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Kohl’s stores closed, employees furloughed during coronavirus

Kohl’s stores won’t reopen any time soon. 

With the uncertainty of the coronavirus pandemic, Kohl’s Corp. is temporarily furloughing store and store distribution center associates and some corporate office associates. The stores will be closed until further notice. The company made the announcement Monday afternoon in a news release. 

The Wisconsin-based corporation plans to decrease its capital expenditures by half a billion dollars, it said in the news release. 

“As a company, we operate with great discipline to maintain a strong balance sheet and financial flexibility,” said Michelle Gass, Kohl’s chief executive officer. “Given these extraordinary circumstances, we are taking difficult and decisive actions to strengthen our financial liquidity and secure the financial position of the company for the long-term benefit of our associates, customers and shareholders.”

Coronavirus store closings:Kohl’s, Macy’s announce closures have been extended

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