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 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 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 CEO Tom Kingsbury in early 2025.
Kohl’s CEO to step down, be replaced by Michaels CEO
Ashley Buchanan, CEO of Michaels Companies will become the new CEO on Jan. 15, Kohl’s announced. He has been CEO of Michaels since 2020, and worked in leadership for Walmart and Sam’s Club before that. Kohl’s is headquartered in Menomonee Falls, Wisconsin.
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.
Kohl's shares tumble on earnings miss, CEO to step down in January
Kohl's announced that CEO Tom Kingsbury is stepping down in January. He will be replaced by Ashley Buchanan, the current chief executive of arts and crafts retailer Michaels.
Kohl's CEO Tom Kingsbury To Step Down In January 2025; Names Ashley Buchanan CEO
Kohl's Corp. (KSS) announced Monday that Tom Kingsbury plans to step down as Chief Executive Officer, effective January 15, 2025. He
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.
Kohl’s Names Ashley Buchanan From Michael’s as Next CEO
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 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.
Kohl's CEO Kingsbury to step down in January. He was named the retailer's CEO in 2022.
Kohl's Corp. announced Monday that CEO Tom Kingsbury plans to step down Jan. 15, 2025. The Kohl's Board of Directors has appointed Ashley Buchanan as CEO, effective January 15. The surprise announcement came after the stock market closed,
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 3Q Sales Decline, New 2024 Outlook Suggests Tough Holiday Period
Kohl’s saw sales decline in the latest quarter while its revised outlook for the year suggested a challenging upcoming ...
BizTimes2h
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 ...
Retail Dive1h
Amid setbacks in its turnaround, Kohl’s lowers guidance again
Traffic, sales and profits declined in Q3, and the department store is reversing course in some areas after its tactics ...
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 ...
Kohl’s Cuts Outlook as Rebound Effort Flails; Shares Tumble
Kohl’s Corp. shares plunged to the lowest level since 2020 after the company cut its full-year sales outlook, signaling that ...
Kohl’s Stock Plunges After Earnings and Revenue Miss. Apparel Sales Remain ‘Soft.’
Shares of Kohl’s plummeted in premarket trading Tuesday after the retailer missed third-quarter earnings and revenue targets, ...