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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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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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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.
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Kohl's Issues Better-Than-Expected Outlook as Margins Withstand Supply Chain Strain
CEO Michelle Gass said Kohl’s achieved an operating margin of 8.6% two years ahead of schedule.
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Here's Why Macy's Isn't Splitting Its Online Business From Its Stores
Macy’s said it will forge ahead as one retailer, despite pressure from activist Jana Partners to split into two entities.
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Macy's Earnings Top Estimates, Retailer Says It Won't Spin Off E-Commerce From Stores
The department store chain is rejecting calls from activist firm Jana Partners for it to split its e-commerce operations from its stores.
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Fed Up With the Rise in Thefts and Shoplifting, Small-Biz Owners Across U.S. Are Taking Action
Some small-business owners tell CNBC a rise in theft is devastating to their business, especially now, with many still recovering from a global pandemic.
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Activist Macellum Seeks to Take Control of Kohl's Board, Nominates 10 Directors
Activist group Macellum has amplified the pressure on Kohl’s as it seeks to take control of the retailer’s board and nominates 10 directors.
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Activist Macellum Asks for a Seat on Kohl's Board and for a Commitment to Explore a Sale
Activist hedge fund Macellum Advisors has been asking Kohl’s to consider selling itself and now it wants at least one seat on the retailer’s board.
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Kohl's Shares Surge as Takeover Offers Emerge From Suitors Including Sycamore
Kohl’s shares are soaring as the department store chain is fielding takeover offers from at least two suitors.
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Ralph Lauren CEO Says Metaverse Is Way to Tap Into Younger Generation of Shoppers
Ralph Lauren CEO Patrice Louvet said participating in the virtual world extends the brand’s reach and creates new money-making opportunities.
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Retail Industry Presses Ahead With Conference, Tries to Nudge Americans Toward Normalcy
The National Retail Federation said it will take extra precautions, including handing out N95 masks and at-home Covid tests.
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Mastercard CEO Says Spending Trends Look ‘Relatively Positive' So Far in 2022 After Strong Holiday
“We’re coming with a momentum of the holiday season into the new year and trends continue to look relatively positive,” Mastercard CEO Michael Miebach said.
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Inflation Played a Role in Online Sales Hitting Record $204 Billion Over the Holidays
Online prices increased 3.1% in December compared with the prior year and rose 0.8% month over month, according to Adobe Analytics.
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Retailers Detail Staffing Shortages as Omicron Rages, But Investors Seeing It as Short-Term Hit
Retailers have yet to report their holiday results, but some offered analysts and investors a preview during the ICR conference this week.
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Macy's Is Closing More Stores This Year. Here's a Map of Which Ones Are on the List
Macy’s has released a list of the handful of department store locations that it plans to close this year.
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Omicron Variant Likely to Fuel Inflation, as Americans Keep Shopping Rather Than Dining Out and Traveling, Retail Trade Group Economist Says
National Retail Federation’s chief economist, Jack Kleinhenz, said the latest Covid wave is unlikely to prompt an economic slowdown or a shutdown of businesses.