Kohl's Corp. (KSS) said its second-quarter net sales and earnings exceeded expectations. Based on the results, the company increased its full year 2021 guidance, which positions it to achieve many of the 2023 strategic goals in the current year, well ahead of plan.
While reporting strong second-quarter results, Macy's, Inc. (M) increased its full-year and back-half guidance on both the top and bottom lines. Macy's board has authorized a $500 million share repurchase program. The company also reinstated its regular quarterly dividend.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.