A range of retailers across channels are responding to the coronavirus outbreak with moves to temporarily close their stores, reduce store hours and other consumer and employee oriented initiatives.
Kohl’s has partnered with Lands’ End to offer the retailer’s entire assortment of women’s, men’s, kids, and home merchandise on Kohls.com, directly fulfilled and shipped by Lands’ End, beginning fall 2020.
Kohl’s beat a Wall Street fourth quarter estimate and showed some bright spots in its performance, but CEO Michelle Gass expressed disappointment with the company’s financial results.
Hudson’s Bay Company’s shareholders voted overwhelmingly in favor of a plan to become a private company at a special meeting of shareholders.
Although comparable sales declined significantly, J.C. Penney earnings contrasted with Wall Street estimates for a fourth quarter loss.
Macy’s is undergoing a substantial business reorganization, including closing 125 locations and developing non-department store formats, accelerating digital growth, enhancing its loyalty program and consolidating headquarters and management staff.
As part of Kohl’s commitment to health and wellness this year, the department store is continuing to collaborate with wellness company WW (formally Weight Watchers International). Kohl’s and WW are launching WW pop-ups in select stores this January to support customers on their wellness journeys.