Kohl's Corporation (KSS) and Amazon have established a partnership that allows customers to return eligible Amazon purchases at Kohl's stores. This agreement, which began as a pilot program in 2017, expanded to all Kohl's locations nationwide by July 2019.

While specific terms regarding the duration of the agreement have not been publicly detailed, the partnership has been in effect since 2017 and has been expanded significantly since then. Given its success in driving customer traffic and enhancing convenience for Amazon shoppers, it is expected to continue long-term 2 6
.This collaboration not only benefits customers by simplifying returns but also serves Kohl's strategic interests by attracting new shoppers to their stores.

• CEO of Michaels Companies (2020-Present): Buchanan has successfully led Michaels, enhancing profitability and cash flow while expanding its digital presence and optimizing store formats. His leadership included simplifying merchandise strategies and introducing operational efficiencies 1 4 5
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• Walmart Tenure (13 Years): Prior to Michaels, he held significant roles at Walmart, including Chief Merchandising Officer and Chief Operating Officer for U.S. e-Commerce. This experience provided him with a strong foundation in retail operations and merchandising 2 3 6
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• Early Career: Buchanan began his career at Dell in finance and later worked at Accenture, focusing on retail solutions 5.

With Kohl's large company owned real estate the potential for an exit strategy involving Kohl's and Amazon could indeed lead to significant changes in Kohl's real estate utilization, including sales-leaseback transactions and the creation of mini warehouse hubs within Kohl's stores. This approach is increasingly seen as a way for traditional retailers to adapt to the evolving retail landscape dominated by e-commerce giants like Amazon.