Kohl's Corp

KSS: XNYS (USA)
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Kohl's: Sudden CEO Exit Delays Search for Stability, but We Think There Is Real Value in Shares

Ashley Buchanan has been ousted as Kohl's CEO after less than four months due to a conflict of interest. Chair Michael Bender will serve as interim CEO. Kohl's also provided preliminary first-quarter results, including comparable sales down 4%-4.3% and a loss per share of $0.20-$0.24.

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