Target on Wednesday missed quarterly sales expectations and slashed its full-year forecast, as it again had trouble convincing shoppers to buy more than necessities. The big-box retailer cut both its […]
Cava shares surge as Mediterranean restaurant chain swings to a profit in first report since IPO
A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York […]
Home Depot beats earnings expectations, but says consumers are still pressured
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty Images Home Depot topped earnings […]
Major retailers bring $14 billion in revenue to Black-owned brands
Major retailers and brands have driven $14 billion in revenue to Black-owned businesses since May 2020. In the last three years, Nordstrom, Macy’s, Sephora, Ulta Beauty and 25 others have […]
Retailers are shaping a wave of laws to crack down on organized theft — here’s how they do it
This is the final part of a three-part series on organized retail crime. The stories examine the claims retailers make about how theft is impacting their business and the actions […]
Custom art, air purifiers and TikTok: College-spending boom could boost retailers’ sales this fall
People walk on the campus of the University of North Carolina Chapel Hill on June 29, 2023 in Chapel Hill, North Carolina. Eros Hoagland | Getty Images Over the past […]
The robots are coming — and the companies building them are looking for workers
There’s no denying automation will eliminate certain jobs in the coming years. But as companies adopt robots on manufacturing floors, in kitchens and on delivery routes, workers have a growing […]
No more freebies: Companies crack down on customer perks and rewards
Shoppers at Brickell City Centre in Miami, Florida, US, on Wednesday, June 14, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images It’s not your imagination: Companies are getting stingier […]
CVS beats on earnings and revenue as the company slashes costs
A customer exits a CVS Health Corp. store in Oakland, California, U.S., on Friday, Aug. 2, 2019. Michael Short | Bloomberg | Getty Images CVS Health on Wednesday reported second-quarter […]
Airlines cancel 10,000 flights during severe winter storms and scramble to rebook holiday travelers
An American Airlines plane is de-iced as high winds whip around 7.5 inches of new snow at Minneapolis-St. Paul International Airport Thursday, December 22, 2022. Star Tribune Via Getty Images […]