Kohl’s to close its discount stores
Kohl’s Corp. is shutting down its discount pilot.
The department store retailer will close its Off/Aisle by Kohl’s locations on August 3, reported the Milwaukee Journal Sentinel. Kohl’s debuted the off-price format, which was designed to sell deeply discounted merchandise that customers had returned to Kohl’s full-price stores, in May 2015, in Cherry Hill, N.J. The company went on to open three additional locations, all in the Milwaukee area.
“While we’ve learned a lot from the tests, we also learned that our strength and ongoing improvements in inventory management across the company do not allow us to appropriately stock Off/Aisle stores at scale,” Jon Grosso, an executive VP at Kohl’s, wrote in a memo to store employees, according to the report.
Trying to make sense of "..our strength...in inventory management do not allow us to appropriately stock Off/Aisle..." Can it be that complicated to fill up a handful of stores with some decent well priced product?