Kohl's Inc. (NYSE: KSS) is cutting around 10% of its corporate workforce, impacting fewer than 400 roles, after the appointment of new CEO Ashley Buchanan.

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

The retailer’s president, chief financial officer and chief merchant will jointly lead daily operations as it searches for a permanent chief executive.

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

Kohl's announces corporate layoffs following store closures and CEO replacement, as stock falls by 52% in the last 12 months.

Kohl’s Corp. is eliminating about 10% of roles that report into its corporate offices as part of the retailer’s bid to improve results.

Michaels’ board of directors has established an interim Office of the CEO that will be led by three of the retailer’s existing leaders, as the company continues to search for a replacement for former ...

The Michaels Companies has appointed an interim office of the chief executive office as its CEO, Ashley Buchanan, plans to depart Wednesday. President Heather Bennett, Chief Merchandising Officer ...

Ashley Buchanan, former Michaels CEO, is Kohl’s new CEO. Employees at the stores were offered severance packages or the chance to transfer to neighboring stores. After the closures, Kohl’s ...

The Michaels Companies headquarters in Irving ... The decision comes with the departure of CEO Ashley Buchanan on Tuesday for the same position at another retailer, Kohl’s.