Shopping malls

Stocks Are Mixed. Dow Builds On Gains After 2 Retail Beats.

Stocks Are Mixed. Dow Builds On Gains After 2 Retail Beats.

Text size U.S. housing starts in July fell more than expected and to the lowest level since early in 2021. (Spencer Platt/Getty Images) Stocks were mixed in mid-day trading Tuesday after earnings from Walmart and Home Depot topped Wall Street forecasts, but a decline in housing starts provided further evidence of a slowing economy. The …

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Peloton competitor Tonal cuts 35% of workforce as it prepares for possible recession, IPO

Peloton competitor Tonal cuts 35% of workforce as it prepares for possible recession, IPO

Tonal in-home fitness. Source: Tonal Tonal, the connected fitness equipment maker that counts tennis superstar Serena Williams and Amazon‘s Alexa fund as backers, is cutting 35% of its workforce, affecting all levels of its business, CNBC has learned. The company employs about 750 people today, compared with a little more than 110 before the Covid-19 …

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Peloton sweetens employee pay incentives as it fights to boost morale and stage a turnaround

Peloton sweetens employee pay incentives as it fights to boost morale and stage a turnaround

In this photo illustration the Peloton Interactive logo seen displayed on a smartphone screen. Rafael Henrique | LightRocket | Getty Images Peloton sweetened incentives for its workers with one-time cash bonuses and changes to its stock compensation plan as it fights to hold onto employees and fix its struggling business, according to internal memos seen …

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Kohl's says a real estate sale is on the table after scrapping deal talks

Kohl’s says a real estate sale is on the table after scrapping deal talks

People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s might not be selling its business after all. But it’s now looking to sell some of its real estate, reversing its prior stance. The retailer on Friday announced it terminated deal talks with The …

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Kohl's terminates sale talks with Vitamin Shoppe owner Franchise Group, sources say

Kohl’s terminates sale talks with Vitamin Shoppe owner Franchise Group, sources say

A Kohl’s store in San Rafael, Calif. Getty Images Kohl’s is terminating talks to sell its business to The Vitamin Shoppe owner Franchise Group, two people familiar with the matter told CNBC on Thursday. The people requested anonymity because a decision from Kohl’s has not been publicly announced. Representatives from Kohl’s and Franchise Group didn’t …

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Here's why Vitamin Shoppe's owner wants to buy Kohl's – and what could happen next

Here’s why Vitamin Shoppe’s owner wants to buy Kohl’s – and what could happen next

Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images A little-known conglomerate of companies including The Vitamin Shoppe, Pet Supplies Plus and a home furnishing chain called Buddy’s is suddenly the talk of the retail industry. Franchise Group, a publicly traded business with a market capitalization of about $1.6 …

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