Yes totally confirmed that Kobalt as we know it is kaput.
Few weeks ago I was in my local Lowes, still stocked with Kobalt...not much there on blowout & not much Cman either. Asked the woman at the register when the store might be changing over...said soon but had no idea of an exact date.
What she did offer, which was useful, was that apparently it's corperate who decides when it's time to switch a store over & was based on individual stock levels. Apparently there's a warehouse full of tools in North Carolina they don't want to completely give away...
I'm sure the future of Cman is secure. Don't forget the vast majority of people who buy & use tools from places like lowes & depot aren't pro tradesmen.
Case in point I actually ended up with new Stanley Cman tools last

courtesy of momma berry. She never knows what to get me so I said new tools for my box in the GMC to replace stuff that was missing & worn out...
Honestly the stuff is ok. Nothing I'd want to use everyday but totally serviceable. 2 weeks ago I was in that box daily...only on site tools for a production gig that had 4 bands across 3 stages.
And I'd still rather buy new Cman or Husky then anything from horror freight ymmv.