Kohl’s has announced plans to close 27 underperforming stores across more than a dozen U.S. states as part of a broader effort to strengthen profitability and adapt to changing retail conditions. The closures, expected to be completed by April, represent only a small fraction of the company’s approximately 1,150 stores nationwide. Company leaders emphasized that the move is meant to streamline operations while maintaining confidence in the long-term performance of the remaining locations. The decision also comes during a leadership transition, as outgoing CEO Tom Kingsbury prepares to step down, with Michaels CEO Ashley Buchanan set to take over. Kingsbury will remain in an advisory role through May to support the transition.

Founded in 1962 and headquartered in Wisconsin, Kohl’s remains one of the largest department store chains in the country, offering clothing, home goods, and beauty products through partnerships with brands like Nike, Levi’s, and Sephora, alongside its own private labels. However, like many traditional retailers, Kohl’s has faced challenges from shifting consumer habits and the continued growth of online shopping. Holiday sales recently declined more than expected, and company shares have fallen significantly in recent months. Still, Kohl’s says it is focused on updating store layouts, expanding product options, and improving digital and in-store shopping experiences as it works to remain competitive in an evolving retail landscape.