Kohl’s sales process is a ‘disaster’: sources

Kohl's sales process is a 'disaster': sources

Dismal financial results at Kohl’s have raised concerns that the company’s auction to sell itself will be a bust – even as management continues to tout the strong interest by potential suitors,  The Post has learned. The bids are due in “the coming weeks,” Kohl’s affirmed on Thursday after delivering an abysmal first quarter in … Read more

Return to office has also meant the return of lunch hour

Return to office has also meant the return of lunch hour

Lunch is one thing New Yorkers won’t dare zoom through. As the Big Apple’s workforce continues to scurry back into their skyscrapers and offices, many are taking a solid hour for their midday meals — without the fear of being caught offline. “Face time is different now with hybrid work. If anything, there’s less pressure … Read more

Kohl’s cuts annual forecast as it gets stung with inflation

Kohl’s cuts annual forecast as it gets stung with inflation

Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation. The reduction, announced Thursday, came as it reported fiscal first-quarter results that came below analysts’ expectations. Sales at stores opened at least year, a key measure, dropped 5.2% as shoppers scrutinized their … Read more

Melvin Capital clients fume at founder Gabe Plotkin

Melvin Capital clients fume at founder Gabe Plotkin

Melvin Capital said it is finally shutting down after getting clobbered by Reddit investors last year — and now clients are doubly angry because its founder Gabe Plotkin is still charging them fees, The Post has learned. Plotkin — whose massive short positions in “meme stocks” like GameStop made him a surprise punching bag for … Read more

Harley-Davidson suspends production for 2 weeks; shares fall

Harley-Davidson suspends production for 2 weeks; shares fall

Harley-Davidson said Thursday it will suspend vehicle assembly and shipments for a two-week period, excluding those from its electric-vehicle division LiveWire, due to a parts issue related to a supplier. The iconic motorbike maker said the decision was made after a third-party supplier, which was not named, informed Harley about a regulatory compliance matter relating to its component … Read more

McDonald’s selling Russia restaurants to Alexander Govor

McDonald's selling Russia restaurants to Alexander Govor

McDonald’s is selling its Russia business to its current licensee Alexander Govor and the restaurants will operate under a new brand, ending more than three decades of presence in the country following its invasion of Ukraine. The world’s largest burger chain owns about 84% of its nearly 850 restaurants in Russia and became one of the … Read more

Ford recalls 39,000 US SUVs after engine fire reports

Ford recalls 39,000 US SUVs after engine fire reports

Ford Motor said Thursday it was recalling 39,000 SUVs after reports of 16 fires, and has advised owners to park their vehicles outdoors and away from structures until a fix is completed. The recall, which covers some 2021 model year Ford Expedition and Lincoln Navigato vehicles, was prompted as an engine compartment fire could occur while the car … Read more