He worked for 13 years at Walmart in top roles including chief merchant of its massive e-commerce business and Sam’s Club division. Buchanan then became CEO of crafts retailer Michaels in 2020, improving its stores,

Kohl’s said it expects sales to drop between 5% to 7% in 2025, and 4% to 6% on a comparable basis, which adjusts for store openings and closures. The retailer forecast earnings between 10 and 60 cents a share for 2025.