Target Corp
Target expects organized retail crime-fueled losses to jump by $500 million this year
Target said Wednesday that organized retail crime will fuel $500 million more in stolen and lost merchandise this year compared with a year ago. Target’s inventory loss, called shrink, totaled about $763 million last fiscal year, based on calculations from the company’s financial filings. With the anticipated increase, shrink this year would surpass $1 billion. […]
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Stocks making the biggest moves midday: Tesla, Western Alliance, Target & more
In this article TSLA EVGO KRE WAL Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC Check out the companies making headlines in midday trading. Tesla — Shares rose 3.9% following the company’s annual shareholder meeting the previous day. CEO Elon Musk announced […]
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Shares producing the greatest premarket moves: Western Alliance, TJX, Wynn, Tesla & far more
In this posting TJX WYNN WAL TGT Comply with your most loved sharesProduce Cost-free ACCOUNT Signage outside Western Alliance Lender headquarters in Phoenix, Arizona on March 13, 2023. Caitlin O’Hara | Bloomberg | Getty Illustrations or photos Check out out the corporations building the most significant moves in premarket buying and selling: Western Alliance — […]
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Target tops earnings expectations, even as sales barely budge and consumers watch spending
Target on Wednesday topped Wall Street’s earnings expectations, even as the discounter’s sales barely grew year-over-year and its shoppers bought more necessities. Shares fell in premarket trading, as the retailer’s fiscal second-quarter forecast disappointed. The big-box retailer stuck with its full-year outlook. It expects comparable sales will range from a low single-digit decline to a […]
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Kraft Heinz unveils customizable sauce dispenser with more than 200 condiment combos for restaurants
A rendering of the Heinz Remix dispenser Source: Kraft Heinz For more than 125 years, Heinz bottles have touted “57 varieties,” a number completely made up by its founder with little to no real-life application. Now, Kraft Heinz wants to offer customers more than three times that number of condiment options through a new customizable […]
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Stock futures inch higher as Wall Street focuses on debt ceiling negotiations: Live updates
Chinese yuan surpasses 7-mark as economic data misses The offshore Chinese yuan weakened further to 7.0061 against the greenback, breaching the 7-mark for the first time in 2023 on Wednesday morning. The onshore yuan also weakened 0.18% to 6.9913 against the U.S. dollar as investors further digested China’s economic data that missed estimates on Tuesday. […]
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Activist firms call on Dollar General, Dollar Tree to improve worker safety, wages
Dollar General and Dollar Tree stores Getty Images Two activist investment firms are calling on Dollar General and Dollar Tree shareholders to approve a pair of resolutions aiming to improve worker safety and wages, the firms said Tuesday. Dollar General Proposal 7, led by Domini Impact Investments, calls for an independent audit into worker safety […]
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Why Home Depot’s weak outlook could be a warning sign for Target earnings
Target and The Home Depot store signage. Robyn Beck | AFP | Getty Images Home Depot and Target may sell very different kinds of merchandise. But the home improvement retailer’s slashed forecast could be seen as a warning sign for the cheap chic retailer. Target will report its fiscal first-quarter earnings on Wednesday, a day […]
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These retailers are most at risk for a margin squeeze this earnings season thanks to cautious consumers, heavy promotions
Shoppers are at the Citadel Outlets in Los Angeles. Jonathan Alcorn | Reuters Affordability is the number one concern for consumers globally, new data released Tuesday by EY shows. The price worries could suggest trouble for retailers that are relying on promotions to win over cost-conscious customers. Those companies could see their margins under pressure […]
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