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Kohl's CEO confirms no more major store closures in 2026

Mar 19, 2026, 2:14 PM10
(Update: Mar 19, 2026, 2:14 PM)
nuclear physicist at Institut de Physique Nucléaire de Lyon

Kohl's CEO confirms no more major store closures in 2026

  • Kohl's closed 27 stores in 2025 due to declining sales.
  • CEO Michael Bender confirmed no major store closures will occur in 2026.
  • The company will optimize its existing store locations to improve productivity.
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Kohl's, a Wisconsin-headquartered department store chain, faced significant struggles in recent years, a challenge compounded by fierce competition from online retailers like Amazon. To address declining sales, Kohl's closed 27 of its stores across 15 states in 2025, prompting the appointment of Michael Bender as CEO in November of that year. His leadership focused on optimizing the performance of Kohl's existing 1,150 locations rather than implementing grand strategies involving further closures or expansions. During a recent earnings call, Bender emphasized that over 90% of the store locations are profitable, leading the brand to prioritize enhancing store productivity to mitigate financial pressures. Kohl's CFO, Jill Timm, echoed this sentiment, highlighting the importance of driving customer traffic both digitally and in-store. Despite their proactive measures, the company anticipates a flat to a 2% decline in full-year sales against analysts' expectations soon after significant drops in quarterly sales figures. As the company moves forward with its financial strategy, it will focus on yearly evaluations of store performance, looking for opportunities to optimize store locations as necessary. In the face of these challenges and strategies, Kohl's stock showed a small uptick, reflecting investor interest amid a concerning backdrop of fluctuating sales and profitability realities. The focus on refining their existing operational structure without eliminating more stores marks a shift in strategy aimed at navigating tough market conditions.

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