Department stores are failing in today's economy, and Kohl's might be at risk. The company has tried everything from rearranging store layouts to musical chairs with their CEOs, but that hasn't translated to increased sales.
Newly appointed CEO Michael Bender shared optimistic feedback on Kohl's first-quarter results, announced on May 29th, saying the performance exceeded expectations. The report showed a continuous decrease in net sales, but an increase in gross margins, indicating their strategy to close underperforming stores may be working.
However, that could mean more locations will close this year, and consumers who save money shopping at Kohl's are left wondering if their local store is at risk.
The following stores recently closed permanently. Was yours one of them?
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Alabama
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- 21000 Town Center Ave., Spanish Fort
Alabama still has 13 other Kohl's locations in the state. Employees in the closed location have been offered competitive severance packages or the opportunity to apply internally for other jobs.
Arkansas
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- 13909 Chenal Parkway, Little Rock
Arkansas still has seven Kohl's locations in the state, three of which are around Little Rock.
California
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- 5505 Balboa Ave., Balboa (San Diego)
- 134 N. El Camino Real, Encinitas
- 43782 Christy St., Fremont
- 350 Showers Drive, Mountain View
- 1116 1st St., Napa
- 4525 Rosewood Drive, Pleasanton
- 1896 Arden Way, Point West (Sacramento)
- 5010 Northgate Drive, San Rafael
- 205 Madonna Road, San Luis Obispo
- 8739 S. Sepulveda Blvd., Westchester
The Golden State lost 10 Kohl's retail stores — the most of any state. There are still 106 locations left in California, so shoppers won't have trouble finding places to browse the department store chain in person.
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Colorado
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- 6584 S. Parker Road, Arapahoe Crossing (Aurora)
There are still two Kohl's stores in Aurora and a total of 22 throughout the entire state of Colorado.
Georgia
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- 2050 W. Liddell Road, Duluth
There is only one location that closed in Georgia, leaving 32 others remaining in the northern part of the state.
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Idaho
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- 400 N. Milwaukee St., Boise
There is one Kohl's location that shut down in Idaho. However, the state still has five left for shoppers to enjoy.
Illinois
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- 11860 S. Route 59, Plainfield
- 3000 Spring Hill Ring Road, Spring Hill (West Dundee)
Illinois is now down to 64 Kohl's stores in the state, as these two locations shut their doors for the last time.
Shopping pro tip: This month's best deals
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June is here, and with it comes the start of summer, Father’s Day (June 15), and a fresh wave of markdowns. Keep an eye out for savings on:
Tools, grills, and outdoor gear
- Swimwear and summer fashion
- Patio furniture and garden decor
- For grocery savings, stock up on seasonal produce like blueberries, corn, and zucchini
While you're soaking up the sun, retailers are already thinking ahead to back-to-school prep, making June a great time to save on summer essentials and snag fresh deals before the crowds catch on.
New Jersey
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- 72 Princeton Hightstown Road, East Windsor
New Jersey is now down to 37 stores, but there are still plenty of Kohl's locations nearby for most residents of the state.
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Massachusetts
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- 501 Technology Center Drive, Stoughton
The Bay State currently has 23 locations left. The store in Stoughton closed as part of the company's downsizing efforts.
Ohio
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- 4150 Hunt Road, Blue Ash
- 100 Cincinnati Mills Drive, Forest Park (Cincinnati)
Ohio is lost two Kohl's locations but still has 58 stores available for shoppers to enjoy.
Pennsylvania
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- 351 W Schuylkill Road, Pottstown
The Keystone State lost only one Kohl's location, leaving 50 other ones open throughout the rest of Pennsylvania for shoppers.
Oregon
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- 10010 N.E. Halsey St., Portland Gateway
Oregon is now down 10 stores since the Portland location closed. However, there are still plenty of Kohl's stores nearby for shoppers to take advantage of.
Texas
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- 18224 Preston Road, North Dallas
Dallas lost one of its two Kohl's stores, with 88 remaining locations throughout the Lone Star State.
Utah
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- 13319 S. 3600 W. Ste 13LOT, Riverton
The Riverton location closed, but twelve stores remain in Utah.
Virginia
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- 2100 Centreville Road, Herndon
- 100 Gristmill Plaza., Williamsburg
According to the Google business listing, the Herndon location is already permanently closed. Luckily, Virginia is home to 30 other locations.
Quick tips: How to prepare for economic uncertainty
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Uncertain times call for a review of expenses that goes beyond simple cost-cutting. Here are some steps for you to consider:
- Build a 6-month emergency fund. Prioritize this above other financial goals.
- Compare rates on big ticket items like auto insurance to make sure you aren't overpaying.
- Delay major purchases when possible.
- Consider a side hustle that can generate income with minimal startup costs.
During challenging economic periods, try to focus on what you can control. And remember that financial resilience isn't built overnight.
Bottom line
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Kohl's has suffered 12 consecutive fiscal quarters of sales declines, and their share price plummeted over 50% in 2024. The major retail brand operates about 1,100 stores nationwide, so the total cuts represent less than 3% of their retail locations.
Kohl's isn't the only company slated for shutdowns. Department store rival Macy's also revealed it will be closing 66 stores early this year. So get ready to grab your favorite top rewards credit cards and hit some store closure sales.
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