Kohl’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 2022, and then

Kenneth Leech, the former co-chief investment officer of Western Asset Management Co, was charged by U.S. authorities on Monday with running a fraudulent “cherry-picking” scheme where he improperly favored some clients’ accounts over others when allocating trades. The U.S. Securities and

Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a nonprofit that funded programs for minorities. The nation’s largest employer, which has about 1.6 million U.S. workers, joined a

Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand.   The privately held company, headquartered in Barcelona, plans to open 42 new storefronts

A federal judge said Monday he may hold an evidentiary hearing next month to help determine whether to approve the sale of conspiracy theorist Alex Jones’ media company to satirical publication The Onion. Bankruptcy Judge Christopher Lopez in Houston clarified the

Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 million in expenses over the course of nearly three years. The person who allegedly hid the money is no longer with the company,

California Gov. Gavin Newsom said the state will provide rebates to residents if President-elect Donald Trump’s incoming administration does away with a federal tax credit for electric vehicles. In a news release issued Monday, Newsom said he would restart the state’s