- KOHL'S STOCK BUYBACK: Kohl's Corp. said Thursday that its board has authorized a $2.5 billion share repurchase program. The retailer expects to complete the program over the next three years. Funding will be from operating cash flow as well as incremental debt financing. "The share repurchase program reflects our strong balance sheet, confidence in our long-term growth and our commitment to returning value to shareholders," Larry Montgomery, chairman and chief executive officer, said in a statement.

- A.B.S. JEWELRY PACT: A.B.S. by Allen Schwartz, the Los Angeles-based sportswear firm, has licensed fashion jewelry company Carolee to develop a jewelry collection to complement the A.B.S. dress and sportswear lines. The first collection of A.B.S. by Allen Schwartz Jewelry, which will retail from $55 to $350, will make its debut in stores next spring.

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