Germany's former president Horst Koehler, who also once headed the International Monetary Fund and was a strong backer of Africa, died Saturday aged 81 after a brief illness.
Discretionary categories like luxury and big ticket home purchases performed disproportionately poorly as inflation remained sticky and interest rates remained high.
The retail environment, already shaken by the closures of chains such as Big Lots and Party City, faces more closures with Kohl's announcing it will close 27 of its stores. The clo ...
Kohl's Corp. announced on Tuesday it will cut roughly 10% of its workforce at its corporate headquarters. The announcement comes just weeks after the retailer said it would close 27 stores and an ...