Tom Kingsbury, the interim chief executive, is in late-stage talks to replace Michelle Gass, who left the retailer to join Levi’s last year.
Category: Shopping and Retail
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Kohl’s Closing In on Naming Permanent C.E.O.
The New York Times – Business: -
Walmart Raises Starting Wages for Store Workers
The New York Times – Business:The retail giant said the minimum wages for those employees would range from $14 to $19 an hour, up from $12 to $18 an hour.
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Miami’s Jewelry District Is Getting a New Gem
The New York Times – Fashion & Style:After a multimillion-dollar renovation, developers are betting the 225,000-square-foot Time Century Jewelry Center will help turn the area into a luxury destination.
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Amazon Axes ‘Smile’ Charity Program, Citing Limited Impact
The New York Times – Business:The move comes as Amazon is laying off 18,000 workers, but a company spokesman said the decision to end the AmazonSmile program was not a cost-cutting measure.
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Procter & Gamble Sales Fall for First Time in Years as Inflation Squeezes Shoppers
The New York Times – Business:The consumer goods giant raised prices 10 percent last quarter, but a decline in sales volume led to drops in revenue and profit.
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Retail Sales Fell in December as Holiday Shoppers Held Back
The New York Times – Business:Weaker-than-expected results, including at popular holiday shopping destinations like electronics outlets and department stores, showed how concerns about inflation are affecting consumers.
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L.A. Has Become a Real Watch Town
The New York Times – Fashion & Style:The sprawling metropolis has wealth and cachet, just what every brand desires.
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Ruth Adler Schnee, Exuberant Designer of Modernist Textiles, Dies at 99
The New York Times – Fashion & Style:A refugee from Nazi Germany, she was among a group of designers who elevated fabric from decoration into a medium for midcentury modern design.
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Bed Bath & Beyond in Talks to Sell Assets
The New York Times – Business:The beleaguered retailer, which warned of a possible bankruptcy, is said to be in discussions with suitors about selling pieces of its business, including its Buy Buy Baby stores.
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How to Find the Dream Winter Coat
The New York Times – Fashion & Style:Supervising the search for the dream coat.
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With Many Retailers Offering Online Sales, Phony Sites Blend In
The New York Times – Business:Preying on shoppers strapped for cash and time, scammers are setting up fake sites that claim to have deep discounts on premium brands.
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Walgreens Executive Says Shoplifting Threat Was Overstated
The New York Times – Business:In a call with investors on Thursday, the chief financial officer of Walgreens, James Kehoe, said “maybe we cried too much last year” over theft.