Kohls Shutting Down In MASS, The Reason Why Is Horrifying Time and time again, President Barack Obama has assured the American people that our economy is in solid groundbut stories like this one paint a very different picture. According to reports from Conservative Tribune, the popular Kohls department store chain just announced that they intend to close 18 retail locations. The announcement came shortly after a report that noted that Kohls profits had dropped about 20 percent in the fourth quarter of the last fiscal year. The sales are also expected to remain flat this year. Kohls will be confirming exactly which stores they will close later this month, but they maintain that the cuts will save the company upwards of $45 million. That adds up to about 1 percent of sales. This closure is just one examples of the many store chains that are struggling to survive. Other stores include Macys, Sears, and Walmart. This is what is happening to American businesses at the hands of Barack Obama. What do you think? Will you continue to support Kohls? 