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.
