Kohl’s corp. KSS 10.88% CEO Michelle Gass is leaving the department store chain early next month to join Levi Strauss LEVI -2.05% & Co. with plans to have her take over as the jeans maker’s CEO. At Kohl’s, Ms. Gass has been under attack from activist investors because of falling sales and a steep decline … Read more
A unit of Walgreens Boots Alliance Inc. WBA 3.72% is nearing a deal to combine with a major owner of medical practices and urgent care centers in a transaction valued at about $9 billion including debt, according to people familiar with the matter, the latest in a series of acquisitions by large consumer-focused companies that … Read more
Some advertisers are concerned that Mr. Musk may scale back content moderation, which they worry will lead to an increase in objectionable content on the platform. Others are temporarily halting their ads because of the uncertainty in the company as top executives leave and Mr. Musk is considering a number of changes, some of the … Read more
Some advertisers are concerned that Mr. Musk may scale back content moderation, which they worry will lead to an increase in objectionable content on the platform. Others are temporarily halting their ads because of the uncertainty in the company as top executives leave and Mr. Musk is considering a number of changes, some of the … Read more
Instacart Inc. will pay out its first company-wide cash bonuses starting in December, people familiar with the matter said, as the grocery purveyor aims to motivate staff after delaying its initial public offering. The cash bonus is a shift in the company’s efforts to reward and retain employees. Instacart has historically given out stock rewards … Read more
Elected officials, independent grocers and union groups are expressing concerns and in some cases pushing back on the proposed deal between Kroger co. NOK -1.19% and Albertsons ACI 0.71% Cos. as antitrust officials are set to begin reviewing the supermarket megamerger. Kroger announced in October that it would acquire Albertsons, saying a deal would help … Read more
CVS health corp. CVS -0.08% has agreed to pay about $5 billion in a landmark settlement that the company says will resolve all remaining opioid crisis lawsuits filed by states, cities and other governments. The largest U.S. drugstore company is the first pharmacy chain to reach a settlement in the collection of lawsuits filed by … Read more
Victoria’s Secret VSCO -2.54% & Co. buys online lingerie retailer AdoreMe Inc. and adds a brand known for size inclusion and body positivity as the retailer tries to move away from a legacy built largely on sex appeal. Victoria’s Secret is paying $400 million in cash for Adore Me, a direct-to-consumer company that started about … Read more
Something strange happened to GameStop Corp. GM, +0.50% Stock on Monday. Minutes after the opening bell rang on the New York Stock Exchange, both the price of the company’s shares and trading volume exploded. Then, about five minutes after the market opened, GameStop shares were suddenly halted by the NYSE, which cited the “Limit Up … Read more
After a multi-year rise in new car prices, buyers are starting to see some relief on dealer lots. Stock levels are gradually coming back, giving customers more options when browsing showrooms, and some discounts have crept back into the market, albeit in a limited way. The average price paid for a new vehicle hit a … Read more