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Kohl's is closing 27 stores in 15 states. Here's where they're located

1. Kohl's to close 27 underperforming stores by April across 15 states. 2. Expect $60-80 million in pre-tax charges for store and workforce cuts. 3. Sales decreased over 6% with $10.21 billion in net sales for 2024. 4. Kohl's aims to enhance efficiency with new technology and store fulfillment. 5. An activist investor is pushing for strategies to boost lagging stock.

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FAQ

Why Bearish?

Store closures and decreasing sales indicate potential future financial struggles, negatively impacting stock value.

How important is it?

The closures and financial losses highlight major operational challenges for Kohl's, affecting investor confidence.

Why Short Term?

The immediate impact from store closures and charges may affect stock prices in the upcoming quarters.

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