Kohl's Corporation (NYSE:KSS) shares are trading lower on Thursday as it announced that it is preparing to close 27 underperforming locations. The closures, announced in January, are part of a broader transformation strategy to reshape the retailer's operations.

USA Today reports that 29th March marks the final day of operation for these stores. The company is also shutting down its e-commerce fulfillment center in San Bernardino, California, in May.

Coresight Research predicts that around 15,000 stores will close this year, more than twice the 7,325 closures recorded in 2024.

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According to Benzinga Pro, KSS stock has lost over 69% in the past year. Investors can gain exposure to the stock via WBI Power Factor High Dividend ETF (NYSE:WBIY).

In its most recent earnings report, Kohl's posted a 9.4% year-over-year sales decline to $5.175 billion, surpassing analysts' expectations. The comparable sales dropped 6.7%, and operating income fell sharply to $126 million from $299 million last year.

Looking ahead, Kohl's expects a sales decline of 5% to 7% in fiscal year 2025, with an expected earnings per share range of $0.10 to $0.60. The company anticipates comparable sales will decrease by 4% to 6%.

Brands like Forever 21, JCPenney, Joann, Dollar General, CVS, and Walgreens are also closing locations this year.

Price Action: KSS shares are trading lower by 1.62% to $8.81 at last check Thursday.

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