With little choice, Kohl's in final talks for Vitamin Shoppe owner to take over for $9B; Target moves to reduce inventory, taking markdowns and canceling orders; The RealReal founder and CEO abruptly resigns; Grove Collaborative slashes long-term growth expectations as revenue drops
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Just weeks after lowering its guidance, the retailer now expects an even deeper hit to profit margins as consumers pull back on discretionary spending.
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