Target Corp
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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Target wants shoppers to think of it for groceries as retailer braces for leaner spending
About 21% of Target’s annual sales come from the food and beverage category, but its grocery aisles have taken on added importance as shoppers buy fewer discretionary items. Melissa Repko | CNBC For many Americans, a trip to Target brings to mind a shopping cart filled with throw pillows, makeup or a cute outfit. The […]
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5 factors to know prior to the inventory current market opens Monday
Right here are the most important information things that investors need to have to start their buying and selling working day: 1. Current market malaise The Dow Jones Industrial Average and S&P 500 have fallen for two straight months. A flurry of facts that will trace at the wellbeing of the economic climate — along […]
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Under Armour sends potential warning sign about retailers’ profits
People walks past a Under Armour clothing store in Siam Center, Bangkok. Guillaume Payen | SOPA Images | LightRocket | Getty Images Under Armour‘s shares sank Tuesday, even after the athletic apparel and footwear retailer beat Wall Street’s quarterly revenue and earnings expectations. The reason for the drop may offer insights into challenges faced by […]
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Prebiotic soda Olipop approaches $200 million in annual sales — and CEO says Coca-Cola and PepsiCo have already come knocking
Prebiotic soda maker Olipop is set to cross $200 million in annual sales this year, just five years after it arrived on grocery store shelves. Founder and CEO Ben Goodwin said beverage giants PepsiCo and Coca-Cola have already come knocking. But he’s not interested in cashing out just yet. “Right now, my focus is on […]
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Target rolls out curbside returns as retailers hope convenience will boost sales
Target is dangling a new perk to get shoppers to swing by its stores: customers can make returns without leaving their car. The curbside-returns service, which began last week at roughly a quarter of Target’s nearly 2,000 stores nationwide, will be available across the chain by the end of summer. Target is sweetening its curbside-pickup […]
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Ikea to spend in excess of $2.2 billion in new U.S. shop models, pickup locations in up coming three yrs
Ikea will invest a lot more than $2.2 billion in excess of the future 3 a long time on its omnichannel development system in the U.S., marking the Swedish household and household furniture firm’s largest financial investment drive because it opened in the U.S. nearly 40 years ago. Omnichannel retail ordeals, in which on the […]
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As retail gets choppy, Walmart flexes its grocery muscle, deep pockets and huge reach
Bloomberg | Bloomberg | Getty Images As shoppers get thrifty, Walmart is flexing its muscles. Like other retailers, the company faces slowing sales as the boom of pandemic-fueled spending fades and inflation hits shoppers’ wallets. Yet, unlike many competitors, Walmart has a few key factors that could work in its favor: Most of its sales […]
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Shrinking food stamp benefits for families mean yet another challenge for retailers
A worker carries bananas inside the Walmart SuperCenter in North Bergen, New Jersey. Eduardo Munoz Alvarez | AP For some shoppers who already struggle to cover grocery bills, the budget is getting tighter. This month, pandemic-related emergency funding from the Supplemental Nutrition Assistance Program, formerly known as food stamps, is ending in most states, leaving […]
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Secondhand resale is getting cutthroat as platforms like Depop and Poshmark boom
The Depop application on a smartphone arranged on Wednesday, June 2, 2021. Gabby Jones | Bloomberg | Getty Images Six months after launching his secondhand clothing shop on digital marketplace Depop in 2020, Blake Robertson, a 15-year-old high schooler at the time, received a death threat from a customer. It came via Instagram, from someone […]
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