Michelle Gass, Kohl’s Corp. CEO, is stepping down from her post and board of director membership to take a newly created executive position at Levi Strauss & Co. that figures into that organization’s succession plan. Kohl’s board of directors announced that...
According to the National Retail Federation, May sales results wavered when compared to April as consumers faced continuing inflation including higher prices for essentials such as food and gasoline. The United States Census Bureau has announced that retail sales in...
Despite pressure on household finances, consumer shopping activity contributed to double-digit growth across nearly all retail sectors in May, according to Mastercard SpendingPulse, which measures in-store and online retail revenues across all forms of payment,...
According to the Institute for Supply Management, economic activity in the services sector grew in May for the 24th month in a row with the Services Purchasing Managers’ Index registered 55.9%, above the 50% gain/decline line. Retail, however, didn’t fare...
