Kohl’s announced last Thursday that it would be closing 27 “underperforming” stores in the coming months. The major retail chain also announced that it would be closing its San Bernardino E-commerce Fulfillment Center in California.
In a Thursday press release, the company wrote, “Kohl’s announced real estate changes for 2025, including the closure of its San Bernardino E-commerce Fulfillment Center (EFC) in May when the lease on that facility expires, and the closure of 27 underperforming stores, by April 2025.”
Addressing the store closings, the company said, “While Kohl’s continues to believe in the health and strength of its profitable store base, these specific locations were underperforming stores.”
In the press release, Kohl’s noted that the company currently has more than 1,150 store locations in the United States. The 27 “underperforming” stores listed in the press release include stores in 15 different states.
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“We always take these decisions very seriously,” Kohl’s CEO Tom Kingsbury said. “As we continue to build on our long-term growth strategy, it is important that we also take difficult but necessary actions to support the health and future of our business for our customers and our teams.”
Kohl’s explained that all of the employees affected by the company’s decision to close 27 stores and the e-commerce fulfillment center have “been informed” and have received offers for “a competitive severance package or the ability to apply to other open roles at Kohl’s.” The retail chain also thanked its employees for their work and emphasized that the company is “working to support our associates during this transition.”
According to Fox Business, Kohl’s noted in a Securities and Exchange Commission filing that the company will have between $60 and $80 million worth of pre-tax charges due to the retail chain’s “real estate and workforce rationalization.”
