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Jordyn Holman
Posts
Walmart Defies Gloom Over Inflation With Sales and Profit Upgrade
Ahead of the critical holiday shopping season, the nation’s largest retailer reported stronger-than-expected earnings and signaled confidence with a $20 billion share buyback.
Kohl’s Says Its Chief Executive, Michelle Gass, Will Depart
Ms. Gass, who will be replaced on an interim basis by Tom Kingsbury, is leaving ahead of the critical holiday season.
Macy’s Plans to Invest Millions to Fund Minority-Owned Businesses
The department store chain is investing $30 million over five years to support entrepreneurs from underrepresented groups in the retail industry.
Bed Bath & Beyond, Trying to Turn Things Around, Names New C.E.O.
Sue Gove had been the interim leader of the struggling retail chain, which is in the process of closing 150 stores across the United States.
Retailers’ Holiday Wish: That Cash-Strapped Shoppers Will Spend
Retailers have navigated pandemic closures and supply chain snarls in recent years. But dealing with the fallout from inflation could be an even tougher test.
Lululemon Hopes to Showcase Home Fitness Business With Membership Program
The athleisure brand bought the interactive fitness company Mirror for $500 million in 2020, when at-home workouts were booming because of Covid lockdowns.
Macy’s Lowers Expectations for the Year, Pointing to an Inventory Glut
The department store chain said in its earnings report that it had become harder to sell its excess inventory as shoppers pulled back on discretionary…
Retailers Stumble Adjusting to More Selective Shoppers
In earnings reports this week, companies showed it has been a struggle to adapt to a consumer mind-set that is vastly different from what it…
In Search of Growth, Kohl’s Expands Sephora Shops to All Stores
The department-store chain, under pressure to bolster its finances, said that the beauty shops are a way to attract new and younger consumers.
Target’s Profit Sinks as It Offloads Inventory Shoppers Don’t Want
The retailer’s second-quarter profit fell 90 percent from the year before, far below what Wall Street analysts were expecting.
