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Kohl’s Fires CEO Buchanan, Citing Policy Violations in Vendor Dealings

Kohl’s Fires CEO Buchanan, Citing Policy Violations in Vendor Dealings

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...
Home Decor Growth Helps Kohl’s Offset Softer ‘Legacy’ Home Products in Q4

Home Decor Growth Helps Kohl’s Offset Softer ‘Legacy’ Home Products in Q4

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...
Coresight Research Predicts Jump in Store Closures in 2025

Coresight Research Predicts Jump in Store Closures in 2025

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,...
Michaels Creates Interim CEO Office as Former Chief Takes Reigns at Kohl’s

Michaels Creates Interim CEO Office as Former Chief Takes Reigns at Kohl’s

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...
2024 in Retail: Navigating Twists, Turns, Transformation

2024 in Retail: Navigating Twists, Turns, Transformation

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...
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