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Shares of Kohl’s Corporation (NYSE: KSS) were up nearly 10% on Thursday after the company fired CEO Ashley Buchanan after just four months on the job, appointing Chairman Michael Bender as interim chief executive officer effective immediately. Buchanan’s termination comes after an investigation by Kohl’s‘ board found he violated the company’s code of conduct twice, and was involved in undisclosed conflicts of interest stemming from a personal relationship with a vendor, according to the Wall Street Journal. “Buchanan’s termination is unrelated to the Company’s performance, financial reporting, results of operations and did not involve any other Company personnel,”…

Back in January, Kohl’s announced that it would be closing 27 of its stores across America in order to help the company control costs and increase operational efficiency. At the time, Kohl’s described the closing locations as “underperforming” and said “the closures will occur by April 2025.” And now it looks like Kohl’s remains on track for that “by April” deadline. As first noticed by USA Today, the 27 stores that Kohl’s had previously announced would be closing now list their last day of operation as this Saturday, March 29, on Kohl’s store locator tool. For example, the store locator listing for the Kohl’s located at 1116 1st Street in Napa, California, now l…

For the first time since 1984, the airline Korean Air is updating its charmingly retro look to new branding that’s better suited for the modern era. The rebrand, designed by the global creative consultancy Lippincott, includes a new wordmark, refreshed logo, and pared-down color scheme. It’s set to debut across Korean Air’s operations and on the livery of its aircraft in the coming weeks. The rebrand comes just a few months after Korean Air officially completed merger negotiations with Asiana Airlines, South Korea’s second-largest airline. The two companies will become one mega-airline. [Image: Korean Air]As Korean Air begins to integrate Asiana Airlines’ operations with …

Kraft Heinz announced on Tuesday that new CEO Steve Cahillane will join the food giant to help steer its split into two companies. The former head of Kellanova joins the ailing food giant after years of declining sales and slow growth, and as shares are down 75% since 2017. In 2026, the company will split into two independent, publicly traded companies, Global Taste Elevation Co. and North American Grocery Co., with the first focused on condiments and the Heinz ketchup brand, and the second on Oscar Mayer, Kraft Singles, and Lunchables brands. Cahillane comes on board January 1, 2026 and will serve as chief executive officer of the first of those companies, which …

The commercial jingle will never die. The classic advertising device’s longevity is as impressive as it is surprising. Despite just about everything else in the advertising industry changing over the past two decades, it remains one of the few core tools many marketers still rely on. It’s why when you read, “Liberty, Liberty, Liberty” you’ll be singing the Liberty Mutual tune in your head. Kraft Heinz CMO Todd Kaplan knows this. He also knows that in order to really make a jingle stick, it helps if you enlist legendary artists to sing it. Which is why this week, the company’s Lunchables brand dropped its reimagined version of the 2002 Buckwheat Boyz brainworm “Peanut…

When I first met Krea co-founders Victor Perez and Diego Rodriguez in 2023, the industry was scrambling to understand the a-bomb of generative AI. But inside their work-live condo in Hayes Valley, San Francisco—decorated with an Eiffel Tower built from La Croix cans—the duo painted a confident vision of the future: One where they could build a platform not just about “generating” AI media, but a toolset to offer an artisan level manipulation of this new technology. They wanted to consolidate the world of AI models, then blur the bounds of media as we understand it, erasing the divisions between images, video, and sound in a new era powered by computational intelligen…

Shares of Krispy Kreme Inc. (NASDAQ: DNUT) plunged over 28% on Thursday after the donut-and-coffee chain said it will no longer pay out its quarterly dividend and that it was “reassessing” the deployment of its planned McDonald’s rollout, and fell short of earnings expectations, according to Bloomberg. Krispy Kreme’s earnings missed expectations for the first quarter of 2025, with the company posting an EPS (earnings per share) of negative $0.05, coming in below the EPS forecast of negative $0.04. It posted revenue of $375.2 million, within previous guidance but below a forecast of $385.11 million. Following the announcement, Krispy Kreme’s stock fell by 28.18% in…

After a two-year battle with regulators, a federal judge ruled in late December to block the merger of grocery behemoths Kroger and Albertsons. The deal fell apart after facing significant pushback—and a lawsuit—from the Federal Trade Commission under the Biden administration, in part over concerns that unionized grocery workers would have less leverage to negotiate wage increases and respond to layoffs following a merger. Those concerns were not unfounded: The overwhelming majority of grocery workers (92%) are frontline staff in nonsupervisory positions, according to data from the Bureau of Labor Statistics—and as industry leaders, Kroger and Albertsons employ 28% o…

U.S. grocer Kroger said on Monday CEO Rodney McMullen has resigned after a board investigation found that his personal conduct was “inconsistent” with certain company policies. The conduct is not related to financial performance, operations or reporting, and it did not involve any Kroger associates, the company said. The surprise ouster of the 64-year-old executive comes after the company in December terminated a two-year effort to buy rival Albertsons in a $25 billion deal, an attempt McMullen had staunchly defended as a way to fight higher prices and better compete with Walmart and Costco. Meanwhile, Albertsons has sued Kroger for an alleged breach of contra…

The list of retailers that have yanked pasta products from their shelves continues to grow in the wake of a deadly Listeria outbreak. On October 4, grocery retailer Kroger Co voluntarily recalled deli pasta salads sold at Kroger-owned locations including Ralphs, Smith’s, and Fred Meyer, in addition to Kroger stores. The products were recalled due to a risk of contamination with Listeria monocytogenes. The recall notice was published to the website of the Food and Drug Administration (FDA) on Saturday. To date, no illnesses have been reported in connection with this recall. However, the Centers for Disease Control and Prevention and the USDA’s Food Safety and …

It’s been a tough few weeks for the consumer health company Kenvue, after President The President publicly spread unproven claims about Tylenol, one of its core subsidiary brands. Today, though, it seems like there might finally be some good news for Kenvue. This morning, Kimberly-Clark, the personal care corporation behind brands like Kleenex, Huggies, and Cottonelle, announced that it’s struck an agreement to acquire Kenvue (which, alongside Tylenol, also owns brands like Band-Aid, Zyrtec, and Listerine). The deal, which is expected to close in the second half of 2026, will proceed through a cash and stock transaction that’s set to value Kenvue at around $48.7 billi…

Los Angeles County said Wednesday that it’s suing Southern California Edison, alleging the utility’s equipment sparked January’s Eaton Fire, which destroyed more than 9,400 structures and killed 17 people in the Altadena area. The lawsuit seeks to recover costs and damages sustained from the blaze that damaged “essential community infrastructure” and “massively impacted the County’s natural resources, harmed the environment and wildlife, and threatened public health,” LA County said in a statement. Additional costs have been incurred by county departments for ongoing support in assisting residents recovering from the fire’s destruction, according to the lawsuit. …

A consumer advocacy group filed a lawsuit this week to block insurers from charging California customers for $500 million in costs associated with the deadly Los Angeles fires. California’s insurance commission in February ordered insurers doing business in California to provide $1 billion to the FAIR Plan, the state’s insurer of last resort, to help it pay out claims related to the L.A. wildfires. The order allows insurers to recoup half the cost from its policyholders in the form of a onetime fee. The commissioner must approve the costs. The lawsuit, filed by Consumer Watchdog in Los Angeles, alleges Insurance Commissioner Ricardo Lara overstepped his authority …

As the Los Angeles area stares down the long recovery process from recent wildfires that burned thousands of homes, one architecture firm is trying to help by giving away one of its residential designs. New York-based Bonetti/Kozerski Architecture is donating all the architectural plans, sections, and 3D models of a fire-resistant home, potentially saving homeowners tens of thousands of dollars in design fees. “We were archiving unbuilt projects around the time of the Los Angeles fires, and we came across this idea that we had for a house on a coastal area,” says Enrico Bonetti, the firm’s cofounder. “We loved the floor plans and then we realized that the design, the …

Anthony Obi never imagined the night of Jan. 7 would be the last time he’d step inside his safe haven. The Houston rapper, known professionally as Fat Tony, has lived in the Altadena neighborhood for a year and says he and his neighbors were prepared for heavy winds and perhaps a few days of power outages. “I totally expected, you know, maybe my windows are going to get damaged, and I’ll come back in like a day or two and just clean it up,” said the rapper. But residents like Obi woke up the following morning to news that thousands of homes and entire neighborhoods had been burned to ash, destroyed by flames that wiped out large areas of Pacific Palisades and …

The one-bedroom cottage with a woodsy vibe reminded Heather McAlpine of the home she lost to the brutal Los Angeles-area wildfires. But only two hours after seeing the listing, the rental was snapped up. She is one of tens of thousands of people displaced by the fires who is now competing for housing in a region that is among the most expensive and competitive in the country, partly due to lack of supply. McAlpine, had lived in her Altadena house for four years and is now staying with her boyfriend. She isn’t surprised by spiking rents. “I know they’re expensive, and it sucks,” she said. Tenants who were just getting by before the fires now face a daunting housing sea…

The Labor Department said Wednesday that it will not be releasing a full jobs report for October because the 43-day federal government shutdown meant it couldn’t calculate the unemployment rate and some other key numbers. Instead, it will release some of the October jobs data — most importantly the number of jobs that employers created last month — along with the full November jobs report, now due a couple of weeks late on Dec. 16. The department’s “employment situation” report usually comes out the first Friday of the month. But the government shutdown disrupted data collection and delayed the release of the reports. For example, the September jobs report, now co…

In early 2023, a couple of months after ChatGPT launched and became the fastest-growing consumer application in history, I remember feeling both excited but also a bit overwhelmed by the rapid pace of AI. The barrage of news, product launches, and innovative use cases was relentless. We held an executive meeting at that time and decided to immediately reassign additional teams from other long-planned initiatives to double down on AI. We saw an opportunity to deliver even more value to our customers. My experience is not unique. Across the board, leaders have been aggressively implementing AI to improve productivity, lower costs, and improve communication—but the r…

The latest wave of tech layoffs doesn’t have to be a step backward—it can be a launchpad. If you’ve spent years shipping products, debugging systems, and partnering with go-to-market teams, you already have what many founders don’t: domain insight and a network. Pair that with AI “employees,” (role-specific software agents trained on your company’s data that can perform defined tasks like drafting on-brand content, qualifying leads, and updating CRMs) and your severance becomes seed capital for a lean, scalable company. What’s different now is that the traditional barriers to starting a business have collapsed. The math is transformative: What once required $500,000 …

The Lamborghini of baby strollers is literally a Lamborghini. Luxury carmaker Automobili Lamborghini is getting into baby gear by partnering with the British nursery brand Silver Cross for a limited-edition stroller called the Reef AL Arancio. Just 500 of the strollers will be made and each comes with a numbered edition plaque. Silver Cross calls it a “super stroller,” and it retails for about $5,000. [Image: Silver Cross] The stroller’s design borrows from the Lamborghini’s foundations, Silver Cross says, with an automotive-inspired brake pedal, hand-finished handlebar, and high-performance suede with Italian leather details. It comes with a high-gloss polycar…

The top prize in landscape architecture has just been awarded to Mexican designer Mario Schjetnan, a multifaceted landscape architect whose work has transformed parks across Mexico City and vastly expanded social housing projects across his home coountry. Schjetnan and his firm, Grupo de Diseño Urbano (GDU), were announced winners of the 2025 Cornelia Hahn Oberlander International Landscape Architecture Prize, a biennial award from the Cultural Landscape Foundation recognizing the most influential and impactful practitioners in the field. Schjetnan and GDU have designed some of the most significant parks in Mexico, including Chapultepec Forest and Park, the se…

One more reminder about our upcoming online event: On Thursday, March 27, at 1 p.m. ET, my colleague Max Ufberg and I will host “The AI Tools We Love Right Now—and What’s Next,” exclusively for Fast Company Premium subscribers. We’ll discuss the AI-assisted productivity tools that are actually helping us get our jobs done, and where we’d like to see the whole category go. Fast Company Premium subscribers can RSVP here. And if you aren’t yet a subscriber, here’s where you can become one. Hope to see you there! It’s the World’s Most Innovative Companies week at Fast Company. Our annual ranking of organizations across 58 industries is live on our site, and bursting w…

Former U.S. Treasury Secretary Larry Summers said on Monday he will step back from all public commitments, days after President Donald The President ordered the Justice Department to investigate his and other prominent Democrats’ ties to convicted sex offender Jeffrey Epstein. Summers, a former president of Harvard University, where he is a professor, told the university’s student newspaper that the move was to allow him “to rebuild trust and repair relationships with the people closest to me.” The announcement came after the House Oversight Committee released thousands of files related to Epstein last week, including documents that showed personal correspondence …

Is the future of concert venues more spheres? It seems so. Following on the success of Sphere in Las Vegas, plans are underway to bring a smaller-scale version to the National Harbor in Maryland, just outside of Washington, D.C. Wes Moore, the governor of Maryland, announced on Sunday that the state and Prince George’s County are working with Sphere Entertainment Co. and Peterson Companies to develop a 6,000-seat sphere, its second venue in the U.S. “This will be one of the largest economic development projects in Prince George’s County history,” Moore said in a statement. “We’re excited for what this means for our people, and how it will showcase the best of wha…