Retail industry
Higher taxes at Calvin Klein owner PVH will hit profits and hold back stock gains, Morgan Stanley says
Higher taxes will hurt this apparel company known for brands like Calvin Klein and Tommy Hilfiger, says Morgan Stanley. Source
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Kohl’s calls on shareholders to reject activist Macellum’s proposal ahead of annual meeting
People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images Kohl’s on Thursday sent a letter to shareholders in which it pushed back against activist investor Macellum’s campaign to add new directors to the retailer’s board. In the […]
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Five Below shares can surge nearly 28% as store openings drive growth, Citi says
Investors looking for bargains should look at shares of Five Below, according to Citigroup. Source
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Amazon renews Prime credit card tie-up with JPMorgan Chase after flirting with American Express
Jeff Bezos and Jamie Dimon. Getty Images | CNBC Amazon has chosen to renew a deal allowing JPMorgan Chase to issue the tech giant’s flagship rewards credit card, ending months of heated negotiations, CNBC has learned. The Amazon Prime Rewards card was one of the industry’s most highly coveted co-brand deals, a rare prize because […]
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Walgreens beats earnings expectations after omicron-fueled demand for tests and boosters lifted sales
A person enters a Walgreens store in San Francisco, California, U.S., on Tuesday, April 13, 2021. David Paul Morris | Bloomberg | Getty Images Walgreens Boots Alliance on Thursday announced fiscal second-quarter earnings that topped analysts’ expectations, after the omicron variant of Covid-19 intensified demand for booster shots and tests and drove foot traffic during […]
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Walgreens turns to robots to fill prescriptions, as pharmacists take on more responsibilities
Walgreens is using automation to fill more of customers’ prescriptions. Inside of a Dallas area facility, bright yellow robotic arms hold pill bottles up to dispensers, which release tablets like a carefully calibrated vending machine. Melissa Repko | CNBC NORTHLAKE, Texas — Bright yellow robotic arms are becoming a bigger part of Walgreens’ workforce. Inside […]
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Bold design and body positivity: Superstar Lizzo previews her new line of Fabletics shapewear
As a young girl, Lizzo tried intensely to, literally, fit in. The now-superstar would wear body girdles and skin-tight corsets to school, contorting the shape of her body — an experience she said was incredibly uncomfortable for a preteen. “It was a really painful, shameful experience … because I grew up in a society where […]
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Stadium developer plans $3 billion sports arena and casino project in Las Vegas
Las Vegas came in first in Hotwire’s ranking of best major metropolises for quick getaways amid the pandemic. Chris Sattlberger/Getty Images Las Vegas’ sports scene is about to get more crowded. Sports executive and entrepreneur Tim Leiweke’s Oak View Group, one of the largest stadium and arena developers in the world, announced Wednesday it has […]
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BofA says iPhone demand still strong despite reports of production cutback
Tim Cook at the Apple launch event, March 8, 2022 Apple Bank of America analysts said on Wednesday that iPhone demand is still strong despite a recent report that said Apple cut production of its iPhone 13 and new iPhone SE. “While these articles might lead some investors to think there is risk to demand, […]
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Carl Icahn is expanding his animal-welfare campaign to Kroger, after first targeting McDonald’s
Carl Icahn Adam Jeffery | CNBC Carl Icahn is expanding his animal-welfare campaign to the nation’s largest supermarket chain, Kroger, after the famed activist investor initially targeted McDonald’s. Icahn has submitted a plan to nominate two candidates to Kroger’s board, the Cincinnati-based company said in a release Tuesday. Kroger said it first heard from Icahn […]
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