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 since Michelle Gass left in December 2022 to run Levi Strauss & Company. Mr. Kingsbury will retain his seat on the board of directors until he retires in May.
Michaels CEO Ashley Buchanan will take over the company on Jan. 15, though Kingsbury will stay on in an advisory role and ...
KEY TAKEAWAYS Kohl's stock is plummeting 17% in premarket trading after it reported weaker-than-expected third-quarter ...
Buchanan joined Michaels as CEO in 2020. He was at the helm when the company was acquired in 2021 by Apollo Global ...
Kohl's reported disappointing Q3 earnings as sales in key segments lagged expectations, prompting a downward revision of its ...
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