Kohl's plans to close 18 stores

Kohl's plans to close 18 stores
Posted at 12:28 PM, Feb 25, 2016
and last updated 2016-02-26 08:09:00-05
MENOMONEE FALLS -- Kohl's Corp. says it will close a small fraction of brick-and-mortar stores as it meets the needs of its online customers.
Kohl's closure of 18 stores this year is a shift away from its aggressive expansion of stores in recent years across the country.
CEO Kevin Mansell says the stores to be closed account to less than 1 percent of the company's sales.
Kohl's has not announced which stores will be involved.
The Menomonee Falls retail chain reported fiscal fourth-quarter earnings of $296 million Thursday on net income of $1.58 per share. The results exceeded Wall Street expectations.

The department store operator posted revenue of $6.4 billion for the quarter.