Kohl`s to partner with grocers or convenience stores to fill vacant store space


Kohl`s to partner with grocers or convenience stores to fill vacant store space


  • Kohl`s plans to partner with retailers like grocery stores or convenience stores to lease space in its stores.
  • The department store has made roughly 300 of its stores operationally smaller, leaving white space.
  • Grocery and convenience stores can be strong traffic drivers.

    Kohl`s plans to partner with retailers like grocery stores or convenience stores to lease the white space left by the roughly 300 stores it has "right-sized" over the past several years, CEO Kevin Mansell told CNBC at ICR`s conference this week.

    The department store has created operationally smaller, more profitable stores within its roughly 87,000-square-foot boxes. That downsizing leaves unused footage, which Mansell said would benefit from traffic-generating retailers like those that sell food.

    "If we had our preference, we are going first after well-capitalized companies, and preferably ones that have high traffic in grocery and convenience," Mansell said...

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RSK: For some reason I am having a hard time wrapping my head around this idea.

Ken Notes: I love this idea and Amazon needs more outlets for food so watch for a partnership here. Whole Foods light -- and for the record Trader Joes runs out of 15K square feet -- Just about what Kohls has freed up...

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- - Volume: 6 - WEEK: 3 Date: 1/16/2018 10:12:16 AM -