Several major retailers have announced store closures or gone out of business altogether in recent years.
Bosses have revealed that the decision to shutter outlets was needed.
Kohl’s closures
KOHL’S bosses have confirmed that 27 stores will close in the coming weeks. The closures are expected to be finalized by the end of April.
New Jersey
The U.S. Sun has compiled a full list of the stores set to close.
Oregon
Ohio
Illinois, Massachusetts, and New Jersey will not be escaping the store closures either.
The most affected retailers have been clothing, consumer electronics, sporting goods, hobby, book, music, and home furnishing stores since the start of 2019.
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Tony Spring, the chain’s CEO, explained how the decision to close some stores will allow the company to invest in their “go-forward” outlets.
Bed Bath & Beyond has closed all of its brick-and-mortar stores and is now an online-only retailer.
Illinois
Utah
Arkansas
California
Georgia
Pennsylvania
Texas
Massachusetts
US braces for ‘45,000 store closures’
Some 45,000 bricks-and-mortar stores could close in the next five years, experts have warned.
Colorado
Chiefs have framed the closures as part of the company’s Bold New Chapter strategy.
Kohl’s has seen a dip in sales over more than 10 quarters.
Bosses confirmed a total of 27 underperforming locations would slam shut by April 2025, according to a company statement.
Liquidation sales are already underway as bosses rush to clear stock, per Axios.
