From Yahoo Finance: 2025-05-01 10:05:00

Kohl’s fired CEO Ashley Buchanan after an investigation found he violated company policies by engaging in vendor transactions with conflicts of interest. The retailer anticipates a 4% to 4.3% drop in comparable sales for the first quarter, with an expected loss per share of 20-24 cents. Kohl’s has closed some stores and cut its corporate workforce to improve profitability. Board Chair Michael Bender will serve as interim CEO while the company searches for a new permanent leader. Kohl’s plans to release its first-quarter financial results in late May.



Read more at Yahoo Finance: Kohl’s fires CEO Ashley Buchanan after investigation