Kohl’s to bring aboard veteran of Michael’s and Walmart as new CEO. Shares are falling.
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Kohl’s to bring aboard veteran of Michael’s and Walmart as new CEO. Shares are falling.

Kohl’s Corp. on Monday said Tom Kingsbury would step down as its chief executive in January and that it would bring aboard a digitally-focused veteran of Walmart Inc. and Michaels to lead the department-store chain, as it deals with enduring consumer wariness over higher prices.

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