Kohl’s Eliminates Three Exec Positions

Kohl’s Corp. (Milwaukee) has announced via an internal memo that three corporate executive positions have been eliminated. The cuts include Krista Berry, executive vice president and chief digital officer, Bevin Bailis, senior vice president for communications and public relations, and Paul Calderon, svp for store environment.

Milwaukee Journal Sentinel reports the move comes as part of the company’s plan to increase profitability after weaker-than-expected fourth quarter sales.

The retailer gained one percent in overall sales in 2014. After the announcement of fourth quarter performance, the company’s stock fell 19 percent in one day.