Target Corp
Bed Bath & Beyond’s merchandise problems will make it hard to pull off a turnaround this holiday season
A person exits a Bed Bath & Beyond store in New York City, June 29, 2022. Andrew Kelly | Reuters Bed Bath & Beyond is betting on a drastic change in strategy and well-recognized brands to revive its struggling business. But the retailer’s strained relationships with suppliers of products such as air fryers and stand-mixers […]
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Why Target Canada was a massive failure
Target’s entry into the Canadian market in 2013 was its first foray in international expansion. A combination of extensive renovation needs, a flawed merchandising system, tight time frame and inadequate leadership were some of the reasons the big-box retailer decided to close all 133 stores in the country in 2015. Target does not intend to […]
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Target plans to hire 100,000 seasonal workers for the holidays and start deals early
A hiring sign is posted i front of a Target store on February 05, 2021 in San Rafael, California. Justin Sullivan | Getty Images Target announced Thursday that it will hire 100,000 seasonal workers for the holidays and start offering markdowns the first week of October. The company said the new workers will be hired […]
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FedEx’s bleak warning could reflect global economy − and company’s own shortcomings
A FedEx worker makes a delivery on September 16, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images FedEx warned of weakening global shipping demand in a preliminary earnings report last week, leaving the market scrambling to determine whether the problems reflect internal company shortcomings or a broader economic diagnosis. CEO Raj Subramaniam pointed to […]
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5 things to know before the stock market opens Friday
Here are the most important news items that investors need to start their trading day: Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. Michael M. Santiago | Getty Images News | Getty Images 1. Stock futures fall Wall Street was headed […]
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Bed Bath & Beyond is closing about 150 stores. Here’s a map of ones on the list so far
Bed Bath & Beyond has announced dozens of the roughly 150 stores it plans to close. The struggling home goods retailer released its plans last month to shutter the “lower producing” locations, representing about 20% of its namesake stores. The closures are part of a broader plan to try to stabilize the company’s finances and […]
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Walmart unveils virtual fitting room to push shoppers to buy more clothes
Walmart is rolling out its latest version of virtual try-on, which allows shoppers to upload an image of themselves and see how items would look. Walmart As some shoppers reduce their spending on clothes, Walmart is rolling out a new tool that it hopes will nudge them toward clicking the “buy” button. Starting this week, […]
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KeyBanc says buy Walmart, Target as both are in ‘best competitive positioning of the last decade’
Retailers Walmart and Target are in strong positions that could bolster investor portfolios, according to KeyBanc. The firm on Tuesday initiated coverage of both retailers with overweight ratings and price targets signaling potential future share growth. KeyBanc gave Walmart a $155 price target, implying a more than 14% upside, and Target a $200 price target, […]
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Costco CEO predicts inflation’s turning point, explains how retailer keeps prices so low
Costco CEO Craig Jelinek says stubbornly high inflation, which has been straining American consumers, is not going to permanent. Source
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Holiday shopping season expected to be muted as inflation squeezes shoppers
Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Retailers are scrambling to prepare for the fast-approaching holiday shopping season, but sales growth is expected to be muted this year as consumers cope with tightening budgets. A spate of reports say shoppers are likely […]
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