Ryan Cohen to exit activist stake in Bed Bath & Beyond; Bath & Body Works cuts 130 positions, COO exits; Kohl’s will bring Sephora to all stores in hopes of adding $2B in sales by 2025; Rising prices have made shoppers choosey, budget-minded and less loyal — but they’re still spending
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A similar partnership with the beauty retailer didn’t do much for rival J.C. Penney, but Kohl’s sees potential in the tie-up as sales and profits plummet.
With some relief at the pump for consumers in July, retail sales held steady against inflation. But the rest of the year could be tough as the holidays approach.
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