Target Corp
Shares of Abercrombie & Fitch soar 15%, as retailer blows past Wall Street’s expectations
An Abercrombie & Fitch store in San Francisco. Getty Images Shares of Abercrombie & Fitch soared in premarket trading, after the retailer crushed Wall Street’s earnings and sales expectations for the quarter and raised its forecast for the year. Here’s how the retailer did in the fiscal second quarter ended July 29 compared with what […]
Read More
Aldi is getting bigger. Here’s why the no-frills German grocer is looking to the Southern U.S. for growth
No-frills discounter Aldi is the latest grocer to shake up the industry with big moves. The German retailer announced this week that it plans to acquire about 400 Winn-Dixie and Harveys Supermarket locations across the Southern U.S. As part of the deal, it would take over operations of the stores, which are in Florida, Alabama, […]
Read More
Three ways Walmart and Target are diverging as consumers watch their wallets
(L) A customer pushes a shopping cart full of groceries outside a Wal-Mart n Rogers, Arkansas, and (R) A pedestrian passes a Target store in the Tenleytown neighborhood of Washington, DC. Getty Images Target and Walmart are both catering to thriftier shoppers, but the two big-box retailers have seen very different outcomes when it comes […]
Read More
Stocks slip Thursday as investors digest earnings, economic data: Live updates
Hawaiian Electric on track to close at cheapest share price since 1985 Hawaiian Electric shares are poised to close at their lowest price in nearly four decades as pressure from the Maui wildfires mount. Shares traded below $12 midday Thursday. If that holds through close, it will be the cheapest price since 1985. Investors have […]
Read More
Walmart raises full-year forecast as grocery, online growth fuel higher sales
Atchison, Kansas. Walmart store logo with gardening products for sale. (Photo by: Michael Siluk/UCG/Universal Images Group via Getty Images) Ucg | Universal Images Group | Getty Images Walmart on Thursday raised its full-year forecast, as the discounter leaned on its low-price reputation to draw grocery customers and drive online spending. The big-box retailer beat Wall […]
Read More
Several Buy Buy Baby, Harmon stores to reopen after buyers scored deals on the bankrupt brands
Bed Bath & Beyond and Buy Buy Baby signage is displayed outside of store in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images Bed Bath & Beyond may never return to its brick-and-mortar heyday, but the doors at former corporate siblings Buy Buy Baby and Harmon are set to reopen, CNBC has learned. […]
Read More
Target Pride backlash adds to sales woes as culture wars rage in corporate America
Signage for Target Corp.’s “#TakePride” initiative sits above products displayed for sale at a company store in Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Target CEO Brian Cornell said “negative reaction” to the retailer’s Pride merchandise hurt sales and contributed to the disappointing quarterly results that the company reported Wednesday. But Cornell stood […]
Read More
Shoppers are spending big at TJX Companies as Target sales slide
A T.J. Maxx store in Pasadena, California. Mario Anzuoni | Reuters Cash-strapped consumers may be pulling back on discretionary purchases at Target, but they’re spending big on name brands and home goods at off-price TJX Companies. The discounter raised its full year outlook on Wednesday after posting an 8% year-over-year sales jump and a 23% […]
Read More
Target slashes full-year forecast as retailer struggles to win over thrifty shoppers
A Target department store on May 17, 2023 in North Miami Beach, Florida. Joe Raedle | Getty Images Target on Wednesday missed quarterly sales expectations and slashed its full-year forecast, as it again had trouble convincing shoppers to buy more than the necessities. The big-box retailer cut both its full-year sales and profit expectations. Target […]
Read More
Inventory futures are little altered as Wall Street appears to be like past getting rid of session: Stay updates
Traders perform on the ground of the New York Stock Exchange (NYSE) in New York Town, July 20, 2023. Brendan McDermid | Reuters Stock futures are in close proximity to flat Tuesday evening as investors arrived off a dropping session that marked the latest leg down in an August slump. Futures tied to the Dow […]
Read More