secwatch.observer — SEC 8-K summary
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Issuer:     KOHLS Corp (KSS)
CIK:        0000885639
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001193125-25-004437
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.05, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Kohl's to close 27 stores, San Bernardino EFC; expects $60-80M pre-tax charges in Q4 2024
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- Closure of 27 underperforming stores by April 2025 and San Bernardino EFC when lease expires in May 2025.
- Estimated cumulative pre-tax charges of $60M–$80M, including $30M non-cash asset charges and $30M–$50M cash for severance and exit costs.
- Charges expected to be substantially incurred in Q4 2024; company reaffirms FY2024 outlook excluding these charges.
- Closed stores represent ~2.3% of Kohl's more than 1,150 locations; impacted associates offered severance or open roles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885639/000119312525004437/0001193125-25-004437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885639/000119312525004437/d880965d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-004437

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