Target Corp
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 […]
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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 […]
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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. […]
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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 […]
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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% […]
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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 […]
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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 […]
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The ‘internet’s favorite underwear’ goes mainstream: Gen Z brand Parade agrees to be bought
Privately owned Ariela & Associates International has agreed to buy Parade, the VC-backed intimates startup that created “the internet’s favorite underwear,” CNBC has learned. The deal brings Parade’s relevance, digital savviness and loyal customer base to Ariela, a Fruit of the Loom licensee that’s been a longtime player and manufacturer in the intimates space. In […]
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S&P 500 futures are minimal transformed: Stay updates
Traders perform on the floor of the New York Stock Exchange (NYSE), July 26, 2023. Brendan McDermid | Reuters Futures tied to the S&P 500 had been very little altered on Tuesday early morning. Futures joined to the wide market place index added .14%, though Nasdaq-100 futures rose .26%. Futures tied to the Dow Jones […]
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Four reasons why the consumer is so confusing — and what that may mean for retail earnings
Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters High food prices. Low unemployment. And eye-popping spending on concert tickets and European trips. Retailers are chasing shoppers as they navigate contradictory dynamics like cooling inflation, rising interest rates and pandemic-induced jolts to the way people live, work and shop. That has made it tricky […]
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