Kohl’s lowers annual sales forecast again on waning holiday shopping demand
Kohl’s on Tuesday forecast a bigger drop in annual sales than previously expected, a sign the department-store…
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Clothing subscriptions like Stitch Fix were once hot – but now might be the victims of ‘box fatigue’
After earning a master’s degree a decade ago, David Hill wanted to amp up his personal style and signed up for the Trunk Club, which promised to mail him boxes of clothing tailored to his tastes as often as he liked. Hill would visit the company’s Chicago showroom to meet with a stylist and pick…
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Macy’s earnings top estimates, retailer says it won’t spin off e-commerce from stores
Macy’s on Tuesday reported fiscal fourth-quarter earnings and sales that outpaced analysts’ estimates and said that a strategic review has prompted the retailer to accelerate its turnaround plans. It is rejecting calls from activist Jana Partners for it to split its e-commerce operations from its stores, following a similar move by Saks Fifth Avenue. Macy’s…
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Shake Shack forecasts slim sales as Omicron surge hurts
Shake Shack forecast first-quarter revenue below estimates as the fast-spreading Omicron variant kept diners away and led to temporary restaurant closures, sending the burger chain’s shares down 10% in extended trading. Benefits from easing COVID-19 Delta infections were short-lived for Shake Shack as the Omicron wave that soon followed dissuaded customers from venturing out, infected…
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Serena Williams to star in Tonal’s Super Bowl ad. Home gym tells women to ‘own your strength’
Tonal, known for its $2,995 at-home gym, is using a Super Bowl ad to make a point to women that they can use strength training equipment just like men. A new campaign starring tennis champion Serena Williams, who was also an early Tonal investor, aims to debunk the idea that women will get “very muscular”…
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With theme parks set to rebound this summer, travel advisors share trip tips
The Covid pandemic made the past 14 months a literal roller coaster of a ride for both theme parks and their fans. Parks shut down or didn’t open at all last spring, and although some did reopen by summer, it was with strict capacity limits and stringent health and safety measures that put off some…
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Michael V. Marrale, CEO of M Science, on CNBC’s Squawk on The Street
Michael V. Marrale, CEO of M Science, joined Leslie Picker of CNBC’s Squawk on The Street to discuss pandemic-driven shifts in how and where people spend their money, how the rise of cashless payments brings additional clarity to consumer behavior trends, and the growing benefits in the world of alternative data for hedge funds, investors…
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