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Kohl's taps grocer Aldi as its first partner to sublet space in downsized stores [CNBC]

KOHL'S (KSS)  More Company Research Source: CNBC
Last kohl's earnings: 5/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.kohls.com/investors
PDF Kohl's will bring discount grocer Aldi into as many as 10 stores in a pilot test this year. The retailer's right-sizing efforts have the goal of creating smaller, more profitable locations. Excess space in Kohl's stores could be leased to a whole list of partners, according to CEO Kevin Mansell. Published 1 Hour Ago Updated 8 Mins Ago CNBC.com Getty Images A Kohl’s department store in Jersey City, New Jersey. Kohl's said Thursday it would bring discount grocer Aldi into as many as 10 stores later this year in a pilot test, as the retailer aims to scale down its real estate footprint and leverage space for others. CNBC reported in January that Kohl's would be working with grocers and convenience stores to lease space in its stores. At the time, the company didn't disclose which companies would be moving in. The retailer's right-sizing efforts are expected to impact an additiona [Read more]

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