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5 Things to Know Before the Stock Market Opens Tuesday
U.S. stock futures bounced Tuesday after the Dow began the week by breaking a five-session winning streak.
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Apology Notes, Store Closures and Reduced Hours: Here's How Retailers Are Handling Omicron Surge
Retailers and restaurants no longer face the looming threat of government shutdowns, but they are struggling with lean workforces and limited inventory.
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Sticker Shock Over Holidays Could Shake Up How Retailers, Consumers Think About Sales
Retailers have more pricing power as the companies have leaner inventories and customers who are eager to spend.
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Walmart Looks to Grab Consumers' Attention With Star-Studded Online Shopping Events
The big-box retailer could use the strategy to drive more online sales, especially as consumers return to stores.
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Kohl's Shares Jump After Retailer Reports 16% Sales Increase as Shoppers Buy Clothes and Makeup
The department store chain also raised its forecast for the year.
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Retail and Trucking Trade Groups Sue Biden Administration to Overturn Vaccine Mandate
An appellate court had temporarily halted the vaccine and testing requirement, saying there are “grave statutory and constitutional issues with the Mandate.”
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Eyeglass Retailer Warby Parker in IPO Filing Reveals Rising Sales—But Also Widening Losses
The brand, which is best known for selling lower-priced, fashion-forward prescription glasses, is preparing to debut on Wall Street.
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Amazon Is Reportedly Planning to Open Department Stores, Its Latest Experiment in Physical Retail
The company has opened brick-and-mortar book stores, grocery stores and cashierless convenience stores in recent years.
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Target Earnings Top Estimates, and Retailer Raises Forecast as Back-To-School Spending Kicks in
With back-to-school spending off to a promising start, Target raised its forecast for the year, but shares fell.
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Heavily Shorted Tanger Outlet Stock Pops 20% in Sudden Move, Then Pulls Back
The retail stock may be the latest attempted short squeeze by traders in 2021.
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It's a Make-or-Break Holiday Season for These 6 Retailers
For many, the holidays spark joy, and are a time to relax in the comfort of family and friends. If you’re in retail, however, it’s a bit of a different story — especially if your business is struggling.
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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 swarm 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 a real part of the changing holiday...
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Target Is Going to Power Toys R Us' New Website
You’ll be able to shop at Toys R Us online again — thanks to a little help from Target. Target announced on Tuesday that it’s partnering with the parent company of the Toys R Us brand, TRU Kids, to help it relaunch ToysRUs.com. The deal will allow Toys R Us to once again have an online presence, post bankruptcy, as...
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Target Set to Roll Out Its Revamped Loyalty Program Nationwide
Target said Monday it will be taking its recently revamped loyalty program, called Target Circle, nationwide beginning Oct. 6. CNBC had reported back in February that Target was piloting the program, which includes new perks like a birthday reward, in five markets – including in Charlotte, North Carolina, and in Phoenix. Prior to that, Target Circle was being tested more...
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Walmart to Dramatically Limit Ammunition Sales After ‘Horrific' Shootings
Walmart said Tuesday it will discontinue all sales of handgun ammunition and sales of short-barrel rifle ammunition that can be used with military-style weapons, following two “horrific” shootings at Walmart stores this summer. It will also stop all handgun sales in Alaska, marking its complete exit from the handguns category.
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Walmart Just Showed It's Being Even More Aggressive to Take on Amazon
Walmart’s latest quarterly earnings report just revealed how the biggest retailer in the world is being even more aggressive in order to take on Amazon. In the midst of a trade war between the U.S. and China, and in the wake of two deadly shootings at Walmart stores, everyone is tuned in to what Walmart has to say about tariffs...
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Nike Is Entering the Subscription Business With a Kids' Sneaker Club
Nike is stepping into the subscription business. The No. 1 sneaker retailer in the U.S. is launching a subscription service for kids called Nike Adventure Club. It will allow parents to order shoes for their kids ages 2 to 10 either on a quarterly, bimonthly or monthly basis, paying monthly fees of $20, $30 or $50, respectively. The last option...
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Sears Pins Future on Small Stores Selling Appliances, Mattresses
Like many suburban shopping areas, Overland Park, Kansas, has a Whole Foods grocery store and a Cheesecake Factory. Now, it’s among the first to have a Sears Home & Life store. For five decades, from 1967 to 2017, Sears had presence in the booming town, which is also home to Sprint ‘s headquarters.
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Walmart Is Opening Dozens of Veterinary Clinics in Its Stores and Launching an Online Pet Pharmacy
Walmart is opening up dozens more veterinary clinics in its stores and launching its first online pet pharmacy, hoping to lure more U.S. pet owners who are spending billions of dollars each year on their dogs and cats. The biggest retailer in the world already operates 21 veterinary clinics in its stores across six states, but over the next 12...
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Gap, Victoria's Secret and Even Tesla: 4,300 Store Closures Already Announced This Year
A recent wave of store closure announcements will hit shopping malls across the U.S., leaving hundreds of storefronts empty. Last week, Victoria’s Secret said it will shut around 50 locations in 2019 — when it normally closes closer to a dozen each year; Gap said it’s closing 230 of its namesake brand’s stores over a two-year span; and J.C. Penney...