Kohl's names new CEO Michael Bender

Leadership Changes - Kohl's has appointed Michael Bender as the permanent CEO, marking the third CEO change in the last three years [1] - The decision followed an external search for leadership [2] Company Performance - Kohl's shares have increased by 138% since Bender took over as interim CEO on May 1st [2] - The company has faced struggles recently, but there is optimism in the market regarding its potential turnaround [2] Consumer Insights - Bender believes that the middle-income consumer, which Kohl's typically serves, is not disappearing but becoming more discerning in their choices [3] - The company aims to curate its product assortment to better meet customer demands and compete effectively [3] Company Culture and Strategy - Bender emphasizes the importance of fostering a winning attitude and culture within the company [3] - The focus is on understanding customer needs and delivering better than competitors to enhance the company's chances of success [3]