Find in the news:
BY COUNTRY

Kohl’s Planning More Small-Format Stores



Kohl’s has announced plans to increase focus on small-format stores and e-commerce.
As the retail landscape continues to evolve, the retail behemoths of yesteryear are coming to terms with some simple facts. One simple one that has come to the forefront is that not all markets can support a monstrous department store. That’s partially what’s led to the rash of closings that has impacted the retail industry as the giants right their respective ships.

Kohl’s

Of course, some retailers remain ahead of the curve and already have the wheels in motion to go with the flow. One retailer that fits in that category is Kohl’s. The company has announced some exciting plans they have in the works, including an increased focus on small-format stores.  

“Our stores remain at the core of our omnichannel strategy and we will continue to invest in them by opening smaller formats, rightsizing and optimizing our selling space and working to ensure that shopping in our stores is an engaging and inspiring experience for our customers,” Kevin Mansell, Kohl’s chairman, chief executive officer and president, said in a statement. “We have set a goal to be the best-in-class omnichannel retailer and opening our fifth e-commerce distribution center will support the delivery of online orders faster and more efficiently to customers nationwide.”

The new e-commerce fulfillment center will be opening up n Plainfield, Ind. Other Kohl’s fulfillment centers are located in San Bernardino, Calif., Edgewood, Md., Monroe, Ohio, and DeSoto, Texas. As for the small-format stores, Kohl’s announced that four 35,000-square-foot stores are on the way to join the eight small-format stores that are already in the fold. The new stores will be located in North Smithfield, R.I., Blue Ash, Ohio, East Windsor, N.J., and Montebello, Calif.

Howard Davidowitz, chairman of retail consulting and investment banking firm Davidowitz & Associates Inc., offered up some thoughts on Kohl’s while chatting with Retail Dive. 
 
“Kohl’s has the best ROI, the best profitability and seven points less in cost because they’re off the mall, not on the mall,” he said. “They have the lowest cost structure. They’re like T.J. Maxx - 80,000-square-foot stores but a racetrack format with central checkout. Kohl’s has the least adjustments to make and ... the best matrix because they’re not a high-cost operator."

Kohl’s has also announced that nearly half of its stores will be operationally smaller by the end of this year. Add it all up, and exciting things are happening at Kohl’s - and we don’t just mean the never-ending deals for shoppers.  

Related shopping malls and stores:

More about shopping malls in the USA



YESTERDAY, Italy:
Fendi Casa is starting a new stage of life and hopes that the partnership with Italian Design Holding will strengthen the position of the luxury furniture brand in the world market.
YESTERDAY, Sweden:
The long-awaited scheme to buy back and resell used furniture is expected to reduce the number of items sent to landfills.
DAY BEFORE YESTERDAY, China:
According to the concept's authors, shopping malls don't have to be "bright, white, and shiny," according to the authors of the idea.
DAY BEFORE YESTERDAY, USA:
After a video of a drone flying through a bowling alley went viral, mall executives invited its creators to make a video about the mall.
Apr 30, 2021, USA:
The store is just full of experiences, with little visitors and their parents having plenty of fun and entertainment.
Apr 29, 2021, USA:
Although restaurant operations have been suspended in many countries, the U.S. divisions of popular restaurant chains report revenue growth.
Friend
and Follow
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us