Kohl’s Corp shares slumped as much as 12 percent on Tuesday after the department store operator forecast full-year earnings largely below estimates, blaming rising shipping costs and higher holiday discounts.
Beautycon, the festival for beauty enthusiasts known for its principles of inclusivity and diversity, has launched its first experiential pop-up in Los Angeles. Beautycon Pop will run through December 16.
Shares in Nordstrom Inc slumped 9 percent after the U.S. department store operator reported disappointing same-store sales and said it had been forced to refund some of its credit card customers after overcharging them.
Department store chain Macy’s Inc (M.N) raised its annual earnings forecast on Wednesday, signaling a strong holiday shopping season ahead, as it benefits from a growing online business and a revamped loyalty program.
The department store has teamed up with the nonprofit organization Clothes4Souls to launch its annual "The Big Give Back: Buy a Coat & We'll Donate One" campaign on November 4, running through November 6.