There have been some dynamic changes in business models over the past few years here in Texas and across the U.S. Lately, it seems that so many beloved companies are regularly closing stores or even going bankrupt.
Earlier this year, another major department store revealed its plans to slash jobs and close several of its stores after underperforming in 2024.
Popular Retailer, Kohl’s, Closing More Stores
By the time this round of layoffs is through, Kohl’s will have laid off 10% of its corporate workforce and closed 27 stores in 15 states. That is a lot of stores, but even after the closures there will still be around 1,120 Kohl’s stores still operating nationally.
“The real estate closures and the corporate workforce reduction are both actions to support our commitments to increase efficiencies and improve profitability in the business for the long-term benefit of our associates and customers,” the Menomonee Falls, Wisconsin-based company said in a Friday statement…