Kohl's Corp (KSS) saw its shares drop sharply by 5.05% during intraday trading on Monday, reflecting investor concerns over recent leadership changes.
The decline follows the company's announcement of appointing retail veteran Michael Bender as permanent CEO, replacing Ashley Buchanan, who was fired in November due to a personal relationship with a vendor. Such abrupt leadership transitions often create uncertainty among investors, potentially leading to heightened volatility in the stock.
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