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News
US shoppers tighten budgets, but still find room for treats and splurges
3+ week, 2+ day ago (726+ words) By Juveria Tabassum and Anuja Bharat Mistry Aug 21 (Reuters) – Walmart’s disappointing sales and Home Depot’s strength among budget-conscious do-it-yourselfers indicate middle-class American consumers are growing more tight-fisted, even as wealthier shoppers have kept supporting luxury brands like Ralph Lauren. Earnings…...
Analysis-Target's grocery bet is paying off. Now it must get shoppers beyond the snack aisle
3+ week, 4+ day ago (621+ words) By Nicholas P. Brown and Juveria Tabassum Food and beverage sales grew 7% in Target’s quarter ended August 1, building on gains in the prior period after many quarters of tepid growth, as new CEO Michael Fiddelke pushes to make grocery a bigger…...
Target???s comeback quarter: New merchandise, more shoppers and a $994M tariff refund
3+ week, 4+ day ago (681+ words) Comparable sales — those coming from stores and digital channels operating for at least 12 months —rose 3.8% in the second quarter. The company also upgraded its annual profit and sales outlook, citing the solid performance during the first half of the year....