Alexa

Kohl's reports mixed 4Q results but offers upbeat outlook

NEW YORK (AP) — Kohl's reported mixed results for its fiscal fourth quarter, delivering a 30% increase in profits but a 10% drop in sales. Results, announced Tuesday, handily beat W...

Target keeps sales momentum going during pandemic

NEW YORK (AP) — Target extended its strong sales streak through the holiday quarter and grabbed business from rivals. Fourth quarter profits soared 66%, the retailer reported Tuesday...

Trade group: Retail sales should grow 6.5% to 8.2% this year

NEW YORK (AP) — The nation's largest retail trade group is forecasting strong retail sales growth this year that could surpass last year's pace as more individuals get vaccinated and the economy reope...

Shopping online eases isolation for older adults

NEW YORK (AP) — In November, Paula Mont did something new: The 86-year-old, who hasn't left her New Jersey senior living community in nearly a year, went shopping — online. Mont used...

Lowe's 4Q results surge as people plow money into homes

NEW YORK (AP) — Lowe’s Cos. extended its strong sales streak through the holiday season as customers kept investing in their homes during the pandemic. The nation's second largest ho...

Macy's closes out a horrendous year with hope for 2021

NEW YORK (AP) — Macy's fourth quarter profit plunged 52% and sales slid nearly 19%. In the context of a year spent under the weight of a pandemic, that was seen as a pretty good ending to 2020 for the...

Kohl's pushes back on investor group's takeover efforts

NEW YORK (AP) — Kohl’s is fighting back against an investor group’s efforts to take control of the department store chain's board, arguing that it would derail its progress and momentum. ...

Walmart sales still surging, but a chill may be on the way

NEW YORK (AP) — Walmart swung to a loss in the fourth quarter as the sale of its Japan and United Kingdom divisions weighed on its performance. Sales surged by 7.4% in the period th...

LVMH to put Fenty fashion collection on pause

NEW YORK (AP) — LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury group, has put Rihanna's Fenty fashion collection on hold. The move, confirmed by LVMH Wednesday, comes n...

Kohl's offers mixed picture for holiday quarter

NEW YORK (AP) — Kohl's Corp. delivered a better assessment of fiscal fourth-quarter earnings, but a key sales measure was down more than analysts expected. The department store chain...

GameStop's stupefying stock rise doesn't hide its reality

NEW YORK (AP) — Behind GameStop's stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming. GameStop has bee...

Ulta Beauty to invest more on measures to improve inclusion

NEW YORK (AP) — Cosmetics retailer Ulta Beauty said Tuesday that it's investing more than $25 million this year to improve diversity of its product mix and inclusion in its business practices. ...

Toys R Us retrenches again, shutters its last 2 US stores

NEW YORK (AP) — Toys R Us is retrenching once again. The only two Toys R Us stores that opened in November 2019 as part of a small U.S. comeback attempt by the iconic toy chain have...

Levi's first home collection deepens Target relationship

NEW YORK (AP) — Jeans maker Levi Strauss & Co. is deepening its partnership with Target Corp. by launching its first-ever home collection at the discount chain. Levi's limited ti...

Walmart's e-commerce chief resigns after nearly 5 years

NEW YORK (AP) — Marc Lore, Walmart's e-commerce chief, is leaving the world's largest retailer, nearly five years after he joined to super charge its online business amid stiffer competition from onli...