For many years, Kohl's has struggled with its merchandise assortment. Until recently, management emphasized private labels like Sonoma and Croft & Barrow and Jumping Beans. Now Kohl's is moving away from private brands toward national brands like Nike, Adidas, Keds, Levi, Juicy Couture and Izod, Elie Tahari for DesigNation, Elle, Gloria Vanderbilt, Disney, Arrow, Dockers, Carters and many others. The emphasis on exclusive lines such as Vera Wang, Jennifer Lopez, Dana Buchman and others will continue.
Apple is reportedly in talks to buy red-hot headphone maker and streaming-music pioneer Beats Electronics. If the deal happens, it would be Apple's biggest ever. The Financial Times and other outlets on Thursday quoted unnamed sources saying Apple would pay $3.2 billion for the Santa Monica, Calif.-based company founded by legendary music producer Jimmy Iovine and hip-hop star Dr. Dre. Described in the Financial Times only as "people familiar with the negotiations," the sources said the deal could be wrapped up as early as next week, though they warned that negotiations could still falter.