Kohl’s Closing 27 Stores Across The US Including In Mid-Atlantic

 Kohl's has announced the closing of 27 underperforming stores across the US, including locations in Pennsylvania, New Jersey, Massachusetts, and Virginia. This decision, made on January 9, is part of the company's real estate changes for 2025. The store closures are set to be finalized by April 2025 and aim to strengthen Kohl’s store portfolio while adapting to changing consumer trends. Affected locations include Pottstown in Pennsylvania, East Windsor in New Jersey, Stoughton in Massachusetts, and Herndon and Williamsburg in Virginia.

Kohl's CEO, Tom Kingsbury, explained that these difficult decisions are necessary to support the long-term health and growth of the business. Employees at the affected stores have been informed and will receive severance packages or options to apply for other positions within the company. Additionally, Kohl's plans to close its San Bernardino E-commerce Fulfillment Center in California when its lease ends in May 2025. Despite these closures, Kohl’s remains committed to its profitable store base, which includes over 1,150 locations nationwide, while also focusing on improving its smaller stores and digital shopping experience.

https://dailyvoice.com/ny/roslyn/kohls-closing-27-stores-across-the-us-including-in-mid-atlantic/?emh5=d33a913703bb53a55ee5d289dc7f8a85&emh256=27fa2b6df20db4f140cc2d25d3095db003b9ef7b0028a424a024cff4a8519bbd&emh256_base=d27ac9461af8e447a79959c1eeae4eb5439

Macy’s Closing 66 Stores Including 9 Locations In NY

Macy's, Inc. announced on January 9 that it will close 66 stores across the country, including nine locations in New York, as part of its "Bold New Chapter" strategy. This strategy aims to focus on sustainable and profitable sales growth by shutting down underperforming locations. The closures, which will be completed in the first quarter of 2025, affect stores in Virginia, New Jersey, New York, Massachusetts, and Maryland.

The specific New York locations slated for closure include stores in Lake Success, Melville Mall, Queens Place, Sheepshead Bay, Mall at Greece Ridge, Sunrise Mall, Brooklyn, Staten Island Furniture, and Fordham Place. Macy's first announced the Bold New Chapter strategy in February 2024, with plans to close around 150 stores and invest in its remaining 350 locations that are performing well.

https://dailyvoice.com/ny/roslyn/macys-closing-66-stores-including-9-locations-in-ny/?emh5=d33a913703bb53a55ee5d289dc7f8a85&emh256=27fa2b6df20db4f140cc2d25d3095db003b9ef7b0028a424a024cff4a8519bbd&emh256_base=d27ac9461af8e447a79959c1eeae4eb54396efb2cf7e76f