Target shares jump as retailer unveils membership program to rival Walmart, Amazon
Target on Tuesday reported an increase in holiday quarter profits despite a weaker-than-expected sales decline, and forecast that comparable sales for the year would be significantly higher than Wall Street expectations, as the company ‘s stock price rose 12%. The mass retailer is counting on same-day service, product launches and new membership programs to drive […]
Outdoor retailer REI slashes workforce by more than 350 workers, prepares for ‘challenging’ year ahead
Check out what’s being clicked on FoxBusiness.com Outdoor retailer Recreational Equipment, Inc. (REI) has laid off 357 employees, according to a message CEO Eric Artz shared with employees. REI announced the layoffs Thursday, detailing that 200 jobs will be affected at its headquarters near Seattle, six in sales and customer service, 30 in the experience […]