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Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target
NEW YORK (AP) — Walmart Inc. powered through an uncertain economic environment and tariff concerns to deliver solid second-quarter financial results Thursday, showing it keeps pulling in shoppers and outpacing peers like Target. The nation’s largest retailer reported a 4.6% quarterly increase in comparable sales — those coming from established stores and online channels. Company ex[...]
Target taps longtime executive as new CEO amid sales slump
Target names 20-year veteran Michael Fiddelke as CEO, succeeding Brian Cornell, as the retailer faces weak sales, messy stores and rising competition.
Wall Street holds near its record heights
Stocks hovered near record highs Monday as investors awaited Fed Chair Jerome Powell’s speech and key earnings from Walmart, Target and Home Depot.
Amazon expands its perishable delivery service, putting pressure on traditional grocers
Amazon now offers Prime members fresh groceries with same-day delivery in 1,000+ cities, expanding to 2,300 by year-end.
Target sales drop in 1st quarter and retailer warns they will slip for all of 2025
Target projects lower 2025 sales as tariffs, consumer cutbacks, and backlash over its DEI and Pride merchandise changes weigh on performance.
1.4M-sq-ft Target distribution center coming to New Kent
Target plans to build a 1.4 million-square-foot distribution facility in a busy New Kent County industrial park, with construction work expected to start this month, according to local officials. “This substantial investment and the creation of hundreds of high-quality jobs is a tremendous economic boost for our community and region,” Rodney Hathaway, an administrator for […]
