Kohl’s said it is looking to lease space in stores it has “right-sized” and is eyeing grocery stores and convenience stores as possible tenants, according to a report from CNBC.
While the report did not offer specifics on possible partners for Kohl’s, the retailer’s CEO, Kevin Mansell, said his company is looking for well-capitalized companies and prefers those that have high traffic in grocery and convenience. More details on the plan are expected to be discussed during Kohl’s March 1 earnings call.
This past September, Kohl’s— which was named a HomeWorld Business 2018 Retailer To Watch— launched smart home experience shops with Amazon in 10 Kohl’s locations in Los Angeles and Chicago. Those shops allowed shoppers to purchase Amazon devices, accessories and smart home products directly from Amazon.
That relationship was expanded in October when Kohl’s said it would accept and process Amazon.com returns for free at 82 of its Los Angeles and Chicago metropolitan area locations.