Kohl’s Real Estate is Giving it the Leg Up

 

Though the pandemic has been a hard hit on retailers, Kohl’s is showing surprising confidence in their post-pandemic outlook.

Kohl’s announced Thursday morning that it plans to have 25% of its stores reopened by the week of May 11, including in states such as Texas, Alaska, Arkansas, South Carolina, Utah and Oklahoma. According to chief executive Michelle Glass in a CNBC interview, she claims Kohl’s biggest asset has been its “real estate portfolio.”

On this week’s Secure the Bag, a Business Casual segment, host Taylor Bagley gives insights on the logistical challenges Kohl’s has overcome to stay afloat during the pandemic, and why its real estate decisions are separating it from other big box retailers filing for bankruptcy like Neiman Marcus.

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