Retail business

Retailers are under pressure to turn deep discounts into big sales on Black Friday

Retailers are under pressure to turn deep discounts into big sales on Black Friday

Shoppers walk past a sale sign as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky on November 26, 2021. Jon Cherry | Reuters Major retailers are under intense pressure to deliver on Black Friday after several reported slowing sales ahead of the holiday shopping season. Macy’s, Target, Kohls, Difference …

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Inflation is forcing restaurants and mom and pop chains like McDonald's to build on their strengths

Inflation is forcing restaurants and mom and pop chains like McDonald’s to build on their strengths

Customers at a McDonald’s restaurant Scott Mill | CNBC As the restaurant industry battles inflation, the chains’ large size and access to cash give them the upper hand, but independents have their own advantages when dealing with higher costs. Feeling the pressure on their budgets, consumers have reduced their frequentation of restaurants in recent months. …

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Here's why Home Depot and Lowe's are booming in a housing market meltdown

Here’s why Home Depot and Lowe’s are booming in a housing market meltdown

A home improvement contractor works on a home in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-induced highs, home improvement retailers like Home deposit and Lowe’s doesn’t seem to feel the same pain. In fact, they’re doing better than expected. Although home …

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Here's why Home Depot and Lowe's are booming in a housing market meltdown

Here’s why Home Depot and Lowe’s are booming in a housing market meltdown

A home improvement contractor works on a home in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-induced highs, home improvement retailers like Home deposit and Lowe’s doesn’t seem to feel the same pain. In fact, they’re doing better than expected. Although home …

Here’s why Home Depot and Lowe’s are booming in a housing market meltdown Read More »

Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow

Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow

A sign outside a Target department store on June 07, 2022 in Miami, Florida. Target said it expects earnings to suffer in the near term as it marks junk items, cancels orders and takes aggressive action to get rid of excess inventory. Joe Raedle | Getty Images Targetearnings fell about 50% when it emerged Inventory …

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Retailers' biggest holiday wish is to get rid of all that excess inventory

Retailers’ biggest holiday wish is to get rid of all that excess inventory

A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Dinner Allison | Getty Images As some of the nation’s largest retailers report quarterly earnings and revenue this week, Wall Street will also be paying close attention to another number: inventory levels. walmart, Target, Difference, Kohls …

Retailers’ biggest holiday wish is to get rid of all that excess inventory Read More »