Published on 4 Jan 2024 on Milwaukee Journal Sentinel via Yahoo Finance
Store openings, layoffs, profits and executive changes: A year with Kohl's CEO Tom Kingsbury
Tom Kingsbury has been CEO of Kohl’s Corp. for a year, including his time as interim-CEO, and during this time the company has opened stores, laid off workers, recorded profits and executives have left the retailer.
Kingsbury oversaw changes that range from expanding Kohl's' partnership with Sephora, updating the layout of stores, and organizational restructuring.
Some of the changes have been good for the company, including increased profits for several quarters in a row after major losses in 2022. Its partnership with Sephora has rolled out to more than 900 stores and the company believes it can grow it to be a $2 billion business.