The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
US department store chain Kohl’s Corp missed quarterly sales estimates on Tuesday due to the Omicron variant surge and supply chain snarls during the holiday season.
Net sales rose to $6.22 billion in the fourth quarter ended Jan. 29, from $5.88 billion a year earlier. Analysts on average expected a figure of $6.54 billion, according to Refinitiv data.
By Deborah Sophia; Editor: Aditya Soni
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Kohl’s Rejects Takeover Offers as Too Low and Hires Bankers
Kohl’s Corp. said it has rejected the takeover offers it has received as too low and has engaged bankers to field interest in the company.
Fast-growing start-ups like Hettas, Saysh and Moolah Kicks created sneakers designed specifically for active women. The sportswear giants are watching closely.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.