Kohltech Windows & Entrance Systems’ Post

📉 ** Kohl's Kohl’s Announces 10% Staff Reduction & Store Closures** 📉 Kohl’s is cutting 10% of its corporate headquarters staff, following a return-to-office mandate. Over half of these positions are vacant and won’t be filled. 🏢 In addition, the retailer will close 27 stores by April 2025. 🔒 With new CEO **Ashley Buchanan** at the helm, Kohl’s faces financial challenges, with a 27% drop in operating income and a 53% decline in net income. 🛑 📅 **Q4 & Full-Year Results Expected in March 2025.** Read More: https://lnkd.in/eMQ9pjhj #Kohls #RetailNews #BusinessUpdates #CEOChange #StaffReduction #RetailIndustry

Kohl's Corp., seeking a new perspective on how to turn around the company and facing an expected challenging holiday season, has named Ashley Buchanan of Michaels Cos. as its new chief executive officer. https://lnkd.in/ebKC6-Cm

“Most of Kohl’s problems seem to be unique to Kohl’s, which ought to be doing better in a 'trading down' environment..." Says Carol Levenson, Director of Research at Gimme Credit. https://hubs.la/Q02ZT0Sj0 #gimmecredit #corporatebondresearch #inthenews

Kohl's CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan Incoming Kohl's CEO Ashley Buchanan and current CEO Tom Kingsbury. Courtesy: Michael's | Kohl's Kohl's is getting a new CEO, its third since 2018. The off-mall department store's current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late 2022, and - https://lnkd.in/dnj7icZJ

Dan O'Donnell gets it wrong on retail. My phone lit up with text messages last night on the drive home, prompting me to tune into Dan's discussion regarding layoff announcements by Kohl's. I would describe the segment as "entertaining", but not accurate. For instance, "...there are exactly two nationwide retailers that are doing OK right now...." I share my reaction to several of his perspectives in the video.

Kohl’s said on Tuesday it has reduced nearly 10% of its corporate workforce, as the department store chain aims to improve profitability. https://bit.ly/3WCJ31P

💡 Am I the only one who hasn’t seen a shift in their business model? It’s still a heavy promotional brand, and if that’s the path to turnaround, I’m even more confused. Gap’s reliance on discounts seems to clash with any attempt to regain long-term brand equity. Historically, brands that over-leverage promotions often condition customers to expect lower prices, making it harder to charge premium rates later. What we’re seeing across the retail landscape is a shift towards experiential shopping, localized inventory, and direct-to-consumer channels. Yet, Gap seems to remain stagnant in its approach. If the turnaround strategy is based on volume-driven promotions, how sustainable is that in a retail environment where consumer expectations are evolving so rapidly? I’d be interested to hear if anyone has seen signs of deeper operational or strategic changes that could support long-term growth. #RetailTrends #BrandStrategy #FashionRetail #ConsumerBehavior #RetailInnovation #BusinessStrategy #GapTurnaround #RetailMarketing #DirectToConsumer #BrandEquity

Decarbonizing our global economy is a tough task; I was drawn to that challenge when I joined Avery Dennison almost 3 years ago. I've been continually impressed by how our teams look to innovate and open up opportunities for our customers to drive sustainability using our innovation and products. Making physical goods, be it food, or plastics, or clothes, or EV batteries requires complex supply chains with myriad sustainability challenges. But real data and real visibility can help overcome those challenges and Avery Dennison's solutions can help make that possible. #supplychain #sustainability #transparency