The winning and losing retailers heading into the holiday season
With Black Friday kicking off later this week, recent earnings paint a picture of the retailers leading the pack and those falling behind…
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Target’s in Trouble. How it Could Turn Business Around.
Target third-quarter report was bad. So bad, in fact, that the stock had its worst day in years, dropping a little over…
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Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, Target
Retailers are in for a mixed holiday season this year ahead of Black Friday and Christmas, marked by…
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Discretionary spending is recovering one category at a time
Retailers such as BJ’s, Best Buy, and Target point to a gradual recovery in certain discretionary categories as they…
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Walmart’s low price promise in focus after Amazon’s warning
Walmart’s “Everyday Low Price” promise will be put to the test when it reports quarterly results, after rival…
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Target Earnings Miss as Consumers Pull Back. The Stock Tumbles.
Target stock was on track for its largest decrease in nearly two years Wednesday, after the retailer’s fiscal first-quarter earnings missed…
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Target’s Store Closures Raise Eyebrows. What’s Really Going on With Retail Theft?
Target garnered national attention last week when it said it would close stores in four major cities, citing rising problems with theft and violent crime. But while such moves make it clear that the retail industry is struggling with a theft problem, it’s surprisingly hard to get concrete picture of just how big that problem…
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Look Past the Retail Doom and Gloom. There Are Still Some Winners.
Many retail stocks have been ravaged amid a tempestuous earnings season.
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Target fends off holiday gloom with discounts, warns on 2023 earnings
Target Corp (TGT.N) on Tuesday forecast muted profit growth in 2023 and warned of the need for more discounts to woo shoppers cutting their discretionary spending due to surging inflation. The retailer’s discounting strategy powered its sales and profit in the holiday quarter to exceed market expectations for the first time in a year, lifting…
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Target profit crumbles as inflation-weary consumers shun discretionary spending
Target Corp (TGT.N) reported a bigger-than-expected 90% fall in quarterly earnings on Wednesday and missed estimates for comparable sales as it struggled to lure inflation-hit shoppers with steep discounts on apparel, electronics and home goods. A host of U.S. retailers have issued profit warnings in recent weeks as consumers squeezed by higher prices for everything…
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