Activist investor Ancora Holdings Group is making a pitch for new leadership at Kohl’s Corp. after Macellum Advisors failed in a proxy suit to take over the company’s board. In a proxy fight, the Kohl’s-sponsored sheet of nominees won control of the board and rejected...
At the Groceryshop 2022 event in Las Vegas, Kroger Co. chief information officer and senior vp, Yael Cosset, shared what the company characterizes as its seamless strategy and how evolving shopping trends are generating change, it revealed. And he pointed out that the...
The Mastercard SpendingPulse 2022 holiday season forecast calls for a 7.1% year-over-year gain U.S. retail sales, excluding automotive. Mastercard noted the 2021 holiday season represented a retail resurgence, with sales up 8.5% as pandemic induced pent-up demand,...
Post-COVID-19 pandemic demand from a consumer concerned about wellness and self-care as well as internal innovation and new products helped Ulta Beauty generate strong second-quarter results. Ulta posted a net income of $295.7 million, or $5.70 per diluted share,...
According to market researcher Numerator, 75% of consumers plan to celebrate Labor Day and even more, 86%, will consider shopping the long weekend sales events. Over the period, 34% of consumers surveyed said they plan to shop deals with another 52% saying they might...
