By james art On January 9, Kohl announced the closure of its Fremont store on the 43782 Christy St. The store is expected to end by April this year.
Kohl’s Fremont was opened in 2004 at the Pacific Commons Shopping Center. What was once a lively hub for clothing buyers is now mostly deserted even on weekends. But not only is Kohl experience this effect of the city city. Statista data show that the total annual revenue of US universal stores is $ 136 billion, $ 49b $ of what it was 10 years ago. With more people who receive their goods online, this is a trend that is expected to continue. But some still prefer a personal shopping experience.
“First, the closing news of Macy and now it’s sad,” said the resident Tina Martinez.
In addition, the retailer will close 27 stores on its network from more than 1150 seats, indicating insufficient implementation as a major factor.
Confident Kohl employees have been informed and will be offered packages for compensation or opportunities to apply for other roles in the company.
“We always make these decisions very seriously,” said Tom Kingsbury, CEO of Kohl. “As we continue to upgrade our long -term growth strategy, it is important to take difficult but necessary actions to support the health and future of our business for our clients and our teams.”