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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 the company private.
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 announcement that CEO
Tom
Kingsbury
will step down in January. The weak forecast underscores an uncertain holiday season for the retail sector ...
Kohl's Q3 Sales Drop 8.8% as Ashley Buchanan Prepares to Become CEO
The current CEO of Michaels will step into the top job at Kohl's in January and will have to address the chain's soft performance in apparel.
Kohl's Corp. reports 8.8% sales decrease. CEO Kingsbury to depart in January.
Kohl's expects sales to be down 7-8% for the year, which is the third quarter in a row the company has changed its expectation of its performance.
Kohl's Names Retail Industry Veteran as New CEO; Tom Kingsbury to Step Down in January
Kohl's (KSS) stock declined early Tuesday as the department store chain announced that Tom Kingsbury will step down as chief executive in January, with retail industry veteran Ashley Buchanan set to succeed him.
1d
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.
21h
on MSN
We Messed Up: Kohl’s CEO Gives a Mea Culpa
But Kohl’s outgoing CEO Tom Kingsbury had no trouble this week owning up to mistakes that led to a steep drop in the retailer ...
15h
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, ...
1d
on MSN
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.
2d
on MSN
Ashley Buchanan named the next CEO of Kohl's; Tom Kingsbury to step down
Tom Kingsbury will step down as top boss of Kohl’s Corporation (NYSE:KSS) effective January 15, 2025, the company said in a ...
Retail Dive
2h
Will Kohl’s have to close stores?
Not long ago, in stark contrast to rival Macy’s, the department store was talking about expanding its fleet. That may be ...
2d
Tom Kingsbury steps down early as Kohl's CEO
He replaces Tom Kingsbury, whose initial contract to lead the department store chain was set to expire in early 2025.
Home Textiles Today
1d
Kohl’s appoints new CEO as Kingsbury announces his exit
Kohl’s has hired a veteran retailer with experience in the specialty, warehouse club and discount store channels to succeed ...
BizTimes
1d
Kohl’s struggles through third quarter, looks to refocus on ‘core business’
Menomonee Falls-based Kohl's Corp. had another disappointing quarter with net sales and comparable sales falling 8.8% and 9.3 ...
1d
Sales slide continues at Kohl's, analyst calls results 'abysmal'
CEO Tom Kingsbury said a strong collective performance in growth areas were not enough to offset the company's decline in its ...
Hosted on MSN
14h
Shoppers Are Still Abandoning Kohl's—Here's Why
RELATED: Costco Shoppers Are Abandoning These Kirkland Products: "Worst Things I’ve Ever Tasted." According to Kohl’s ...
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