Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohls sees an opportunity in the coronavirus pandemic to steal market share from troubled retailers and gain new customers if competitors go bankrupt and liquidate their stores. “We …
Read More »European stocks stiffened at noon over recovery cases with virus cases on the rise
Customers wear face masks when they shop at a shopping mall in Velizy, outside Paris, on July 20, 2020. Face masks are now required in supermarkets in France, shopping malls, banks, shops, and indoor markets, to limit the spread of coronavirus. Christophe Ena / Associated Press European stocks traded stable …
Read More »Kohl’s (KSS) reports loss of Q2 2020 per share
A view outside a Kohl’s store on July 16, 2020 in Miramar, Florida. Johnny Louis | Getty Images Kohl’s revenue fell 23% during the fiscal second quarter, the retailer said Tuesday, which was not as bad as analysts feared as the coronavirus pandemic forced stores to close in the US …
Read More »Norway’s massive pension fund reports loss after ‘volatile’ first half
Norwegian flag for the building of the town hall in Oslo. @ Didier Marti | Moment | Getty Images Norway’s enormous pension fund – the largest sovereign wealth fund in the world – reported negative returns for the first half of the year on Tuesday, calling “major fluctuations” in the …
Read More »Marks & Spencer to cut 7,000 jobs
Pedestrians wearing or covering a face mask due to the COVID-19 pandemic will walk past an M&S (Marks and Spencer) store in central London on 20 July 2020. tolga akmen / Agence France-Presse / Getty Images Marks & Spencer, the iconic but struggling UK retailer, said on Tuesday that it …
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