Kohl’s Corp., stinging from a 7.9 percent drop in fourth-quarter profits, is going to mix up its approach by testing new store layouts and new merchandise categories while funneling more money to the Web and cutting back on store openings and remodelings.
Shares of Kohl’s slipped 5.9 percent to $49.11 Thursday as Target Corp., which also posted lower profits but had a more bullish outlook, saw its stock gain 2.9 percent to $54.50 and Dillard’s Inc., which posted a net gain, rose 10.8 percent to $57.83.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)