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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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New Balance Bulks Up Manufacturing Presence in U.S. Amid Global Supply Chain Backlogs
New Balance has opened a manufacturing facility in Methuen, Massachusetts, the sneaker retailer’s fifth in North America.
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Wisconsin Senator Urges Kohl's to Reject Buyout Offers That Threaten Jobs in Retailer's Home State
A Wisconsin senator is urging Kohl’s to not accept any buyout offer that might precede a bankruptcy filing or threaten workers’ jobs in the state.
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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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Warby Parker Offers Weak Outlook, Reports Loss From Holiday Quarter
Warby Parker said sales were hurt in the final weeks of December, which coincided with typical peak demand in the optical industry.
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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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Dick's Sporting Goods Expects More Profit Momentum After Solid Holiday Quarter
CEO Lauren Hobart said the company’s 2022 outlook establishes a new foundation for the Dick’s to build upon in the future.
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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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Retailers Start to Warn of Business Impact From Russia's Invasion of Ukraine
Some retailers, including Victoria’s Secret, are warning about business impacts from the Ukraine crisis. Others, like Nike, have suspended operations in Russia.
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Peloton Ex-CEO John Foley Sells $50 Million in Stock to Michael Dell's Investment Firm
Peloton co-founder and ex-CEO John Foley has sold about $50 million in stock to an investment firm backed by Michael Dell, MSD Partners.