Kohl’s characterized its second quarter as record-breaking as it beat Wall Street sales and earnings estimates. Net income was $382 million, or $2.48 per diluted share, versus $47 million, or 30 cents per diluted share, in the year-earlier period. Adjusted for...
Kohl’s is using just about all its resources to push its back-to-school and back-to-college promotions including its extensive loyalty-based discounting programs, a facet of the business the retailer just about always touts in its marketing initiatives. Promotions for...
Belk, in a series of leadership moves, promoted Nir Patel to CEO as Lisa Harper, who Belk’s CEO since 2016, transitions to executive chair of the Belk board of directors. Patel, previously president and chief merchandising officer, joined the company in 2016 as...
Kohl’s is countering Amazon’s Prime Day sales event with its own promotion with a strong home merchandise component. The event falls as Kohl’s continues working to turn around the business after restrictions set to quell COVID-19 restricted its operations during the...
Recent news that Food52 was acquiring Dansk probably caught more than few industry observers by surprise. Perhaps it was no surprise that Centre Lane Partners, the new private-equity owner of a Lenox business in transition, spun off a Dansk cookware and tableware...
