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Kohl’s extends store closure, draws down $1 billion credit facility amid coronavirus outbreak

(Reuters) – Kohl’s Corp <KSS.N> said on Monday it would extend the duration of store closure, and fully draw down on its $1 billion revolving credit facility to control damages from the coronavirus pandemic. The department store operator also said it would cut spending by about $500 million, and that Chief Executive Officer Michelle Gass […]

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Williams-Sonoma, Pottery Barn unit made unsubstantiated ‘made in America’ claims: FTC

WASHINGTON (Reuters) – Luxury kitchenware company Williams-Sonoma Inc <WSM.N> and its Pottery Barn unit have agreed to stop making unsubstantiated “made in America” claims and to pay $1 million, the Federal Trade Commission said on Monday. The FTC, which investigates companies that make deceptive claims, said Williams-Sonoma had said that its Goldtouch Bakeware, Rejuvenation products […]