by Mike Duff | May 1, 2025 | Retail Articles
Kohl’s Corp. reported its board of directors terminated CEO Ashley Buchanan for cause just weeks after it handed him the reins. Kohl’s Chairman Michael Bender was named interim CEO. According to Kohl’s, an investigation conducted by outside counsel and overseen...
by Mike Duff | Mar 11, 2025 | Retail Articles
Kohl’s topped Q4 Wall Street expectations, but comparable sales and earnings slid in the period as what it calls its “legacy” home products business softened while its recently reinvigorated home decor business strengthened. Net income was $48 million, or...
by Mike Duff | Jan 23, 2025 | Retail Articles
Coresight Research has issued its predictions for 2025 store openings and closures by sector in the United States, with store closures up to about 15,000 and store openings steady at 5,800. Closures announced late in 2024 and early in 2025 by Party City, Big Lots,...
by Mike Duff | Jan 15, 2025 | Retail Articles
The Michaels Cos. board of directors has established an interim office of the chief executive officer to provide leadership continuity following the previously announced departure of former CEO Ashley Buchanan, who just took up leadership of Kohl’s. The office of CEO...
by Chandler Harvey | Dec 20, 2024 | Retail Articles
Retail took some surprising twists in 2024, as the view forward from 2023 didn’t reveal how the way forward would have so many twists and turns. Of course, some developments fell into old patterns and some weaker retailers fell by the wayside. Meanwhile, an...
