Target Lands in Culture-War Crosshairs Over Pride Month
The retailer’s halt to its sale of some Gay Pride items fuels criticism it gave in to pressure from anti-LGBT...
Mixed Retailing
Bargain Hunters Turn to Walmart, Boosting Sales
The nation’s largest retailer said sales from stores and digital channels operating at least 12 months grew 7.4% for the...
The Glory Days of the American Mall
In the 1980s, malls weren’t just planters and parking lots but a way of life. Source link
This Department-Store Stock Has Trounced Apple, Amazon and Tesla
Family-controlled Dillard’s has combined share buybacks with keeping costs down, inventory tight and staff engaged with “nearly fanatical” customers. Source...
Macy’s, Best Buy Sales Decline, Reflecting Shopper Pullback
Macy’s said its sales were down 4.6% in the fourth quarter, and Best Buy said its U.S. sales for the...
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit
The oil company banked historic profit last year as the pandemic receded and the war in Ukraine pushed oil prices...
Lululemon Shares Tumble on Profit Warning for Holiday Quarter
The athletic-gear maker’s earnings targets came in below Wall Street’s expectations. Source link
Retailers Need a Last-Minute Holiday Gift From Shoppers
Discounts are back as stores try to entice cost-conscious customers. The strategy hinges on a final flurry of shopping this...
Costco Sales Growth Cools as Consumers Shift Discretionary Spending
The warehouse retailer posts a year-over-year increase in membership fees. Source link
Layoffs Hit White-Collar Workers as Amazon, Walmart, Others Cut Jobs
BusinessRecent wave of job cuts marks departure from previous downturns when blue-collar workers were shed first Source link
Kroger, Albertsons CEOs Defend Grocery Merger at Senate Hearing
The companies’ CEOs are likely to face questions on how the proposed $20 billion deal would affect competition and shoppers....
Best Buy, Dick’s Ease Fears About Holiday Spending
The retailers posted mixed quarterly results but said sales wouldn’t fall as much as expected. Source link
Macy’s, Kohl’s Sales Drop as Shoppers Delay Holiday Buying
Both department store chains said the outlook for the important year-end quarter remained uncertain. Source link
Walmart Is Flexing Its Muscle Again
America’s biggest retailer has a new message for its suppliers: We’re not going to pay higher prices anymore.Walmart Inc. Chief...
Kohl’s CEO Michelle Gass Resigns to Join Levi Strauss
CEO Michelle Gass has been under attack from activist investors for sales declines and a steep drop in the department-store...
JPMorgan, Macy’s and Other Companies Reveal What They Pay Workers as Deadline Looms
New York City employers are starting to comply with a new salary transparency law taking effect this week that will...
Want to Get Ahead? Pick the Right Company
Retail workers at Gap Inc. GPS 3.25% are significantly more likely to become managers than at other companies in their...
Target to Hire Up to 100,000 Workers for Holiday Shopping Season
With the holiday shopping period on the horizon, Target and other retailers are poised to deal with softened demand, some...
Choosing Your Own Hours Isn’t Just for Remote Workers Anymore
It isn’t just remote workers who have gained leverage over when they work.Shift workers such as assemblers and hotel maids...
Inventory Pileup, Uneasy Shoppers Put Retailers in Jeopardy
For retailers, it is a season of discontent.From Walmart Inc. to Nordstrom Inc., retailers have a glut of inventory and...
