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Kohl’s Fires CEO for Directing Millions to Romantic Partner

The department store is searching for a permanent CEO replacement after Kohl’s Corp.’s board discovered Ashley Buchanan, who had joined Kohl’s in January, had directed millions of company dollars to his then-undisclosed romantic partner.
Kohl's store.
Shortly after Buchanan became CEO in January, Kohl’s said that it would eliminate about 10 percent of its roles reporting into corporate offices. (Shutterstock)

Kohl’s Corp.

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Further Reading

Can Department Stores Save Themselves? | The Debrief

BoF Senior Correspondent Sheena Butler-Young and Retail Editor Cathleen Chen discuss the ongoing struggle of American department stores to remain relevant and what lessons they might learn from their European counterparts.

Why Retailers Must Help Rebuild Society

We are crossing over into a new era where competitive advantage for major retailers which will come, not through further extraction of value from society, but through contribution of value to society, argues futurist Doug Stephens.

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