As one major retail chief executive officer, J.C. Penney Inc.’s Myron “Mike” Ullman 3rd, may be feeling less pressure, another one — Kohl’s Kevin Mansell — could be the next on the hot seat.
Kohl’s has been struggling for the last few years even as Penney’s has stumbled, and its second-quarter results, due today, will be key in signaling whether a turnaround is under way or more difficulties lie ahead. Kohl’s is expected to report earnings per share of $1.05, up from $1.00 a year ago, on revenues of $4.3 billion.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"