By Bill Read
May 31, 2022
Kohl’s Announces New Store Strategy for Rural Markets.
RETAIL SPECIALISTS’ EVP BILL READ RESEARCHES THE FIRST 5 EXPANSION STORES OF KOHL’S NEW SMALLER FORMAT STORES.
- New store layout
- 5 new locations
- KOHL’S 3 tiered site criteria
Kohl’s, the largest department store chain in the U.S., is rolling out a new store program. The plan is to open smaller format stores, primarily 35,000 sf, and are estimated to generate $5 million per store in average unit sales.
The retailer announced in April ’22 the locations of the first five new, smaller stores as part of this new expansion program. Three of their five new stores are located in these “Rural Markets.” They will open 100 of these new stores in the next four years.
The Read Report
Industry report on trends with commercial retail real estate.
Researched and written by Bill Read.
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