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Tag: Target Corp

Black Friday is ‘bigger than it ever was,’ former Toys R Us CEO says

Black Friday is “bigger than it ever was,” although consumers are shifting when, where and how they shop, former Toys R Us CEO Gerald Storch told CNBC on Wednesday, dismissing those who say the frenzy is dying down. In an appearance on “Power Lunch,” Storch pointed out that the after-Thanksgiving extravaganza has become a three-day …

Black Friday is ‘bigger than it ever was,’ former Toys R Us CEO saysRead More

Holiday shoppers have more return options thanks to UPS, CVS, Amazon

Amazon.com Inc. parking signage stands outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019. Kyle Grillot | Bloomberg | Getty Images Traditional return options just aren’t doing it for shoppers anymore. Consumers want more convenient and flexible choices, including more in-store returns for online purchases and designated locations …

Holiday shoppers have more return options thanks to UPS, CVS, AmazonRead More

Black Friday is losing its clout, more bad news for department stores

Black Friday isn’t quite the deal frenzy it used to be. Retailers have been touting bargains for weeks. With more shopping moving online, it has only become easier to compare prices, and so the lure of doorbuster deals is losing its grip on shoppers. That only means more bad news for a group of retailers …

Black Friday is losing its clout, more bad news for department storesRead More

Macy’s (M) reports mixed Q3 2019 earnings, shares slide on sales miss

Macy’s on Thursday reported its first same-store sales decline in two years, casting blame on warmer weather and weak traffic at some shopping malls. Because of the poor results, the department store chain also slashed its full-year outlook. Macy’s stock was last down about 3% after plummeting more than 10% following the earnings release. Here’s …

Macy’s (M) reports mixed Q3 2019 earnings, shares slide on sales missRead More

Retail stocks to watch as Macy’s, Target, Kohl’s report mixed earnings

Retail is set to reverse. That’s the call Mark Newton, founder and president of Newton Advisors, made Wednesday on CNBC’s “Trading Nation” after seeing the SPDR S&P Retail ETF (XRT), which tracks the sector’s top stocks, fall more than 3% week to date in the wake of weak earnings reports from Kohl’s and Urban Outfitters. …

Retail stocks to watch as Macy’s, Target, Kohl’s report mixed earningsRead More

Inside Home Depot’s efforts to stop a growing theft problem

Imagine loading up a cart full of merchandise at a store, and just walking out the door in broad daylight as store employees watch you do it. It’s known as organized retail crime, and it’s a growing trouble for the nation’s retailers. Instead of stealing for personal use, these criminals are part of a larger …

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US tariffs on Chinese goods are pesky, but manageable

Ace Hardware CEO John Venhuizen told CNBC on Friday that the ongoing U.S.-China trade war is more of a nuisance than an overwhelming issue. “From our lens, in the short term, they are pesky, they are frustrating, but they are manageable,” Venhuizen said when speaking about tariffs on “Squawk on the Street.” Retailers have been …

US tariffs on Chinese goods are pesky, but manageableRead More

Bargains aren’t just for Black Friday. Value retailers are winning year-round

A wave of good and bad retail earnings reports in recent days highlights one key theme for the industry: Value is winning. Target, Walmart, T.J. Maxx owner TJX and Nordstrom‘s off-price Rack business were bright spots in a tumultuous landscape that’s been beaten down with bankruptcies, store closures and management upheaval. The results from Macy’s, …

Bargains aren’t just for Black Friday. Value retailers are winning year-roundRead More

Here’s a list of when retailers will be open

People shop during a Black Friday sales event at Macy’s flagship store on 34th St. in New York City,  November 22, 2018. Stephanie Keith | Reuters Although some retailers have already started marking down items and cueing the holiday music, the season will kick off in earnest next week. Retailers are preparing for crowds of …

Here’s a list of when retailers will be openRead More

Holiday shopping started in July this year, thanks to Amazon

If someone asked you when the holiday shopping season starts, you’d likely point to Black Friday, when flocks of people will rush to stores after a hearty turkey dinner to pick through the hottest deals. But for more people in 2019, holiday shopping started in July. Why? Amazon. Amazon’s annual Prime Day extravaganza has “become …

Holiday shopping started in July this year, thanks to AmazonRead More