22. Kohl’s
Year Established: 1962
Store Closures: 27 Branches*
Kohl’s is a department store that offers jewelry, cosmetics, household items, clothing, and more. It shares a composition similar to Macy’s and is proceeding in the same direction as its primary rival. This is due to a Credit study indicating that 25% of malls may close during the next several years. Kohl’s is concentrating on growing its standalone stores and online presence and has closed its mall locations. Because it doesn’t notably rely on mall traffic, Kohl’s has been commended for its economic resiliency.
22. Kohl’s
23. Carter’s
Year Established: 1865
Store Closures: 25 Branches*
OshKosh B’Gosh, the William Carter Company, and other comparable businesses are owned by Carter’s Inc., a baby and kids’ clothing retailer. It generates $3.4 billion in annual revenue and employs close to 21,000 people. Carter’s, however, has had to close a number of locations due to changing customer purchasing trends. Recently, Carter’s closed a number of OshKosh B’Gosh locations. Its presence in physical stores has declined, but it is growing elsewhere. At the moment, it manages brands that are only available at big-box stores like Target, Walmart, and Amazon. Among these brands are Child of Mine, Simple Joys, and others.
23. Carter’s
