MENOMONEE FALLS, WI (WTAQ) - The Kohl's department store chain has scrapped plans to build a new quarter-billion dollar headquarters facility in Menomonee Falls.
Instead, the firm said Thursday it would buy two vacant existing buildings near its current headquarters in Menomonee Falls.
Kohl's did not say why it moved toward a less expensive expansion plan. The Journal Sentinel said it might be because of Kohl's recent report of lower sales, and quarterly earnings that were 18 percent less than a year ago.
Kohl's said it would convert the former Innoware plant -- a 300,000 square foot structure -- into a new information technology facility.
Also, Kohl's is buying a 28,000 square foot building, and will use it for an expanded employee wellness center. That stucture used to be owned by the Pro Health medical firm.
Kohl's did not say what it would pay for either building. The firm said it would continue operating its three other facilities in the Milwaukee area which house offices, a credit center, and a photo studio.