"In January 2025, Kohl's announced it was closing 27 underperforming locations in 15 states, as well as its San Bernardino E-commerce Fulfillment Center (EFC) in California. At the time, the company's then CEO, Tom Kingsbury, said the closures were a "necessary" step "to support the health and future of our business for our customers and our teams.""
"The closures followed slumping comparable store sales in 2024, and by April 2025, all of the previously announced doomed locations had shut for good. But in November, Kohl's got a new CEO, Michael Bender, the chain's third chief executive in nearly three years. Bender's top priority was to turn around sinking store sales and increase the company's bottom line."
Kohl's department store chain closed 27 underperforming locations across 15 states and its San Bernardino E-commerce Fulfillment Center in early 2025 under then-CEO Tom Kingsbury. The closures were completed by April 2025 and aimed to stabilize the company's struggling finances following declining comparable store sales in 2024. In November 2025, Michael Bender became Kohl's third CEO in nearly three years. His primary objectives include reversing sinking store sales and improving the company's financial performance, raising questions about whether additional store closures may occur under his leadership.
#retail-store-closures #kohls-financial-restructuring #ceo-leadership-change #declining-sales-performance
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