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Kohl's Calls on Shareholders to Reject Activist Macellum's Proposal Ahead of Annual Meeting
Kohl’s called activist investor Macellum’s board nominees an “unqualified slate.”
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Bold Design and Body Positivity: Superstar Lizzo Previews Her New Line of Fabletics Shapewear
Lizzo tells CNBC she wanted to disrupt the category following her experiences as a young girl wearing body girdles and other skin-tight suits to contort her shape.
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Nike Sees Signs of Recovery in China, Which Could Be a Good Omen for Other Retailers
Glimmers of hope for Nike in China could be good news for other retailers with big business in the region.
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Nike Reports Sales Growth Driven by North American Demand, Delays Outlook Amid Global Unrest
Nike said it will provide a more detailed outlook for fiscal 2023 when it reports fourth-quarter results.
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Kohl's Confirms It Has Received Multiple Preliminary Buyout Offers
The company’s board of directors has hired bankers at Goldman Sachs to coordinate with bidders.
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Wall Street Is on Watch for Nike Comments on China, Russia and Supply Chain Woes
Nike is set to report its results for the fiscal third quarter after the market closes Monday, amid global unrest and clogged supply chains.
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Kohl's Shares Jump 17% After Reports Say Hudson's Bay, Sycamore Are Preparing Bids
Kohl’s shares jumped Wednesday after reports said Hudson’s Bay and Sycamore Partners were preparing takeover bids for the retailer.
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Macy's Is Overhauling Its Website and Retraining Employees in a Bid to Be Your Personal Stylist
It’s looking to better compete against retail rivals — from its department store competitors to boutique clothing shops to online-only fashion players.
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Macy's CFO Says the American Consumer Is Still Healthy, But Lower-Income Shoppers Could Soon Cut Back
“We’re seeing oil prices escalate, which will only elevate the expenses around essential goods,” said Macy’s CFO Adrian Mitchell.
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Stitch Fix Stock Touches All-Time Low as Styling Service's Future Growth Is in Doubt
Americans are getting dressed up again. But that doesn’t mean all apparel retailers are going to be beneficiaries of post-pandemic wardrobe refreshes.
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Stitch Fix Shares Plummet After Company Cuts Guidance for the Year
Stitch Fix offered a weak outlook for its fiscal third quarter and slashed its forecast for the full year.
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Lululemon Launches Into Footwear as It Seeks to Take on Industry Giants Like Nike, Adidas
Lululemon will debut two types of women’s cross-training sneakers this summer, priced at $138 and $148.
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Michael Kors-Parent Capri Holdings Ditches CEO Succession Plan; Shares Fall
Just months after he took on the role, Joshua Schulman will step down as CEO of the Michael Kors brand. He was slated to become Capri’s CEO later this year.
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Levi Strauss, a Symbol of Freedom in the Soviet Era, Suspends Sales in Russia Amid Ukraine War
The apparel company will also donate more than $300,000 to nonprofit organizations aiding Eastern European refugees.
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Kohl's, Facing Activist Pressure, Plans to Open Smaller Shops and Aims to Make Sephora a $2 Billion Business
Kohl’s issued fresh long-term financial targets for its business, including growing sales by a low-single-digit percentage annually.
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Gap Shares Rise After Retailer Issues Strong Earnings Guidance, Despite Weak Revenue Outlook
Gap Inc. shares climbed after the apparel retailer offered an upbeat forecast for its profits in 2022, in spite of rising inflation and logistics challenges.
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Victoria's Secret Refers to Ukraine War and Inflation as It Offers Dismal First-Quarter Outlook
Victoria’s Secret appeared to reference Russia’s attack on Ukraine as it issued a weak outlook for its first quarter.
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Veteran Ralph Lauren Exec Howard Smith to Resign After Probe Finds He Violated Company Ethics
An investigation revealed conduct by Smith that violated Ralph Lauren’s code of business conduct and ethics and other policies, the retailer said.
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Nordstrom Shares Soar as the Department Store Chain Makes ‘Baby Steps.' But It Still Has a Ways to Go
Nordstrom shares are soaring after the department store chain offered up an upbeat outlook for the coming year, forecasting profits and revenue growth.
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Nordstrom Stock Spikes 35% as Retailer Makes Key Strides in Its Off-Price Rack Business, Issues Strong Guidance
Nordstrom reported better-than-expected profits and sales for the holiday quarter, prompting the retailer to offer an optimistic outlook for the coming year.