Kohl's Corp

A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois.Scott Olson | Getty ImagesFoot Locker's stock plummeted nearly 28% Friday after a worse than expected consumer slowdown led to a double-digit sales drop, prompting the company to slash its outlook just two months after introducing it. Following a string of better than expected earnings from major retailers like Target, TJ Maxx and Walmart this week, Foot Locker's poor report could signal trouble ahead for other names in the…

Under Armour's shares sank Tuesday, even after the athletic apparel and footwear retailer beat Wall Street's quarterly revenue and earnings expectations.The reason for the drop may offer insights into challenges faced by other retailers.The company drove higher sales, in part, by offering lower prices. Under Armour missed fiscal fourth-quarter expectations on gross margin as it leaned more on promotions than expected.Shares fell more than 6% in afternoon trading.The company's finance chief David Bergman chalked up the…

Target is dangling a new perk to get shoppers to swing by its stores: customers can make returns without leaving their car.The curbside-returns service, which began last week at roughly a quarter of Target's nearly 2,000 stores nationwide, will be available across the chain by the end of summer. related investing newsTarget is sweetening its curbside-pickup service, Drive Up, to attract and retain customers as the retailer braces for a potential sales slowdown and tries to hang on to pandemic-fueled gains. Total annual…

People shop at Kohl's department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California.Liu Guanguan | China News Service | Getty ImagesKohl's shares sunk on Wednesday after the retailer posted a big loss and a sales decline of about 7% in the holiday quarter.The company also shared a weak outlook for the year ahead. It said it anticipates net sales to range between a decline of 2% and a decline of 4%, including the impact of the 53rd week of the year that is worth about 1% year over year.…

The Kohl's logo is displayed on the exterior of a Kohl's store on January 24, 2022 in San Rafael, California.Justin Sullivan | Getty ImagesKohl's on Thursday named interim CEO Tom Kingsbury to the post on a permanent basis.He took over as interim CEO in December after former chief executive Michelle Gass decided to leave for Levi Strauss. Kingsbury's appointment had been expected.related investing newsThe company also said activist investor Macellum Advisors agreed to back off its pressure campaign. "The Board appreciates…

The Kohl's logo is displayed on the exterior of a Kohl's store on January 24, 2022 in San Rafael, California.Justin Sullivan | Getty ImagesCheck out the companies making the biggest moves in premarket trading:Colgate-Palmolive — The maker of household and personal care products saw shares add more than 1% premarket after Morgan Stanley analysts upgraded the stock to overweight from equal weight. The Wall Street investment firm said the recent dropdown in shares create an attractive entry point for investors.Boot Barn —…

A sign is posted in front of a Google office on April 26, 2022 in San Francisco, California. Google parent company Alphabet will report first quarter earnings today after the closing bell.Justin Sullivan | Getty Images News | Getty ImagesCheck out the companies making headlines before the bell:Netflix — The streaming stock jumped more than 6% after Netflix reported its latest quarterly results. While Netflix missed earnings expectations, it added more subscribers than analysts were forecasting. The firm also announced…

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D3sign | Moment | Getty ImagesOnline sales during the holiday season rose 3.5% year over year to $211.7 billion, according to Adobe Analytics, as record-high discounts persuaded shoppers to open up their wallets.That spending marked a new peak for e-commerce sales during the crucial retail season, according to Adobe.Yet markdowns played a key role in moving merchandise. Overall spending got a boost from key shopping holidays that typically bring the deepest discounts. Online sales during Cyber Week, the five-day period…

Target is stressing value this holiday season, as consumers feel pinched by inflation. At its store in New Jersey, signs that advertise low-priced items are more prominent than in previous years.Melissa Repko | CNBCFAIRFIELD, N.J. — Inside of this large store in the suburbs, Target is trying to create some holiday magic for shoppers.Christmas tunes play over the loudspeaker. Adult- and kid-sized mannequins show off matching family pajamas. Red and green pillows decorate the shelves.The big-box retailer is looking for some…