WEATHER ALERT
A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter
Read full article: A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarterTarget has reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items.
A tale of two retailers: Target reverses sales slump while Macy's reports another quarterly decline
Read full article: A tale of two retailers: Target reverses sales slump while Macy's reports another quarterly declineGrocery aisle deals for cash-strapped customers and an emphasis on affordable but stylish clothes has helped Target reverse a year-long sales slump.
Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
Read full article: Stock market today: Wall Street pulls closer to records after retailers top profit forecastsU.S. stocks ticked higher after more big companies delivered profit reports that topped analysts’ expectations.
New video shows accused voyeur running out of Fort Lauderdale Target, cops say
Read full article: New video shows accused voyeur running out of Fort Lauderdale Target, cops sayA new video has surfaced of a suspected voyeur police say was caught recording a woman in a Target store changing room in Fort Lauderdale.
Good Samaritan speaks after saving child from hot car in Aventura
Read full article: Good Samaritan speaks after saving child from hot car in AventuraAbraham Saad, a father of young children, said he was going shopping at an Aventura Target Saturday evening when he saw a 2-year-old boy screaming in a locked car that wasn’t running.
Parents accused of leaving 2-year-old in hot car while shopping at Target in Aventura
Read full article: Parents accused of leaving 2-year-old in hot car while shopping at Target in AventuraA couple is behind bars after police accused them of leaving their 2-year-old son inside a hot car while they shopped at a Target in Aventura over the weekend.
Stores are more subdued in observing Pride Month. Some LGBTQ+ people see a silver lining in that
Read full article: Stores are more subdued in observing Pride Month. Some LGBTQ+ people see a silver lining in thatWith Pride Month in full gear, U.S. shoppers can find the usual merchandise many stores stock for the June celebration of LGBTQ+ culture and rights.
Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash
Read full article: Target to reduce number of stores carrying Pride-themed merchandise after last year's backlashTarget confirmed that it won’t be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received a backlash last year for its assortment.
US consumers remain confident, but their feelings about the near future is a bit more cloudy
Read full article: US consumers remain confident, but their feelings about the near future is a bit more cloudyU.S. consumer confidence held steady this month even as Americans are still concerned about high prices and feeling less optimistic about the short-term future.
Target launches new paid membership program in a bid to drive sales at a time of cautious spending
Read full article: Target launches new paid membership program in a bid to drive sales at a time of cautious spendingTarget, looking for ways to reverse a sales malaise, is getting into Amazon territory: the paid membership game.
Target stops selling product dedicated to Civil Rights icons after TikTok video shows errors
Read full article: Target stops selling product dedicated to Civil Rights icons after TikTok video shows errorsTarget says it will stop selling a product dedicated to Civil Rights icons after a now-viral TikTok video spotlighted some significant errors.
The secret life of gift cards: Here's what happens to the billions that go unspent each year
Read full article: The secret life of gift cards: Here's what happens to the billions that go unspent each yearAmericans are expected to spend nearly $30 billion on gift cards this holiday, according to the National Retail Federation.
What stores are open and closed on Christmas Day in 2023? Hours for Walmart, Kroger, CVS and more
Read full article: What stores are open and closed on Christmas Day in 2023? Hours for Walmart, Kroger, CVS and moreWith Christmas right around the corner, you might want to check the list of what stores are open (and closed) twice.
Amazon, Target and more will stop selling water beads marketed to kids due to rising safety concerns
Read full article: Amazon, Target and more will stop selling water beads marketed to kids due to rising safety concernsThree major U.S. retailers — Amazon, Target and Walmart — say they’re suspending sales of water-bead products marketed to young children due to growing safety concerns.
Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenue
Read full article: Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenueMacy’s third-quarter sales declined as consumers remain cautious on their spending, but the results and its adjusted profit both topped Wall Street’s expectations.
Target tops third quarter profit expectations, but inflation weighs on shoppers
Read full article: Target tops third quarter profit expectations, but inflation weighs on shoppersTarget on Wednesday reported a hefty third-quarter profit increase that handily beat Wall Street expectations, benefiting from efforts to hold down costs.
Stock market today: Asian shares fall over China-US jitters following Biden's meeting with Xi
Read full article: Stock market today: Asian shares fall over China-US jitters following Biden's meeting with XiAsian shares have retreated after Wall Street added a bit more to its big rally from a day before.
Target to close 9 stores, including 3 in the San Francisco Bay Area, citing safety concerns
Read full article: Target to close 9 stores, including 3 in the San Francisco Bay Area, citing safety concernsTarget says it's closing nine stores in four states, including one in New York City’s East Harlem neighborhood, and three in the San Francisco Bay Area.
Retail sales rise 0.6% in August largely due to a spike in gas prices
Read full article: Retail sales rise 0.6% in August largely due to a spike in gas pricesAmericans stepped up retail spending modestly from July to August as the price of gasoline jumped, cutting into budgets as many families send their kids off to school.
Wholesale price inflation accelerated in August from low level
Read full article: Wholesale price inflation accelerated in August from low levelU.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve.
Target Q2 sales fall on muted spending, Pride month backlash, and it cuts profit outlook for 2023
Read full article: Target Q2 sales fall on muted spending, Pride month backlash, and it cuts profit outlook for 2023Target reported its first quarterly sales drop in six years, dragged down by shoppers' inflation worries and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise.
Another Threshold candle recall? Target recalls 2.2 million products over burn and laceration risks
Read full article: Another Threshold candle recall? Target recalls 2.2 million products over burn and laceration risksIt’s time to check your candle supply again. According to a Thursday notice from federal regulators, Target is recalling 2.2. million candles due to laceration and burn hazards.
GOP attorneys general shift the battle over affirmative action to the workplace
Read full article: GOP attorneys general shift the battle over affirmative action to the workplaceThirteen Republican state attorneys general are cautioning CEOs of the 100 biggest U.S. companies on the legal consequences for using race as a factor in hiring and employment practices.
Consumers are spending, but Wall Street and businesses expect a tighter squeeze ahead
Read full article: Consumers are spending, but Wall Street and businesses expect a tighter squeeze aheadMacy’s, Target and Dollar General are warning investors their sales will suffer this year as consumers shift spending to essentials.
Pride becomes a minefield for big companies, but many continue their support
Read full article: Pride becomes a minefield for big companies, but many continue their supportDozens of big companies from Delta and Coca-Cola to Walmart are sponsoring LGBTQ+ Pride events and displaying racks of Pride-themed merchandise.
Pride Month: Anti-LGBTQ+ group protests outside Target in Miami’s Midtown
Read full article: Pride Month: Anti-LGBTQ+ group protests outside Target in Miami’s Midtown“Boycott Target,” a two-minute track by Kurt Jantz, better known as rapper Forgiato Blow, shot to number one on iTunes’ Top Ten Chart this week.
LGBTQ+ activists call for new strategies to promote equality after Target backlash
Read full article: LGBTQ+ activists call for new strategies to promote equality after Target backlashActivists in the LGBTQ+ community are calling for new ways to mobilize against threats to their long fight for equality.
Why is Target pulling some Pride merch? The retailer’s response to hostile backlash, explained
Read full article: Why is Target pulling some Pride merch? The retailer’s response to hostile backlash, explainedTarget is removing some items and making other changes to its LGBTQ+ merchandise nationwide after intense backlash from some shoppers ahead of Pride month.
Target becomes latest company to suffer backlash for LGBTQ+ support, pulls some Pride month clothing
Read full article: Target becomes latest company to suffer backlash for LGBTQ+ support, pulls some Pride month clothingTarget is removing certain items from its stores and making other changes to its LGBTQ+ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers.
Walmart shines in rough retail environment, ratchets up outlook after strong first quarter
Read full article: Walmart shines in rough retail environment, ratchets up outlook after strong first quarterWalmart reported strong first-quarter sales results as the nation’s largest retailer’s low-prices continue to draw budget conscious consumers in a challenging economic environment of stubbornly high inflation.
Target wrestles with pullback in spending and theft that may cost retailer more than $1B this year
Read full article: Target wrestles with pullback in spending and theft that may cost retailer more than $1B this yearTarget has reported another quarterly profit decline and issued a cautious sales and profit outlook for the current period.
Do you really need that individual stock?
Read full article: Do you really need that individual stock?Individual stocks end up in portfolios for various reasons—possibly some speculation along the way, maybe inherited from a family member and kept for sentimental reasons, purchased many years ago and now with a cost basis so low that selling the stock would incur high taxes, or through acquisition of company stock options.
Deputies release bodycam video of man attempting to steal electric scooter from Target
Read full article: Deputies release bodycam video of man attempting to steal electric scooter from TargetAuthorities released body camera footage Thursday of a man that was attempting to steal an electric scooter from a Target store in Flagler County on Monday afternoon.
Tepid outlook from Target after 3rd quarterly profit dip
Read full article: Tepid outlook from Target after 3rd quarterly profit dipTarget said it plans to invest $4 billion to $5 billion this year to expand its services including a drive up service for returns as well as renovate 175 of its existing stores and speed up its online delivery.
Nebraska man who shot inside Target got rifle 4 days earlier
Read full article: Nebraska man who shot inside Target got rifle 4 days earlierPolice say the man who was fatally shot by police after entering a Target store in Omaha, Nebraska, armed with an AR-15-style rifle had obtained the weapon just four days earlier at a sporting goods store.
US retail sales rose 1.3% last month, a sign of resilience
Read full article: US retail sales rose 1.3% last month, a sign of resilienceAmericans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates.
Target's 3Q profit drops 52% as shoppers force price cuts
Read full article: Target's 3Q profit drops 52% as shoppers force price cutsAn unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third quarter profits at Target down 52% after it was forced to slash prices for Americans who are feeling the squeeze of inflation.
Target takes a hit after heavy discounts to clear inventory
Read full article: Target takes a hit after heavy discounts to clear inventoryTarget has reported solid sales for the fiscal second quarter but its profits plunged nearly 90% because it slashed prices to clear unwanted inventories of clothing, home goods and other discretionary items.
Indian government approves new emissions targets
Read full article: Indian government approves new emissions targetsNine months after India announced its target of “net zero” emissions by 2070 at the United Nations climate conference in Glasgow, the country’s federal cabinet finally approved a new climate plan on Wednesday.
US growth in Q4 revised lower to 6.9%, slower growth to come
Read full article: US growth in Q4 revised lower to 6.9%, slower growth to comeThe U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates.
Target to invest up to $5 billion to fuel more growth
Read full article: Target to invest up to $5 billion to fuel more growthTarget will invest up to $5 billion this year in physical stores, new brands and expanding its online fulfilment as the discounter continues to drive sales growth and differentiate itself from rivals.
Target seeks to entice workers with pay of up to $24 an hour
Read full article: Target seeks to entice workers with pay of up to $24 an hourWorkers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year.
Minnesota State Patrol purged messages after Floyd protests
Read full article: Minnesota State Patrol purged messages after Floyd protestsCourt testimony shows that the Minnesota State Patrol purged emails and text messages immediately after protests over the death of George Floyd during which the agency is accused of targeting journalists.
With sales still surging, Best Buy raises prospects for 2021
Read full article: With sales still surging, Best Buy raises prospects for 2021Best Buy Co. is raising its full-year sales outlook after the nation’s largest consumer electronics chain posted fiscal second-quarter results that beat analysts’ projections.
Target relaja requisito de máscaras en tiendas de todo Estados Unidos
Read full article: Target relaja requisito de máscaras en tiendas de todo Estados UnidosTarget ya no requiere que los clientes y empleados completamente vacunados usen cubiertas faciales a menos que lo requieran las ordenanzas locales, anunció la compañía el lunes.
Target lanza iniciativa para impulsar igualdad racial
Read full article: Target lanza iniciativa para impulsar igualdad racialLa cadena de moniristas Target, agregará una amplia gama de productos obtenidos de más de 500 comercios propiedad de negros e incrementará su gastos en otras compañías de diversos tipos, desde mercadeo hasta construcción
Jump in hiring fuels optimism for US economic recovery
Read full article: Jump in hiring fuels optimism for US economic recoveryThat is down dramatically from 14.8% last April, just after the virus erupted in the United States. AdAlso hiring last month were retailers, which added 41,000 jobs, health care companies, with 46,000, and manufacturers, with 21,000. But state and local governments have slashed 1.4 million jobs since the pandemic erupted, including 86,000 last month, and most have instituted hiring freezes. The Congressional Budget Office projects the nation will add a substantial 6.2 million jobs this year. Sounding an optimistic note, he said: “There’s good reason to expect job creation to pick up in the coming months."
Target powers through a pandemic; 2020 sales growth explodes
Read full article: Target powers through a pandemic; 2020 sales growth explodesFILE - In this April 6, 2020 file photo, a customer wearing a mask carries his purchases as he leaves a Target store during the coronavirus pandemic, in the Brooklyn borough of New York. The moves come as Target extended its sales streak through the holiday quarter and sales grew by more than $15 billion. Online sales soared 118%. In the previous quarter, same-store sales rose 10%, while online sales spiked 155%. Late last year, it signed a deal with beauty chain Ulta Beauty that will place Ulta shops in more than 100 Target stores by mid-2021.
US jobless claims at 730K, still high but fewest in 3 months
Read full article: US jobless claims at 730K, still high but fewest in 3 monthsThe Federal Reserve says theres evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. Jobless claims declined by 111,000 from the previous week to a seasonally adjusted 730,000, the Labor Department said Thursday. Still, before the virus erupted in the United States last March, weekly applications for unemployment benefits had never topped 700,000. The latest figures coincide with a weakened job market that has made scant progress in the past three months. AdAll told, 19 million people were receiving unemployment aid as of Feb. 6, up from 18.3 million the previous week.
Federal Reserve sees modest pickup in hiring this month
Read full article: Federal Reserve sees modest pickup in hiring this monthThe Federal Reserve says theres evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. (AP Photo/Steven Senne, File)WASHINGTON – The Federal Reserve says there's evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. In its semi-annual monetary policy report released Friday, the Fed said it has been watching job data compiled by payroll processor ADP. AdThe report will form the basis for Federal Reserve Chair Jerome Powell's testimony next week before committees in the House and Senate. Hiring has stalled in the past three months, with job gains averaging just 90,000 a month from November through January.
US consumer prices up 0.3% in January, led by energy spike
Read full article: US consumer prices up 0.3% in January, led by energy spikeU.S. consumer prices were unchanged in October, the lowest reading in five months and an indication that the price spike seen this summer is beginning to fade as coronavirus cases start to increase. (AP Photo/Rogelio V. Solis)WASHINGTON – U.S. consumer prices rose 0.3% in January, led by a surge in energy. But even though the gain was the biggest monthly increase since July, inflation gains over the past year have remained modest. Core inflation, which excludes volatile food and energy costs, is also up 1.4% with core prices unchanged in January. “Consumer price inflation remains very tame,” said Kathy Bostjancic, chief U.S. financial economist at Oxford Economics, predicting that the upcoming rise in year-over-year inflation figures should be transitory.
Biden boosting vaccine allotments, financing for virus costs
Read full article: Biden boosting vaccine allotments, financing for virus costsStarting next week, 1 million doses will be distributed to some 6,500 pharmacies across the country, the White House said. The administration is also boosting by 500,000 the weekly allocation of vaccines sent directly to states and territories for the coming weeks, up to 10.5 million. It is allowing state and local governments to receive additional federal dollars to cover previously incurred expenses relating to the pandemic. The number of participating pharmacies and the allocation of vaccines are expected to accelerate as drug makers increase production. The Biden administration has sought to increase certainty to state governments on their upcoming allocations to streamline deliveries and prevent stockpiling of second doses for the two-dose regimens.
Retail group: holiday sales up 8.3% amid big spending shift
Read full article: Retail group: holiday sales up 8.3% amid big spending shiftThe nations largest retail trade group says Friday, Jan. 15, 2021, that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores. (AP Photo/Rogelio V. Solis, File)NEW YORK – The nation’s largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores. The retail sales figures exclude sales from autos, restaurants and gas. The non-seasonably adjusted holiday figures, contrast with a downbeat report Friday from the Commerce Department that retail sales fell a seasonally adjusted 0.7% in December from the month before. However, the government reported a 3.7% retail sales gain in November and a 2.9% gain in December compared to the year-ago periods.
U.S. retail sales fell in December for 3rd straight month
Read full article: U.S. retail sales fell in December for 3rd straight monthA sale sign is displayed near the entrance of a Hallmark store Tuesday, Jan. 12, 2021, in Orlando, Fla. Retail sales fell for a third straight month, as a surge in virus cases kept people away from stores and restaurants during the holiday shopping season. The U.S. Commerce Department said Friday that retail sales fell a seasonally adjusted 0.7% in December from the month before, a decline Wall Street analysts weren't expecting. The Commerce Department said sales even fell online, down nearly 6% after rising 19% for the year. At restaurants and bars, sales fell 4.5% in December as states restricted in-person dining, ending the year down 21%. The nation’s largest retail trade group said that when car, restaurant and gas sales are taken out, and when non-seasonably adjusted numbers are compared from a year ago instead of month to month, sales in November and December actually rose 8.3% from the year before.
Target continues to thrive in whirlwind retail environment
Read full article: Target continues to thrive in whirlwind retail environmentTargets strong sales streak extended through the holiday season, as shoppers snapped up everything from clothing to home goods during the pandemic. The Minneapolis company reported Wednesday, Jan. 13, 2021, that its online sales surged 102% for the November and December period. The retailer reported Wednesday that online sales surged 102% between November and December. Even with the push online, Target's 1,900 locations have become an even greater strength as infections surged and people tried to stay home. Tiffany & Co. last week reported a 2% gain in preliminary holiday sales, helped by strong sales in China and online.
Family of suspect releases statement in Cleveland Clinic worker abduction, rape
Read full article: Family of suspect releases statement in Cleveland Clinic worker abduction, rapeWESTON, Fla. – The family of the suspect in custody for the abduction, assault and rape of a Cleveland Clinic healthcare worker released a statement Sunday. A statement was released Sunday on behalf of the family, which read:“The family’s thoughts and prayers are currently with the victim, the victim’s family, and with Joel. They would like to thank the Broward Sheriff’s Office, Det. The family has no other comment at this time.”The carjacking happened at the Weston hospital campus parking lot at 2950 Cleveland Clinic Boulevard around 7:30 a.m. Saturday. A Sunpass camera captured this photo of the suspect who Broward Sheriff's Office investigators are looking for who they say abducted and raped a healthcare worker from the Cleveland Clinic in Weston.
Man wanted for stealing from 40+ stores up and down South Florida, detectives say
Read full article: Man wanted for stealing from 40+ stores up and down South Florida, detectives sayAuthorities say he has committed over 40 thefts at Target and Home Depot stores throughout South Florida over the past three months. Jose Luis Cruz Jr. is accused of taking over $80,000 in value from the stores since Sept. 26, investigators say. Watch surveillance video:The stores that have been hit are located in Miami-Dade, Broward, Palm Beach and St. Lucie counties. Detectives said they have surveillance video for most of the crimes. If you have information, you are asked to call Broward Crime Stoppers at (954) 493-8477 or visit browardcrimestoppers.org.
Sephora to take over cosmetics in Kohl's stores
Read full article: Sephora to take over cosmetics in Kohl's storesNEW YORK – Sephora will be replacing all cosmetics areas at Kohl's with 2,500 square foot shops, starting with 200 locations in the fall of year. Earlier this month, Target said it would be opening Ulta Beauty shops in more than 100 stores next year. J.C. Penney said its developing its own cosmetics area to replace Sephora when that agreement ends. Rougeot said Sephora was attracted to Kohl's because of its network of 1,100 stores, mostly outside of malls. The Sephora shops, which will feature about 100 brands, will be at the front of Kohl's stores.
Target gains steam heading into crucial holiday season
Read full article: Target gains steam heading into crucial holiday seasonThe Minneapolis company reported Wednesday that its online sales surged 155% in the three months that ended Oct. 31. It joined Walmart and Home Depot in reporting strong third quarter sales. Last week, Target announced a deal with nation’s largest beauty store chain, Ulta Beauty, that will place Ulta shops in more than 100 Target stores by mid-2021. During the latest quarter, drive-up sales increased more than fivefold, while order pickup continues to increase with more than a 50% increase. Target is pushing shoppers to start early this holiday season to avoid a crush of customers online and in stores during the pandemic.
Ulta to open beauty shops at 100 Target stores in 2021
Read full article: Ulta to open beauty shops at 100 Target stores in 2021FILE - In this Nov. 5, 2020 file photo, women walk to an Ulta Beauty store in Schaumburg, Ill. The nations largest beauty chain has a deal to place shops in more than 100 Target stores by mid-2021. Ulta Beauty and Target said Tuesday, Nov. 10 that the shops will be located next to Targets existing beauty sections. (AP Photo/Nam Y. Huh, File)NEW YORK – The nation's largest beauty store chain, Ulta Beauty, has a deal to place shops in more than 100 Target stores by mid-2021. “More than ever before, now is the time for innovation in retail,” said Mary Dillon, CEO of Ulta Beauty.
Pandemic pushes start of holiday shopping earlier than ever
Read full article: Pandemic pushes start of holiday shopping earlier than ever(AP Photo/David Zalubowski)NEW YORK – Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic. Black Friday has long been the unofficial start to the U.S. holiday season, though retailers have been pushing holiday shopping earlier for the last decade or so. The first big holiday push will come from Amazon, which is positioning its mid-October Prime Day as a kickoff to the holiday shopping season. Even with the early start to the season, holiday sales are expected to deliver smaller gains than in recent years. Joel Bines, who runs the retail practice at AlixPartners, thinks the earlier shopping will stick even when the pandemic is over.