Kohl’s is offering up space for lease in its four Louisiana stores as part of a national effort the retailer has launched to reduce its footprint to improve profitability.
The chain wants to lease about 24,100 square feet of space in its Baton Rouge, Covington, Shreveport and Monroe stores, said Larry Rabin, of Corporate Realty in New Orleans. Kohl’s is carving out a strip of space along the side of the store for lease.
The moves will trim the Kohl’s stores in Baton Rouge and Covington down to about 63,000 square feet.
Because the properties are in high traffic shopping centers, Rabin said there should be interest in the leases. “We’re looking to see who is out there,” he said.
Earlier this year, Kohl’s CEO Kevin Mansell told CNBC the chain had its eye on leasing space to convenience or grocery stores.
In August, Kohl’s said it planned to make nearly half of its 1,100 stores smaller operationally. The chain is also opening 35,000 square foot stores across the U.S.