Kohl’s just pulled the trigger—and thousands of shoppers never saw it coming.
Twenty-seven stores across 13 states are set to vanish, even as the company insists its future is “stronger than ever.” At the same time, the CEO is stepping aside, a new leader is stepping in, and the clock is ticking toward A
Kohl’s move to close 27 underperforming stores is more than a cost-cutting headline; it’s a calculated bet on survival in a bruising retail landscape. By trimming weaker locations in states like California, Texas, Illinois, and Georgia, the company is trying to pour more energy and investment into markets where shoppers are still walking through the doors—and clicking online. The message is clear: fewer stores, sharper focus.
The leadership handoff from Tom Kingsbury to incoming CEO Ashley Buchanan adds another layer of uncertainty and hope. Buchanan arrives from Michaels with experience in transforming a legacy retailer for modern customers. As Kohl’s leans harder into redesigned layouts, broader product categories, digital convenience, and visible community and sustainability efforts, the stakes are high. For employees and loyal shoppers, these changes are not abstract strategies—they’re a test of whether a 1962-born department store can still write a future in 2026 and beyond.