JUNE 7, 2022 — KOHL’S IN TALKS TO BE ACQUIRED
The company is in exclusive talks to be acquired by Delaware, Ohio-based retail holding company Franchise Group Inc., the owner-operator of other brands such as The Vitamin Shoppe, Pet Supplies Plus, Sylvan Learning, and others.
A major restructuring and reduction in force may be on the horizon.
FEBRUARY 23, 2021 — WARNING; ACTIVIST INVESTORS
Activist investors, Macellum Advisors, Ancora Holdings, and Legion Partners Asset Management have purchased a 9.5% interest in Kohl’s. This group successfully drove major changes in retailer Bed Bath & Beyond which led to a major restructuring and reduction in force.
SEPTEMBER 15, 2020 — HUNDREDS OF EMPLOYEES TARGETED FOR LAYOFFS IN MULTIPLE STATES
The company has announced that there will be a major reduction in force among its corporate workforce. It is estimated that 15% of Kohl’s employees are affected in Wisconsin, New York, and California.
The decision was driven by the continuing revenue loss from the pandemic. According to a company spokesperson, “The organizational changes we’ve made and a keen focus on our strategic business priorities will continue to support our long-term success.”
FEBRUARY 17, 2020 — Original Post…
Menomonee Falls, Wisconsin-based Kohl's Corp., has announced a reorganization effort that will impact 250 corporate employees company-wide by the end of February 2020.
According to a company spokesperson, "The organizational changes we’ve made are driven by the evolution of our strategic business priorities to create a more agile and empowered organization to support our long-term sustainable growth. The departures include removing a layer of regional store leadership roles and positions, restructuring teams in our merchant organization, and changes to other positions in our corporate offices. This reorganization in our business will empower decision-making, reduce management layers, streamline communications and drive greater efficiency in many areas of our business.” Kohl's said it is continuing to hire in key areas and investing in the stores, technology, and strategic growth initiatives. It is not closing any stores.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?