retailer

Kohl’s Rejects Activists’ Push for Board Shakeup
Risk & Compliance

Kohl’s Rejects Activists’ Push for Board Shakeup

“The board has failed to help develop and oversee a strategic plan to respond to a rapidly-changing retail landscape,” the investors said.
By Matthew Heller | February 23, 2021
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E-Commerce Powers Best Buy Sales Gain
Financial Performance

E-Commerce Powers Best Buy Sales Gain

“Products that help people work, learn, connect and cook at home, like computing, appliances and tablets, were the largest drivers of our sales growth."
By Matthew Heller | August 25, 2020
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Gap’s Pandemic Pain Worse Than Expected
Financial Performance

Gap’s Pandemic Pain Worse Than Expected

The troubled retailer said its online growth "leaves us well-positioned to fuel our brands going forward" but its shares sank 5.5%.
By Matthew Heller | June 5, 2020
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JCPenney Files Chapter 11 Despite Turnaround Gains
Credit & Capital

JCPenney Files Chapter 11 Despite Turnaround Gains

The iconic retailer says the progress it had been making after years of declining sales "was wiped out with the onset of COVID-19."
By Matthew Heller | May 18, 2020
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Kohl’s Credit Rating Dinged by S&P
Risk

Kohl’s Credit Rating Dinged by S&P

Specialty department store Kohl's has its corporate credit rating cut to BBB-, the lowest investment-grade rung.
By Vincent Ryan | January 12, 2017
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Target’s Same-Store Sales Beat Expectations
Strategy

Target’s Same-Store Sales Beat Expectations

The 1.1% drop in comp sales for Q3 was a relief to investors and Target now forecasts as much as a 1% increase for the next quarter.
By Matthew Heller | November 16, 2016
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Ralph Lauren to Cut 1,000 Jobs, Book $400M in Charges
Working Capital

Ralph Lauren to Cut 1,000 Jobs, Book $400M in Charges

The high-end retailer is closing 50 stores, and expects its fiscal 2017 restructuring activities to generate $220 million of annualized expense savings.
By Katie Kuehner-Hebert | June 7, 2016
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Best Buy Forecasts Lower Profits; CFO Departing
Tech

Best Buy Forecasts Lower Profits; CFO Departing

Best Buy expects sales in the second quarter will be flat, and that non-GAAP diluted earnings per share will fall short of Wall Street's expectations.
By Katie Kuehner-Hebert | May 24, 2016
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