Kohl’s on Tuesday forecast weaker-than-expected sales and its new chief executive warned that a turnaround will take “some time” – sending its shares toppling 22%. The stock drop put the ...

Just one month into the new year and it's already been a rough one for Kohl's Corp. On Tuesday the company announced it was eliminating roughly 10% of the positions at the headquarters.

That’s why, despite an impressive résumé and executive track record, Buchanan has his work cut out for him as the new CEO of the deeply troubled Kohl’s department store chain. Buchanan ...