Popular Stores That Are Closing Locations in 2022

Kohl’s

Wikimedia Commons / Kingofthedead / CC 4.0

The department store chain has been doing a lot to revamp their image in recent years, like carrying clothing designed by high-fashion designers and celebrities, but it hasn’t been enough to secure its fate. Sales were down around 40% in the first quarter of 2021 and Brookfield Asset Management, the owners of competitor JCPenney, put in an offer to buy the company that ultimately fell through due to a decrease in sales caused by inflation. 

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