KOHLS CORP DRN
Santa gets a behind-the-scenes boost from AI this holiday season
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
Macy's receives $5.8 billion buyout offer, sources say
People wait in line outside Macy’s before opening on “Black Friday” in New York City on November 24, 2023. The retail sector’s efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual “Black Friday” shopping day followed by the newer “Cyber Monday.” (Photo by Yuki IWAMURA / AFP) (Photo by […]
Read More
Michelle Gass will substitute Chip Bergh as Levi Strauss CEO in January
Pedestrians wander past a Levi’s retail store in Hong Kong. Sopa Illustrations or photos | Lightrocket | Getty Images Levi’s CEO Chip Bergh is calling it quits and handing the reins over to his very long-anointed successor Michelle Gass, the previous CEO of Kohl’s, the corporation announced Thursday. Gass will get in excess of the […]
Read More
Ulta Beauty shares pop as sales climb 6%
Shares of Ulta Beauty rose in after-hours trading Thursday, as the company said its third-quarter sales rose while shoppers showed once again they’re willing to spend on fragrances, skin care and more even when the budget is tight. The specialty beauty retailer raised the bottom end of its range for full-year sales and earnings expectations. […]
Read More
With Black Friday deals and flashy displays, retailers try to convince reluctant shoppers to spend
Target hosted a free “Winter Wonderland” event in New York City to show off the holiday season’s hottest toys. It’s an example of the extra effort that retailers are putting in to motivate shoppers. Melissa Repko | CNBC NEW YORK CITY — On a recent weekend in downtown Manhattan, a long line of families with […]
Read More
Stocks earning the largest moves midday: Amazon, Medtronic, American Eagle, Lowe’s, C3.ai and additional
Look at out the firms generating the most important moves midday: Amazon — The e-commerce behemoth slipped 2.4% after CNBC’s David Faber noted founder and Executive chair Jeff Bezos is expected to be “aggressive” in marketing additional shares of Amazon. The full sale could sum to extra than $1 billion, resources informed Faber. Burlington Suppliers […]
Read More