Kohl's Store Closings Spree Hits 27 Sites as Revenue Continues to Dive — But 90% Are Still Open

Source: International Business Times

Joe Raedle/Getty Images Retail giant Kohl's is facing a pivotal moment as declining sales and a fresh wave of store closures across the US spark questions over the brand's future. While dozens of locations have already been axed to 'stabilise' the business, the company's leadership has now broken their silence on whether more sites will be shut down this year. As revenue continues to slide, the fate of the remaining shops hangs in the balance on a high-stakes turnaround plan aimed at saving the high-street staple.