Kohl’s has terminated Chief Executive Ashley Buchanan after a probe found he had directed the retailer to engage in vendor transactions that involved undisclosed conflicts of interest.

Kohl’s has terminated its new CEO Ashley Buchanan after an investigation determined that he directed the retailer to engage in vendor transactions that involved undisclosed conflicts of interest ...

Kohl's on March 11 reported a 9.4% sales decline, and a 74.2% profit decline, during the pivotal fourth quarter of 2024 that includes the holiday shopping season. Buchanan took over as CEO on Jan. 15.

Kohl’s will conduct a search for a permanent CEO and said it will name a new chair in due course. The company couldn't be immediately be reached for comment.