As retailers of a certain age scramble to resonate with consumers in 2019, 57-year-old Kohl’s has implemented an interesting tactic: It is downsizing some stores and leasing or selling “underutilized square footage” to brands like discount grocer Aldi and gym chain Planet Fitness.
In a January 2019 SEC filing, Kohl’s said it will close four low-performing stores this year and open four smaller format locations, so it will retain a U.S. store count of about 1,160.
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