Ashley Buchanan takes over Wednesday as the new Kohl's CEO — the company's third leader in four years — at a time of store closings, declining sales and a stock price that's fallen by 50% in the past year.
Department store chain Kohl's Corp. plans to eliminate 27 "underperforming stores" from its portfolio, including two locations in Ohio. Less than a week before Kohl's Corp. welcomes new CEO Ashley Buchanan,
Kohl's said Friday it will close 27 underperforming locations in 15 states by April -- a fraction of its 1,150-store base -- as the struggling department store chain aims to boost profitability and improve sagging sales.
NEW YORK (AP) — Kohl’s said Friday it was closing 27 underperforming locations in 15 states by April — a fraction of its 1,150 store base — as the struggling department store chain aims to boost profitability and improve sagging sales.
Kohl’s (NYSE: KSS) announced Jan. 9 that it would close 27 underperforming locations by April. The Menomonee Falls-based retailer estimates it will face about $60 million to $80 million in pre-tax charges as a result of the decision, according to a document filed with the U.S. Securities and Exchange Commission.
The Michaels Companies has appointed an interim office of the chief executive office as its CEO, Ashley Buchanan, plans to depart Wednesday.
Kohl's is closing 27 "underperforming" stores by April 2025. How many in Palm Beach County? Here is the list of closings.
While no Florida locations are on the chopping block, the underperforming stores that are closing are in: Alabama, Arkansas, California, Colorado, Georgia, Idaho, Illinois, Massachusetts, New Jersey, Ohio, Oregon, Pennsylvania, Texas, Utah and Virginia.
Two Kohl's stores near Chicago are among 27 set to close by April 2025. The Wisconsin retailer has 1,000-plus stores in the U.S.
Kohl’s to close 27 ‘underperforming’ stores this spring. Here is what we know about how St. Cloud’s store will be affected.
Kohl's is planning to close 27 underperforming stores in 15 states by April as the struggling department store chain aims to boost profitability and improve sagging sales.
The Menomonee Falls-based chain has posted 11 consecutive quarters of sales declines and is about to get a new CEO.