Fourth quarter sales at Kohl’s were down, but the retailer reported a slight uptick in comparable store sales for the three month period ended February 2.
In recent years, we have discussed the need for retailers to rethink how each uses their physical space to keep their brick-and-mortar stores relevant as digital commerce continues to grow.
Kohl’s is preparing a CEO succession plan as Kevin Mansell, the retailer’s chairman, chief executive officer and president, plans to retire in May 2018 at the close of the company’s annual shareholders meeting. Michelle Gass, currently chief merchandising and customer officer, will assume the CEO role at that time.
Kohl’s has appointed Michelle Gass to the newly created position of chief merchandising and customer officer with oversight of the…