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☆ Shopify plans a reorg of its Support division as the ratio of managers to 'crafters' falls below target
▼ + stars: | 2024-04-29 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Read previewShopify is planning a reorganization of its Support division, and employees worry cuts are on the way. He said that Support teams working with Shopify's largest enterprise merchants would not be affected. OpenAI recently hired Glen Worthington, Shopify's former vice president of global support, to lead its own customer service operations. Jen Bebb, previously Shopify's director of global merchant and product support, left the company in March when Worthington left. Clovis Cuqui, who previously led support as Shopify's VP of merchant acceleration, announced his departure in October.

Persons: —, David Kohl, We've, Kohl, we're, crafters, Shopify, OpenAI, Glen Worthington, Shopify's, Jen Bebb, Worthington, Clovis Cuqui Organizations: Service, Business, WordPress Locations: Philippines, Canada, mstone@businessinsider.com

☆ My fiancé and I are planning our wedding, but he's unemployed, and we're in debt. We've had to get creative.
▼ + stars: | 2024-04-20 | by ( Kelsey Herbers | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen my fiancé, Collin, was unexpectedly laid off last October, he told me it would likely delay his marriage proposal. Related storyBut planning the actual wedding while in debt has been anything but romantic. As a result, we spent months feeling on hold with any and all wedding planning efforts, including setting a date. This also leaves us more time to secure vendors, as many vendors maintain availability for weekday weddings since they're less popular.

Persons: —, Collin, We've, I've, Kelsey Herbers Organizations: Service, Business, Facebook, Connect, LinkedIn Locations: South Carolina, Charleston , South Carolina

☆ Off-price retail is poised to keep taking market share. Why is TJX's stock stuck?
▼ + stars: | 2024-04-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

The ongoing challenges for department stores, which extend back more than a decade, keep playing into the hands of off-price competitors, UBS said. Despite woes at other retailers, TJX stands out as a resilient company well-equipped to avoid many of the industry's challenges. TJX 1Y mountain TJX's stock performance over the past 12 months. One factor keeping a lid on TJX's stock recently may be that it is trading close to its historical valuation, noted Chuck Grom, a consumer and retail analyst at Gordon Haskett. On the other hand, spending at department stores fell 3.7% in March after a 5.2% decline in February, according to Bank of America.

Persons: Jeff Marks, TJX, — TJX, Ernie Herrman, Chuck Grom, Gordon Haskett, Grom, TJX's, Corey Tarlowe, Tarlowe, Jim Cramer's, Jim Cramer, Jim, Jeff Greenberg Organizations: Companies, TJX Companies, Ross Stores, UBS, Burlington Stores, Nordstrom, Marshalls, Home Goods, CNBC, Loop, Jefferies, Bank of America, Universal, Getty Locations: Maxx, Port St Lucie , Florida

☆ Macy's proxy fight is over, but the battle for the department store's future wages on
▼ + stars: | 2024-04-13 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

Arkhouse then launched its proxy fight and put forward nine nominees to Macy's 15-person board. Turning the tideOther department store chains have faced challenges from activists in recent years, and even when those efforts fall short, the pressure can bring about sweeping changes. That includes Macy's locations with stronger sales as well as its two chains that have outperformed the namesake brand, higher-end department store chain Bloomingdale's and beauty chain Bluemercury. Arkhouse claims Macy's refused to engage with it, and Macy's rebuffed Arkhouse saying it didn't have the financing for the takeover it proposed. Arkhouse, for its part, has said it plans to keep Macy's stores open.

Persons: Bing Guan, Tony Spring, Arkhouse, Neil Saunders, Macy's, Michelle Gass, Levi Strauss, Chip Bergh, Ben Hider, —, GlobalData's Saunders, It'll, Gavriel Kahane, Kahane, it's Organizations: Macy's Inc, National Retail Federation, Bloomberg, Getty, Arkhouse Management, Capital Management, American, Brigade, Levi, Herald, Sears, CNBC, Macy's, Fortress Investment Group, One Investment Management Locations: Herald, New York, Macy's, New York City

☆ Department stores face another squeeze. This time, with store credit card revenue
▼ + stars: | 2024-04-10 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

For fiscal year 2023, credit card revenue totaled $619 million for Macy's and approximately $475 million for Nordstrom . The three companies do not break out how much of total credit card revenue comes from late fees. All of that adds up to dwindling credit card revenue for retailers, who can now expect to see it shrink even further. Target's credit card revenue fell to $667 million last year, down from $734 million in the prior fiscal year. Gap does not disclose credit card revenue, but its Chief Financial Officer, Katrina O'Connell, said on an earnings call that losses from late fees will be "largely offset in 2024 by other levers within our credit card program."

Persons: Robert Nickelsberg, it'll, Jane Hali, Kohl's, David Silverman, Silverman, —, Michael Fiddelke, Macy's, Adrian Mitchell, It's, Nordstrom, Katrina O'Connell Organizations: Getty Images Department, Consumer Financial, Bureau, Associates, Nordstrom, Fitch, TD Bank, Shoppers, Adobe Analytics, Citi, Sam's Locations: New York City

☆ Levi Strauss shares surge 18% on raised profit guidance, holiday earnings beat
▼ + stars: | 2024-04-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

Shares of Levi Strauss surged 18% on Thursday after the retailer raised its full-year profit guidance and posted holiday earnings that beat expectations. Late Wednesday, Levi's announced its fiscal first quarter earnings and said it expects adjusted earnings per share for fiscal 2024 to be between $1.17 and $1.27, up from a previous range of $1.15 to $1.25. As part of the project, Levi's cut about 12% of its global workforce. It also exited its Denizen business, which comes at a lower margin, and has relied less on aggressive discounting to drive sales. It's also seeing record amounts of sales happening online and through its own shops instead of through department stores like Macy's and Kohl's , which come at a lower margin.

Persons: Levi Strauss, Levi's, it's, that's, It's, Harmit Singh Organizations: Woodbury Locations: Central Valley , New York, U.S

We're buying 30 shares of Procter & Gamble at roughly $156.41. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 520 shares of PG, increasing its weighting to 2.52% from 2.38%. PG 1Y mountain Procter & Gamble YTD You may wonder why a household staple like P & G is getting caught up in this mix. Despite the beauty softness last quarter, Procter shares surged after earnings on the improving volume trends and ongoing improvement to profit margins. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Ulta, Estee Lauder, Coty, Gamble, Procter, Lauder, Fabrizio Freda, Jim Cramer, Jim Organizations: Procter, Gamble, Procter & Gamble, JPMorgan, Kohl's, SK, Asia Travel, Citi, Bank of America, CNBC Locations: Sephora, China, We're, Asia

☆ Nearly half of Levi's sales are happening online and in its shops, a shift as department stores fade
▼ + stars: | 2024-04-03 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +7 min

Excluding one-time costs related to Levi's restructuring, the company reported earnings per share of 26 cents, ahead of Wall Street's estimates. The sales slump was primarily attributed to a shift in Levi's wholesale orders, which boosted profits by about $100 million in the year-ago period. For the last couple of years, Levi's has been moving away from wholesalers and doing more of its sales through its own stores and website. If Macy's store closures or other challenges to department stores affects Levi's business, she expects direct-to-consumer sales will offset those losses. During the quarter, sales of items like denim skirts, dresses and tops were up 19% in Levi's direct-to-consumer channel, said Gass.

Persons: Levi Strauss, Levi's, Macy's, Levi's —, Michelle Gass, Gass, Harmit Singh, Beyoncé, Carter, Post Malone Organizations: Levi's, LSEG, Arkhouse Management, CNBC Locations: U.S, Europe

☆ Ulta shares fall as CEO warns beauty demand is slowing
▼ + stars: | 2024-04-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

People walk past an Ulta Beauty store in the Manhattan borough of New York City, New York, U.S., March 8, 2022. Ulta Beauty shares tumbled about 13% on Wednesday as CEO Dave Kimbell warned of cooling demand for beauty products. "We have seen a slowdown in the total category," Kimbell said at an investor conference hosted by JPMorgan Chase. Target has opened a growing number of Ulta Beauty shops in its stores. So far this year, Ulta shares are down nearly 8%, trailing the nearly 10% gains of the S&P 500.

Persons: Dave Kimbell, Estee Lauder, Kimbell, JPMorgan Chase, Ulta Organizations: Coty, JPMorgan Locations: Manhattan, New York City , New York, U.S

☆ Macy's hasn't closed 150 stores yet. But Target, Kohl's CEOs already smell opportunity
▼ + stars: | 2024-04-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Those companies already count many of Macy's shoppers as their customers, according to an analysis of credit card data by Earnest Analytics. Macy's closures could put as much as $2 billion of market share up for grabs. The department store's net sales were $23.1 billion in the most recent fiscal year, and it said the 150 stores that it's closing account for less than 10% of sales. About 63% of Macy's stores have a T.J. Maxx or Marshalls within a one-mile radius, according to an analysis by Jefferies. Off-price stores also draw a similar customer, which tends to be more affluent.

Persons: Macy's, Justin Sullivan, Brian Cornell, Tom Kingsbury, Maxx, Jefferies, Ross, Earnest, Penney, Tony Spring, Corey Tarlowe, Cornell, Tarlowe, Cos, Mercedes Organizations: Getty, CNBC, Nordstrom, Earnest Analytics, Target, Abercrombie, Fitch, Home Goods, Jefferies, Toyota, Maxx Locations: San Leandro , California, United States, New York, Burlington, U.S

And no air fryer exemplifies this more than the Instant Vortex Plus. Instant Vortex Plus Air Fryer Oven with ClearCook The Instant Vortex Plus was the best air fryer in our tests and features a window into the basket to monitor your food. It's a pricey appliance, but the Instant Vortex Plus is the best air fryer we've tested. Another great option is our best budget air fryer pick, the Beautiful 6 Quart Touchscreen Air Fryer by Drew Barrymore. AdvertisementThe bottom lineJames Brains/InsiderBased on my testing, the Instant Vortex Plus Air Fryer is the best to cook food evenly and quickly.

Persons: I've, browning, fryer, Fryer preheats, James Brains, I'd, Fryer, Drew Barrymore, It's Organizations: Business, Shop

☆ The potential $2 billion sale of Selena Gomez's Rare Beauty could make her the next celebrity billionaire
▼ + stars: | 2024-03-20 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

Here's how Rare Beauty outdid other celebrity brands — and how it could make Gomez a billionaire. AdvertisementThere are currently at least 40 celebrity beauty brands on the market — all experiencing varying degrees of success. AdvertisementNow, Selena Gomez may be poised to join their ranks and become the next celebrity beauty billionaire. Rare Beauty is exclusively sold at Sephora — meaning a potential buyer would see plenty of room for growth. It's among the most-followed celebrity beauty brands on both Instagram and TikTok, with 7.1 million and 3.6 million followers, respectively.

Persons: Selena Gomez, Gomez, —, Hailey Beiber's Rhode, Addison, Brad Pitt's Le Domaine, Rihanna, Kim Kardashian, Kim, Anncy Rowe, Jeffrey Ten, Scott Friedman, Nikki Eslami, Pascal Le Segretain, it's, Friedman, Mehdi Mehdi, Joyce Kim, Estée Lauder, Elizabeth Taylor's, Rowe, she's, Alex Rawitz Organizations: Service, Coty, Bloomberg, Fashion, Business, Fast Company, Brand, New Theory Ventures, Nyx, L'Oréal Locations: SKKN, L'Oréal, Sephora

☆ Goldman has a long-term AI winners portfolio. Here's what's in it
▼ + stars: | 2024-03-18 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

As investors deliberate what's next for the artificial intelligence trade, Goldman Sachs has some long-term winners that can come out on top. But, for the moment, it has bolstered only a handful of companies in what Goldman Sachs is calling the first phase of the AI trade. Goldman Sachs anticipates the long-term winners are in the fourth and final phase. However, Goldman Sachs said the productivity gains to be had from AI would boost earnings per share for the company by roughly 39%. But Goldman Sachs said baseline earnings can jump 162% because of AI.

Persons: Goldman Sachs, Ryan Hammond, Hammond, Pinterest Organizations: Nvidia, Nvidia's, Productivity, Wall, Walmart, New York Times

☆ 10 things to watch in the stock market Tuesday, including Oracle's pop and Southwest's drop
▼ + stars: | 2024-03-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Core CPI, excluding food and energy prices, was up 3.8% year over year versus 3.7% expected but below January's 3.9%. RBC initiates DexCom with an outperform rating and $165 price target. JPMorgan upgrades Dollar General to neutral from underweight (hold from sell) and hikes price target to $158 per share from $120. The analysts keep an overweight buy-equivalent on Dollar Tree and increase price target to $165 from $157 ahead of earnings this week. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Evercore, Raymond James, Mike Roman, William Brown, Jim Cramer's, Jim Cramer, Jim Organizations: CPI, Treasury, Oracle, Apple, underperform, Southwest Airlines, Boeing, Max, RBC, Abbott Laboratories, JPMorgan, Jim Cramer's Charitable, CNBC

☆ Stocks making the biggest moves before the bell: Oracle, Kohl's, Coinbase, Southwest and more
▼ + stars: | 2024-03-12 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Oracle posted adjusted earnings per share of $1.41, topping the $1.38 consensus estimate of analysts polled by LSEG. Kohl's — Shares added 2.2% after the retailer reporting an earnings and revenue beat for the fourth quarter. Wells Fargo upgraded the stock to overweight, while raising its price target for shares to $16. Meanwhile, Oppenheimer upgraded its rating to outperform and upped its target price to $12 per share. TD Cowen also raised its price target to $1,560 while keeping its outperform rating, noting its quick increase to incremental bitcoin holdings.

Persons: Asana, Raymond James, Bitdeer, Wells Fargo, Oppenheimer, Canaccord, TD Cowen, —, Sarah Min, Lisa Kailai Han, Michelle Fox Organizations: Oracle, LSEG, Revenue, Southwest Airlines —, Southwest Airlines, Boeing, Technologies, Wall Street Locations: Southwest

☆ Jim Cramer's take on Kohl’s, On Holding, Southwest Airlines, 3M and Paramount Global
▼ + stars: | 2024-03-12 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Kohl's : Shares fell about 2% after the department store chain delivered a fourth-quarter earnings beat, but same-store sales declined more than expected. However, "if you own it, keep it," Jim Cramer suggested, referring to Kohl's stock. On Holding : Shares plunged 14% after the buzzy Swiss shoemaker's quarterly earnings missed estimates alongside a slightly softer-than-expected outlook. Paramount Global : Private equity firm Apollo Global Management has reached out to Paramount Global about a possible takeover or asset purchase, Axios reported Tuesday, citing two sources familiar with the matter. "If you're playing this for upside, you've got to remember we do not believe in mergers if we think the fundamentals are not good, and the fundamentals are not good" at Paramount Global, Cramer said.

Persons: Jim Cramer's, Jim Cramer, Cramer, Tom Kingsbury's, Bill Brown, Mike Roman, Roman, Brown, Axios, you've Organizations: CNBC, Club, Burlington Stores, Swiss, Southwest Airlines, Boeing, L3Harris Technologies, 3M, Paramount Global, Private, Apollo Global Management, CBS

Enter the large-capacity Ninja Foodi DualZone XL Air Fryer. Ninja Foodi 10 Quart DualZone 2-Basket Air Fryer (DZ401) The Ninja Foodi DualZone XL Air Fryer is like having two air fryers in one with two 5-quart baskets that cook independently. The Ninja Foodi DualZone air fryer features dishwasher-safe crisper plates and baskets, but I mostly washed them by hand for two reasons. In our guide to the best air fryer toaster ovens, the Oster Digital Air Fryer Oven with RapidCrisp takes the top spot. James Brains/Business InsiderThe Ninja Foodi DualZone XL Air Fryer is the best large-capacity basket air fryer we've tested.

Persons: DualZone, I've, fryer, It's, Fryer, Cook, Air Fryer, Lauren Savoie, Broccoli, Savoie, James Brains Organizations: Business, Air Fryer, Air, Fries, fryer, Oster, Fryer, RapidCrisp Locations: Press, Savoie

☆ Babies R Us is coming to about 200 Kohl's stores
▼ + stars: | 2024-03-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +1 min

Kohl's said Tuesday that it's teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country. In a news release, Kohl's said the first Babies R Us shops will open this August and expand to more stores in the fall. Kohl's said the shops will range from 750 to 2,500 square feet, and will add more brands and merchandise to Kohl's baby category. As of Monday's close, Kohl's shares have fallen about 5% so far this year. Kohl's shares closed on Monday at $27.19, bringing the company's market value to $3.01 billion.

Persons: Kohl's, it's, Joe's Jeans, Anne Klein, Fisher, Price, It's, Tom Kingsbury, Michelle Gass, Levi Strauss, That's Organizations: WHP, Burlington Stores, Franchise Group, Macy's

☆ We're bracing for more choppiness in the market ahead as AI trade wobbles
▼ + stars: | 2024-03-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Many observers are arguing that some pockets of the market, mainly in the AI trade, have moved too far, too fast and are ripe for pullbacks. Meanwhile, we'll be keeping an eye on Club holding GE Healthcare's appearance Tuesday at Oppenheimer's MedTech and Services conference. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, industrials, there's, we'll, Oppenheimer's, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Club, Linde, Nasdaq, FMC Corp, Procter, Gamble, Truist, Energy, EQT Corp, Boeing, of Justice, Alaska Airlines, Howmet Aerospace, Tech, Oracle, GE, Services, Jim Cramer's Charitable Locations: Albemarle, Newmont

☆ 4 economic reports the market cares about most next week, including a fresh look at inflation
▼ + stars: | 2024-03-09 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the Club, we heard this week from Foot Locker on Wednesday, then from Costco and Broadcom on Thursday. The big economic data drop of the week arrived Friday with February's nonfarm payrolls report . The center of attention is Tuesday's February consumer price index report . On Thursday, the February produce price index is due out. ET: Producer Price Index 8:30 a.m.

Persons: FactSet, Locker, Foot Locker, February's nonfarm, Jerome Powell, he's, we'll, MANU, LEN, Jim Cramer's, Jim Cramer, Jim, Mostafa Bassim Organizations: Nasdaq, Dow Jones Industrial, Costco, Broadcom, Commerce, Federal, PPI, Ballard Power Systems, Fortrea Holdings, Casey's, Vail Resorts, MTN, Daniels, Midland, Kohl's Corporation, Kanzhun, Game Technology, Manchester United, Blade Air Mobility, Clover Health, Beauty Health, Energy Vault Holdings, PHX Minerals, Guild Holdings, Finance, Heron Therapeutics, ZIM Integrated Shipping Services, Arcos Dorados Holdings, ARCO, Petco, Wellness Company, Farms, Sonoma, WSM, ESS Tech, DICK'S Sporting, Inc, Futu Holdings, Bear, Autolus Therapeutics, III Apparel, Solo Brands, Weibo Corporation, Embraer, CNBC, Washington DC, Anadolu, Getty Locations: U.S, Asana, ASAN, Williams, Washington, United States

☆ Cramer's week ahead: Earnings from Adobe, Dollar Tree and Dollar General
▼ + stars: | 2024-03-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's most important happenings on Wall Street, highlighting Adobe 's earnings report, as well as ones from Dollar General and Dollar Tree . Dollar Tree reports on Wednesday, and Cramer said Wall Street has long favored dollar stores, adding that the company has a "good a handle on the psyche of the American consumer." The producer price index will be released Thursday, as well as earnings from Dollar General. Like Dollar Tree, he thinks the company will do well, and it will "tell a story of price cutting that the analysts will lap up." But by the end of the week, Wall Street will be buzzing about Nvidia 's conference, which is set to take place from March 18 to 21.

Persons: CNBC's Jim Cramer, Cramer, Kohl's, Tom Kingsbury, Williams, Lennar, Jabil Organizations: Adobe, Dollar, Oracle, Vail Resorts, Holding, Burlington Stores, Sporting Goods, Nvidia Locations: Sonoma

☆ It's not just you – stores are cutting back on product variety and how many choices you can make
▼ + stars: | 2024-03-03 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Stores are cutting back on how many varieties of products they opt to offer. Retailers are shifting to offering customers less variety on products with questionable success and doubling down on bestsellers, instead, Axios reported. Some chains like Macy's and Kohl's are slimming down their in-store product options and offering a wider variety of products online, Axios reported. Some retailers reported that customers didn't seem to mind that slashed products never returned to the shelves, The Wall Street Journal reported. Experts believe the slimmed-down choices could also help reduce stress for shoppers, Axios reported.

Persons: —, Axios, Coke, Cherry, Neil Saunders Organizations: Service, Daily, Business, Street Journal

☆ Under Armour shares jump after it raises profit expectations amid sliding sales
▼ + stars: | 2024-02-08 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Under Armour said Thursday that its holiday-quarter sales slowed, but its earnings beat estimates as the athletic apparel retailer worked to rein in costs. Under Armour now anticipates full-year sales will decline slightly more than it previously expected. During the quarter, Under Armour's wholesale revenue, which accounts for about 60% of sales, dropped 13% to $712 million. Like its peers, Under Armour has been working to expand its sales directly to consumers through its stores and website. During the quarter, Under Armour saw those direct sales rise 4% to $741 million, driven by a 5% uptick in store revenue and a 2% jump in digital sales.

Persons: Armour, Stephanie Linnartz Organizations: LSEG, Partners, Sporting Goods, Kohl's, JD Sports Locations: Houston , Texas, North America

☆ Former Canada Prime Minister's hedge fund pushes Kohl's to sell itself: Reuters
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: +1 min

Then Prime Minister Stephen Harper addresses supporters after he lost the federal election in Calgary, Alberta, October 19, 2015. An activist hedge fund chaired by former Canadian Prime Minister Stephen Harper is pushing U.S. department store operator Kohl's to sell itself, according to people familiar with the matter. Kohl's rejected acquisition offers worth as much as $64 per share in 2022, when it also came under pressure from several activist shareholders to explore a sale. Kohl's was not available for comment and Vision One did not respond to requests for comment. The development makes Kohl's the second U.S. department store operator to come under investor pressure to sell itself in as many months.

Persons: Stephen Harper, Kohl's, Harper, Carl Icahn protégé Courtney Mather, Macy's Organizations: Canadian, Vision, Management Partners, Arkhouse Management, Brigade Capital Management Locations: Calgary , Alberta, Kohl's, U.S

Even as the market rallies, the latest short interest data reveals several stocks that could see losses. CNBC Pro screened FactSet data for stocks trading on the New York Stock Exchange and Nasdaq Exchange with the most short interest as of Jan. 12. Lucid Group , another EV maker, saw short interest increase to about 29% of its float. Companies that make auto parts, including Luminar Technologies and Atmus Filtration , also saw short interest increase. Short interest increased 3% and 8% for thrift store chain Savers Value Village and department store Kohl's , respectively.

Persons: Fisker, That's, VinFast, Goldman Sachs, Nick Wells Organizations: Nasdaq, CNBC, New York Stock Exchange, Nasdaq Exchange, Lucid Group, Traders, EV, VinFast, Companies, Luminar Technologies, Dyne Therapeutics, Enliven, Allogene Therapeutics

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