As it initiates a CEO transition, Kohl’s admitted a deemphasis on core, opening-price point, own-brand apparel in third quarter led to softer traffic that ultimately dampened sales across the store, including the home assortment. Home is among the categories Kohl’s...
In a fresh analysis of holiday season activity, business services provider Deloitte maintained Black Friday-through-Cyber Monday spending should reach new heights in 2024. Consumers surveyed by Deloitte expect to spend a record $650 during the Black...
As it looks to complete Chapter 11 bankruptcy proceedings, Big Lots announced it received court approval for the sale of substantially all of the company’s assets and ongoing business operations to a Nexus Capital Management affiliate. Big Lots reported it...
Macy’s is providing preliminary third-quarter results while delaying the release of its full financial results for the period as it investigates a former employee’s purported concealing of as much as $154 million in operational expenses starting in the company’s 2021...
A gifting study commissioned by e-commerce marketing platform Omnisend and conducted by market researcher Cint, revealed parents are most often first on gift shopping lists this holiday season. Omnisend reported 51.2% of respondents said mothers and/or fathers are on...
