Kohl’s has a new CEO, but not enough of the things its shoppers depend on
When Kohl’s Corp. on Monday announced it was getting a new chief executive next year, investors got suspicious. On Tuesday, the department-store chain confirmed those suspicions, reporting results that missed expectations and sending shares sharply lower.
Kohl’s CEO will step down. He’ll be replaced by the head of Michaels
Kohl’s announced its CEO Tom Kingsbury will step down on January 15, 2025, and will be replaced by the CEO of arts and crafts retailer Michaels.
Kohl’s Names Buchanan of Michaels Cos. to Take Over as CEO
Kohl’s Corp. named the chief executive officer of Michaels Cos. to lead the retailer as it looks to recover from a deep sales slump.
Michaels looking for new leader as CEO moves to Kohl’s
(Ben Torres / Special Contributor) Irving-based Michaels is set to be under new leadership as its CEO prepares to move to retailer Kohl’s. Ashley Buchanan — who joined the company right before the pandemic in early 2020 — will step down from the arts ...
Struggling Kohl’s Snags Michaels CEO to Lead Company
Kohl’s has named Ashley Buchanan, CEO of Michaels, as its new CEO, effective Jan. 15, 2025, when current Kohl’s CEO Tom Kingsbury will step down.
Kohl’s CEO to step down, be replaced by Michaels CEO
He will become an advisor to the new CEO until he retires in May 2025. ““I’ve loved working in the retail industry for more than 40 years and it’s been an honor to finish my career at Kohl’s, a company that I’ve known and loved since I was a kid in Wisconsin,
Kohl’s Picks C.E.O. of Michaels to Help It Turn Around
Mr. Buchanan will be the third chief executive at Kohl’s since 2018. Tom Kingsbury has served as interim chief executive ...
Kohl's CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan
Kingsbury will remain with Kohl’s in an advisory role to Buchanan and stay on the board until he retires in May.
How activist investor fights, poor sales led Kohl's Corp. to its third CEO in four years
Buchanan led The Michaels Companies as CEO since 2020. In 2021, he helped make a deal with Apollo Global Management to take ...
Kohl’s Shakes Up Leadership As Retailer Reports $37 Million Drop In The Third Quarter Over 2023
Kohl’s Corp. has reported yet another disappointing earnings and revenue quarter, and has confirmed a change at the helm, ...
Kohl’s shares tank 20% as CEO abruptly quits before crucial Black Friday kickoff
The Wisconsin-based company reported a same-store sales decline of 9.3% – its eleventh same-store sales decline in a row.
Kohl's names Michaels CEO Ashley Buchanan to assume top job, effective Jan. 15
Department store retailer Kohl’s Inc. says Michaels CEO and retail veteran Ashley Buchanan will take over its top job, effective January 15 ...
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What Kohl's will pay its new CEO when he starts in January
Ashley Buchanan is joining Kohl's Corp. from The Michaels Cos. Inc., where he has been the CEO since 2020. The new head ...
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Why Kohl's Stock Crashed 20% on Tuesday
Kohl's CEO is resigning, and the company is bringing in a relief pitcher from Michaels. At a P/E of 10 after its sell-off ...