Kohl's Stock Tumbles After Weak Results, CEO Departure News
KEY TAKEAWAYS Kohl's stock is plummeting 17% in premarket trading after it reported weaker-than-expected third-quarter earnings Tuesday, the day after it announced that CEO Tom Kingsbury would stepping down after less than two years running the struggling retailer.
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 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 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 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
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 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,
Michaels looking for new leader as CEO moves to Kohl’s
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 and crafts chain and take on the same role at Kohl’s,
Kohl’s stock sinks after another sales miss, as shoes and clothes remain weak
Kohl’s stock tanks after yet another sales miss, as the retailer’s core apparel and shoes businesses remain weak.
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, ...
Kohl's Q3 Sales, Q4 Forecast Disappoint
Kohl's reported disappointing Q3 earnings as sales in key segments lagged expectations, prompting a downward revision of its ...
Reuters on MSN5h
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 ...
U.S. News & World Report7h
Kohl's Lowers Annual Sales Forecast Again on Muted Holiday Demand
(Reuters) -Kohl's on Tuesday forecast a bigger drop in annual sales than previously expected, in a sign the ...
The Business Journals14h
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 of ...
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 ...
10 Fantastic Products You'll Only Find at Kohl's
Kohl's department store offers exclusive brands with unique products at low prices. See our picks for the 10 best Kohl's buys ...
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 ...