Kohl's appoints Michaels CEO Ashley Buchanan as its new leader amid sales challenges. Kohl designa a Michaels CEO Ashley Buchanan como su nuevo líder en medio de desafíos de ventas.

Kohl's has appointed Michaels CEO Ashley Buchanan as its new CEO, effective January 15. Kohl ha nombrado a Michaels CEO Ashley Buchanan como su nuevo CEO, a partir del 15 de enero. Buchanan, who has also held senior roles at Walmart and Sam's Club, will succeed Tom Kingsbury, who will continue as an advisor until his retirement in May 2025. Buchanan, que también ha ocupado altos cargos en Walmart y Sam's Club, sucederá a Tom Kingsbury, que continuará como asesor hasta su jubilación en mayo de 2025. Kohl's faces challenges with declining sales and competition from Walmart and Amazon. Kohl se enfrenta a desafíos con ventas en declive y la competencia de Walmart y Amazon. Buchanan's appointment comes as Kohl's shares fell nearly 5% following the announcement. El nombramiento de Buchanan llega cuando las acciones de Kohl cayeron casi 5% después del anuncio.