Kohl’s is looking for in-store grocery partners

1/12/2018
It’s a truism that grocery stores attract traffic for in-line retailers in shopping centers, a fact that has not been lost on Kohl’s.

Right-sizing 300 of its stores has left some gaping holes in these 80,000-sq.-ft.-plus boxes that the retailer intends to fill with grocery and convenience store partners, according to a report from CNBC.

Kohl’s CEO Kevin Mansell told the cable network that the company is preparing a list of food-driven retailers that it will approach to lease space in the reconfigured stores. The chain currently has a partnership with Amazon through which it sells some of its merchandise and accepts its returns.

"If we had our preference, we are going first after well-capitalized companies, and preferably ones that have high traffic in grocery and convenience," Mansell said. "It's not about Whole Foods, Aldi, or anybody else … we want a partner, ideally in food or convenience, to help drive traffic."

Kohl’s will reveal more about its in-store leasing plans in its March 1 earnings call.

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