Kohl’s, one of the largest department store chains in the United States, announced in January 2021 that it would be closing all its stores nationwide by the end of the year. The company said that the decision was made after “careful consideration” and that it was “the best course of action” for the company.
The news came as a shock to many, as Kohl’s has been a staple in the retail industry for decades. Founded in 1962, the company has over 1,100 stores in 49 states and employs more than 90,000 people. Kohl’s is known for its competitive prices and wide selection of merchandise, which includes clothing, shoes, home goods, and more.
Despite being a well-established retailer, Kohl’s has struggled in recent years as online shopping has become more popular. In 2020, the company reported a net loss of $3 billion and closed several dozen stores. Kohl’s is not alone in this struggle; many other brick-and-mortar retailers have been forced to close their doors in recent years due to competition from online retailers such as Amazon.
The announcement of Kohl’s impending closure came as a blow to employees and customers alike. Many people took to social media to express their sadness at the news and to share memories of shopping at Kohl’s over the years. Some employees said they were given no notice prior to the announcement and are now scrambling to find new jobs.
While it is sad to see such a large retailer close its doors, it is not surprising given the current state of the retail industry. With so many people now shopping online, it is becoming increasingly difficult for brick-and-mortar retailers to compete. Only time will tell if other retailers will be forced to follow in Kohl’s footsteps in the years to come.
Is Kohl’s closing in 2021? Based on the information provided in the article, it seems likely that Kohl’s will indeed be closing all of its stores by the end of 2021.
While this is sad news for employees and customers alike, it is not surprising given the current state of the retail industry.
