We heard a lot of rosy retail forecasts heading into the holiday season. Consumer confidence was high, the economy was strong and sales were going to be great. How’d it pan out? A bit of a mixed bag, actually. Some big retailers, like Target and Costco, have posted strong holiday sales results. Others, like Macy’s […]
Target missed earnings expectations for the third quarter, yet the company is maintaining its forecast for the whole year. The reason? The retailer’s investments in its online segment are weighing down on its profit margins, but those investments are getting some traction as online sales jumped 49 percent in the latest quarter. Click the audio […]
About a year ago, we were doing a lot of stories about a retail apocalypse — online shopping leading to the destruction of department stores, malls, anything built out of bricks and mortar. Fast forward to this year and things couldn’t be more different. In the last few weeks, we’ve seen strong quarterly results from everyone […]
Shares in Target hit an all-time high after the retailer reported second-quarter profits, revenue and sales that beat analysts’ projections — and an unprecedented increase in foot traffic through its stores. Target CEO Brian Cornell is so optimistic that he isn’t even worried about the effect of increased tariffs. The retailer has “a lot of […]
This week, the Treasury Department issued recommendations to protect consumers from big data breaches, like the ones we’ve seen at Equifax and Target. Among the Treasury Department’s recommendations: creating a national standard for handling the aftermath of data breaches. Click the audio player above to hear the full story.
Today is Prime Day, Amazon’s annual day of discounts that the retail giant hopes will rack up sales and lure new subscribers to Prime. Walmart, Target, Macy’s and other retailers are also getting in on what’s being dubbed Summer Black Friday. With all those packages on the move, the shipping industry is ramping up to […]
