Kohl’s names new CEO

Quick Summary:

The department store has tapped Michaels CEO Ashley Buchanan to lead the retailer beginning early next year, replacing Tom Kingsbury.

This experience will “bring a steady, proven, innovative leader to Kohl's as we continue to transform the business and drive future growth,” Bender said.

In its most recent quarter, net sales fell 4.2% year over year to $3.5 billion, as comparable sales fell 5.1%, though profits and margins were up thanks in part to a tight grip on expenses.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United States

Topics: Kohl’s Officer Experience Company Store Kingsbury Department Chief Year Executive Buchanan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 17:47:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 23855455

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