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January 14, 2025

Kohl's, Macy's to close more stores this year

  • Traditional department stores have struggled to retain customers as consumers shop online and look for bargains.
    • By ANNE D’INNOCENZIO
    AP Retail Writer

    NEW YORK — Kohl's said Friday it was closing 27 underperforming locations in 15 states by April — a fraction of its 1,150 store base — as the struggling department store chain aims to boost profitability and improve sagging sales.

    The announcement comes as the Menomonee Falls, Wisconsin-based chain has posted 11 consecutive quarters of sales declines. Michaels CEO and retail veteran Ashley Buchanan is set to take over as the chief executive of Kohl's next week.


     
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