Kohl’s looks to lease space to traffic-generating merchants
Kohl’s Corp. wants to partner with other retailers to lease unused space in its “right-sized” stores.
Kohl’s, which has made about 300 of its stores operationally smaller, plans to partner with retailers, ideally grocers or convenience stores, to lease the available white space in its downsized stores, CNBC reported.
"If we had our preference, we are going first after well-capitalized companies, and preferably ones that have high traffic in grocery and convenience," Kohl’s CEO Kevin Mansell told CNBC.
Kohl's may partner with several retailers in group rollouts and it could also partner with some merchants as a one-off, the report said.
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Kohl’s, which has made about 300 of its stores operationally smaller, plans to partner with retailers, ideally grocers or convenience stores, to lease the available white space in its downsized stores, CNBC reported.
"If we had our preference, we are going first after well-capitalized companies, and preferably ones that have high traffic in grocery and convenience," Kohl’s CEO Kevin Mansell told CNBC.
Kohl's may partner with several retailers in group rollouts and it could also partner with some merchants as a one-off, the report said.
Click here to read more.