Target slashes prices on 2K items to win back holiday shoppers
Target said Tuesday it would lower prices on 2,000 items ahead of the holiday season in a bid to attract customers hurt by inflation. The Minneapolis-based retailer plans to lower prices on both national brands and its own private labels. Customers can find daily necessities such as food and medicine, as well as gifts such […]
Ex-Target exec says holidays to disappoint, shoppers ‘running out of money’
Gerald Storch, Target's former vice chairman, said Thursday that holiday spending will be disappointing this year as inflation-hit consumers run out of savings and cut spending due to geopolitical uncertainty. He warned that there was a high possibility. “It's clear that consumers are running out of money,” said Storch, who was also the former CEO […]
Shoppers panic buying as US ports strike sparks empty shelves and rising prices on groceries, essentials
Shoppers flocked to big-box stores and supermarkets over the U.S. port strike, panic buying and often stocking up on essential items not affected by the work stoppage. Experts said the strike, which spanned 14 ports from Maine to Texas, was mainly due to supermarkets selling fresh produce from the Caribbean and Latin America, processed food […]
NYC Costco shoppers empty shelves in panic over port strike
A longshoremen's strike that has shut down dozens of ports on the East Coast and Gulf Coast has led to shortages of toilet paper and paper towels at Costco on Staten Island, despite experts' claims that paper products are not affected by the strike. There are reports of panic buying. Video footage Wednesday showed vast […]
EXCLUSIVE: Female shoppers at Springfield Walmart report harassment from Haitian men, employee says
Residents of Springfield, Ohio, told Blaze News that Haitians living in the area have difficulty assimilating into the local culture and, in some cases, can even be intimidating towards women. A person who works at a local Walmart confirmed reports from other residents that Haitians were causing disruption at nearby retail stores. “They're stalking women […]
Asos to charge shoppers who regularly return large amounts of goods | Asos
ASOS will start charging UK shoppers who frequently return large quantities of goods a £3.95 fee to return items, unless they return up to £40 worth of an order. The online fashion retailer, which previously offered free 14-day returns of unused items as part of its service in the UK, has informed some shoppers that […]
Kroger-Albertsons $25B merger hurts shoppers, FTC says as trial kicks off
The Federal Trade Commission began a trial Monday to block the $25 billion merger of Kroger and Albertsons, telling a federal judge in Portland, Oregon, that the deal would eliminate competition between major grocery store chains and hit consumers’ wallets. The FTC and several states filed suit in February to block the deal, arguing the […]
Unsuspecting shoppers in multiple states fall victim to ‘distraction thefts’
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Macy’s slashes sales outlook; retailer struggles for cash-strapped shoppers
Iconic department store Macy’s Inc. slashed its annual sales outlook after disappointing second-quarter earnings as it struggles to attract customers hit by inflation. Macy’s shares fell 13 percent on Wednesday to $15.45. Retailers were forced to lower prices on mid- to high-end items and offer more promotions to compete with more affordable rivals, but sales […]
Walmart raises outlook on strong demand from inflation-battered shoppers
Walmart Inc. reported a better-than-expected second-quarter profit and raised its annual outlook as inflation-hit shoppers flocked to the company’s low-priced food, clothing and household goods. Walmart shone thanks to its affordable prices: Same-store sales excluding fuel rose 4.2% in the second quarter from a year ago, beating expectations. The company’s U.S. online sales jumped 22% […]