Kingsbury will remain with Kohl’s in an advisory role to Buchanan and stay on the board until he retires in May.

He replaces Tom Kingsbury, whose initial contract to lead the department store chain was set to expire in early 2025.

Kohl’s reported that its net sales were down nearly 9 percent during the third quarter of the fiscal year compared to 2023.

Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an ...

Kohl's announced that CEO Tom Kingsbury is stepping down in January. He will be replaced by Ashley Buchanan, the current ...