(Patriot.Buzz) – Proud American retailer Kohl’s is closing 27 stores by April 2025 as it surrenders to the relentless assault of online shopping and the failed Bidenomics plan.
This dramatic move comes after 11 straight quarters of plummeting sales.
The Wisconsin-based company, which has been a staple in American communities for decades, is feeling the squeeze of changing consumer habits and economic pressures.
Ten of the closing stores are located in California, making it clear that even the once-golden state is not immune to the retail apocalypse sweeping the nation.
Kohl’s outgoing CEO, Tom Kingsbury, attempted to put a positive spin on the closures, stating,
“As we continue to build on our long-term growth strategy, it is important that we also take difficult but necessary actions to support the health and future of our business for our customers and our teams.”
The retailer’s struggles are not isolated. Macy’s, another iconic American department store, is set to close 66 locations early this year as part of a larger plan to shutter 150 underperforming stores by 2026.
This widespread decline in traditional retail paints a grim picture of the American economy under the current administration.
“While Kohl’s continues to believe in the health and strength of its profitable store base, these specific locations were underperforming stores,” Kohl’s stated, attempting to downplay the severity of the situation.
Moreover, the company’s shares have plummeted by more than 50% since January 2024, a stark indicator of the challenges facing American businesses in today’s economic climate.
High inflation, a direct result of reckless government spending and misguided economic policies, has severely impacted consumer spending, particularly on discretionary purchases at department stores.
The full extent of the damage will be revealed when the company reports its full-year sales in February.
As Kohl’s and other traditional retailers struggle, clearly, the American dream of brick-and-mortar success is under siege.
The closure of these stores not only impacts the employees directly affected but also chips away at the fabric of local communities that have long relied on these establishments as economic anchors.
Despite the challenges, Kohl’s remains optimistic about its future. The company still boasts more than 1,120 stores nationwide and is experimenting with new initiatives like adding Babies R Us sections to 200 of its locations.
While the retail landscape evolves, time will tell if these strategic decisions will steer the company back to profitability.
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