Is Kohl's Closing More Stores in 2026? CEO Gives Update
Summary
Kohl's does not plan to close more stores in 2026, according to its CEO Michael Bender. After closing 27 underperforming stores in 2025 as part of a turnaround strategy, the company aims to enhance the performance of its existing locations.Key Facts
- Kohl's announced it will not close more stores in 2026.
- The company shut 27 stores in 2025 as part of restructuring efforts.
- CEO Michael Bender said the focus is on improving existing store performance.
- Over 90% of Kohl's more than 1,100 stores are profitable.
- The company's strategy includes boosting store productivity and value offerings.
- Kohl's reported improved profitability and cash flow in 2025 but faced a small decline in overall sales.
- Executives will continue to review store performance annually but have not announced closures for 2026.
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