Annex Wealth Management
Target raises 2024 profit forecast as price cuts draw shoppers
Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year.
14 billion pounds of trash
Mayor Eric Adams Reveals First Official N.Y.C. Trash Bin, Announces New Trash Can Rule
Mayor Eric Adams, along with Department of Sanitation Commissioner Jessica Tisch, revealed New York City’s first official trash bin outside of Gracie Mansion.
bankruptcy
Bob’s Stores Retail Chain Closing All Locations After 70 Years Of Business
Bob’s Stores, a clothing store chain located in the northeast that has been in business for the past 70 years, will be closing all of its locations in the U.S.’s latest retail casualty.
China
Analyzing How Temu’s E-Commerce Model Threatens U.S. Patent Holders, Tracks Consumers
The Chinese e-commerce site Temu continues to advertise its products, but many point out how the retailer copies designs from countless U.S.-based retailers, and the company is facing two lawsuits over separate matters.
22% surge
Target, Walmart shoppers seek home goods, grocery delivery online
U.S. online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump.
America
Walmart Cutting Hundreds Of Corporate Jobs, Relocating Majority Of Remote Workers To HQ
Walmart announced on Tuesday that it’s planning to cut hundreds of jobs at its corporate headquarters and will relocate a majority of its U.S. and Canada-based remote employees to three offices.
Business
US small-business sentiment slides to lowest level in more than 11 years
NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.
CEO
99 Cents Only Stores To Close All Locations Across U.S.
After being open for over 40 years, 99 Cents Only Stores will soon close all of its locations permanently.
ambulatory health care services
US job growth accelerates in December; wage gains solid
U.S. employers hired more workers than expected in December while raising wages at a solid clip.
Body Positivity
Victoria’s Secret Refocuses On ‘Sexiness’ To Boost Plummeting Sales
Victoria’s Secret, an American lingerie chain, is reportedly ditching its “woke feminist” rebrand and reprioritizing “sexiness” in an effort to bring back profitability.