Group 1: Kohl's Corporation (NYSE: KSS) - Kohl's CEO was terminated for violating company policy related to undisclosed conflicts of interest in vendor transactions [2] - The CEO directed the company to conduct business with a vendor he had a personal relationship with, resulting in favorable terms for the vendor [2] - Following the CEO's termination, Kohl's stock experienced a significant drop on unusually heavy trading volume [2] Group 2: Cleveland-Cliffs Inc. (NYSE: CLF) - Cleveland-Cliffs reported a larger than expected adjusted loss and an 11% year-over-year revenue decline to $4.63 billion for Q1 2025 [3] - The company announced plans to fully or partially idle six steel plants due to underperforming non-core assets and lower index prices [3] - Cleveland-Cliffs' share price fell from $8.49 to $7.15 following the financial results announcement, a decline of $1.34 per share [3]

Kohl's Corporation (NYSE: KSS ) operates department stores in the U.S. with 1175 total locations, being the largest department store chain in the country. Kohl’s sells both branded and private label products, including apparel, home products, beauty products, and other product categories.I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around id ...

Core Viewpoint - Kohl's Corporation is under investigation for potential violations of federal securities laws and unlawful business practices following the termination of its CEO due to undisclosed conflicts of interest in vendor transactions [1][2]. Group 1: Company Actions - On May 1, 2025, Kohl's announced the termination of its CEO for violating company policy by engaging in vendor transactions that involved undisclosed conflicts of interest [2]. - The CEO directed the company to conduct business with a vendor he had a personal relationship with, under unusual terms favorable to the vendor, and facilitated a multi-million dollar consulting agreement involving the same individual [2]. Group 2: Market Reaction - Following the news of the CEO's termination, Kohl's stock experienced a significant drop accompanied by unusually heavy trading volume [2]. Group 3: Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Kohl's stockholders regarding the company's actions and possible violations of securities laws [1].

Ashley Buchanan’s tenure as CEO of department store chain Kohl’s was short-lived.Buchanan, who became chief executive of Kohl’s Jan. 15, was fired Wednesday (April 30) after an investigation determined he violated company policy by directing Kohl’s to enter into a multimillion-dollar consulting contract with a vendor despite “undisclosed conflicts of interest,” per a regulatory filing with the Securities and Exchange Commission.Buchanan had a personal relationship with that vendor, and the agreement include ...

Core Points - Kohl's terminated its new CEO, Ashley Buchanan, less than four months after his appointment due to ethical violations [1][2] - An investigation revealed that Buchanan directed the company to engage with a vendor with whom he had a personal relationship, resulting in favorable terms for the vendor [2] - Buchanan failed to disclose this personal relationship, violating the company's code of ethics [2] Company Actions - Following Buchanan's termination, the board decided to withdraw his nomination for election as a director at the upcoming annual meeting of shareholders [3] - Buchanan is required to forfeit all equity awards and reimburse $2,500,000 of his signing incentive [3] - The board will initiate a search for a permanent replacement, appointing Michael J. Bender as interim CEO [3]

Kohl’s canned its chief executive — hired just four months ago — after an investigation showed that he violated the retailer’s conflict of interest policies, the company said on Thursday.Ashley Buchanan directed Kohl’s to “engage in vendor transactions that involved undisclosed conflicts of interest,” the company said.Kohl’s audit committee oversaw an investigation led by an outside law firm which found that Buchanan had not disclosed the vendor relationships that were deemed inappropriate and for which he ...

Kohl's announced on Thursday that it fired CEO Ashley Buchanan after an investigation found he violated company policies. The retailer said its board terminated Buchanan after the investigation "determined Mr. Buchanan violated company policies by directing the Company to engage in vendor transactions that involved undisclosed conflicts of interest." His termination did not have anything to do with the company's "performance, financial reporting, results of operations," nor did it involve any other employee ...

Ashley Buchanan Photo: MichaelsKohl’s KSS 4.25 %increase; green up pointing triangle said it terminated Ashley Buchanan as chief executive for cause after an investigation found he violated company policies related to conflicts of interests with certain vendors.The department-store chain said in a securities filing that Buchanan, who was appointed to the role in November, directed the company to conduct business with a vendor founded by an individual who he had ties to. Kohl’s said that highly unusual terms ...

Company Overview - Kohl's shares increased by 8% to $7.17 in the last trading session, with a higher-than-average trading volume, despite a 40.9% loss over the past four weeks [1] - The company is focusing on effective inventory and expense management, with key growth categories including Sephora, home decor, and impulse items, contributing to its recent success [2] Financial Performance - Kohl's is expected to report a quarterly loss of $0.53 per share, reflecting a year-over-year decline of 120.8%, with revenues projected at $3.13 billion, down 7.5% from the same quarter last year [2] - The consensus EPS estimate for Kohl's has been revised 94% lower in the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] Industry Context - Kohl's operates within the Zacks Retail - Regional Department Stores industry, where another competitor, Dillard's, saw a 1.1% decrease in its stock price, with a return of -11.1% over the past month [4] - Dillard's consensus EPS estimate has changed by -2.1% to $9.10, representing a year-over-year change of -17.9%, and it currently holds a Zacks Rank of 4 (Sell) [5]

Core Viewpoint - Kohl's stock has faced significant declines, dropping nearly 22% week to date, following the announcement of a top executive's departure and a critical analyst report [1]. Executive Departure - Kohl's chief technology and digital officer, Siobhán McFeeney, announced her departure in a regulatory filing, with no information provided on her successor or ongoing search for a replacement [2]. Digital Operations Concerns - The retail sector's competitiveness makes a strong digital operation essential, and the sudden exit of a key executive raises concerns about Kohl's ability to maintain its online sales performance [3]. Analyst Recommendations - UBS analyst Jay Sole reiterated a sell recommendation for Kohl's stock, setting a price target of $5, citing the company's struggles in competitiveness regarding price, products, and service [3][4]. Market Positioning - The analyst's view suggests that Kohl's operates like a traditional brick-and-mortar retailer, failing to adapt to modern retail challenges, indicating a cautious outlook for the stock [5].