Kohl’s has announced a reduction of approximately 10% of its corporate workforce as part of a strategy to enhance efficiency and profitability. This decision follows the retailer’s recent announcement of closing 27 underperforming stores across 15 states, which is expected to take place by April 2025.
- Kohl's cuts 10% of corporate workforce.
- 27 underperforming stores to close by April.
- Sales expected to drop 7% to 8%.
- Fewer than 200 employees impacted by layoffs.
- Severance packages offered to affected associates.
- List of closing stores provided by state.
The decision to reduce the workforce comes as Kohl’s faces ongoing challenges in the retail market. The company stated that more than half of the job cuts will come from open positions, while the remainder will affect current associates. Although Kohl’s did not specify the exact number of layoffs, it noted that fewer than 200 employees would be impacted by these reductions.
Kohl’s is also set to close 27 stores deemed underperforming, with locations spread across several states including Alabama, California, and Texas. The closures are part of a broader strategy to streamline operations and focus on profitability. The list of affected stores includes:
- Spanish Fort, Alabama: 21000 Town Center Ave.
- Little Rock West, Arkansas: 13909 Chenal Pkwy.
- Several locations in California, including Balboa (San Diego) and Pleasanton.
- Other states such as Georgia, Illinois, and New Jersey are also affected.
Kohl’s has indicated that these actions are intended to support long-term commitments to improve business performance. The company anticipates a sales decline of 7% to 8% in 2024, which it will report in full-year sales figures in February. In light of the layoffs, Kohl’s has assured that impacted employees will receive competitive severance packages to assist in their transition.
In summary, Kohl’s is taking significant steps to address its operational challenges through workforce reductions and store closures. These measures are part of a strategy to enhance efficiency and profitability amid a projected decline in sales for the upcoming year.
