Kohl’s New CEO: Can Ashley Buchanan Save the Day?

Kohl’s is getting a new CEO—its third since 2018. Tom Kingsbury is stepping down on January 15, and Ashley Buchanan, the current CEO of Michaels, will take over. 🏦

Buchanan, with experience at Walmart and Sam’s Club, steps in during tough times for department stores. Kohl’s has faced declining sales for 10 straight quarters, and its stock has dropped 45% under Kingsbury’s leadership. 📉

Can Buchanan turn things around for Kohl’s? Stay tuned for more updates!

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