Kohl’s has announced it will close 27 stores across more than a dozen U.S. states as part of a plan to strengthen its financial performance. The closures, expected to be completed by April, affect only a small fraction of the company’s approximately 1,150 locations nationwide.

Company leaders emphasized that the majority of stores remain profitable and continue serving customers well. The underperforming locations were specifically chosen for closure as part of a broader strategy to reallocate resources toward stronger markets.

Outgoing CEO Tom Kingsbury described the decision as difficult but necessary for long-term stability. Leadership will soon transition to Ashley Buchanan, who will take over as chief executive, while Kingsbury stays on as an advisor temporarily.

Like many department store chains, Kohl’s has faced challenges from shifting consumer habits. Shoppers increasingly prefer online options, and overall sales have softened. The retailer recently projected a weaker holiday season than anticipated, adding pressure to its stock performance.

These closures mirror similar announcements from other major retailers adapting to changing behavior and economic pressures. The retail landscape continues evolving as traditional stores adjust their approaches.

Kohl’s says its focus will now be on profitable locations while modernizing stores and enhancing the shopping experience nationwide. The company remains committed to serving customers effectively during this transition.

By concentrating on strong markets and improving store performance, Kohl’s aims to maintain competitiveness. The company positions itself for sustainable growth in an ever-changing retail environment through these strategic adjustments.