Retail veteran Dave Alves has been named Kohl’s president and chief operating officer.
He will report to CEO Tom Kingsbury, who was appointed permanent chief executive last month, having served in the job in an interim capacity since December.
In his new role, Alves will be responsible for Kohl’s 1,200 stores, global supply chain and distribution centers, real estate portfolio, purchasing, sustainability, risk management, and compliance functions.
Alves has more than 30 years of experience in the retail industry. Most recently, he was president and chief retail officer for Bealls Retail Group.
The news comes as Kohl’s announced what CNN termed “rough” results for the holiday season.
Net sales for the fourth quarter (ended Jan. 28, 2023) fell 7.2%, with comps dropping 6.6%.
“Our efforts to drive the business are already underway,” said Kingsbury in a statement. “We are refining our strategy and reestablishing merchandise disciplines with a customer-centric focus across the organization. I am confident that our efforts will drive improved, and more consistent, sales and earnings performance over the long term.”
(Photo courtesy of Kohl’s)
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