Michaels on Tuesday named Staples Canada veteran David Boone its new CEO, effective Feb. 28. Boone arrives from e-commerce and third-party logistics company Essendant, where he is serving as interim ...

Department store chain Kohl’s is closing 27 “underperforming” stores across the United States, including a Sacramento-area ...

The Menomonee Falls-based retailer has been struggling to maintain a customer base and adapt to changing shopping trends.

In an message to employees, CEO Ashley Buchanan said about 10% of roles reporting to the corporate headquarters have been cut ...

But after years of declining sales, a sharp drop in stock value and waning customer trust, Ashley Buchanan could find the chain’s problems hard to turn around. While Kohl’s more than 1,150 ...

Kohl's trimmed its workforce less than two weeks after its new CEO, Ashley Buchanan, took on the top executive role for the Menomonee Falls retailer. Kohl's announced it has cut 10% of the jobs at ...

This continued decline contributed to Kohl's CEO Tom Kingsbury retiring and being replaced by Ashley Buchanan (who resigned as CEO of Michaels to take this job). While Buchanan has a challenging ...

The closures across 15 states are expected to take place by April. Each of the locations set for closure were identified as ...

The decision was announced roughly a week before the new CEO took over. Ashley Buchanan is Kohl's third CEO in four years If Kohl's is going to become more profitable as a company, it'll be in ...

The move comes after Kohl's announced earlier in January it was closing 27 stores in 15 states, shortly before new CEO Ashley Buchanan took over. "Both actions were taken to improve the strength ...