Incoming Kohl’s CEO Ashley Buchanan and current CEO Tom Kingsbury. Courtesy: Michael’s | Kohl’s Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late 2022, and […]
The Starbucks logo is displayed above one of its cafes in London on Aug. 13, 2024. Hollie Adams | Reuters A ransomware attack on one of Starbucks‘ software vendors has disrupted how the coffee chain’s baristas view and manage their schedules, the company said on Monday. Starbucks said it’s working closely with the vendor to
Starbucks baristas can’t view their schedules after ransomware attack on vendor Read More »
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid DETROIT — The auto industry has an addiction. It’s a “capital junkie” that’s been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. And now,
A shopper carries a Macy’s bag on Market Street in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty Images Macy’s on Monday posted preliminary third-quarter results and said it would delay its full earnings release as it completes an investigation of an accounting issue. The company was
Posters for Wicked and Gladiator II Sources: Universal (L), Paramount (R) The box office this weekend will be painted pink and green, with a splash of red. Universal’s “Wicked” and Paramount’s “Gladiator II” arrive ahead of the Thanksgiving holiday and are expected to tally more than $200 million in combined ticket sales this weekend. “‘Wicked’
Caitlin Clark #22 of the Indiana Fever brings the ball up the court against the Dallas Wings at Gainbridge Fieldhouse on September 15, 2024 in Indianapolis, Indiana. Justin Casterline | Getty Images Caitlin Clark has joined an ownership group looking to create a National Women’s Soccer League team in Cincinnati, Ohio. NWSL Commissioner Jessica Berman
Caitlin Clark joins NWSL ownership group bidding to bring soccer team to Cincinnati Read More »
Alice Walton speaks onstage during the Getty Medal Dinner 2022 at Getty Center on October 03, 2022 in Los Angeles, California. Stefanie Keenan | Getty Images Entertainment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to
How the world’s 431 women billionaires make, spend and give away their fortunes Read More »
Oscar Wong | Moment | Getty Images For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family. When she and her husband sold the house last year, they stowed away the proceeds, $282,153.87, in what they thought of as a safe place — an
Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better-than-expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic, Athleta and its namesake banner, is now expecting fiscal 2024 sales to be
Gap shares surge as it raises guidance, touts ‘strong start’ to holiday Read More »
Tommy | Digitalvision Vectors | Getty Images Dozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad profits during a stretch of sluggish sales. At least 50 companies
Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts Read More »
