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admin December 1, 2024

As retailers enter the holiday shopping season, the winners are pulling away from the pack

Shoppers outside a Target store ahead of Black Friday, in Clifton, New Jersey, Nov. 26, 2024.Victor J. Blue | Bloomberg | Getty ImagesAs the holiday season heats up, retailers are getting a fresh opportunity to attract even the most selective shoppers and persuade them to splurge on discretionary items such...

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admin November 28, 2024

‘Moana 2’-led Thanksgiving box office could be best in post-pandemic era

Auliʻi Cravalho voices Moana in Disney Animation's "Moana 2."DisneyThe domestic box office is poised for its biggest Thanksgiving haul since the pandemic thanks to a Polynesian princess, a pair of witches and a revenge-fueled gladiator.Disney's "Moana 2" is set to hit theaters Wednesday and generate between $120 million and $150...

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admin November 26, 2024

Kohl’s CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan

Incoming Kohl's CEO Ashley Buchanan and current CEO Tom Kingsbury.Courtesy: Michael's | Kohl'sKohl's is getting a new CEO, its third since 2018.The off-mall department store's current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late...

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admin November 22, 2024

Gap shares surge as it raises guidance, touts ‘strong start’ to holiday

Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better-than-expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic, Athleta and its namesake banner, is now expecting fiscal...

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admin November 14, 2024

Homebuilder deal activity is surging, fueled by major Japanese buyers

Exceptionally strong housing demand in the U.S. has large homebuilders in the driver's seat and smaller builders ripe for takeover. The buyers are both domestic and Japanese.M&A activity in the single-family homebuilder space is having a record year in terms of dollar volume, and close to a record in the...

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