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0 -0.00178792463210026 0.000962728648053819 -0.000412597992023121 0.000734424425801077 0.00536377389630038 0.00426351258423879 0.0126530050887086
Stock impact report

Kohl's names Michael Bender as permanent CEO after a turbulent year and sales declines [MSNBC.com]

Victorias Secret & Co. (VSCO) 
Company Research Source: MSNBC.com
Kohl'sHe becomes the third CEO for the department store in about three years. The move is effective as of Sunday.Bender, who has been director of Kohl's board since July 2019, became the company's interim CEO in May. The retailer appointed Bender to the position afterfiring CEO Ashley BuchananKohl's fired Buchanan after it said a company investigation found that he hadpushed for deals with a vendorKohl's leadership announcement comes a day before the retailer reports fiscal third-quarter earnings. Along with leadership turmoil, Kohl's has struggled with declining sales. The company said in August that it expects net sales to drop by 5% to 6% for the fiscal year.Kohl's has had many changes at the top since former CEO Michelle Gassleft the company in 2022Levi Strauss & Co.followed at Kohl's by Tom Kingsbury,Bender, 64, previously held leadership and management roles at retailers including Victoria's Secret, Walmart and Eyemart Express. Along with his role as CEO, Bender will continue to Show less Read more
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