Bloomberg Kohl’s Corp cited financial stress on its middle-income customers as it cut its profit and sales outlook for the second straight quarter. But soaring inflation is also helping the department-store chain entice wealthier shoppers hunting for bargains. “In our higher-income customers, we’re actually seeing more customers and they’re spending more,” CEO Michelle Gass told analysts. Gass’s comments echoed remarks ...

  Bloomberg Bed Bath & Beyond Inc shares tumbled as much as 44% in premarket trading, giving back much of this month’s huge gains, after top investor Ryan Cohen exited his stake. The stock traded down 41% at $10.98 in New York, putting the retailer on course for its worst day since going public in 1992. Cohen’s RC Ventures sold ...

  Bloomberg It didn’t take long after Russia attacked Ukraine for French Colonel Clement Torrent to get his orders: He had six months to build a base for 1,000 soldiers on Nato’s eastern frontier. He and about 200 troops from France, Belgium and the Netherlands are now busy leveling a hilltop in the Romanian region of Transylvania. “Our due date ...