Kohl's on Monday said that Ashley Buchanan - who has been the CEO of craft-store chain Michaels since 2020 and also held senior roles at Walmart Inc. - would become Kohl's chief executive on Jan. 15.
Chief Executive Tom Kingsbury said sales remained soft in its apparel and footwear business. He added that growth in areas including Sephora, home decor and gifting were unable to offset declines in ...