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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 CEO will step down. He’ll be replaced by the head of Michaels
Kohl’s announced its CEO Tom Kingsbury will step down on January 15, 2025, and will be replaced by the CEO of arts and crafts retailer Michaels.
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.
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,
20m
on MSN
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, ...
1h
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.
1h
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 ...
50m
on MSN
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.
Kiplinger
15h
Kohl's Stock Spirals on Earnings Miss, CEO Switch: What to Know
In the three months ended November 2,
Kohl
's reported net sales of $3.5 billion, a decrease of 8.8% year over year, as its ...
Wall Street Journal
58m
Kohl’s Outlook Suggests Tough Holiday Period
Kohl
’s KSS7.69%increase; green up pointing triangle saw sales decline in the latest quarter while its revised outlook for ...
U.S. News & World Report
8h
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 ...
6h
on MSN
Kohl’s Names Third CEO in Three Years
Kohl’s has appointed former Walmart executive Ashley Buchanan as chief executive as the department store aims to lure back ...
5h
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 ...
39m
on MSN
Kohl’s Cuts Outlook as Rebound Effort Flails; Shares Tumble
Kohl’s Corp. shares plunged 16.6% in premarket trading on Tuesday after the company cut its full-year sales outlook, ...
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Related topics
Tom Kingsbury
Ashley Buchanan
Black Friday
Michaels
Q3
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