Kohl’s says it has reached an agreement with activists, plans to bring new members to board

Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s said Wednesday it has come to an agreement with the group of activist investors who have been pushing to seize control of the retailer’s board. This is breaking news. Please check back … Read more

Retailers look to innovate and tempt customers back to physical stores

A shopper browsing through secondhand clothes at a pop-up swap event in Singapore. CATHERINE LAI | AFP | Getty Images LONDON — The future of physical stores has been called into question by the coronavirus pandemic, but experts believe the key to survival will be reinvention. For some time now, retailers have tried to attract … Read more

Progressive group targets FedEx, Nike in campaign calling for higher corporate taxes

A FedEx employee loads up deliveries in San Francisco. Getty Images A progressive group pushing Congress to raise the corporate tax rate is launching an ad campaign targeting FedEx and Nike, two large American companies with light federal tax bills, the group said Monday. Tax March, which held dozens of demonstrations in 2017 calling on … Read more

‘Godzilla vs. Kong’ tops $60 million domestically, the best box office haul of the pandemic

Godzilla and King Kong battle in Warner Bros.’ “Godzilla vs. Kong.” Source: Warner Bros. “Godzilla vs. Kong” is smashing pandemic box office records. On Saturday Warner Bros., which produced the movie alongside Legendary, revealed that its kaiju-filled film had topped $60 million at the domestic box office, making it the highest-grossing movie to be released … Read more

China slaps Alibaba with $2.8 billion fine in anti-monopoly probe

Exterior of Alibaba Group Beijing Headquarters on November 10, 2019 in Beijing, China. VCG | Visual China Group | Getty Images Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant. In a Saturday statement, China’s State Administration for Market Regulation accused Alibaba of abusing … Read more

GameStop shares jump after company says it plans to name Ryan Cohen chairman

Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. John Minchillo | AP GameStop announced Thursday that the Chewy co-founder Ryan Cohen will become its chairman following the company’s annual shareholder meeting, which is scheduled for June 9. The retailer’s shares jumped … Read more

Sneaker reseller StockX’s valuation jumps to $3.8 billion

Scott Cutler, CEO, StockX Scott Mlyn | CNBC StockX, after a record year of revenue, completed a new funding round that values the high-end sneaker reseller at $3.8 billion. On Thursday, StockX announced the conclusion of a $195 million secondary tender offering as well as an additional $60 million in Series E-1 primary shares. “This … Read more

Ready to dress up again, teens turn to online brands Shein and Princess Polly, and thrift store finds

Teen spending is slowly ticking up from record lows, according to a new survey, as teens show signs they’re ready to get dressed up, go out and socialize again. A generation known to be glued to social media apps like TikTok and Instagram, Gen Z is taking cues from fashion and beauty influencers when they … Read more

Here’s what Wall Street is saying about Coupang, the biggest U.S. IPO so far in 2021

Logos on facade at the shared headquarters of Internet company Coupang and security company SentinelOne in the Silicon Valley town of Mountain View, California, October 28, 2018. Smith Collection | Gado | Archive Photos | Getty Images Investment banks Goldman Sachs, JPMorgan, Deutsche Bank and Mizuho have initiated coverage on South Korean firm Coupang, which … Read more

GameStop shares drop 12% after announcing plan to sell up to 3.5 million shares

A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters GameStop shares fell 12% on Monday after the video game retailer said it may sell up to 3.5 million shares as it tries to take advantage of the stock price surge following the Reddit-driven trading frenzy earlier this year. The … Read more