Activist investor group cuts its Kohl’s board slate to 5 directors from 9

March 11, 2021adminLeave a Comment

An Amazon.com Inc. sign hangs outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019. Kyle Grillot | Bloomberg | Getty Images The group of activist investors looking to seize control of Kohl’s board has reduced the number of directors that it plans to nominate, to five from nine. […]

Covid changed how we think of offices. Now companies want them to work as hard as they do

March 10, 2021adminLeave a Comment

The Recreational Equipment Inc. (REI) headquarters stands in Kent, Washington, U.S., on Wednesday, March 4, 2020. Chona Kasinger | Bloomberg | Getty Images Last August, REI listed its newly built corporate headquarters in Bellevue, Washington, for sale without ever even moving into the building. It marked a stunning reversal. In 2016, when REI announced plans […]

Stocks making the biggest moves in the premarket: Lyft, Las Vegas Sands, Wendy’s & more

March 3, 2021adminLeave a Comment

Take a look at some of the biggest movers in the premarket: Lyft (LYFT) – The ride-hailing company said that last week saw the highest level of ride volume since the pandemic took hold last March. As a result, Lyft expects to report a smaller quarterly loss than it had previously projected. Lyft shares jumped […]

Nordstrom shares fall as shipping delays boost retailer’s inventory heading into 2021

March 2, 2021adminLeave a Comment

The Nordstrom sign is seen on the front of the company’s flagship store in Seattle. The luxury retailer is expected to report its first quarter earnings soon. Due to the COVID-19 pandemic, many of the company’s locations are closed. Toby Scott | Barcroft Media | Getty Images Nordstrom on Tuesday reported fourth-quarter sales and earnings […]

Kohl’s shares rise after retailer posts better-than-expected earnings, sees sales growth in 2021

March 2, 2021adminLeave a Comment

Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts’ estimates, and pointed to stronger growth in 2021. Facing pressure from activist investors, the company said it will reinstate its dividend and […]

At-home fitness company Tonal to open shops within 40 Nordstrom stores

March 1, 2021adminLeave a Comment

Nordstrom will be opening 40 mini Tonal shops inside its stores, beginning in March 2021. Source: Nordstrom PR Nordstrom is searching for ways to grow its active business, while it also adds more merchandise to its stores beyond dresses, shoes, handbags and makeup. It’s found a new partner in Tonal, a company that sells a […]

Rising interest rates may continue to test the stock market in the week ahead

February 26, 2021adminLeave a Comment

Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange The tug-of-war between stocks and rising bond yields could set the tone for the coming week, particularly if positive economic data continues to push Treasury yields higher. Friday’s February employment report is the highlight of the week’s data and […]

Macy’s holiday sales top estimates, lifting company to its first profitable quarter in a year

February 23, 2021adminLeave a Comment

People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City. Angela Weiss | AFP | Getty Images Macy’s on Tuesday reported its first quarterly profit in a year, as its efforts to slash inventories and rely less on deep discounting during the holidays paid off. While shoppers stocked […]