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July 1, 2022

Kohl's Corp

Kohl’s terminates sale talks with Vitamin Shoppe owner Franchise Group, sources say

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CNBC – For more and to sign up click here A Kohl’s store in San Rafael, Calif. Getty Images Kohl’s is terminating talks to sell its business to The Vitamin Shoppe owner Franchise Group, two people familiar with the matter told CNBC on Thursday. The people requested anonymity because a......

The retail industry is facing a potential wave of bankruptcies – here’s why

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CNBC – For more and to sign up click here Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies following a monthslong slowdown in restructuring activity. There......

Franchise Group considers lowering Kohl’s bid closer to $50 a share from about $60, source says

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CNBC – For more and to sign up click here People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Kohl’s announced that it has entered into exclusive negotiations with Franchise Group, which is proposing to buy the retailer for $60 per share.  Joe Raedle......

Walmart launched a lot of apparel and home brands. Now, that strategy will be put to the test

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CNBC – For more and to sign up click here Scoop is one of Walmart’s exclusive fashion brands. It has also struck deals with national brands like BCBG Paris. Melissa Repko | CNBC SPRINGDALE, Arkansas — Dressed-up mannequins. Eye-catching displays of sleek furniture and colorful swimsuits. And store signs that......

Here’s why Vitamin Shoppe’s owner wants to buy Kohl’s – and what could happen next

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CNBC – For more and to sign up click here Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images A little-known conglomerate of companies including the Vitamin Shoppe, Pet Supplies Plus and a home furnishing chain called Buddy’s is suddenly the talk of the......

Stocks making the biggest moves in the premarket: Target, J.M. Smucker, Kohl’s and more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Target (TGT) – Target announced a series of moves to “right-size” its inventory levels, including additional markdowns and canceling orders. It cut its operating margin guidance for the......

Kohl’s enters exclusive sale talks with Franchise Group

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CNBC – For more and to sign up click here The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s said Monday that it has entered into exclusive negotiations with retail holding company Franchise......

Kohl’s sale negotiations could drag on for weeks, possibly longer, amid market volatility

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CNBC – For more and to sign up click here The drawn-out bidding process for Kohl’s doesn’t appear to be coming to an end any time soon. It could take several weeks, if not longer, for a deal to come together, a person familiar with the situation told CNBC. The......

Stocks making the biggest moves premarket: Turning Point Therapeutics, Lululemon, RH and others

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CNBC – For more and to sign up click here Check out the companies making headlines before the bell: Turning Point Therapeutics (TPTX) – The biopharmaceutical company’s shares more than doubled in premarket trading after agreeing to be acquired by Bristol Myers Squibb (BMY) for $76 per share in cash,......

Glam makeup and dressing up are back – and that’s benefiting retailers like Macy’s and Ulta

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CNBC – For more and to sign up click here A Nordstrom employee fixes a floral dress on a mannequin in one of the retailer’s department stores. Ben Nelms | Bloomberg | Getty Images Out with sweatpants, in with blazers, lipstick and eye-popping prints on dresses. Americans are sprucing up......

Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape

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CNBC – For more and to sign up click here A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images Macy’s on Thursday reported fiscal first-quarter profits and sales ahead of analysts’ expectations, as shoppers returned to malls to......

Kohl’s stock surges on report bidders are still competing for company amid market volatility

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CNBC – For more and to sign up click here The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s shares surged more than 15% Wednesday, after being briefly halted, on hopes that the......

Dick’s Sporting Goods shares sink over 18% after retailer cuts outlook for the year, joining broader retail trend

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CNBC – For more and to sign up click here A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting Goods on Wednesday reported results for its fiscal first quarter that topped Wall Street’s expectations, as......

Nordstrom raises full-year outlook as first-quarter sales top expectations

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CNBC – For more and to sign up click here Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business as shoppers visited the company’s department stores to refresh their closets with designer brands and shoes. Nordstrom now sees......

Allbirds to start selling its shoes in select Nordstrom department stores

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CNBC – For more and to sign up click here Nordstrom signage outside one of the company’s full-line department stores. Tim Boyle | Getty Images News | Getty Images Allbirds will start selling its shoes in select Nordstrom department stores next month, the companies announced Tuesday, as the sneaker brand......

Abercrombie shares fall over 25% after retailer posts loss, offers weak outlook

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CNBC – For more and to sign up click here A person carries a bag from the Abercrombie & Fitch store on Fifth Avenue in New York City, February 27, 2017. Andrew Kelly | Reuters Abercrombie & Fitch shares cratered 25% in premarket trading Tuesday after the retailer reported an......

Kohl’s says final sale bids expected in coming weeks; retailer slashes full-year outlook after earnings miss

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CNBC – For more and to sign up click here Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Thursday said final and fully-financed bids from potential buyers are expected in the coming weeks, as......

Kohl’s says two top executives are leaving, as company seeks buyer

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CNBC – For more and to sign up click here Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky. Luke Sharrett | Bloomberg | Getty Images Kohl’s said Wednesday that it is losing two of its top executives, as the retailer searches for a potential buyer......

Here’s what Walmart, Target, Home Depot and Lowe’s tell us about the state of the American consumer

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CNBC – For more and to sign up click here Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly......

Investors could get a reprieve from vicious stock sell-off in week ahead

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CNBC – For more and to sign up click here Investors could get a reprieve in the week ahead from the vicious selling cycle that has gripped the stock market since late March. Stocks bounced off of Thursday’s washout lows and were set to exit the week with reduced losses......

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