Kohl's Names New CEO Amid Sales Slump

Kohls Appoints New CEO Amid Sales Decline and Leadership Scandal: The department store chain, Kohls, has named Michael Bender as its permanent CEO, following a series of leadership changes and a sales slump. Bender, who has been serving as interim CEO, takes over from Ashley Buchanan, who was fired in May due to an internal investigation revealing a conflict of interest. Kohls is facing challenges in a tough economic climate, with rising costs and new tariffs affecting retailers. Despite Benders appointment, Kohls remains one of the worst performers in retail, with sales and market share falling since 2019. The company is set to release its third-quarter earnings results tomorrow.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.