Kohl's on Tuesday said it expects sales to be down 7% to 8% for the year, which is the third quarter in a row the company has changed its expectations on its performance. The Menomonee Falls-based retailer reported a profit of $22 million for the quarter,

Kingsbury will remain with Kohl’s in an advisory role to Buchanan and stay on the board until he retires in May.

He replaces Tom Kingsbury, whose initial contract to lead the department store chain was set to expire in early 2025.