💨 Abstract

Kohl's, an American department store chain, is closing 27 underperforming stores across 15 states by April 2025, affecting locations in California, Illinois, Ohio, Virginia, and others. The company is also shutting down an e-commerce distribution center in California. Kohl's CEO Tom Kingsbury made these decisions as part of a long-term growth strategy, offering affected employees opportunities within the company or severance packages.

Courtesy: metro.co.uk

Summarized by Einstein Beta 🤖