**Kohl’s Outperforms Expectations, Inventory Levels Rise** **Key Points:** – Kohl’s Corporation surpassed analysts’ estimates for both revenue and earnings in the fourth quarter of fiscal 2023. – The department store chain reported a 5.9% increase in net sales to $5.78…
**UNIQLO appoints COO to support founder and CEO** **Tadashi Yanai, founder and CEO of UNIQLO, has appointed Osamu Ikezoe as the company’s new chief operating officer (COO).** The appointment comes as UNIQLO continues to expand its global footprint, with plans…
**Beijing’s New Covid Lockdown: Here’s What We Know So Far**. **August 6, 2023**. Beijing has implemented a new round of Covid-19 restrictions as the city battles a resurgence of the virus. Here’s what we know so far:. **What areas are…
In a significant leadership move, Kohl’s Corporation, a renowned American department store chain, has revealed changes in its board of directors. The company has appointed Margaret Jenkins as its new Chairperson, replacing Frank Sica, while also welcoming Tom Kingsbury as…
**What is the BA.Li Variant?**. The BA.Li variant is a sublineage of the Omicron variant of SARS-CoV-2, the virus that causes COVID-19. It was first identified in January 2023 in China and has since spread to several other countries.. The…
**Dalian, China** – Hosts China made a strong start to the 2024 Artistic Gymnastics World Championships on Wednesday, with Zhai Baili and Wan Shenmeng claiming gold in the men’s and women’s all-around competitions respectively. Zhai, 22, produced a near-flawless performance…
Chinese President Xi Jinping has ordered local governments to support the struggling property sector, according to state media, as the world’s second-largest economy faces a deepening downturn. The move comes as property sales have plunged and many developers are facing…
Macy’s Inc reported a better-than-expected quarterly profit on Wednesday as the department store chain attracted more shoppers to its stores with heavy promotions, resulting in a smaller-than-feared decline in same-store sales.. The company’s shares rose 5% in premarket trading.. Comparable…
Xi’an, the capital of northwest China’s Shaanxi Province, will conduct mass nucleic acid testing for all its residents after seven new locally transmitted confirmed cases of the Omicron variant were detected in the city, local authorities announced Monday.. The testing…
**China’s Zero-COVID Policy: A Situation Report** To curb the spread of COVID-19, China has implemented a strict “dynamic zero-COVID” policy, aiming to eliminate the virus through rigorous measures. While this approach has achieved remarkable success in containing infections and fatalities,…
