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Kohl's beats on 2Q profits as department store cuts inventory amid cautious consumer spending
Read full article: Kohl's beats on 2Q profits as department store cuts inventory amid cautious consumer spendingKohl’s reported on Wednesday that both profits and sales declined in the second quarter as the department store wrestles with shoppers’ cautious spending in a challenging economy.
Beyoncé drops new Adidas x Ivy Park collection, Drip 2
Read full article: Beyoncé drops new Adidas x Ivy Park collection, Drip 2Beyoncé drops her second collection from Adidas x Ivy Park collaboration, dubbed Drip 2. The gender-neutral athleisure line features matching sets, sports bras, jackets, hoodies, leggings, bodysuits and bike shorts in vivid shades of orange, green, yellow and blue. In footwear, the collection features six shoes, including a bold highlighter-yellow called the UltraBoost OG shoes. The collection ranges from $25 for accessories to $200 for shoes. You can purchase the collection at: Adidas, ASOS, DTLR, Finish Line, Foot Locker, GOAT, Sneakersnstuff and SSENSE.
Mall owner sues Gap for rent on coronavirus-shuttered stores
Read full article: Mall owner sues Gap for rent on coronavirus-shuttered storesNEW YORK NEW YORK (AP) Gap is being sued for refusing to pay rent for stores temporarily closed during the coronavirus pandemic. Mall owner Simon Property Group said in a lawsuit filed this week that the clothing retailer owes three months of rent, totaling $65.9 million. Gap Inc. has more than 390 stores at Indianapolis-based Simon's malls, including its namesake brand, Old Navy and Banana Republic. Gap and other major retailers, including sneaker seller Foot Locker, have said they wouldn't pay rent for stores that were forced to close due to the pandemic. In April, Gap warned that it may be sued by its landlords and that a dispute could be costly and have an uncertain outcome.San Francisco-based Gap did not respond to a request for comment Thursday.