Retailers are in for a mixed holiday season this year, marked by watchful consumers keeping big spending on a tight leash and vigilantly comparing prices on their mobile phones.
Target reported earnings Wednesday that came in well below Wall Street’s expectations, which the big retail chain blamed on slower than expected demand.
Following complaints of an inappropriate, “accidental” misspelling on their new doll packaging directed young consumers to a pornographic website, toy manufacturer Mattel has apologized for the misprint on its packaging, which was inspired by the 2024 “Wicked” movie.
Target is slashing prices on over 2,000 items across different categories in a bid to offer more discounts to cash-strapped customers as the holiday season approaches.
Democrat mayor of Dolton, Illinois, Tiffany Henyard, whom residents have dubbed “the worst mayor in America,” has officially announced that she is running for re-election.
The FTCwill argue Kroger’s $25 billion merger with rival grocer Albertsons is bad for shoppers and workers when the agency’s lawsuit goes to trial in federal court.
Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year.
The Dow jumped over 500 points and the Nasdaq increased 2% on Thursday as retail sales data indicated resilient consumer spending, somewhat calming fears of a possible recession.
Companies across several industries were hit on Friday by a global tech outage tied to Microsoft’s Azure cloud platform and a software issue.
Shoppers spent about $7.2 billion online across retailers during the first day of Amazon’s Prime Day.