Kohl’s Corp mulls US$8-bn buyout offer from Franchise Group

Highlights: Ralph Lauren’s revenue for the fourth quarter of fiscal 2022 jumped 18%. Ralph Lauren posted earnings per diluted share of US$0.34 on a reported basis. Ralph Lauren’s fourth-quarter gross profit for fiscal 2022 was US$9...

Highlights: Kohl’s Corporation (NYSE: KSS) posted net sales of US$5.47 billion in the first quarter of 2022. KSS’s revenue of US$3.71 billion is down from the previous year’s US$3.88 billion. The retailer cuts its full-year p...

Highlights: Target Corporation’s (NYSE: TGT) Q1 net profit skids 52% to US$1.01 billion. Target’s shares plummeted 26% following a poor earnings report. Lowe's Companies, Inc.’s (NYSE: LOW) first-quarter FY-22 comparable sale...

US retail behemoths Walmart and Home Depot reported their quarterly earnings on Tuesday. Here, we look at their key metrics in terms of revenue, sales, profits, and forecast for the year: Walmart Inc. (NYSE: WMT) US multinational retail corporati...

The retail industry comprises companies providing durable and non-durable goods, such as apparel, furniture, books, electronics, groceries, auto parts, gardening supplies, etc., to consumers. The sector includes brick-and-mortar retailers and eComm...

The Redbox Entertainment Inc. (NASDAQ: RDBX) stock jumped 66.05% to US$9.93 at 2:05 pm ET on Monday. The stock has been gaining attention since it announced a CFO transition on April 25. Its trading was halted twice at 9:45 am ET and 1:49 pm ET due...

Highlights: Home Depot, Inc. (NYSE: HD) sales rose over 10% YoY in Q4, FY21. Lowe's Companies, Inc. (NYSE: LOW) expects its total sales to be between US$97 billion and US$99 billion in fiscal 2022. Dollar Tree Inc. (NASDAQ: DLTR) net sales ros...

Highlights: com, Inc. (NASDAQ: AMZN) net sales surged 9% YoY in Q4, FY21. MercadoLibre, Inc. (NASDAQ: MELI) revenue rose over 60% YoY in Q4, FY21. Wayfair Inc. (NYSE: W) will release its first-quarter fiscal 2022 results on May 5. The Cov...

Highlights: Designer Brands announced a dividend of US$0.05 for the ongoing quarter. The company organized Investor Day at NYSE on Friday. The stock returned more than 14% gains in the last 30 days. Shares of Designer Brands, Inc. (NYSE: ...

Shares of US retailer Bed Bath & Beyond (BBBY) rose about 60% on Monday, taking investors by surprise. The stock was hovering around US$25.6, or 58.3% up at 10:03 am ET. The stock rallied after Chewy Inc co-founder, and GameStop Corp (GME) CEO...