Black Friday, the day after Thanksgiving, is still a big deal for retailers. They see it as a way to bring people into stores and kick off the holiday shopping season. This year, with fewer days between Thanksgiving and Christmas, stores are eager for Black Friday to succeed. Emily Phillips, a Texas
Kohl's shares took a big hit, dropping over 20%, after the company's sales plummeted and its CEO suddenly left. The department store, based in Wisconsin, reported that sales in existing stores fell by nearly 10% for the third quarter in a row. This is a tough blow, especially coming just before the
Kohl’s has a new leader on the way! The company recently announced that Ashley Buchanan, currently the CEO of Michaels Companies, will take over as their CEO in January. Tom Kingsbury, the current CEO, will step down on January 15 but will stay on as an advisor until May. Buchanan has been leading M
Best Buy's third quarter of 2025 hasn't been as jolly as they hoped. Sales haven't taken off like expected, and the company is now predicting a smaller annual revenue. Why the slowdown? Early holiday shopping and new tech releases didn't draw as many shoppers as Best Buy had hoped. Even with new iPh
Earlier this month, Macy's stumbled upon a significant financial hiccup. One of their employees, in charge of small package delivery expense accounting, had been intentionally hiding expenses. This sneaky maneuver led to an underreporting of costs, amounting to anywhere between $132 million and $154
In Minnesota, a couple was recently arrested after being accused of stealing a massive amount of Lululemon goods. Jadion Richards, 44, and Akwele Lawes-Richards, 45, from Connecticut, are suspected of orchestrating and carrying out the thefts. How did they allegedly do it? By using clever tricks lik
Believe it or not, Black Friday is just around the corner. But why wait? Early sales are already live! Major retailers like Amazon, Walmart, and Best Buy have kicked off their Black Friday deals. These sales aren't just about tech; you can find savings on everything from smartphones to kitchen gadge
Massachusetts Governor Maura Healey recently met with small-business owners from the Retailers Association of Massachusetts (RAM). She noticed they were worried about the rising cost of health insurance. Their forecast for holiday sales was modest, with only a 1. 5% increase expected. Healey introdu
Walmart and Target, two of America's biggest retailers, recently reported their earnings, and the results couldn't be more different. Target's stock hit a low not seen in a year after missing its earnings forecast by a large margin. The company blamed higher costs due to a port strike last October a
Target's holiday shopping forecast is a bit of a bummer. They think sales will stay the same, and profits might go down. This isn't great news for Target, which saw sales go up by just 0. 3% last quarter. Their shares dropped by as much as 20% in early trading on Wednesday. Target is like a canary
