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.