Reported about 4 hours ago
Kohl's Inc. has announced that Ashley Buchanan, the current CEO of Michaels, will take over as CEO on January 15. He succeeds Tom Kingsbury, who will remain as an advisor. Buchanan faces the challenge of revitalizing sales amid declining discretionary spending and competition from Walmart and Amazon. He brings extensive retail experience from his previous roles at Walmart and Sam's Club, where he notably expanded digital operations and streamlined strategies.
Source: YAHOO