Latest News Updates From Anne D’Innocenzio

Business

Target Takes a Hit After Heavy Discounts to Clear Inventory

NEW YORK — Target reported solid sales for the fiscal second quarter but its profit plunged nearly 90% after it was forced to slash prices to clear unwanted inventories of clothing, home goods and electronics.

August 17, 2022
BusinessPrivate

Walmart Tops Q2 Expectations as Americans Continue Spending

NEW YORK — Walmart reported better-than-expected second-quarter results as more Americans looked to cut costs on groceries at the nation’s largest retailer in the face of surging inflation.

August 16, 2022
BusinessPrivate

Walmart Profit Drags as Inflation Takes a Bite

NEW YORK — Walmart reported stronger sales for the first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain.

May 17, 2022
Business

Lowe’s Posts Strong Q4 Results on Strong Housing Market

NEW YORK — Lowe’s Cos., the nation’s second-largest home improvement chain behind °®¶¹´«Ã½ Depot, offered an upbeat annual outlook after reporting strong fiscal fourth-quarter results that showed a still sizzling housing market.

February 23, 2022
GovernmentBusinessSafety

January Retail Sales Surged 3.8% as Threat of Omicron Faded

NEW YORK — Americans picked up the pace of spending in January as the threat of omicron faded and there was some easing of supply shortages.

February 16, 2022
BusinessTechnologyLogisticsTop 100

Amazon Heads to the Mall With Prototype Clothing Store

Amazon .com Inc. plans to open a clothing store in a Southern California mall later this year, marking the latest foray into brick-and-mortar for the online retailing giant, which already sells more than 10% of all clothes in the U.S.

January 20, 2022
BusinessLogistics

December Retail Sales Slip After Record Holiday Season

NEW YORK — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season. But figures released Jan. 14 show that after spending robustly early in the holiday season, consumers sharply slowed their purchases from November to December.

January 14, 2022
GovernmentBusiness

Amazon Settles With NLRB to Give Workers Power to Organize

NEW YORK — Amazon, under pressure to improve worker rights, has reached a settlement with the National Labor Relations Board to allow its workers to freely organize — and without retaliation.

December 23, 2021
GovernmentBusinessFuel

Resilient Shoppers Push Retail Sales Up 0.7% in September

NEW YORK — Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods.

October 15, 2021
BusinessLogistics

Walmart to Launch Delivery Service for Other Businesses

NEW YORK — Walmart said Aug. 24 it will start farming out its delivery service, using contract workers, autonomous vehicles and other means to transport rival retailers’ products directly to their customers’ homes in as little as a few hours.

August 24, 2021