The company plans to focus more investment on stronger stores and its online business. Kohl’s is also working on redesigned store layouts, expanded product categories, and improved digital convenience.
The changes come alongside a leadership transition from Tom Kingsbury to incoming CEO Ashley Buchanan, who previously worked at Michaels. The company hopes her experience can help modernize the longtime department-store chain.
For workers and customers, the closures represent a major shift as Kohl’s tries to adapt to changing shopping habits. The strategy is aimed at operating fewer but stronger locations while building a more sustainable future.
