Sunday, June 19, 2016

Kohl's To Close 17 stores tomorrow June 19th; 9 of the Stores Are in California

Kohl's Department store is closing 17 stores tomorrow, June 19th. Eight of the stores are in Southern California, and one in San Jose. The chain annoucned the closings earlier this year. An additional Kohl's store in Georgia will close in November.
The photos below are of the Kohl's in Upland, California located on Mountain Ave and 8th St. I went in there last week and the place was already a ghost town, completely empty except for some shirts on clearance and a bunch of mannequins on sale for $75 each. The sad part is that this particular Kohls location used to house a Mervyns department store, which was located there for decades. Mervyns, founded in 1949, declared bankruptcy and went defunct in 2008.
The Kohls press release about the store closings, which was issued in March, stated, in part,
"Kohl's also continues to explore ways to enhance shareholder value through the optimization of its existing store portfolio. In 2016, Kohl's will close 18 underperforming stores representing less than one percent of total sales. To reach this decision, Kohl's conducted a comprehensive review of all of the markets across the country to understand every element that contributes to making a store successful - from review of the other stores in each trade area, to the rent and expenses involved in operating any location, to how each customer base is evolving and adapting to the company's integrated omnichannel efforts. An important part of this decision was to ensure we could take care of every impacted store associate. We are proud to share every eligible store associate will be offered the opportunity to work at a nearby Kohl's or, if they choose, can accept a competitive severance package. On average, Kohl's stores employ approximately 80-100 associates.
... The following affected stores will be closed as of June 19, 2016:
  • Arcadia, CA -7279 N. Rosemead Blvd., San Gabriel, Calif.
  • Cypress, CA - 10201 Valley View St., Cypress, Calif.
  • Ladera Ranch, CA - 27426 Antonio Parkway, Ladera Ranch, Calif.
  • Mira Mesa, CA - 8140 Mira Mesa Blvd., San Diego, Calif.
  • Rancho Cordova, CA - 11051 Olson Drive, Rancho Cordova, Calif.
  • Santa Ana, CA - 1351 W. 17th St., Santa Ana, Calif.
  • San Jose East, CA - 2323 McKee Road, San Jose, Calif.
  • Upland South, CA - 233 S. Mountain Ave., Upland, Calif.
  • West Hills, CA -6651 N. Fallbrook Ave., West Hills, Calif.
  • Hialeah, FL -700 W. 49th St., Hialeah, Fla.
  • Tallahassee, FL- 6785 Thomasville Road, Tallahassee, Fla.
  • Holcomb Bridge, GA -2342 Holcomb Bridge Road, Roswell, Ga.
  • Lithonia, GA - 2929 Turner Hill Road, Lithonia, Ga. -Note: The Lithonia, Ga. store will close November 1, 2016.
  • Northlake Mall, GA - 4820 Briarcliff Road, Atlanta, Ga.
  • Saint Charles, IL -3840 E. Main St., Saint Charles, Ill.
  • Pineville, NC - 9579 S. Blvd., Charlotte, N.C.
  • Princeton, NJ - 200 Nassau Park Blvd., Princeton, N.J.
  • Brown Deer, WI -9060 N. Green Bay Road, Brown Deer, Wis.




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