Kohl’s
This year, Kohl’s wants to close four stores located in or around malls. The company said these were “lower performing” stores. The employees previously assigned here got severance pay or were located to other shops. However, it seems like it was a prevention measure than an urgent need since the company wants to open four smaller shops!
Kohl’s
ADVERTISEMENT
J. Crew
Michelle Obama is a big fan J. Crew, which planning to shut down locations. Its sales have gone down recently. According to former CEO Mickey Drexler, the company is in hot water because it raised prices.
J. Crew