CEO says customers thankful for locked items
As Target tries to fight theft at its stores, it has left customers frustrated to find many everyday items locked up. Still, the retailer’s CEO Brian Cornell claimed many shoppers …
Target Corp
CPI, retail earnings spotlight consumer spending
CNBC’s Jim Cramer on Friday laid out what to look for going into next week, highlighting earnings reports from several retail outfits as well as the latest consumer price index. …
Freight recession will continue in 2024: CNBC Supply Chain Survey
The global shipping industry has been mired in a freight recession this year and the challenging economic conditions will continue into 2024, according to a new CNBC Supply Chain Survey. …
Across thousands of retailers, holiday shopping outlook is sluggish
A shopper in the seasonal aisle of a Target store on Black Friday in Chicago, Illinois, US, on Friday, Nov. 25, 2022. US retailers are bracing for a slower-than-normal Black …
Top Wall Street analysts say buy these dividend stocks for enhanced returns
A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images The ongoing market volatility continues to add to investors’ woes, making it …
FedEx CEO warned of global recession year ago. Here’s what he sees now
30 January 2023, North Rhine-Westphalia, -: FedEx Express cargo planes stand side by side at Cologne/Bonn Airport. Thomas Banneyer | Picture Alliance | Getty Images In September 2022, amid weak …
Rite Aid files for bankruptcy amid slowing sales, opioid litigation
A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City. Spencer Platt | Getty Images Rite Aid filed for Chapter 11 bankruptcy protection in New …
A recession may still be in the forecast. How you can prepare
Shoppers along the Magnificent Mile shopping district in Chicago on Aug. 15, 2023. Jamie Kelter Davis | Bloomberg | Getty Images A recession has been in the forecast for much …
Consumers buckling for first time in decade: Former Walmart U.S. CEO
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting …
A big AI and robotics idea that has attracted Walmart and Softbank
Symbotic technology in use at a Walmart facility. Courtesy: Walmart Venture-capital giant Softbank notched a $15 billion-plus gain on its 2016 deal to buy Arm Holdings when the artificial intelligence-enabling …