00:00Kohl's named Michael Bender as its permanent CEO after a turbulent stretch of leadership turnover and ongoing sales declines.
00:08Bender, a board member since 2019, has been interim CEO since May following the dismissal of Ashley Buchanan over an improper vendor relationship.
00:17The retailer faces continued pressure as net sales are expected to fall 5-6% this fiscal year, despite recent operational improvements under Bender's interim leadership.
00:27With decades of retail experience and strong board backing, Bender says he aims to restore Kohl's' market position by focusing on customers and steadying company culture.
Comments