Kohl's closing 27 stores; retailer looks to improve profits, sales
Kohl's Department Store, Oak Creek
NEW YORK - Kohl’s announced on Friday, Jan. 10 it would be closing 27 underperforming stores in 15 states by April. None of those stores are in Wisconsin. The department store aims to boost profitability and improve sagging sales.
The stores that are closing are just a fraction of the 1,150 store base.
The announcement comes as the Menomonee Falls, Wisconsin-based chain has posted 11 consecutive quarters of sales declines and faces new leadership.
SIGN UP TODAY: Get daily headlines, breaking news emails from FOX6 News
Kohl's declined to disclose the number of employees affected. It said workers have been informed and have been offered a "competitive severance package" or the chance to apply to other open roles at Kohl’s. The list deemed for closing includes 10 in California.
The Source: The information in this post was produced in FOX6 News with significant contributions from The Associated Press.