Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 05/01/2025 7:28:57 AM PDT by DFG
A department store has sacked its CEO after an investigation into alleged conflicts of interest.
Kohl's announced that Ashley Buchanan, who has been CEO for six months, was relieved of his duties after the company claims it found evidence he favored certain vendors.
The department chain said Buchanan didn't disclose this relationship in accordance with its company policies.
Buchanon's release comes after an independent firm concluded the ex-CEO 'violated company policies by directing the company to engage in vendor transactions.'
The company said the sacking is not attributed to the company's performance, though, the brand is facing some serious headwinds.
Kohl's said the CEO change will not have any impact on business operations. Buchanan has been asked to return part of his signing bonus.
The company replaced the outgoing CEO with Michael Bender, a former Bath & Body Works, PepsiCo, and Walmart executive.
'The Board has full confidence in Michael to serve our customers and associates as Interim CEO,' the company said.
News sent the company's stock shooting up. The stock price started at $6.71 this morning, and rose 5.6 percent in the minutes after the announcement.
The stock price has sunk like a rock in the past six months. Kohl's shares lost 60 percent of their value since December.
Kohl's has been struggling for years with dwindling sales numbers and a slate of store closures.
The iconic department store planned to shutter 27 'underperforming' stores and a California fulfillment center this year.
Kohl's operates around 1,150 US stores. The closures impacted less than three percent of the company's national store footprint.
(Excerpt) Read more at dailymail.co.uk ...
Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Swirling the toilet bowl. I only see little old ladies shopping there. No youthful vibe.
With a base salary and stock options, Buchanan had a total compensation package worth more than $20 million, making him one of the highest paid Wisconsin executives.
“””A department store has sacked its CEO after an investigation into alleged conflicts of interest. Kohl’s announced that Ashley Buchanan, who has been CEO for six months, was relieved of his duties””””
Ashley???? I guess he could have been a “boy named Sue”
The backstory on "Ashley"...
"Ashley" can be a man's name, though its use has shifted over time. In colonial America and earlier, "Ashley" was primarily a masculine name, derived from an Old English surname meaning "ash tree meadow." It was used for men in England and early American records, often tied to families or places (e.g., Ashley Cooper, a 17th-century English lord).By the 20th century, "Ashley" became more common as a feminine name, especially in the U.S., peaking in popularity for girls in the 1980s and 1990s (e.g., actress Ashley Judd). This shift was driven by cultural trends and media, making it less common for men today. However, it remains unisex, with men like Ashley Parker (journalist) or Ashley Cole (athlete) carrying the name.
In short, "Ashley" is historically and technically a man's name but is now more often associated with women in modern contexts.
His parents named him Ashley. No wonder he’s a troubled man.
Must have Pat’s significant other.
Really, what does it matter now? - read months ago where many Kohl’s are slated for closing.
These type of retail outlets are dinosaurs as shopping habits have changed.
Come on, you don't remember Ashley Wilkes?
For what it's worth, my ex and I knew a black computer scientist major named Ashley back in the 80s when we were in college. Very smart and articulate. Married a white gal math major and had a couple kids.
Kohl’s is doomed ... their listed prices are catastrophically high, and apparently the only people who shop there have to participate in a complex game of stacking coupons, sales, and rewards points to get prices somewhere near reasonable ... no one just breezes in and buys something at the listed price ...
The "stock price soars" in the title, and "News sent the company's stock shooting up."
But right there, the next sentence is "The stock price started at $6.71 this morning, and rose 5.6 percent in the minutes after the announcement."
$6.71 and rose 5.6%? Really? The CEO sneezing could do that. A dead cat would bounce higher than that.
Then of course there's the rest of the story, right there in the same article; "The stock price has sunk like a rock in the past six months. Kohl's shares lost 60 percent of their value since December."
heir listed prices are catastrophically high, and apparently the only people who shop there have to participate in a complex game of stacking coupons, sales, and rewards points to get prices somewhere near reasonable
I bet he wasn’t taking any Kohl’s Kash..................
Ashley was once a common male name in The South.........
https://en.wikipedia.org/wiki/Ashley_Wilkes
Ashley Roachclip of The Jefferson Hairpie.
Agree. What's also aggravating was finding out that my senior discount was not applicable to the item I wanted to purchase. You can use it only on items and manufacturers on the "approved" list.
Yes and not for the better in my opinion. I find I can order same pair of pants and the same size online and they won’t fit the same as the one in the store. I have spent so much time returning things from online orders. I need to see, feel, and try on my clothing and shoes. And unless I want to shop for clothes at Walmart where there isn’t much of selection and not very fashionable, Kohl’s is one of the few games in town.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.