Page 5 - Peter Boneparth News Today

KSS earnings call for the period ending September 30, 2022.

Middle-income shoppers have tightened their spending on clothing and home furnishings. Thats squeezing Macys, Kohls, Target and other chains.

Results from Macy’s, Kohl’s and Gap have further underscored the cloudy picture for U.S. retailers heading into the start of the holiday season

Retail industry news, voices and jobs. Optimized for your mobile phone.

Michelle Gass, CEO of department store chain Kohl’s, is stepping down from her role early next month and will become the president of denim giant Levi Strauss & Co. Levi’s said in a release that Gass will start on Jan. 2 and the board of directors has put in motion a succession plan for her to succeed Chip Bergh, president and CEO in the next 18 months.

We bring you the latest update in our recurring series on companies that enjoy major corporate insider interest over the most recent quarter. Click here to read more.

Kohl's CEO Michelle Gass, who joined the retailer in 2013, will step down next month. The company named Tom Kingsbury as interim CEO until it finds a permanent replacement.

Levi Strauss announced that Gass will replace CEO Chip Bergh. To whom she will report to for the next 18 months before taking over as chief executive.

The difficult year for Kohls Corp. continues as the company announced Tuesday morning its CEO Michelle Gass plans to step down from her position.

Kohl's Corp. chief executive officer Michelle Gass will step down from her role on Dec. 2 to accept another opportunity, the Menomonee Falls-based retailer announced Tuesday.