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...But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
...Monday’s stock-market price action seemed hopeful about that idea, with department stores Kohl’s and Nordstrom posting gains of more than 7 per cent in the absence of other news....
...Late last year, it lost an antitrust case brought by Epic Games against its Android app store....
...Share moves to note on the New York Stock Exchange include Lowe’s, Burlington Stores and Kohl’s: Shares of US department store Kohl’s plunged 9.2 per cent on Tuesday after it missed sales estimates on weaker...
...US department store Kohl’s dipped 1.5 per cent after announcing its chief operating officer has left the company after less than a year in the role....
...It also struck a deal with midmarket US department store Kohl’s in 2021 to open Sephora boutiques in its 1,000 locations....
...“My intuition, based on Trump’s continued expressions of suspicion about the big tech information sector, is that he would likely turn to his justice department and say: ‘Carry on,’” he said....
...The US justice department’s landmark case against Apple is an important attempt, but it faces an uphill battle....
...The US Department of Justice has also been probing the company over possible antitrust violations for years. Apple did not immediately respond to a request for comment....
...The US Department of Justice brought an antitrust lawsuit against the tech group in March....
...Apple changed its policy that prohibited game streaming apps on its App Store earlier this year....
...Joe Biden’s re-election campaign has started using the video streaming service to try to connect with young voters, even though the White House previously backed a bill that would have given the commerce department...
...The agency further argues that there is a specific labour market for handbag store workers that will soften....
...The Fortnite game maker says Apple has violated a judge’s order to allow app developers to steer customers to transaction platforms outside of the app store....
...Meanwhile, the storied US department store operator — whose name was once synonymous with retail magic — continues to lose relevance among shoppers....
...US department store Kohl’s posted a surprise profit in its first quarter as it reduced inventory and widened margins, causing the company’s stock to surge 12.87 per cent in pre-market trading on Wednesday...
...The Department of Justice’s antitrust division is also suing Google, arguing it struck illegal deals to make its search the default on devices and browsers....
...In the accountancy department of a forgotten company, Carol meets other lonely souls who’d rather scale a mountain of paperwork than Everest....
...The US Department of Justice last week announced it was suing Apple for allegedly using its power in the smartphone sector to squash competition....
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...I’m not sure the justice department needs to help out. Your feedback And now a word from our Swampians . . ....
...In the US, Apple’s largest market, the company is under investigation by the justice department. An antitrust lawsuit could soon be filed....
...His department has been probing Apple’s App Store policies for years and is now, according to Kanter, “firing on all cylinders”....
...The decision dealt a major rebuke to Google even while it fights two separate antitrust cases brought by the US Department of Justice. Sweeney, a video games programmer, founded Epic in 1991....
...The US Department of Justice last week announced it was suing the company for allegedly using its power in the smartphone sector to squash competition....
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