Is Bill Gates Missing the Big Picture?

Bill Gates calls it: "The most transformative technology any of us will see in our lifetimes." Eric Fry agrees, saying it's far more advanced than anything today... including AI. But he also warns it could send millions of Americans into poverty.

Kohl's to close 27 stores by April as struggling retailer looks to improve profits, sales

ANNE D'INNOCENZIO
January 10, 2025

NEW YORK (AP) -- Kohl's said Friday it was closing 27 underperforming stores in 15 states by April -- a fraction of its 1,150 store base -- as the struggling department store aims to boost profitability and improve sagging sales.

The announcement comes as the Menomonee Falls, Wisconsin-based chain has posted 11 consecutive quarters of sales declines and faces new leadership. Michaels CEO and retail veteran Ashley Buchanan will take over the chain's top job, effective Wednesday, succeeding Tom Kingsbury, who will stay as an adviser to the new CEO and retain his position on Kohl's board until his retirement this May.

Kingsbury served as Kohl's interim CEO in December 2022 and was named its permanent leader in February 2023.

Kohl's declined to disclose the number of employees affected. It said workers have been informed and have been offered a "competitive severance package" or the chance to apply to other open roles at Kohl's. The list deemed for closing includes 10 in California.

"As we continue to build on our long-term growth strategy, it is important that we also take difficult but necessary actions to support the health and future of our business for our customers and our teams," Kingsbury said in a statement.

On Thursday, Macy's disclosed the locations of 66 stores that it will be closing early this year, including one in a historic landmark building in Philadelphia. The majority of these stores will close during the company's first fiscal quarter of this year, Macy's said.

The announcement is part of a strategy announced in February 2024, that calls for shuttering roughly 150 underproductive stores while upgrading its remaining 350 stores through fiscal 2026. The closings come as Macy's is looking to improve its sales as shoppers have pulled back on discretionary items amid still high inflation.

In November, Macy's reported falling profit and sales in its fiscal third quarter. It raised sales expectations for the current fiscal year, but lowered profit projections.

The Macy's stores set to close account for 25% of overall square footage but less than 10% of its sales, the company had said.

Continue Reading...

Popular

Top 3 Utilities Stocks That May Rocket Higher This Month

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

What to know about Trump's buyout proposal for federal employees

President Donald Trump's administration is offering to federal employees to quickly reduce the government workforce. They don't have a long time to decide: The deadline is Feb. 6.

Nvda: Correction or Full-Blown Crash? - Ad

It's clear that powerful headwinds are headed for NVDA in 2025. Analysts on and off Wall Street say to load up on THIS ticker instead. It's an under-the-radar AI stock that just hit a 52-week high. Marc Chaikin, to talk about the future of the red-hot AI trend... And he named this same stock as his #1 AI pick for 2025.

Trump's Commerce Secretary nominee, Howard Lutnick, vows to sell his business interests in 90 days

WASHINGTON (AP) — Billionaire financier Howard Lutnick, President Donald Trump's choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days.

Hawaii wildfire victims spared from testifying after last-minute deal over $4B settlement

HONOLULU (AP) — Lawyers representing victims of a deadly Hawaii wildfire reached a last-minute deal averting a trial Wednesday to determine how to split a .

Elon Musk: "The Government Is Out of Control." - Ad

Elon Musk says the government is going bankrupt. Seniors are getting crushed by inflation. But there is a way you could claim a chunk of over $1 trillion in spending, courtesy of Elon Musk.

A South Florida luxury condo project is planned for site where building collapse killed 98 people

SURFSIDE, Fla. (AP) — A Dubai-based developer plans to build a 12-story luxury condominium project on the South Florida site where in 2021, killing 98 people.

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off

REDMOND, Wash. (AP) — Microsoft Corp. said Wednesday that its profit for the October-December quarter grew 10% from the same time last year as it works to capitalize on the huge amounts of money it has spent to advance its artificial intelligence technology.

Top-Secret Military Base in New Mexico Desert - Ad

Out in the New Mexico desert sits a top secret government facility... The scientists here are studying a new technology that will change the way wars are fought... Once you see this thing for yourself -- you'll know in your heart it could be coming for all of us. That's why I've taken steps to help protect myself and my family from what could be unleashed as early as April 11.

Stock market today: Asian stocks advance ahead of the Fed's rate decision as panic over AI fades

HONG KONG (AP) — Asian stocks advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded.

Asset allocation when you have enough

I recently chatted with a retired couple who were looking for a second opinion about their portfolio’s . The key question: Is 65% in stocks too high for someone in their situation? Here, I’ll walk through some ideas about how to think through these issues.

Love or Hate Him -- You Have To See What Elon Could Do Next - Ad

It's not electric vehicles, green energy or space travel that Elon Musk will be remembered for.

Shiba Inu's Shytoshi Kusama Teases 'Extremely Powerful Partnership' -- Coin Themed On Him Rallies 25%

Shiba Inu (CRYPTO: SHIB) lead ambassador Shytoshi Kusama hinted at a major partnership announcement for the blockchain ecosystem on Tuesday, stirring up excitement among enthusiasts.

3 coup-hit West African nations formally leave ECOWAS in an unprecedented disintegration

ABUJA, Nigeria (AP) — The of Niger, Mali and Burkina Faso have formally withdrawn from the regional bloc known as ECOWAS, the body said Wednesday, the culmination of a yearlong process during which the group tried to avert its unprecedented disintegration.

The $20 Stock Powering NVIDIA, TESLA, and Microsoft - Ad

The biggest AI firms in the world... All rely on this single company. And right now, you can get in for only $20 - but not for long.

Moderna Stock Is Sliding Wednesday: Here's Why

Moderna Inc (NASDAQ:MRNA) shares are trading lower Wednesday after Goldman Sachs downgraded the stock. Here's what you need to know.

How DeepSeek's Breakthrough Is Changing The Landscape For Multi-Industrials

BofA Securities analyst Andrew Obin sees potential growth for multi-industrial stocks like Vertiv Holdings and Eaton Corporation amid the rise of more efficient AI technologies.

Alex's Mystery Guest Makes Shocking Trump Revelation - Ad

Over the next 4 years, Trump is about to create something extraordinary. A real chance for everyday Americans to build serious wealth... wealth that would dwarf what we saw in his first term. We're talking about a potential economic transformation that could mint 20 million new millionaires. Put everything else aside and watch this special event right now.

Starbucks reports better-than-expected quarterly sales as turnaround efforts begin

on Tuesday reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts start to take hold.

A new luxury hotel towers over Havana as Cuba's economic troubles mount and tourism plummets

HAVANA (AP) — It’s impossible to miss. The huge rectangular mass of concrete and glass — the tallest building in Havana — dominates the city skyline, towering 150 meters (490 feet) above colonial homes with its 542 luxury rooms and majestic views of the city and the sea.

JFK, 9/11... And Now This? - Ad

Jim Rickards says we'll never forget April 11, 2025. Jim outlines a crash so terrible it may even have the power to wipe out the checking and savings accounts at your bank... Along with 40% of the market. Jim is one of America's best geopolitical analysts... All you need to know is in a quick summary of his latest book.

Donald and Melania Trump Memecoins Outgain Bitcoin, Ethereum Amid Market Lull -- Analyst Says TRUMP Bottomed Out At $25

President Donald Trump‘s meme coin outperformed the broader cryptocurrency market with a double-digit surge on Monday. What happened: The Official Trump (TRUMP) token surged over 10% in the last 24 hours, reaching a market valuation of $5.92 billion and a fully diluted value of $29.62 billion. 

2025's No. 1 Trump Era Trade - Ad

Elon Musk is warning about a major shortage we will face in 2025. Trump is targeting one specific resource as the solution to the problem. One American company is virtually the only company set up to solve this situation... generating billions in sales.

China's factory activity contracts in January for the first time in 4 months

HONG KONG (AP) — Manufacturing slowed in China in January for the first time in four months as workers began leaving assembly lines to travel to their hometowns for Lunar New Year holidays.

Dubai International Airport, busiest for world travel, sees record 92.3 million passengers in 2024

DUBAI, United Arab Emirates (AP) — Dubai International Airport, the world's busiest for international travel, saw a record 92.3 million passengers pass through its terminals in 2024, officials announced Thursday.

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

A new coin is emerging in the crypto world. And investing in it now could end up like Bitcoin or Ethereum during their first bull runs.

Robert Kiyosaki Foresees Bitcoin Surpassing US Dollar As 'Good Money'

Robert Kiyosaki, the acclaimed author of “Rich Dad Poor Dad,” has reiterated his preference for Bitcoin (CRYPTO: BTC) over

Czech Central Bank Considering 5% Bitcoin Reserve

The Czech National Bank (CNB) could become the first Western central bank known to allocate a portion of its reserves to Bitcoin (CRYPTO: BTC).

FORGET Crypto, FORGET Stocks... Do THIS Instead... - Ad

With everyone scrambling for the next hot AI stock or cryptocurrency... One man is saying FORGET them all. Because his strategy could lead to bigger gains than you'd see from stocks, crypto or anything else you might be seeing. It's shown his readers gains of 85% in 14 days... 55% gains in 2 days... And even 222% in 8 days!

Dan Ives Expects Meta And Microsoft To Stand Firm On $60 - $80 Billion AI Spending Plans Amid DeepSeek's Disruptive AI Model

Wedbush Securities analyst Dan Ives expects Meta Platforms Inc. and Microsoft Corp. to stand firm on their ambitious artificial intelligence spending plans during their upcoming earnings calls, despite recent market jitters over Chinese AI startup DeepSeek's emergence.

"Boring Trade" Generates $185 Every Day. Like Clockwork. - Ad

Forget cryptos, pot stocks, and other "shiny object" investments. Instead, you could collect an average of $185 every day of the year with this "boring" trade strategy Forbes magazine says is "like finding money in the street."

Despite chaos over Trump White House's funding pause, FAFSA forms and student loans still available

A temporary freeze imposed briefly this week by the White House on federal grants and loans left many students wondering about the impact to the used to apply for financial aid.

Trains canceled across Bangladesh as rail union goes on strike

DHAKA, Bangladesh (AP) — Trains were canceled across Bangladesh on Tuesday as railway staff went on strike for higher pensions and other benefits, affecting tens of thousands of passengers and freight transport.

Elon Musk: "AI Will Run Out of Electricity ... in 2025" - Ad

This AI boom is going to push America's power grid to the brink... Elon Musk even recently said that AI could run out of electricity by 2025. This crisis may just reveal one of the greatest investment ideas we are ever going to find. My research has recently uncovered two companies that could make a massive difference today.

AI-assisted works can get copyright with enough human creativity, says US copyright office

Artists can copyright works they made with the help of artificial intelligence, according to a new report by the U.S. Copyright Office that could help clear the way for the use of AI tools in Hollywood, the music industry and other creative fields.

Elon Musk's Tesla Records $600 Million In Paper Gains On Bitcoin In Q4 Thanks To New Accounting Rule

Electric vehicle behemoth Tesla Inc. (NASDAQ:TSLA) reported an unrealized gain of $600 million on its cryptocurrency holdings in the fourth quarter.

Major Gold Tipping Point Predicted - Ad

Gold has already taken Wall Street by surprise... During Trump's first term, it shot up by 53%. And it has crushed the market nearly 3-to-1 since the start of the 21st century.But that's just a drop in the bucket compared to what one expert expects gold to do next... $22,227 an ounce. Why such a huge jump? Because of the three simple charts shown right here.

Bank of America's Sensitive Customer Data Compromised in Third-Party Hack - Is Your Account Safe?

Bank of America (NYSE: BAC) has confirmed a data breach involving a third-party software provider that led to the exposure of sensitive customer data.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service