Fashion executive John Idol offered a mea culpa, saying sales plunged for Michael Kors and Versace because of steep price hikes and other missteps. via @WSJ

Kohl’s is cutting roughly 10% of its corporate workforce, two weeks after installing a new chief executive via @WSJ

Longtime Kohl's customers have a message for the new CEO: 'Get back to being my store’ via @WSJ

Walmart aisles are piled high with goods this holiday season, but one item sticks out: cotton T-shirts that were made in America and cost only $12.98. via @WSJ

Macy’s has completed its investigation into accounting problems and found that a single employee’s mistake—and coverup—created $151 million in false bookkeeping entries via @WSJ

Stores and shoppers are in an escalating battle as online return rates have soared in recent years. via @WSJ

Macy’s delayed its third-quarter earnings report after the retailer said an employee hid up to $154 million in delivery expenses over several years, prompting an investigation via @WSJ

A rare CEO mea culpa: Kohl’s outgoing CEO Tom Kingsbury had no trouble owning up to mistakes that led to a steep drop in the retailer’s quarterly sales via @WSJ

Jamie Salter built a multibillion-dollar empire on iconic brands that lost their way. Critics say he cheapens the labels. He says he saves them from extinction via @WSJ

Macy's has a fix for its shoe department: fewer shoes via @WSJ

Private emails are part of the evidence that has surfaced during an antitrust trial over the proposed merger of Michael Kors with handbag rival Coach via @WSJ

Dupe culture is taking a bite out of Lululemon. Some of its fans say they are turning to look-alike leggings that cost a lot less but offer similar quality via @WSJ

WSJ reporter Evan Gershkovich was wrongfully convicted and sentenced to 16 years in a Russian prison via @WSJ

How stealth shoppers hide purchases from their partners. “That’s what the gym bag or dry-cleaning bag is for.” via @WSJ

The man who is buying Neiman Marcus has made a fortune where others have stumbled—buying and selling department stores. via @WSJ

WSJ Scoop. The owner of Saks is buying Neiman Marcus in a $2.65 billion deal—with Amazon taking a minority stake via @WSJ

Today began the sham trial in Russia of Wall Street Journal Reporter Evan Gershkovich. Evan is innocent. The time to bring Evan home is now. #JournalismIsNotACrime #IStandWithEvan #FreeEvan

Ozempic effect: Some retailers are seeing a sales boost fueled by people switching to smaller sizes after they shed pounds on weight loss drugs via @WSJ

Thank you to attendees of the Livingston Awards, which honors journalists under 35, for showing support for our colleague Evan Gershkovich, who has been wrongfully detained by Russia

Gap’s new CEO is grappling with a fundamental question: Why do his brands exist? via @WSJ