Jonathan Roeder

3 weeks ago | bloomberg.com | Jonathan Roeder

An American Eagle Outfitters store in New York. (Bloomberg) -- American Eagle Outfitters Inc. pulled its guidance for the full year following a first quarter that was marred by discounting and a write-down of inventory, sending the stock down in New York trading. In a preliminary earnings release, the apparel chain said comparable sales are expected to be down about 3% in the three-month period ended May 3. Revenue is projected to be about $1.1 billion, a decline of roughly 5% from a year earlier.

1 month ago | chicagobusiness.com | Jonathan Roeder |Lily Meier

Kohl’s Corp. fired its chief executive officer after the board uncovered that he directed the retailer to do millions of dollars of business with someone he had a personal relationship with on “highly unusual terms.” The company said it’s starting a search to find a permanent replacement following the departure of Ashley Buchanan, who only started in January from running retailer Michaels Cos. Chairman Michael Bender will serve as interim CEO, according to a statement.

1 month ago | news.bloombergtax.com | Jonathan Roeder

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1 month ago | news.bloomberglaw.com | Jonathan Roeder

Kohl’s Corp. named an interim chief executive officer after it found the current CEO, Ashley Buchanan, engaged in “vendor transactions that involved undisclosed conflicts of interest.”The company named Chairman Michael Bender as interim CEO and is starting a search to find a permanent replacement, according to a statement. Ashley Buchanan Source: Kohl’s Kohl’s shares rose as much as 8.2% in New York trading on Thursday.

1 month ago | bloomberg.com | Jonathan Roeder

Kenvue, which owns the Neutrogena and Listerine brands, has faced a push from activist investors for changes as the company loses ground to competitors. (Bloomberg) -- Shares of Kenvue Inc. rose on Friday following a report by the Financial Times that the hedge fund Third Point had built up its stake in the company. Kenvue stock rose 1.4% at 3:19 p.m. in New York trading. The stock has advanced 8.1% so far this year, versus a decline of about 6% over the same period for the S&P 500 Index.