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Kohl’s Pauses Major Store Changes for 2026, Focuses on Optimizing Existing Locations

The retailer pivots to in‑store productivity with value pricing after closing 27 locations in 2025.

Overview

  • CEO Michael Bender told investors he does not anticipate a broad plan to close or add stores this year.
  • Kohl’s operates more than 1,100 locations, with well over 90% profitable, supporting a stable footprint in 2026.
  • Management will continue annual reviews of the store base and may relocate or selectively open sites if performance warrants.
  • Despite sales pressure, 2025 profit rose to $272 million and operating cash flow reached $1.4 billion, while the latest quarter’s net sales fell 3.9% and comparable sales declined 2.8%.
  • Merchandising changes emphasize lower prices, including a front‑of‑store Deal Bar with items at $10 or less, alongside simpler store layouts to lift productivity.