Quarterly profit slide at Target hints at a challenging holiday season for the retailer
Read full article: Quarterly profit slide at Target hints at a challenging holiday season for the retailerTarget’s third-quarter profit tumbled as the retailer struggles to lure shoppers that are being pressed by stubbornly high inflation.
Wall Street swings through another erratic day ahead of a couple of crucial tests
Read full article: Wall Street swings through another erratic day ahead of a couple of crucial testsThe U.S. stock market swung through another unsettled day of trading, ahead of a couple of crucial tests for Wall Street.
Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster
Read full article: Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost lusterTarget is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base.
Texas shooter who killed 3 outside Target, including a child, randomly chose his victims, police say
Read full article: Texas shooter who killed 3 outside Target, including a child, randomly chose his victims, police sayPolice say a Texas man fatally shot three people in a Target parking lot, including a child and her grandfather.
Shooter kills 3 in a Target parking lot in Austin, Texas, before being captured, police say
Read full article: Shooter kills 3 in a Target parking lot in Austin, Texas, before being captured, police sayPolice say a gunman opened fire in a Target parking lot Monday in Austin, Texas, killing two adults and a child.
P&G to increase prices in part due to tariffs as shoppers remain cautious and delay purchases
Read full article: P&G to increase prices in part due to tariffs as shoppers remain cautious and delay purchasesConsumer products giant Procter & Gamble offered an annual earnings outlook that was below analysts’ projections and said it would raise prices on about a quarter of its products in the U.S. in part due to costs of President Donald Trump’s tariffs.
Pampers maker Procter & Gamble to cut up to 7,000 jobs as companies are buffeted by higher costs
Read full article: Pampers maker Procter & Gamble to cut up to 7,000 jobs as companies are buffeted by higher costsProcter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, over the next two years as the maker of Tide detergent and Pampers diapers implements a restructuring program amid an environment dealing with trade wars and customers anxious about the economy.
Dozens sickened in expanding salmonella outbreak linked to recalled cucumbers
Read full article: Dozens sickened in expanding salmonella outbreak linked to recalled cucumbersFederal health officials say at least 45 people in 18 states have been sickened in an expanding salmonella outbreak tied to recalled cucumbers.
Wall Street tumbles under the weight of rising Treasury yields and US debt worries
Read full article: Wall Street tumbles under the weight of rising Treasury yields and US debt worriesWall Street slumped under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government’s spiraling debt and other concerns.
Pastor calls for 'full Target boycott' over concerns about diversity, equity, inclusion
Read full article: Pastor calls for 'full Target boycott' over concerns about diversity, equity, inclusionThe pastor of a Georgia megachurch who led a nationwide 40-day “fast” against Target stores is now calling for a “full Target boycott.”.
Al Sharpton calls meeting with Target's CEO amid DEI backlash 'very constructive and candid'
Read full article: Al Sharpton calls meeting with Target's CEO amid DEI backlash 'very constructive and candid'Target’s chief executive officer has met with the Rev. Al Sharpton, whose civil rights organization has encouraged consumers to avoid U.S. retailers that scaled backed their diversity, equity and inclusion initiatives.
Founders of Black-owned brands adapt their hopes and business plans for a post-DEI era
Read full article: Founders of Black-owned brands adapt their hopes and business plans for a post-DEI eraThe Black creators of some consumers products are rethinking their business plans as major U.S. companies end or water down their diversity, equity and inclusion programs.
A 40-day Target boycott began this week. What to know about the protest and its potential impact
Read full article: A 40-day Target boycott began this week. What to know about the protest and its potential impactA 40-day boycott of Target that calls for supporters to give up shopping at the company’s stores during the Lenten period kicked off this week.
Target posts strong Q4 profits and sales, but warns of cautious spending as tariffs take hold
Read full article: Target posts strong Q4 profits and sales, but warns of cautious spending as tariffs take holdSales and profits slipped for Target during the crucial holiday quarter as customers held back on spending, and the company said there will be “meaningful pressure” on its profits to start the year because of tariffs on Mexico, Canada and China and other costs.
Florida files suit against Target, claiming DEI initiatives 'misled investors'
Read full article: Florida files suit against Target, claiming DEI initiatives 'misled investors'Florida’s new attorney general has filed a federal lawsuit against Target, claiming the discount store chain “misled investors” by promoting diversity, equity and inclusion initiatives that prompted a backlash and ultimately cost shareholders.
Target's DEI rollback raises questions about the retail giant's philanthropic commitments
Read full article: Target's DEI rollback raises questions about the retail giant's philanthropic commitmentsTarget’s rollback on diversity, equity and inclusion initiatives is raising questions about the retail giant’s philanthropic commitment to fighting racial disparities and promoting progressive values in liberal Minneapolis, where it is based, and beyond.
Target is ending its diversity goals as a strong DEI opponent occupies the White House
Read full article: Target is ending its diversity goals as a strong DEI opponent occupies the White HouseDiscount store chain Target says it’s joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
American shoppers wrap up the year in a spending mood, boding well for the U.S. economy
Read full article: American shoppers wrap up the year in a spending mood, boding well for the U.S. economyAmerican consumers wrapped up the year in a spending mood, shopping for all sorts of merchandise from furniture to clothing, and eating out at restaurants, according to the latest government snapshot.
Taylor Swift 'Eras' tie-in book is a smash, selling more than 800,000 copies in first weekend
Read full article: Taylor Swift 'Eras' tie-in book is a smash, selling more than 800,000 copies in first weekendJust one retail chain was enough for Taylor Swift to have the top-selling book last week and the biggest publishing launch of 2024.
Retailers coax Black Friday shoppers into stores with big discounts and giveaways
Read full article: Retailers coax Black Friday shoppers into stores with big discounts and giveawaysRetailers in the U.S. have used giveaways and bigger-than expected discounts to reward shoppers who ventured out on Black Friday.
A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter
Read full article: A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarterTarget has reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items.
Amazon, Target and other retailers are ramping up hiring for the holiday shopping season
Read full article: Amazon, Target and other retailers are ramping up hiring for the holiday shopping seasonU.S. retailers are ramping up hiring for the holiday season but expect to take on fewer seasonal employees to help customers in stores and assemble online orders in warehouses.
A tale of two retailers: Target reverses sales slump while Macy's reports another quarterly decline
Read full article: A tale of two retailers: Target reverses sales slump while Macy's reports another quarterly declineGrocery aisle deals for cash-strapped customers and an emphasis on affordable but stylish clothes has helped Target reverse a year-long sales slump.
Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
Read full article: Stock market today: Wall Street pulls closer to records after retailers top profit forecastsU.S. stocks ticked higher after more big companies delivered profit reports that topped analysts’ expectations.
Stores are more subdued in observing Pride Month. Some LGBTQ+ people see a silver lining in that
Read full article: Stores are more subdued in observing Pride Month. Some LGBTQ+ people see a silver lining in thatWith Pride Month in full gear, U.S. shoppers can find the usual merchandise many stores stock for the June celebration of LGBTQ+ culture and rights.
Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash
Read full article: Target to reduce number of stores carrying Pride-themed merchandise after last year's backlashTarget confirmed that it won’t be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received a backlash last year for its assortment.
🧹Bust dust with these Spring Cleaning essentials approved by consumer experts
Read full article: 🧹Bust dust with these Spring Cleaning essentials approved by consumer expertsThat dust that’s been collecting while you were stuck indoors has got to go. But don’t try to brush it away with a feather duster—that will only make things worse. Here are some recommended dusting tools from cleaning pros and the experts at Consumer Reports who share their advice in "How to Clean Practically Anything."
Amazon, Target stop selling weighted baby blankets, sleep sacks and swaddles amid safety concerns
Read full article: Amazon, Target stop selling weighted baby blankets, sleep sacks and swaddles amid safety concernsAmazon and Target are among retailers now ending their sales of weighted baby blankets, sleep sacks and swaddles as calls mount for more research and oversight of the products’ safety, according to Consumer Reports.
US consumers remain confident, but their feelings about the near future are a bit more cloudy
Read full article: US consumers remain confident, but their feelings about the near future are a bit more cloudyU.S. consumer confidence held steady this month even as Americans are still concerned about high prices and feeling less optimistic about the short-term future.
Target launches new paid membership program in a bid to drive sales at a time of cautious spending
Read full article: Target launches new paid membership program in a bid to drive sales at a time of cautious spendingTarget, looking for ways to reverse a sales malaise, is getting into Amazon territory: the paid membership game.
Target stops selling product dedicated to Civil Rights icons after TikTok video shows errors
Read full article: Target stops selling product dedicated to Civil Rights icons after TikTok video shows errorsTarget says it will stop selling a product dedicated to Civil Rights icons after a now-viral TikTok video spotlighted some significant errors.
Osceola County sheriff praises grand jury decision to not charge deputies in Target shooting
Read full article: Osceola County sheriff praises grand jury decision to not charge deputies in Target shootingThe Osceola County sheriff praised a grand jury’s decision to not bring charges against two of his deputies involved in a shooting at a Target in Kissimmee in April 2022 that killed one person and injured two others.
The secret life of gift cards: Here's what happens to the billions that go unspent each year
Read full article: The secret life of gift cards: Here's what happens to the billions that go unspent each yearAmericans are expected to spend nearly $30 billion on gift cards this holiday, according to the National Retail Federation.
What stores are open and closed on Christmas Day in 2023? Hours for Walmart, Kroger, CVS and more
Read full article: What stores are open and closed on Christmas Day in 2023? Hours for Walmart, Kroger, CVS and moreWith Christmas right around the corner, you might want to check the list of what stores are open (and closed) twice.
Amazon, Target and more will stop selling water beads marketed to kids due to rising safety concerns
Read full article: Amazon, Target and more will stop selling water beads marketed to kids due to rising safety concernsThree major U.S. retailers — Amazon, Target and Walmart — say they’re suspending sales of water-bead products marketed to young children due to growing safety concerns.
Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenue
Read full article: Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenueMacy’s third-quarter sales declined as consumers remain cautious on their spending, but the results and its adjusted profit both topped Wall Street’s expectations.
Target tops third quarter profit expectations, but inflation weighs on shoppers
Read full article: Target tops third quarter profit expectations, but inflation weighs on shoppersTarget on Wednesday reported a hefty third-quarter profit increase that handily beat Wall Street expectations, benefiting from efforts to hold down costs.
Stock market today: Asian shares fall over China-US jitters following Biden's meeting with Xi
Read full article: Stock market today: Asian shares fall over China-US jitters following Biden's meeting with XiAsian shares have retreated after Wall Street added a bit more to its big rally from a day before.
Target to close 9 stores, including 3 in the San Francisco Bay Area, citing safety concerns
Read full article: Target to close 9 stores, including 3 in the San Francisco Bay Area, citing safety concernsTarget says it's closing nine stores in four states, including one in New York City’s East Harlem neighborhood, and three in the San Francisco Bay Area.
Federal lawsuit filed against Osceola County sheriff, deputies in 2022 Target shooting
Read full article: Federal lawsuit filed against Osceola County sheriff, deputies in 2022 Target shootingAttorneys have officially filed a federal lawsuit against Osceola County’s sheriff and two deputies for the 2022 encounter and shooting outside a Target store in Kissimmee where one person was killed and two others were hurt.
‘Public needs to be protected:’ Orlando attorney responds to grand jury handling use of force cases
Read full article: ‘Public needs to be protected:’ Orlando attorney responds to grand jury handling use of force casesA month into the job, the governor-appointed Ninth Circuit state attorney announced a policy change regarding use of force cases.
Retail sales rise 0.6% in August largely due to a spike in gas prices
Read full article: Retail sales rise 0.6% in August largely due to a spike in gas pricesAmericans stepped up retail spending modestly from July to August as the price of gasoline jumped, cutting into budgets as many families send their kids off to school.
Wholesale price inflation accelerated in August from low level
Read full article: Wholesale price inflation accelerated in August from low levelU.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve.
GOP lawmakers take aim at LGBTQ+ ‘safe places’ program in Mount Dora
Read full article: GOP lawmakers take aim at LGBTQ+ ‘safe places’ program in Mount DoraSome central Florida lawmakers say they are considering “all legislative, legal and executive options available” to stop business owners in a small town from voluntarily displaying rainbow decals in their windows.
Target Q2 sales fall on muted spending, Pride month backlash, and it cuts profit outlook for 2023
Read full article: Target Q2 sales fall on muted spending, Pride month backlash, and it cuts profit outlook for 2023Target reported its first quarterly sales drop in six years, dragged down by shoppers' inflation worries and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise.
GOP attorneys general shift the battle over affirmative action to the workplace
Read full article: GOP attorneys general shift the battle over affirmative action to the workplaceThirteen Republican state attorneys general are cautioning CEOs of the 100 biggest U.S. companies on the legal consequences for using race as a factor in hiring and employment practices.
Consumers are spending, but Wall Street and businesses expect a tighter squeeze ahead
Read full article: Consumers are spending, but Wall Street and businesses expect a tighter squeeze aheadMacy’s, Target and Dollar General are warning investors their sales will suffer this year as consumers shift spending to essentials.
VIDEO: Flagler man accused of shoplifting vibrator, condoms from Target
Read full article: VIDEO: Flagler man accused of shoplifting vibrator, condoms from TargetA Flagler County man was arrested after trying to take several strange products from a Target in Palm Coast, according to the sheriff’s office.
Pride becomes a minefield for big companies, but many continue their support
Read full article: Pride becomes a minefield for big companies, but many continue their supportDozens of big companies from Delta and Coca-Cola to Walmart are sponsoring LGBTQ+ Pride events and displaying racks of Pride-themed merchandise.
LGBTQ+ activists call for new strategies to promote equality after Target backlash
Read full article: LGBTQ+ activists call for new strategies to promote equality after Target backlashActivists in the LGBTQ+ community are calling for new ways to mobilize against threats to their long fight for equality.
Why is Target pulling some Pride merch? The retailer’s response to backlash, explained
Read full article: Why is Target pulling some Pride merch? The retailer’s response to backlash, explainedTarget is removing some items and making other changes to its LGBTQ+ merchandise nationwide after intense backlash from some shoppers ahead of Pride month.
Target becomes latest company to suffer backlash for LGBTQ+ support, pulls some Pride month clothing
Read full article: Target becomes latest company to suffer backlash for LGBTQ+ support, pulls some Pride month clothingTarget is removing certain items from its stores and making other changes to its LGBTQ+ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers.
Walmart shines in rough retail environment, ratchets up outlook after strong first quarter
Read full article: Walmart shines in rough retail environment, ratchets up outlook after strong first quarterWalmart reported strong first-quarter sales results as the nation’s largest retailer’s low-prices continue to draw budget conscious consumers in a challenging economic environment of stubbornly high inflation.
Target wrestles with pullback in spending and theft that may cost retailer more than $1B this year
Read full article: Target wrestles with pullback in spending and theft that may cost retailer more than $1B this yearTarget has reported another quarterly profit decline and issued a cautious sales and profit outlook for the current period.
Osceola County sheriff violated civil rights in Target shooting, lawsuit claims
Read full article: Osceola County sheriff violated civil rights in Target shooting, lawsuit claimsAttorneys are filing a federal civil rights violation lawsuit against the sheriff of Osceola County and two deputies in connection with a fatal encounter and shooting at a Target store in Kissimmee last year.
Florida CVS pharmacies roll out time-delay safes to deter drug robberies
Read full article: Florida CVS pharmacies roll out time-delay safes to deter drug robberiesAll 838 CVS Pharmacy locations throughout Florida have new time-delay safe technology installed to help reduce the number of robberies they face.
Tepid outlook from Target after 4th quarterly profit dip
Read full article: Tepid outlook from Target after 4th quarterly profit dipTarget plans to invest as much as $5 billion this year expanding services for customers, including a drive up service for returns, renovations at 175 stores and improvements in online shopping.
Armed man shot inside Target got rifle 4 days earlier
Read full article: Armed man shot inside Target got rifle 4 days earlierPolice say the man who was fatally shot by police after entering a Target store in Omaha, Nebraska, armed with an AR-15-style rifle had obtained the weapon just four days earlier at a sporting goods store.
🥄Store brand dupes for name brand foods, grocery savings
Read full article: 🥄Store brand dupes for name brand foods, grocery savingsIs Walmart’s ketchup just as tasty—for less cash—as Heinz? Is Costco’s yogurt as creamy as Chobani? Here, how 70 grocery store brands compare with the iconic staples you’ve bought for years.
Target recalls line of weighted blankets after 2 children die of asphyxiation
Read full article: Target recalls line of weighted blankets after 2 children die of asphyxiationHundreds of thousands of weighted blankets sold exclusively at Target stores and online are being recalled after four reports of young children becoming entrapped in them, two of whom died of asphyxia in April, according to the U.S. Consumer Product Safety Commission.
114M shoppers expected in stores across US on Black Friday, research shows
Read full article: 114M shoppers expected in stores across US on Black Friday, research showsAn estimated 114 million people plan to shop this year, part of the 166.3 million planning to shop from Thanksgiving Day through Cyber Monday, according to the National Retail Federation.
US retail sales rose 1.3% last month, a sign of resilience
Read full article: US retail sales rose 1.3% last month, a sign of resilienceAmericans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates.
Target's 3Q profit drops 52% as shoppers force price cuts
Read full article: Target's 3Q profit drops 52% as shoppers force price cutsAn unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third quarter profits at Target down 52% after it was forced to slash prices for Americans who are feeling the squeeze of inflation.
Walmart, Target begin holiday early to ease inflation sting
Read full article: Walmart, Target begin holiday early to ease inflation stingWalmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation and looking for ways to take the sting out of holiday shopping.