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 ...

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 ...

Group 1 - Macy's stock closed at $10.80, reflecting a -0.28% change from the previous day, underperforming compared to the S&P 500's gain of 1.67% [1] - Over the past month, Macy's stock has decreased by 20.25%, significantly worse than the Retail-Wholesale sector's loss of 4.21% and the S&P 500's loss of 6.57% [1] Group 2 - Upcoming earnings disclosure is expected to show an EPS of $0.14, a decline of 48.15% year-over-year, with projected net sales of $4.47 billion, down 7.86% from the previous year [2] - For the entire fiscal year, earnings are estimated at $2.12 per share and revenue at $21.27 billion, indicating declines of -19.7% and -4.6% respectively from the prior year [3] Group 3 - Recent adjustments to analyst estimates for Macy's reflect changing short-term business dynamics, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Macy's at 4 (Sell), with no changes in the EPS estimate over the last 30 days [6] Group 4 - Macy's is trading at a Forward P/E ratio of 5.1, which is significantly lower than the industry average of 11.48, indicating a discount compared to its peers [7] - The Retail - Regional Department Stores industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 228, placing it in the bottom 9% of over 250 industries [7]

NEW YORK and MEXICO CITY, April 15, 2025 (GLOBE NEWSWIRE) -- Rezolve Ai (NASDAQ:RZLV), a global leader in AI-powered commerce technology, is proud to announce a landmark $9.8 million yearly contract with Liverpool Mexico, the country's premier department store chain. This multi seven-figure deal highlights Liverpool's strong endorsement of Rezolve Ai's innovative technology stack Brain Commerce, including the cutting-edge SEO Studio which is deeply integrated with Google's ecosystem to deliver unparalleled ...

Kohl’s (KSS) Q4 2025 Earnings Call March 11, 2025 09:00 AM ET Company Participants Trevor Novotny - Senior Finance Manager, Investor RelationsAshley Buchanan - CEOJill Timm - Chief Financial OfficerDana Telsey - CEO and Chief Research OfficerOliver Chen - Managing Director - Retail, Luxury, New Platforms Sector HeadMichael Binetti - Senior Managing DirectorAshley Helgans - Senior Vice PresidentBrooke Roach - Vice President - Equity Research Conference Call Participants Mark Altschwager - Senior Research Ana ...

Kohl’s (KSS) Q4 2025 Earnings Call March 11, 2025 09:00 AM ET Company Participants Trevor Novotny - Senior Finance Manager, Investor RelationsAshley Buchanan - CEOJill Timm - Chief Financial OfficerDana Telsey - CEO and Chief Research OfficerOliver Chen - Managing Director - Retail, Luxury, New Platforms Sector HeadMichael Binetti - Senior Managing DirectorAshley Helgans - Senior Vice PresidentBrooke Roach - Vice President - Equity Research Conference Call Participants Mark Altschwager - Senior Research Ana ...