6 days ago
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Associated Press Finance
Mon, November 24, 2025 astatine 9:28 AM CST 1 min read
Kohl's has named its 4th CEO successful arsenic galore years, attempting to staunch an extended income slide.
The institution named Michael Bender arsenic its imperishable CEO Monday, astir 7 months aft helium took implicit connected an interim basis.
Bender replaced Ashley Buchanan who was fired successful May aft an internal probe recovered that helium had directed the institution to bash concern with a vendor founded by idiosyncratic with whom helium had a idiosyncratic relationship.
“Over the past respective months arsenic interim CEO, Michael has proven to beryllium an exceptional person for Kohl’s – progressively improving results, driving abbreviated and semipermanent strategy, and positively impacting taste change,” Chairman John Schlifske said successful prepared remarks.
The committee conducted a broad hunt utilizing an outer firm, Schlifsk said, earlier it “enthusiastically and unanimously appointed Michael arsenic CEO.”
Bender is simply a retail seasoned with 30 years of acquisition astatine retailers from Walmart to PepsiCo.
Retail net proceed to rotation retired successful what has go a volatile play for retailers who are trying to triumph implicit customers stung by inflationand a weakening U.S. jobs market, portion simultaneously navigating an erratic U.S. commercialized policy.
Annual income astatine Kohl's person fallen for respective years and it's struggled to find a mode to turn profits.
Kohl's releases its third-quarter net results Tuesday.
Shares of Kohl's Corp., based successful Menomonee Falls, Wisconsin, were unchanged Monday.
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