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Kohl's Q1 sales down, but profitability metrics improve

Kohl's first quarter results for the 13-week period ended May 3, 2025, show a narrowed net loss despite a decrease in sales. The retailer reported net sales of 3 billion dollars, down 4.1 percent year-over-year, with comparable sales also declining by 3.9 percent. Michael Bender, Kohl’s interim CEO, said, “Our first quarter performance was ahead...

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E.l.f. Beauty acquires Hailey Bieber's Rhode in billion dollar deal

E.l.f. Beauty, the publicly listed U.S. cosmetics company, has signed a 1 billion dollar agreement to acquire Rhode, the direct-to-consumer skincare brand founded by model and influencer Hailey Bieber. The deal marks a major push by e.l.f. into the prestige skincare space and reflects the brand’s ambitions to expand into new retail channels,...

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