Kohl’s Corporation (NYSE:KSS) shares are trading lower on Thursday as it announced that it is preparing to close 27 underperforming locations. The closures, announced in January, are part of a broader transformation strategy to reshape the retailer’s operations.
USA Today reports that 29th March marks the final day of operation for these stores. The company is also shutting down its e-commerce fulfillment center in San Bernardino, California, in May.
The closures are part of a restructuring that includes C-suite changes, a 10% reduction in the corporate workforce, and the end of Amazon returns in some locations.
Coresight Research predicts that around 15,000 stores will close this …
Full story available on Benzinga.com
Kohl’s Corporation (NYSE:KSS) shares are trading lower on Thursday as it announced that it is preparing to close 27 underperforming locations. The closures, announced in January, are part of a broader transformation strategy to reshape the retailer’s operations.
USA Today reports that 29th March marks the final day of operation for these stores. The company is also shutting down its e-commerce fulfillment center in San Bernardino, California, in May.
The closures are part of a restructuring that includes C-suite changes, a 10% reduction in the corporate workforce, and the end of Amazon returns in some locations.
Coresight Research predicts that around 15,000 stores will close this …
Full story available on Benzinga.com
Kohl’s Corporation (NYSE:KSS) shares are trading lower on Thursday as it announced that it is preparing to close 27 underperforming locations. The closures, announced in January, are part of a broader transformation strategy to reshape the retailer’s operations.
USA Today reports that 29th March marks the final day of operation for these stores. The company is also shutting down its e-commerce fulfillment center in San Bernardino, California, in May.
The closures are part of a restructuring that includes C-suite changes, a 10% reduction in the corporate workforce, and the end of Amazon returns in some locations.
Coresight Research predicts that around 15,000 stores will close this …Full story available on Benzinga.com Read MoreBriefs, Equities, KSS, News, Stories That Matter, WBIY, why it’s moving, Top Stories, Markets, Movers, Media, General, KSS, US5002551043, WBIY, News, Equities, Top Stories, Markets, Movers, Media, General, Benzinga News
