NYSE:KSS - New York Stock Exchange, Inc. - US5002551043 - Common Stock - Currency: USD
Retailers are overhauling their operations as technology redefines the shopping experience. But many seem to be moving too slowly as their demand is lagging, causing the industry to underperform the market - over the past six months, retail stocks have shed 13%. This drawdown was worse than the S&P 500’s 4.7% fall.
Telsey analyst Dana Telsey lowered the price forecast for Kohl’s Corporation (NYSE:KSS) from $10 to $9, while retaining a Market Perform rating. On Thursday, the company announced the termination of CEO Ashley Buchanan for cause and appointed Board Chair Michael Bender as Interim CEO. Also, Kohl’s issued preliminary first-quarter 2025 results, expecting comparable sales to decline between 4.3% and 4.0%, operating income between $40 million and $45 million, and diluted EPS of a loss of 20 cents t
Telsey analyst lowers price forecast for Kohl's Corp. after CEO termination and preliminary Q1 results, citing challenges in regaining consumer trust.
After Kohl’s (KSS) announced this morning that it had appointed Michael Bender as Interim CEO, effective immediately, following the board’s decision to terminate Ashley Buchanan for cause after an investigation conducted by outside counsel and overseen by the audit committee of the board determined Buchanan violated company policies by directing the company to engage in vendor transactions that involved undisclosed conflicts of interest, The Wall Street Journal’s Suzanne Kapner and Sarah Nassaue
Michael Bender has been named as interim CEO to deliver the company’s commitments to its shareholders.
Microsoft and Meta's strong earnings reports eased investor fears of an economic slowdown amid President Trump's tariffs.
We recently published Jim Cramer’s Surprised About US Travel As He Discusses These 18 Stocks. In this article, we are going to take a look at where Capital One Financial Corporation (NYSE:COF) stands against other stocks that Jim Cramer discussed. In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer commented on the […]
Kohl's (KSS) said Thursday that it named Chair Michael Bender as interim chief executive after the d
“Kohl’s is without a permanent captain at a time when the ship is looking far from seaworthy.”
Nvidia aims Anthropic amid AI chip export claims, calling some smuggling allegations overstated just as U.S. restrictions are imminent.
Kohl’s said that Buchanan directed the company to engage in vendor transactions that involved undisclosed conflicts of interest.
Kohl’s board of directors has ousted CEO Ashley Buchanan for cause, citing violations of company policies related to undisclosed conflicts of interest in vendor relationships.
Mentions: WMT
Buchanan had only been at the helm of the retailer since January.
Mentions: WMT
Kohl's fired CEO Ashley Buchanan after an investigation found he "violated company policies" for conflicts of interest, the retailer announced Thursday.
Kohl's said on Thursday it had fired CEO Ashley Buchanan after an investigation found he had pushed for deals with a vendor with whom he had a personal relationship, after little more than 100 days in the CEO job. Buchanan engaged in transactions with this person's company on "highly unusual terms", Kohl's said in a filing, and also caused the company to agree to a multi-million-dollar consulting agreement with a team that included this person he was involved with. Buchanan's firing makes the third change at the helm in as many years for the beleaguered department-store retailer, which has been struggling with several quarters of sagging sales due to stiff competition from e-commerce firms and big-box retailers such as Walmart, as well as its own strategic missteps.
Mentions: WMT
Kohl’s Corp. named an interim chief executive officer after the current CEO, Ashley Buchanan, violated company policy by engaging in “vendor transactions that involved undisclosed conflicts of interest.”
The gross profit of Loblaw's retail division rose 3.7% to C$4.36bn over the quarter.
The April jobs report may reveal a mixed picture. Some industries have maintained hiring plans despite tariffs while others are scaling back.
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