Could Mini Kolhs Stores Start Popping Up?

Last year Kohls closed 19 stores and executives just announced this week that the company will continue to cut down on its square footage over time. Does this mean more closings?

Surprisingly, Kohls has another idea. The company has been testing pint-size versions of its traditional locations. For many years now Kohls has tested 55,000-square-foot locations but last year it piloted a 35,000 version.

Keep in mind that a traditional Kohl’s store measures closer to 80,000 or 90,000 square feet.

Kohls operated 1,154 locations at the end of fiscal 2016, including nearly 200 small format stores.

For Q4, Kohls earned $1.44 per share which came in higher than the Street’s estimate of $1.33 per share, according to Thomson Reuters. Revenue came in at $6.21 billion, just a little shy of the $6.22 billion that was anticipated.

Disclaimer: We have no position in Kohl’s Corporation (NYSE: KSS) and have not been compensated for this article.