- Kohl’s plans to lease space in some of its stores to other retailers.
- The company had downsized some of its larger stores in order to better manage inventory, leaving some space vacant.
- Kohl’s CEO Kevin Mansell said the company is even considering working with competitors.
Kohl’s Corp plans to lease space left vacant after shrinking some of its stores to retailers such as grocery stores or convenience stores, Chief Executive Kevin Mansell told CNBC.
Not all of Kohl’s roughly 300 “right-sized” stores will necessarily lease unused footage, at least at the start, Mansell said.
He added that the company has already identified “a whole list of partners” and was also considering partnerships with competitors.
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