The retail industry is relieved about the new 20% tariff on Vietnamese imports but fears it may still hurt consumer spending. Executives are concerned about the impact of price hikes on their businesses and customers.
Barington Capital is demanding a complete board overhaul at Victoria's Secret, citing significant shareholder losses and a need for revitalization. The hedge fund believes the company's beauty division holds great potential and seeks to end its current defensive strategies.
The announcement of price hikes by Walmart due to President Trump's tariffs has sent shockwaves through the retail industry, raising concerns about inflation and consumer confidence. Experts warn this could set off a chain reaction affecting prices nationwide.
In a surprising move, Kohl's Corp. has fired CEO Ashley Buchanan after only four months due to violations involving undisclosed conflicts of interest. Board Chair Michael Bender steps in as interim CEO amid ongoing struggles with declining sales and profits.
Get ready for a massive blow to the craft retail industry as Joann Fabrics announces the closure of all its stores. Find out the reasons behind this decision and what it means for investors.
