The Menomonee Falls-based retailer has been struggling to maintain a customer base and adapt to changing shopping trends.
Kohl’s Corp. is eliminating about 10% of roles that report into its corporate offices as part of the retailer’s bid to improve results.
The downsizing follows store closure plans and will mostly entail eliminating open roles, with layoffs impacting fewer than 200 people.
Kohl's Corp. announced on Tuesday it will cut roughly 10% of its workforce at its corporate headquarters. The announcement comes just weeks after the retailer said it would close 27 stores and an e-commerce distribution center.
Kohl's announced it has cut 10% of the jobs at its Menomonee Falls corporate office. About half of the cuts will result from closing open positions. The cuts come less than two weeks after new CEO Ashley Buchanan took over the company's top position.
In an message to employees, CEO Ashley Buchanan said about 10% of roles reporting to the corporate headquarters have been cut, open positions closed
Kohl's Inc. (NYSE: KSS) is cutting around 10% of its corporate workforce, impacting fewer than 400 roles, after the appointment of new CEO Ashley Buchanan.
Shares of Kohl’s Corp ($KSS) rose 0.4% in after-hours trading on Tuesday as reports surfaced about the retailer’s corporate workforce reduction plan, reviving retail sentiment. According to several media outlets,
Menomonee Falls-based retailer Kohl's Corp. made a round of layoffs Tuesday, eliminating 10% of "the roles that report into its corporate offices,"
The closures across 15 states are expected to take place by April. Each of the locations set for closure were identified as “struggling” the retailer said. The retailer is also closing its E-Commerce Fulfillment Center in May when the facility’s lease expires.
Kohl's announces corporate layoffs following store closures and CEO replacement, as stock falls by 52% in the last 12 months.
(Reuters) -Kohl's said on Tuesday it has reduced nearly 10% of its corporate workforce, as the department store chain aims to improve profitability. The company said more than half of the total reductions would come from closing open positions, while the rest from eliminating roles currently held by its associates.