A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty Images Department stores like Macy’s and Kohl’s have long used store-branded credit cards to drive purchases and get a cut of cash. Starting this spring, though, those cards will become … Read more
The Levi Strauss & Co. label is seen on clothes in a store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. Andrew Kelly | Reuters Shares of Levi Strauss surged 18% on Thursday after the retailer raised its full-year profit guidance and posted holiday earnings that beat expectations. … Read more
Levi Strauss, which has long relied on wholesalers like Macy’s and Kohl’s to drive its business, is now doing nearly half of its sales through its own website and stores, the company said Wednesday when reporting fiscal first quarter earnings. In the three months ended Feb. 25, direct-to-consumer sales made up a record 48% of … Read more
Signs are posted at the entrance to a Macy’s store that is set to close at Bay Fair Mall on February 27, 2024 in San Leandro, California. Macy’s announced plans to shutter 150 underperforming stores across the United States. Justin Sullivan | Getty Images News | Getty Images Macy’s hasn’t yet shut the approximately 150 … Read more
Shoppers walk in front of a Kohl’s store in Mount Kisco, New York. Scott Mlyn | CNBC Kohl’s said Tuesday that it’s teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country. The retailer struck a deal with WHP Global, … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s most important happenings on Wall Street, highlighting Adobe‘s earnings report, as well as ones from Dollar General and Dollar Tree. He also said it’s important to keep an eye on new data scheduled to be released next week that helps measure inflation. “You need to … Read more
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour said Thursday that its holiday-quarter sales slowed, but its earnings beat estimates as the athletic apparel retailer worked to rein in costs. Soft demand in North America and a slowdown in wholesale … Read more
Then Prime Minister Stephen Harper addresses supporters after he lost the federal election in Calgary, Alberta, October 19, 2015. Todd Korol | Toronto Star | Getty Images An activist hedge fund chaired by former Canadian Prime Minister Stephen Harper is pushing U.S. department store operator Kohl’s to sell itself, according to people familiar with the … Read more
Manonallard | E+ | Getty Images For many Americans, it’s the first holiday season when most of the family may know the term “artificial intelligence” if it comes up during Christmas dinner. Just don’t expect AI to do the heavy lifting for Santa quite yet. The rise of generative AI — and the use of … Read more
Pedestrians walk past a Levi’s store in Hong Kong. Sopa Images | Lightrocket | Getty Images Levi’s CEO Chip Bergh is calling it quits and handing the reins over to his long-anointed successor Michelle Gass, the former CEO of Kohl’s, the company announced Thursday. Gass will take over the chief executive position on Jan. 29 … Read more
