INSIDER
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.
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 are a bit more cloudy
Read full article: US consumers remain confident, but their feelings about the near future are 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.
Target, Amazon among several retailers vowing to stop sale of water beads to children
Read full article: Target, Amazon among several retailers vowing to stop sale of water beads to childrenSeveral companies, including Target, Amazon and Walmart, have said they will stop selling and marketing water beads to children after pressure from a Consumer Reports investigation.
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.
Water beads linked to thousands of ER visits
Read full article: Water beads linked to thousands of ER visitsWater beads are marketed as safe sensory toys for children over three. But, they've been linked to thousands of emergency room visits and at least one death in the U.S. Last week's recall of one toy is not enough, a San Antonio mother says.
Water beads sold at Target recalled after report of baby’s death
Read full article: Water beads sold at Target recalled after report of baby’s deathThousands of Chuckle and Roar water bead kits have been recalled, but a San Antonio mother whose daughter was injured by a similar product wants them banned as toys.
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.
Man arrested after trying to kidnap woman at Target store in East Texas, officials say
Read full article: Man arrested after trying to kidnap woman at Target store in East Texas, officials sayA 22-year-old man is in custody after he tried to kidnap an 18-year-old woman at a Target store in East Texas, according to a report from KSAT’s sister station in Houston, KPRC.
Target recalls 2.2 million candles over burn and laceration risks
Read full article: Target recalls 2.2 million candles 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.
July sales heat up as retailers launch summer events
Read full article: July sales heat up as retailers launch summer eventsJuly is fast becoming a month steeped in shopping deals. Amazon, Walmart, Target and other retailers launch summer events, and Consumer Reports finds top-tested products on deep discounts.
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.
84-year-old man arrested for repeated bond violations after hosting drunken parties for underage victims
Read full article: 84-year-old man arrested for repeated bond violations after hosting drunken parties for underage victimsAn 84-year-old man who has repeatedly violated his bond conditions and was reprimanded Wednesday at the Bexar County courthouse after he allegedly took someone he wasn’t supposed to have contact with to Target.
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.
What’s open, closed on Easter Sunday in the San Antonio area
Read full article: What’s open, closed on Easter Sunday in the San Antonio areaRunning out of Easter Candy or just tired of cooking? On Easter Sunday, some of you may be wondering where exactly a bunny can hop to for a bite to eat or errands.
Social media prank turns dangerous at Target store, sending California woman to hospital
Read full article: Social media prank turns dangerous at Target store, sending California woman to hospitalWhat started as a casual Sunday stroll through a Target store quickly turned into a terrifying health scare for a California woman after a social media prank went wrong, according to Tustin police.
Tepid outlook from Target after 4th quarterly profit dip
Read full article: Tepid outlook from Target after 4th quarterly profit dipTarget plans to invest as much as $5 billion this year expanding services for customers, including a drive up service for returns, renovations at 175 stores and improvements in online shopping.
Armed man shot inside Target got rifle 4 days earlier
Read full article: Armed man 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.
South Texas Latina-owned business makes national debut at Target for Hispanic Heritage Month
Read full article: South Texas Latina-owned business makes national debut at Target for Hispanic Heritage MonthAfter years of hard work and dedication, a small South Texas Latina-owned business has made its national debut with hopes of inspiring Latinos across the U.S with its exclusive new collection at Target stores.
Target profit plunges nearly 90% after heavy discounts to clear inventory
Read full article: Target profit plunges nearly 90% 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.
Stop using certain adult bed rails, CPSC warns after three deaths
Read full article: Stop using certain adult bed rails, CPSC warns after three deathsFederal safety regulators are warning consumers to stop using portable bed rails for adults from Mobility Transfer Systems following deaths of three elderly people.
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.
Man who assaulted young women at Stone Oak Target may be involved in similar attacks at SA stores, affidavit says
Read full article: Man who assaulted young women at Stone Oak Target may be involved in similar attacks at SA stores, affidavit saysA man has been arrested in connection with the assaults of at least two young women at San Antonio-area Target stores, records show.
Stressed about holiday shopping? These strategies can help
Read full article: Stressed about holiday shopping? These strategies can helpThe holiday hustle is on. If supply chain issues and microchip shortages have you stressed and worried you won't be able to find what you want, some smooth moves can ease your mind and to-do list.
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.
Here’s how to navigate Amazon’s Prime Day to maximize savings
Read full article: Here’s how to navigate Amazon’s Prime Day to maximize savingsAmazon is promising two days of epic deals during its Prime Day, and competitors are getting in on the summer sales. It's a win for shoppers as long as you look for the real deals and don't just follow the hype.
These San Antonio grocery stores are helping you beat the heat with delivery, curbside services
Read full article: These San Antonio grocery stores are helping you beat the heat with delivery, curbside servicesLong lines and crowded aisles at the grocery store can get old real quick. It leaves you wondering if there’s a simpler way to get your shopping out the way without all the added stress of wait times and bumping into strangers as you make your way to the register.
These businesses, San Antonio places have dropped their mask mandates for fully vaccinated people
Read full article: These businesses, San Antonio places have dropped their mask mandates for fully vaccinated peopleNew mask guidance released by the Centers for Disease Control and Prevention last week has consumers wondering if they still need to mask up if they’re heading into a store or attraction.