Ashley Buchanan

Americans have been dealing with the rising costs of housing, groceries and transportation for years. A slew of new data suggests the formerly resilient U.S. consumer may be starting to crack.  What To Know: The latest report from Fitch Ratings showed a growing number of people are unable to keep...

Kohl's Corp. (NYSE:KSS) on Tuesday joined other major retailers in painting a grim picture of the state of the American consumer. In fact, Kohl's said it expects sales to decline by 5% to 7% in fiscal 2025, due in part to "constrained" shoppers.  What To Know: U.S. consumers have faced steady...

On Dec. 27, Michaels Companies Inc (NASDAQ: MIK) named Walmart Inc (NYSE: WMT) executive Ashley Buchanan as its CEO. The announcement thrust Michaels’ stock price up 45%, but not everyone on the Street acknowledged an immediate or automatic value-add. The Ratings Morgan Stanley analyst Simeon...