Activists Gunning for Control of Norfolk Southern and Ouster of CEO
Activist investors led by Ancora Holdings are pushing for a board overhaul at Norfolk Southern, as well as the ouster of CEO Alan Shaw.
View ArticleIs Kohl’s Facing a Proxy Fight Again?
Kohl's is said to face pressure from activist hedge fund Vision One Management Partners who wants a board position and sale of the company.
View ArticleUS Shoppers to Spend More at Temu, Less at Shein But Amazon Still Tops
Low prices at Temu and Shein attract U.S. trade-down shoppers, but Amazon beats on branded apparel, easy returns and fast/free shipping.
View ArticleVF’s Debt Load Suggests Asset Sales Ahead
VF's lackluster Q3 and looming $1.7 billion debt repayments have The North Face, Vans, Timberland and Supreme parent considering asset sales.
View ArticleFuture of Lord & Taylor and New York & Co. Could Be In Doubt
Saadia Group, the parent of e-tailers Lord & Taylor, Le Tote and New York & Co., is a named defendant in several lawsuits.
View ArticleChildren’s Place Liquidity Issues Lead to Strategic Review
The Children's Place is considering strategic alternatives in case talks with lenders to ease liquidity concerns don't pan out.
View ArticleVF Activist Engaged Capital Gets Surprise Support
The VF founder's great grandson is hoping VF Corp. activist Engaged Capital can help him with his goal to have two board members removed.
View ArticleVF Shows How to Work With an Activist Investor
VF Corp. appoints Caroline Brown to its board, following talks with shareholders, including activist investor Engaged Capital.
View ArticleHanesbrands to Cut Another 159 Jobs
Hanesbrands is cutting the positions jobs following its decision to suspend operations at its Annapolis distribution center in Winston-Salem, N.C.
View ArticleHanesbrands CEO Touts Upside as Investors Focus on Negatives
Hanesbrands CEO Stephen Bratspies said the Hanes and Champion owner exceeded internal goals on 4 key metrics despite lackluster Q4 results.
View ArticleForeign Investors Raising Interest in U.S. Firms
Saudi investor Mithaq Capital has taken control of The Children's Place, while Singapore's GIC Private Limited has a stake in Kohl's.
View ArticleNo Recession Seen, But U.S. Forecast Not Buoyant
Key US metrics suggest no recession in 2024 even as growth slows, while the event-driven trend in consumer spending will continue this year.
View ArticleCEO Uncertainty Clouds Gildan’s ’24 Outlook
Questions looms at Gildan as CEO Vince Tyra touts a "bright future" amid activists' proxy battle to bring back former head Glenn Chamandy.
View ArticleFashion Retail Sees Risk of Default Abate
U.S. fashion retailers and department stores saw their risk of default improve in February, according to an S&P Global Market report.
View ArticleLondon Calling? Shein Considers Change of Course for IPO
Shein is working on its US IPO application, but is said to be eyeing a back up amid continued challenges from American lawmakers.
View ArticleWrangler, Lee Owner Says Challenges ‘Pronounced’ in First Half
Kontoor's Wrangler brand will relaunch denim at a national retailer in Q3, while its Lee X comfort and stretch line will expand globally.
View ArticleEnd of an Era: Layoffs and Lender Lawsuit Augur the Demise of Lord & Taylor
The lender to Lord & Taylor owner Saadia Group, which owes it $45.3M, has a court order allowing it to seize inventory and other assets.
View ArticleHigher Cotton Prices Won’t Be a Problem for Carter’s in 2024
Baby and kids retailer Carter's plans to open 40 doors and close 30 in 2024, as well as shift to its updated side-by-side store format.
View ArticleWhat Macy’s 150 Store Closures Say About Retail and the Consumer
Macy's, Kontoor & Walmart set different paths ahead as consumer spending slows.
View ArticleMithaq Capital’s Loans to The Children’s Place Secures BTS Season
In addition to providing financing to The Children's Place, Mithaq Capital's nominees will constitute the majority of the board's directors.
View Article
