Kohl's just fired its CEO after only 100 days on the job after striking a 'highly unusual' deal with a vendor he had a personal relationship with

(Credit: Courtesy of Buisnesswire)

• Kohl’s announced Thursday it had fired CEO Ashley Buchanan after an investigation found he had been engaging in vendor transactions and consulting agreements that were a conflict of interest. This violated the company’s code of ethics. The termination comes at the heels of a difficult year for the retailer, which has shrunk its corporate workforce and closed stores.

Kohl’s is continuing to have a rocky year. The retailer announced Thursday CEO Ashley Buchanan was terminated, effective immediately, for violating company policies by directing the company to engage in vendor transactions that involved “undisclosed conflicts of interest” following an investigation conducted by outside counsel.