Kohl's Avoids Major Closures, Focuses on Store Optimization
Tampa Bay News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Kohls Department Stores: No Major Store Closures, Focusing on Optimization and Digital Growth
Kohls, the department store chain, has no plans for significant store closures this year, as announced by new CEO Michael Bender. Instead, the company aims to optimize its existing store network and improve online presence to boost sales and profitability. Despite facing stiff competition from Amazon and Ross Stores, Kohls has cut corporate staff and is working on attracting more shoppers to both physical stores and its digital platform. However, the company expects full-year sales to either stay flat or drop up to two percent, with shares still down over forty-one percent this year.
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