Kohl’s shares surge after CEO Michelle Gass plans to leave
Michelle Gass, CEO of struggling department store chain Kohl’s, will step down from her role early next month to become ...
Tag: retailers
Amazon to freeze hiring in corporate workforce
Amazon to freeze hiring in corporate workforce Breaking News Click to close
Amazon shares tumble on profit drop, weak sales forecast
Amazon projected current-quarter sales below Wall Street estimates on Thursday as decades-high inflation and intense competition from rivals such as Walmart weigh ...
Rite Aid executives bemoan out-of-control NYC shoplifting at stores
Top Rite Aid executives grumbled about a widespread shoplifting problem in New York City after the retailer reported worse-than-expected quarterly ...
Kohl’s CEO, chairman under fire from hedge fund Ancora
Ancora Holdings, one of the hedge funds that spearheaded a board shake-up last year at Kohl’s, is now pushing for the ...
Nordstrom plays defense after Mexican retailer amasses stake
Nordstrom has adopted a “poison pill” to prevent investors from amassing 10% or more of its shares, the company said Tuesday, just days ...
Gap cutting 500 corporate jobs as it battles weak sales
Gap is eliminating about 500 corporate jobs, the apparel chain said on Tuesday, as it struggles to protect margins and battles ...
Walmart-backed fintech One to test banking services
One, a fintech company backed by Walmart, will introduce checking accounts to thousands of Walmart employees and a small percentage of its online ...
Bed Bath & Beyond unveils restructuring; shares tumble
Shares of Bed Bath & Beyond lost nearly a quarter of their value Wednesday after the struggling home goods retailer ...
Peloton to sell exercise bikes, accessories on Amazon
Peloton to sell exercise bikes, accessories on Amazon Breaking News Click to close
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