Kohl's fired CEO Ashley Buchanan after he allegedly directed the company to enter a multi-million dollar agreement with a group that included a personal contact, the company said.
Kohl's canned its chief executive — hired just four months ago — after an investigation showed that he violated the retailer's conflict of interest policies, the company said on Thursday. Ashley Buchanan directed Kohl's to “engage in vendor transactions that involved undisclosed conflicts of interest,” the company said.
Kohl's fired CEO Ashley Buchanan "for cause" after an investigation found he allegedly violated company policies, the company said Thursday.
Kohl's fired CEO Ashley Buchanan after an investigation found he "violated company policies" related to conflicts of interest, the retailer announced Thursday.
Kohl's said an investigation found Ashley Buchanan violated company policies related to conflicts of interests with certain vendors.
An outside investigation finds that CEO Ashley Buchanan had violated company policy.
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Kohl's (KSS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
As investors geared up to trade stocks Friday morning, it seemed as if Kohl's (KSS -4.37%) stock might continue to be shunned. After all, in the preceding days, its price had tumbled by nearly 22% week to date, according to data compiled by S&P Global Market Intelligence.
KSS' growth strategy relies on Sephora and cost-cutting, but declining digital sales and economic challenges threaten its success.
Department store operator Kohl's Co. NYSE: KSS shares sank to all-time lows following its fiscal fourth quarter of 2025 earnings report. While the company posted a commendable earnings-per-share (EPS) beat, the forward guidance was gloomy.
Shares of Kohls Corp KSS tanked in early trading on Wednesday, after the company reported its fourth-quarter results.