Tuesday, February 28, 2017

As online grows, Kohl’s looks to smaller stores with less inventory

Image result for kohl's small storesKohl’s Corp. is moving aggressively to reduce the size of its stores following store sales declines in the fourth quarter and for the fiscal year ended Jan. 28.

Kohl’s operates three classes of stores. The standard store size is about 88,000 square feet—970 of Kohl’s fleet of 1,155 stores were this size as of the third quarter. 178 stores were in the range of 55,000 to 68,000 square feet, which the company calls its small size. The remaining seven stores were 35,000 square feet—a size Kohl’s began testing in mid-2016. For the full fiscal year, Kohl’s opened nine of the smallest format and closed 19 larger stores. . . . more

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