**27 Kohl’s Store Locations Closing Nationwide by April: Full List**
Kohl’s, a well-known department store chain, has recently announced the closure of 27 underperforming stores across 15 states by April. This decision comes in light of the company’s struggle to boost profitability and combat declining sales. Among these closures, the store located on Princeton Hightstown Road in East Windsor, New Jersey, stands out as the only one in the tri-state area marked for closure.
**Strategic Changes and New Leadership**
The closure announcement coincides with Kohl’s recent 11 quarters of consecutive sales declines and the appointment of a new CEO, Ashley Buchanan, a seasoned retail veteran previously with Michaels. Buchanan will be taking over from Tom Kingsbury, who will be transitioning to an advisory role until his retirement in May. Kingsbury had previously served as interim CEO and was confirmed as the permanent leader in February 2023.
Kohl’s has not disclosed the exact number of employees affected by these closures. However, the company has assured that affected workers have been notified and provided with options such as a competitive severance package or the opportunity to apply for other positions within Kohl’s. The list of closing stores includes 10 locations in California, highlighting the widespread nature of these changes.
**Macy’s Follows Suit**
In a related development, Macy’s has also revealed plans to close 66 stores early this year, including a historic landmark building in Philadelphia. This decision is part of a broader strategy announced in February 2024, which aims to shut approximately 150 underperforming stores while enhancing the remaining 350 locations by fiscal 2026. These closures come amidst efforts by Macy’s to revitalize sales amid consumer spending shifts and persistent inflation pressures.
Among the Macy’s stores set to close, nine are in New York and one is in New Jersey, reflecting a significant impact on the region. While Macy’s has faced challenges with declining profits and sales in recent quarters, the company remains optimistic about its sales outlook for the current fiscal year, albeit with adjusted profit expectations.
**Complete List of Kohl’s Store Closures**
For reference, here is the full list of Kohl’s locations slated for closure across the United States:
| State | City | Address |
|————-|—————————-|————————|
| Alabama | Spanish Fort | 21000 Town Center Ave.|
| Arkansas | Little Rock West | 13909 Chenal Pkwy. |
| California | Balboa (San Diego) | 5505 Balboa Ave. |
| … | … | … |
In conclusion, the retail landscape continues to evolve as major chains like Kohl’s and Macy’s adapt to changing consumer behaviors and market conditions. These closures mark a significant shift in strategy for these companies as they navigate challenges and pursue sustainable growth in the retail sector.