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Kohl’s in St Charles Closing; Stores in Arlington Heights, Mt Prospect, Schaumburg to Remain Open

Sun March 20 2016 2:10 pm  http://www.arlingtoncardinal.com/?p=77796
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The Kohl’s store St. Charles location, at 3840 E. Main St., will be closed by June 19, 2016 — one of 18 stores the company plans to close in June, 2016.

Kohl’s Corp. announced last month that it was closing 18 brick-and-mortar stores across the country. In addition to the St. Charles Kohl’s location, nine stores will close in California, and eight stores will close in Florida, Georgia, North Carolina, New Jersey and Wisconsin. Kohl’s CEO Kevin Mansell said the stores to be closed account for less than 1 percent of the company’s sales.

The closest stores to Arlington Heights will remain open. Two Kohl’s in Schaumburg, the one store in Mount Prospect, and the one store in Arlington Heights will remain open.

The retailer recently had an aggressive expansion of stores across the country, but now will be expanding with some smaller format stores. Seven new “smaller format” Kohl’s stores in various regions around the country, as well as two “off-aisle” pilot spin-off discount stores in Wisconsin. Kohl’s headquarters is in Menomonee Falls, Wisconsin — a suburb of Milwaukee.

Kohl’s will also make its first entry into the outlet space in the coming year, with plans to open 12 FILA outlet stores.

The Wisconsin-based retail chain reported fiscal fourth-quarter earnings of $296 million Thursday on net income of $1.58 per share. The results exceeded Wall Street expectations. Kohl’s posted revenue of $6.4 billion for the quarter.




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