Kohl's planning to close some stores
Posted: Feb 25, 2016 1:30 PM EST | Updated: Feb 25, 2016 1:34 PM EST
In its financial statement just released, Kohl's says it will be closing 18 under-performing stores.
They said the stores represent less than 1-percent of its total sales.
The specific locations will be announced by the end of March.
The closures are expected to generate annual SG&A savings of approximately $45 million and annual depreciation savings of approximately $10 million, according to the company.
