The Mira Mesa Kohl’s store is one of 18 nationwide and nine in just California that the company plans to close in June.
The retailer’s local at 8140 Mira Mesa Blvd. will be closed by June 19, the company said.
Kohl’s Corp. announced last month that it was closing 18 brick-and-mortar stores across the country. CEO Kevin Mansell said the stores to be closed account for less than 1 percent of the company's sales.
In total, nine stores will close in California, and eight other stores in Florida, Georgia, North Carolina, New Jersey and Wisconsin will also close.
The closures are a shift away from the retailer’s aggressive expansion of stores in recent years across the country.
“While the decision to close stores is a difficult one, we evaluated all of the elements that contribute to making a store successful, and we were thoughtful and strategic in our approach. We are committed to leveraging our resources on our more productive assets,” Mansell said in a statement.
Kohl’s will also make its first entry into the outlet space in the coming year, with plans to open 12 FILA outlet stores.
The Wisconsin-based retail chain reported fiscal fourth-quarter earnings of $296 million Thursday on net income of $1.58 per share. The results exceeded Wall Street expectations. The department store operator posted revenue of $6.4 billion for the quarter.