfolio, Kohl’s aims to concentrate on its strongest markets while positioning the brand for steady growth in a competitive retail environment.