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Kohl’s ( (KSS) ) has provided an announcement.
Kohl’s Corporation announced plans to close its San Bernardino E-commerce Fulfillment Center and 27 underperforming stores by mid-2025 as part of its strategy to optimize operations and enhance efficiency. These actions are expected to incur pre-tax charges of $60 million to $80 million, but they are not anticipated to affect the company’s financial outlook for 2024, as these charges will be excluded from non-GAAP financial measures. The closures are intended to support the long-term health of Kohl’s business by leveraging newer technological capabilities and reallocating resources more effectively.
More about Kohl’s
Kohl’s Corporation operates in the retail industry, focusing on offering a wide range of products including apparel, footwear, and home products. The company is well-known for its department stores and has a significant presence across the United States.
YTD Price Performance: -3.85%
Average Trading Volume: 9,076,691
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.5B
For a thorough assessment of KSS stock, go to TipRanks’ Stock Analysis page.
