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.
Be the first to comment