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New York Post
16 days

Kohl's to close 27 department stores nationwide — including 10 in California

1. Kohl's will close 27 underperforming locations in 14 states. 2. Sales have declined for 11 consecutive quarters, with a drop of 9.3% last quarter. 3. Full-year net sales are expected to drop 7% to 8%, worsening previous estimates. 4. Customer visits fell by 6.2%, indicating reduced consumer interest in Kohl's stores. 5. Kohl's has lost over 50% of its shares since January last year.

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FAQ

Why Very Bearish?

The store closures and significant sales declines signal ongoing business struggles, potentially impacting stock negatively.

How important is it?

The article discusses critical changes impacting Kohl's financial health and operational strategy.

Why Short Term?

Immediate closures and sales forecasts suggest quick repercussions on investor confidence and stock price.

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