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Young women’s apparel retailer to open Chicago flagship
Canada’s Aritzia Inc. is expanding its Chicago footprint as it targets both brick-and-mortar and online expansion. The fashion retailer will open a flagship on Rush Street in Chicago this fall. The Vancouver, British Columbia-based company already operates a store in the Windy City, at Water Tower Place. -
Kohl’s Q1 profit up sharply but sales still slide
Kohl’s Corp. posted mixed results for its first quarter, as sales continued to decline but profit jumped amid expense control and more careful inventory management. The retailer reported net income of $66 million, or 39 cents per share, in the quarter ended April 29, up from $17 million, or nine cents per share, in the year-ago quarter. The gain, much better than expected, came as the company cut general expenses by $33 million.

