Kohl’s CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan
Published Mon, Nov 25 20244:30 PM ESTUpdated Mon, Nov 25 20244:43 PM EST
- Kohl’s CEO Tom Kingsbury is stepping down on Jan. 15, to be replaced by current Michaels CEO Ashley Buchanan.
- Kohl’s has been struggling to return to growth as consumers increasingly move away from department stores.
- Buchanan previously spent time at Walmart and its Sam’s Club division.
