Kohl’s forecasted weaker sales for 2025, with a decrease of 5% to 7%, causing shares to drop 22%. New CEO Ashley Buchanan warned of a lengthy turnaround, aiming to add affordable products and recover lost demand. The retailer reported a profit decline in the last quarter, with a 9.4% sales drop and reduced dividend.
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Harvard head apologises as scathing reports on campus prejudice released
SummaryHarvard University President Alan Garber has issued an apology following reports revealing antisemitic and anti-Muslim sentiments on campus, with students feeling alienated and pressured to hide their identities. In response, Harvard is reviewing its academic offerings and admissions policies, although its actions may not fully satisfy White House demands for merit-based admissions. Amidst tensions from the recent Israel-Gaza conflict, Harvard faces threats from the Trump administration regarding foreign student enrollment and tax exemptions, prompting the...
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