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.
We Messed Up: Kohl’s CEO Gives a Mea Culpa
The company’s departing chief executive had no trouble owning up to mistakes that led to a steep drop in the company’s quarterly sales.
Kohl's CEO to depart after less than two years at the helm
Kohl's CEO Tom Kingsbury will step down after less than two years at the helm, paving the way for former Walmart executive Ashley Buchanan to take on the role as the department store chain looks to execute a turnaround.
Kohl's Corp. reports 8.8% sales decrease. CEO Kingsbury to depart in January.
Kohl's on Tuesday said it expects sales to be down 7% to 8% for the year, which is the third quarter in a row the company has changed its expectations on its performance. The Menomonee Falls-based retailer reported a profit of $22 million for the quarter,
Kohl’s Surprise CEO Departure Highlights Holiday Shopping Season Challenges
Kohl’s surprise CEO departure announcement a day before its quarterly results will play on the minds of investors, who were looking out for a positive forecast from the struggling department store chain ahead of the key holiday shopping season.
Kohl’s Names Third CEO in Three Years
Kohl’s has appointed former Walmart executive Ashley Buchanan as chief executive as the department store aims to lure back its value-seeking customer base amid falling sales.
Kohl's Stock Slips as CEO Being Replaced
KEY TAKEAWAYS Kohl's shares are falling in premarket trading after the department store chain said that Chief Executive Officer (CEO) Tom Kingsbury is stepping down after less than two years running the struggling retailer.
Kohl’s Appoints J. Ashley Buchanan as New CEO
Kohl’s Corporation is set to welcome J. Ashley Buchanan as its new CEO starting January 15, 2025, following his successful tenure at The Michaels Companies and leadership roles at Walmart. Buchanan’s appointment marks a significant change as he replaces Tom Kingsbury,
Kohl’s Names New CEO Ahead of Earnings
Kohl’s stock fell in after-hour trading Monday following the department store’s announcement that CEO Tom Kingsbury is retiring at the end of the year. The company has named Ashley Buchanan, current CEO of Michaels,
Kohl’s Names Michaels CEO Ashley Buchanan As New Chief Executive
Kohl's announced Ashley Buchanan, CEO of Michaels, as its new chief executive, effective January 15. Tom Kingsbury will remain an advisor until May. Buchanan has led Michaels since 2020 and previously held leadership roles at Walmart and Sam’s Club.
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,
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 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.
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Kohl's shares tumble on earnings miss, CEO to step down in January
Kohl's shares fell sharply on Tuesday after the company's earnings missed Wall Street estimates and following its ...
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Kohl's surprise CEO departure to amplify woes ahead of holiday shopping season
Nov 26 (Reuters) - Kohl's (KSS.N), opens new tab surprise CEO departure announcement a day before its quarterly results ...
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 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 incoming CEO has a tough road ahead. Here’s why
Kohl's names Ashley Buchanan its new chief executive. An overview of challenges he will likely face as Kohl's CEO.
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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 ...