Federal lawsuit filed against Osceola County sheriff, deputies in 2022 Target shooting
Attorneys have officially filed a federal lawsuit against Osceola Countyโs 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.
Target Q2 sales fall on muted spending, Pride month backlash, and it cuts profit outlook for 2023
Target 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.
Target removes some LGBTQ merchandise from stores ahead of June Pride month after threats to workers
Target 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.
Target recalls line of weighted blankets after 2 children die of asphyxiation
Hundreds 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.
Target's 3Q profit drops 52% as shoppers force price cuts
An 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.
Deadly deputy shooting at Osceola Target leads to push for transparency; questions remain
In April, Osceola County Sheriff Marcos Lopez held a brief news conference to announce his deputies had been involved in a deadly shooting in the parking lot of a Target, offering almost no details about what had happened or what led to the shooting.
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Jump in hiring fuels optimism for US economic recovery
That is down dramatically from 14.8% last April, just after the virus erupted in the United States. AdAlso hiring last month were retailers, which added 41,000 jobs, health care companies, with 46,000, and manufacturers, with 21,000. But state and local governments have slashed 1.4 million jobs since the pandemic erupted, including 86,000 last month, and most have instituted hiring freezes. The Congressional Budget Office projects the nation will add a substantial 6.2 million jobs this year. Sounding an optimistic note, he said: โThereโs good reason to expect job creation to pick up in the coming months."
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Target powers through a pandemic; 2020 sales growth explodes
FILE - In this April 6, 2020 file photo, a customer wearing a mask carries his purchases as he leaves a Target store during the coronavirus pandemic, in the Brooklyn borough of New York. The moves come as Target extended its sales streak through the holiday quarter and sales grew by more than $15 billion. Online sales soared 118%. In the previous quarter, same-store sales rose 10%, while online sales spiked 155%. Late last year, it signed a deal with beauty chain Ulta Beauty that will place Ulta shops in more than 100 Target stores by mid-2021.
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Target to open mini Apple shops in some stores
Target to open mini Apple shops in some storesTarget is expanding its partnership with Apple by launching mini stores within the big box retailer. Target says these scaled-down versions of Apple stores are opening in the coming months. They will be in 17 stores in Texas, Florida, New York, Massachusetts and Pennsylvania. [TRENDING: How plants solve rapes, murders | Swastikas found on Fla. playground | Proposal seeks major changes to Bright Futures]Target says it will have an expanded assortment of products and staff will receive specialized training from Apple. AdCustomers will still need to visit an Apple store for repairs.
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US jobless claims at 730K, still high but fewest in 3 months
The Federal Reserve says theres evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. Jobless claims declined by 111,000 from the previous week to a seasonally adjusted 730,000, the Labor Department said Thursday. Still, before the virus erupted in the United States last March, weekly applications for unemployment benefits had never topped 700,000. The latest figures coincide with a weakened job market that has made scant progress in the past three months. AdAll told, 19 million people were receiving unemployment aid as of Feb. 6, up from 18.3 million the previous week.
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Federal Reserve sees modest pickup in hiring this month
The Federal Reserve says theres evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. (AP Photo/Steven Senne, File)WASHINGTON โ The Federal Reserve says there's evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. In its semi-annual monetary policy report released Friday, the Fed said it has been watching job data compiled by payroll processor ADP. AdThe report will form the basis for Federal Reserve Chair Jerome Powell's testimony next week before committees in the House and Senate. Hiring has stalled in the past three months, with job gains averaging just 90,000 a month from November through January.
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US consumer prices up 0.3% in January, led by energy spike
U.S. consumer prices were unchanged in October, the lowest reading in five months and an indication that the price spike seen this summer is beginning to fade as coronavirus cases start to increase. (AP Photo/Rogelio V. Solis)WASHINGTON โ U.S. consumer prices rose 0.3% in January, led by a surge in energy. But even though the gain was the biggest monthly increase since July, inflation gains over the past year have remained modest. Core inflation, which excludes volatile food and energy costs, is also up 1.4% with core prices unchanged in January. โConsumer price inflation remains very tame,โ said Kathy Bostjancic, chief U.S. financial economist at Oxford Economics, predicting that the upcoming rise in year-over-year inflation figures should be transitory.
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Biden boosting vaccine allotments, financing for virus costs
Starting next week, 1 million doses will be distributed to some 6,500 pharmacies across the country, the White House said. The administration is also boosting by 500,000 the weekly allocation of vaccines sent directly to states and territories for the coming weeks, up to 10.5 million. It is allowing state and local governments to receive additional federal dollars to cover previously incurred expenses relating to the pandemic. The number of participating pharmacies and the allocation of vaccines are expected to accelerate as drug makers increase production. The Biden administration has sought to increase certainty to state governments on their upcoming allocations to streamline deliveries and prevent stockpiling of second doses for the two-dose regimens.
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Retail group: holiday sales up 8.3% amid big spending shift
The nations largest retail trade group says Friday, Jan. 15, 2021, that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores. (AP Photo/Rogelio V. Solis, File)NEW YORK โ The nationโs largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores. The retail sales figures exclude sales from autos, restaurants and gas. The non-seasonably adjusted holiday figures, contrast with a downbeat report Friday from the Commerce Department that retail sales fell a seasonally adjusted 0.7% in December from the month before. However, the government reported a 3.7% retail sales gain in November and a 2.9% gain in December compared to the year-ago periods.
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U.S. retail sales fell in December for 3rd straight month
(AP Photo/John Raoux)NEW YORK โ Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season. The U.S. Commerce Department said retail sales fell a seasonally adjusted 0.7% in December from the month before. Department store chain Nordstrom, lingerie seller Victoriaโs Secret and clothing retailer Urban Outfitters all said sales fell during the holidays. The Commerce Department said shoppers cut back on spending at electronic and department stores. At clothing stores, sales rose 2.4% after dropping 16% for the year.
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Target already planning on no Thanksgiving Day shopping for 2021
FILE - In this Tuesday, Aug. 4, 2020 file photo, people walk through the parking lot at a Target store in Oklahoma City. (AP Photo/Sue Ogrocki, File)Itโs not even Valentineโs Day and Target is already making 2021 holiday plans. The retailer announced it will be closed on Thanksgiving Day again. Target and other retailers were closed this past Thanksgiving to help reduce crowds and flatten the curve amid the coronavirus pandemic. Target also announced its holiday sales for November and December were up more than 17% from the year before.
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Target continues to thrive in whirlwind retail environment
Targets strong sales streak extended through the holiday season, as shoppers snapped up everything from clothing to home goods during the pandemic. The Minneapolis company reported Wednesday, Jan. 13, 2021, that its online sales surged 102% for the November and December period. The retailer reported Wednesday that online sales surged 102% between November and December. Even with the push online, Target's 1,900 locations have become an even greater strength as infections surged and people tried to stay home. Tiffany & Co. last week reported a 2% gain in preliminary holiday sales, helped by strong sales in China and online.
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2020 holiday sales tick up as shoppers invest in their homes
Online sales rose a record 49% year-over-year between Oct. 11 and Dec. 24, according to the Mastercard SpendingPulse figures, which exclude services, automotive and gasoline sales. The holiday shopping season was considered longer this year as retailers offered promotions sooner and encouraged customers to get a jump-start to avoid delivery delays. During the traditional holiday period, between Nov. 1 and Dec. 24, retail sales rose 2.4% year-over-year, according to Mastercard's data. Consumers also favored electronics and appliances, a category where sales rose 6%. There was some payoff, as online clothing sales rose 15.7%, according to Mastercard.
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Target to sell discounted gift cards this weekend
Targetโs annual gift card sale kicks off this weekend, but there will be some changes. The biggest change is that you have to be a member of Targetโs loyalty program to get the 10% discount. Also, this yearโs sale will last two days instead of just one. The store gift cards can be bought Saturday and Sunday in store and online. The deal is only for Target gift cards and the discount can only be used for one transaction.
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Sephora to take over cosmetics in Kohl's stores
NEW YORK โ Sephora will be replacing all cosmetics areas at Kohl's with 2,500 square foot shops, starting with 200 locations in the fall of year. Earlier this month, Target said it would be opening Ulta Beauty shops in more than 100 stores next year. J.C. Penney said its developing its own cosmetics area to replace Sephora when that agreement ends. Rougeot said Sephora was attracted to Kohl's because of its network of 1,100 stores, mostly outside of malls. The Sephora shops, which will feature about 100 brands, will be at the front of Kohl's stores.
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These companies are hiring in Central Florida for the holidays
Disney World told News 6 itโs not hiring for seasonal workers this year. Itโs why this year he said heโs not able to hire seasonal workers like he usually does. While the company couldnโt provide exact hiring totals for Central Florida, each store and distribution center in the area will be hiring seasonal team members, according to Target. CareerSourceWhile theyโre not all necessarily seasonal, CareerSource Central Florida has a variety of positions up for grabs. Those looking for a new job can visit CareerSourceCentralFlorida.com or call 800-757-4598 to be connected to a CareerSource Central Florida career consultant.
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Target gains steam heading into crucial holiday season
Customer traffic rose 4.5% and average dollars spent rose nearly 16%. Its total sales rose 21.3% to $22.34 billion. During the latest quarter, drive-up sales increased more than fivefold, while order pickup continues to increase with more than a 50% increase. Last week, Target announced a deal with nationโs largest beauty store chain, Ulta Beauty, that will place Ulta shops in more than 100 Target stores by mid-2021. The shops, which will each be about 1,000 square feet and carry makeup, skincare, and fragrance, will operate beside existing beauty sections in Target stores.
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Ulta to open beauty shops at 100 Target stores in 2021
FILE - In this Nov. 5, 2020 file photo, women walk to an Ulta Beauty store in Schaumburg, Ill. The nations largest beauty chain has a deal to place shops in more than 100 Target stores by mid-2021. Ulta Beauty and Target said Tuesday, Nov. 10 that the shops will be located next to Targets existing beauty sections. (AP Photo/Nam Y. Huh, File)NEW YORK โ The nation's largest beauty store chain, Ulta Beauty, has a deal to place shops in more than 100 Target stores by mid-2021. โMore than ever before, now is the time for innovation in retail,โ said Mary Dillon, CEO of Ulta Beauty.
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Holiday shopping gets early start with October Prime Day
NEW YORK โ Halloween is still weeks away, but retailers are hoping youโll start your holiday shopping now. The big push is coming from Amazon, which is holding its annual Prime Day sales event Tuesday and Wednesday, kickstarting the holiday shopping season. Itโs the first time Prime Day has been held in the fall, after the pandemic forced it to postpone from July. Whether people will start shopping early remains to be seen. This yearโs Prime Day is in 19 countries, including two new ones: Brazil and Turkey.
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Pandemic pushes start of holiday shopping earlier than ever
(AP Photo/David Zalubowski)NEW YORK โ Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic. Black Friday has long been the unofficial start to the U.S. holiday season, though retailers have been pushing holiday shopping earlier for the last decade or so. The first big holiday push will come from Amazon, which is positioning its mid-October Prime Day as a kickoff to the holiday shopping season. Even with the early start to the season, holiday sales are expected to deliver smaller gains than in recent years. Joel Bines, who runs the retail practice at AlixPartners, thinks the earlier shopping will stick even when the pandemic is over.
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US layoffs remain elevated as incomes and spending weaken
Overall jobless aid has shrunk in recent weeks even as roughly 25 million people rely upon it. Total paid unemployment benefits plunged by more than half in August, according to the Commerce Department. Most of them are transitioning to an extended jobless aid program that provides benefits for an additional three months. Weekly applications for unemployment benefits are typically watched as a proxy for layoffs, although the data has become muddied in recent months. On Friday, the government will issue the jobs report for September, the final such report before Election Day, Nov. 3.
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Target sets October date for annual 'Deal Daysโ sales event
Targetโs โDeal Daysโ is back. The retailerโs sales event is scheduled for Oct. 13-14. A spokesperson for Target tells business insider the two-day sale includes digital deals on twice as many items compared to the year before. [TRENDING: Officials investigating possible coronavirus superspreader events | ULA set for Tuesday rocket launch | Local coronavirus mask mandates remain in effect]โDeal Daysโ made its debut in July 2019 and has a โno membership requiredโ sale. Target is also expected to hire 130,000 seasonal employees during the holiday season.
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Twisted Sister singer to anti-maskers who paraded through Florida Target: Donโt use our song
FORT LAUDERDALE, Fla. โ Twisted Sister singer Dee Snider took to social media to condemn anti-maskers who went into a Florida Target store blaring the groupโs hit โWeโre Not Gonna Take It" while ripping off their masks. Target was fined for not enforcing the county's mask law and citations were mailed to the protesters, the South Florida Sun Sentinel reported. Fort Lauderdale resident Chris Nelson told the newspaper that his group, ReOpen South Florida, organized the โflash mob." Danielle Schumann, a Target corporate spokeswoman, said Target requires shoppers to wear masks inside stores. Nelson told the Sun Sentinel he will continue to use the Twisted Sister song, despite Snider's criticism.