Kohl's is shrinking its stores and adding Planet Fitness gyms

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Kohl's is shrinking its stores and adding Planet Fitness gyms
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Kohl's has been one of the few department stores to have avoided mass store closings by being located off-mall and shrinking its stores.

Analysts say this is one of the reasons why Kohl's has managed to stave off mass store closings and report strong sales during the retail apocalypse.

Rather than close stores, it has shrunk their size - opening smaller locations that are about 35,000 square feet and reducing the footprint of existing stores to make space for partnerships with other retailers, such as Aldi and Planet Fitness.

He continued:"In addition, we are also working with a variety of retailers who are looking to downsize their boxes in markets, where we're looking to expand our presence."

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