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Search resuls for: "Aishwarya Venugopal Ananya Mariam Rajesh"


2 mentions found


☆ Target sets cautious tone as consumers turn thrifty
  + stars: | 2023-05-17 | by ( Aishwarya Venugopal Ananya Mariam Rajesh | Aishwarya Venugopal | Ananya Mariam Rajesh | ) www.reuters.com   time to read: +3 min
Discretionary products account for a major portion of the company's merchandise and it has been looking to increase the share of household essentials as sticky inflation and higher interest rates weigh on consumers' spending decisions. "American consumers continue to face difficult trade-off decisions as they juggle the wants and needs of their families ... The fear of a looming recession weighs heavily on many American families," Senior Target executive Christina Hennington said on a post-earnings call. Target projected adjusted profit between $1.30 and $1.70 per share, below estimates of $1.93 for the current quarter and forecast comparable sales to decline in the low-single digits. Target executives used the word "cautious" at least 13 times during the hour-long earnings call.
☆ Amazon's Prime Day-like event kick-starts holiday discount frenzy amid high inflation
  + stars: | 2022-10-11 | by ( Aishwarya Venugopal Ananya Mariam Rajesh | Aishwarya Venugopal | Ananya Mariam Rajesh | ) www.reuters.com   time to read: +2 min
The two-day "Prime Early Access Sale" shopping event for Amazon members, which starts Tuesday, is much like the Prime Day summer marketing blitz and will compete with early discounts from rival retailers. Register now for FREE unlimited access to Reuters.com RegisterWalmart Inc (WMT.N) is holding a "Rollbacks and More" sale event from Oct. 10-13 to counter Amazon's discount days, with deals on everything from Hot Wheels toys to luggage. U.S. online holiday sales are expected to rise this year at their slowest pace since at least 2015 and grow only 2.5% to $209.7 billion, according to Adobe Analytics. read moreThe early start to the holiday shopping season, however, does not come as a surprise. read more"This holiday season, retailers are resorting to blunt force promotions to coax shoppers," Spieckerman said.
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