The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. Michaels CEO Ashley Buchanan will take over the top job at Kohl’s as Kingsbury departs, after leading the crafting retailer since 2020. While Kohl’s off-mall physical format has insulated it a bit more than other department stores, it has had a difficult several years. Kingsbury took over as CEO after Michelle Gass left Kohl’s to become president and then eventual CEO of Levi Strauss. Kingsbury had been a member of the Kohl’s board since 2021.

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Persons: Kohl’s, Tom Kingsbury, Michaels, Ashley Buchanan, Kingsbury, Buchanan, Kohl’s doesn’t, Kingsbury hasn’t, Michelle Gass, Levi Strauss Organizations: Walmart, Sam’s Club, Walmart U.S, Sam’s, Burlington Stores Locations: Kohl’s