3 Must-Know Trends to Watch in This Week’s Retail Earnings Reports
It’s a big earnings week for retailers. Tomorrow, department store chains Kohl’s Inc. and J.C. Penney Inc. are due to post their sales and profits for the first quarter, while Wednesday will see the...
View ArticleTarget’s Booming Digital Business Is Motivating it to Open More Stores
Shares for Target Corp. are jumping in pre-market trading this morning after the company posted first-quarter profits that blew past forecasts as it reaps the rewards of an accelerated omnichannel...
View ArticleTarget’s New Parental Leave Policy Shows How Heated the Competition for...
In the race for retail workers, Target is betting that new benefits will put it ahead of the competition. On Monday, the company announced an expanded parental leave and childcare policy that will...
View ArticleTarget Suffers System Outage and Registers Are Down — Here’s How Customers...
Target customers aren’t happy after registers shut down at stores across the globe on Saturday afternoon. The retail giant confirmed the news after a torrent of comments on social media, where hundreds...
View ArticleIn the Amazon Era, Why Target Can’t Afford to Have Another Massive Tech Issue
When it comes to technical glitches, Target Corp. couldn’t catch a break over the weekend. Scores of the chain’s shoppers took to social media on Saturday to bemoan a two-hour long cash register outage...
View ArticleTarget CEO Apologizes to Customers for Widespread System Outage
After a widespread system outage over the weekend, Target CEO Brian Cornell has issued an apology to affected customers. In an interview on CNBC’s “Squawk Box,” the executive addressed the technical...
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Do Stores Have Too Much Tech? What Does and Doesn’t Work
When Aldo added touch-screen tablets to its stores more than a decade ago, allowing customers to scan and request styles from the stockroom themselves, it expected the technology to replace much of the...
View ArticleShould More Retailers Open Up Shop On College Campuses?
As retailers continue to make adjustments amid a changing landscape, some have set their eye on a new target: college campuses. College students are buying than ever before, per the National Retail...
View ArticleTarget Sets Sights on Wide-Width Shoe Customers With Trend-Driven Women’s Styles
Target is going after a new demographic — the wide-width customer. The company has announced its plan to increase its current offering of women’s shoes in the category available at both Target stores...
View ArticleTarget Launches ‘Deal Days’ Program to Compete With Amazon Prime Day
Target is out to give Amazon Prime Day a run for its money. The retailer announced its own sale called Target Deal Days, held on July 15 and 16 — the same 48-hour window in which Prime Day will take...
View ArticleWalmart and Other Retailers Offer Support to FTC’s Antitrust Probe of Amazon
Amazon’s rivals have expressed concerns over the dominance of major tech companies, offering to help officials in their antitrust investigation of the retail giant. In a letter addressed to the Federal...
View ArticleAmazon Prime Day Wars: Do Competing Sales Really Work?
In just four years, Amazon has turned Prime Day into an industrywide shopping event that no one – especially its biggest rivals — can ignore. On Monday, just as the e-commerce giant began its 48-hour...
View ArticleUgg Sued Walmart Two Months Ago; Now It’s Suing Target
Two months after Deckers Outdoor Corp. sued Walmart for allegedly copying its popular Ugg boot design, the sheepskin shoemaker’s parent company is attempting to take two other major retail players to...
View ArticleTarget Brings Back Collabs With Hunter, Isaac Mizrahi & More Designers for...
Target is in a celebratory mood these days. The retailer is marking the 20th anniversary of its first designer partnership by opening its archives to offer consumers a limited-edition collection...
View ArticleDepartment Store Stocks Down as Macy’s Q2 Miss Spells Trouble for Retail
Department store stocks are feeling the heat amid Macy’s Inc.’s dismal second-quarter earnings results. The retailer posted adjusted earnings of 28 cents per share on profits of $86 million — a wide...
View ArticleTop CEOS from Macy’s, Target and Walmart Send a Striking Message to Their...
More than 180 CEOs at some of the largest and most recognized corporations in the United States are changing the ways they do business. In a statement released today, the Business Roundtable — counting...
View ArticleTarget Stock Surges on Stellar Q2 Earnings as Omnichannel Investments Pay Off
Target’s shares are surging more than 17% in Wednesday premarket trading following a stellar earnings report that saw the retailer hike its outlook for the full year. During the second quarter, the...
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Retail’s Most Effective Leaders Have These Skills in Common
Depending on who you ask, there’s never been a better — or worse — time to be a leader in fashion retail. On one hand, digital disruption — from e-commerce pure plays and DTC pioneers — along with a...
View ArticleIf Nordstrom Isn’t Winning, Do Any of Its Department Store Rivals Stand a...
Nordstrom’s stock enjoyed a much-needed boost Wednesday after second-quarter profits topped analysts’ forecasts, but make no mistake: The retailer is still on rocky footing. Full-price sales slid 6.5%,...
View ArticleGrading Back to School: Mixed-Bag for Retailers + Nike Rules Sneakers
Each week this summer, FN is offering a roundup of essential news, data and analysis about the important back-to-school (BTS) selling season. BTS Is a Bright Spot Early forecasts for back-to-school...
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