What: Kohl’s president exits after only 8 months in the job.

Why it is important: Finding the right COO is hard for retail companies. Keeping said COO becomes increasingly harder.

On Friday, Kohl's revealed through a Securities and Exchange Commission filing that its President and Chief Operating Officer, Dave Alves, who joined the company in April with extensive retail experience, has departed. Alves's departure, described as a move to pursue other opportunities, comes amidst Kohl's recent struggles, including pressures from activist investors and challenges in its leadership team. The company expressed gratitude towards Alves for his contributions. Kohl's, facing a 5% year-over-year decline in store comps and a 60% drop in profits in its most recent quarter, remains in a precarious position as it prepares to announce its Q3 results.

Kohl’s president, COO exits after less than a year