Kohl's has recently announced the appointment of Tom Buchanan as the new CEO, succeeding Michelle Kingsbury. This change in leadership is occurring as Kohl's adapts to changing consumer preferences and the evolving retail landscape.

Buchanan's appointment is expected to bring new perspectives to the company's strategic direction, with a focus on improving operational efficiency and driving growth. This transition in leadership reflects Kohl's dedication to strengthening its position in the competitive retail market.