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Search resuls for: "Adam Falk"


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Target uses its almost 2,000 stores to deliver 95% of its online orders. Now it’s ramping up its speed by investing $100 million in local sorting centers to keep up with Amazon and Walmart. WSJ visits Target’s first sorting center to explore its store-centric strategy. For over a year, shoppers have pulled back on buying a range of discretionary items from cargo pants to patio furniture as prices for essential purchases such as food have gone up. Now, some retailers say inflation has cooled in many categories, which could further pressure sales growth.
Persons: it’s, Adam Falk Organizations: Amazon, Walmart, WSJ, Target’s
Shoppers Are Finally Getting a Break on Prices
  + stars: | 2023-11-16 | by ( Sarah Nassauer | Suzanne Kapner | ) www.wsj.com   time to read: 1 min
Target uses its almost 2,000 stores to deliver 95% of its online orders. Now it is ramping up its speed by investing $100 million in local sorting centers to keep up with Amazon and Walmart. WSJ visits Target’s first sorting center to explore its store-centric strategy. For over a year, shoppers have pulled back on buying a range of discretionary items from cargo pants to patio furniture as prices for essential purchases such as food have gone up. Now, some retailers say inflation has cooled in many categories, which could further pressure sales growth.
Persons: Adam Falk Organizations: Amazon, Walmart, WSJ, Target’s
Inside Target’s Strategy to Compete With Amazon, Walmart in Fast ShippingTarget uses its almost 2,000 stores to deliver 95% of its online orders. Now it’s ramping up its speed by investing $100 million in local sortation centers to keep up with Amazon and Walmart. WSJ visits Target’s first sortation center to explore its store-centric strategy. Photo: Adam Falk
Persons: it’s, Target’s, Adam Falk Organizations: Amazon, Walmart, Fast Shipping Target, WSJ
Target Stock Surges as Earnings Overshadow Sales Decline
  + stars: | 2023-11-15 | by ( Sarah Nassauer | ) www.wsj.com   time to read: 1 min
Target uses its almost 2,000 stores to deliver 95% of its online orders. WSJ visits Target’s first sortation center to explore its store-centric strategy. Photo: Adam FalkPeople are skipping their Target runs, but the company is finding ways to boost profits. Target sales fell in the period just before the holiday shopping season as it grappled with choosy shoppers cutting spending on some products and visiting stores less often. Comparable sales, those from stores and digital channels operating at least 12 months, fell 4.9% in the three months ended Oct. 28 from the prior year.
Persons: Target’s, Adam Falk
Now it’s ramping up its speed by investing $100 million in local sortation centers to keep up with Amazon and Walmart. WSJ visits Target’s first sortation center to explore its store-centric strategy. Photo: Adam FalkConsumers spent less at stores, dealerships and gas stations last month, a sign the summer spending boom is cooling heading into the holiday shopping season. U.S. retail sales fell 0.1% in October from a month earlier, the Commerce Department said Wednesday. Declining retail sales, combined with slower hiring and easing inflation indicate that the economy is cooling after surprisingly strong growth much of this year.
Persons: it’s, Target’s, Adam Falk Consumers Organizations: Amazon, Walmart, WSJ, Commerce Department
Robinhood No Longer Looks Like a Steal
  + stars: | 2023-11-08 | by ( Telis Demos | ) www.wsj.com   time to read: 1 min
Robinhood gained millions of users during the GameStop craze. But many have left as interest rates have gone up. CEO Vlad Tenev is now focused on growing Robinhood into more than just a trading app. Photo Illustration: Adam FalkRobinhood Markets may be building the brokerage of the future—and maybe it always will be. One big factor: The revenue momentum from higher interest rates is petering out.
Persons: Robinhood, Vlad Tenev, Adam Falk Robinhood Organizations: GameStop
Can Robinhood Reinvent Investing Again? CEO Vlad Tenev Is Betting on It. Robinhood gained millions of users during the GameStop craze. CEO Vlad Tenev is now focused on growing Robinhood into more than just a trading app. WSJ sat down with him to hear his plans.
Persons: Vlad Tenev, Robinhood, Adam Falk Organizations: GameStop
Car Prices Might Be Unsustainable for Buyers
  + stars: | 2023-08-21 | by ( Ben Foldy | ) www.wsj.com   time to read: 1 min
Cars return to dealer lots—and interest rates could make them a harder sell. Photo Illustration: Adam FalkFive years ago, there were a dozen models of new cars that sold for less than $20,000. In 2023, there was only one: the spartan Mitsubishi Mirage hatchback, which accounted for about 5,300 of the 7.7 million new vehicles sold in the U.S. in the first half of the year.
Persons: Adam Falk Organizations: Mitsubishi Locations: U.S
Growing Pains Intensify for EV Startups Lucid and Fisker
  + stars: | 2023-05-09 | by ( Sean Mclain | ) www.wsj.com   time to read: 1 min
Rivian is under pressure to prove it can build its electric trucks at scale without having ramped up production before, as competition heats up from legacy automakers. WSJ toured Rivian’s and Ford’s EV factories to see how they are pushing to meet demand. Illustration: Adam FalkElectric-vehicle startups Lucid and Fisker are confronting dwindling cash piles as the two companies strain to get more vehicles into the hands of customers, first-quarter results show. Lucid, Fisker and electric-truck maker Rivian were among a host of EV startups to go public over the last two years, as investors placed bets on finding the next Tesla . Now, their share prices continue to get hammered as cash reserves dwindle and larger legacy automakers join the EV race.
Rivian is under pressure to prove it can build its electric trucks at scale without having ramped up production before, as competition heats up from legacy automakers. WSJ toured Rivian’s and Ford’s EV factories to see how they are pushing to meet demand. Illustration: Adam FalkElectric-vehicle startup Rivian reported narrower losses in the first quarter as it slashed spending to conserve cash and stood by its vehicle production target for the year. At the same time, its cash burn accelerated, underlining a key challenge facing young auto companies like Rivian. Absent new funding, they face a limited timeline in which to turn a profit before running out of money.
Auto Dealers Feel the Squeeze
  + stars: | 2023-04-20 | by ( Jinjoo Lee | ) www.wsj.com   time to read: 1 min
Yet auto makers aren’t offering enough incentives to move vehicles off the lots, either. AutoNation said on Thursday that on a same-store basis, it sold 2.8% fewer new vehicles and 17.5% fewer used cars on a same-store basis. Lithia Motors on Wednesday said it sold 6.3% fewer new vehicles and 2.4% fewer used vehicles over the same period. Cars are sitting on lots for longer as a result: Lithia said there were about 52 days of supply of new vehicles in the first quarter, up from 47 days a quarter earlier. AutoNation is carrying 25 days’ worth of new vehicle supply, up from 19 days from the prior quarter.
Cars Return to Dealer Lots. Interest Rates Could Make Them a Harder Sell. At Adam Lee’s Jeep dealership, customers are seeing something they haven’t in years: lots of new cars. But while supply is returning, higher interest rates are hitting demand and sparking concerns that 2023 could be another turbulent year for the car industry. Photo Illustration: Adam Falk
Cars Return to Dealer Lots. Interest Rates Could Make Them a Harder Sell. At Adam Lee’s Jeep dealership, customers are seeing something they haven’t in years: lots of new cars. But while supply is returning, higher interest rates are hitting demand and sparking concerns that 2023 could be another turbulent year for the car industry. Photo Illustration: Adam Falk
Inside Rivian and Ford’s Plants, as They Race to Build EVs Faster Rivian is under pressure to prove it can build its electric trucks at scale without having ramped up production before, as competition heats up from legacy auto makers. WSJ toured Rivian’s and Ford’s EV factories to see how they are pushing to meet demand. Illustration: Adam Falk/The Wall Street Journal
E5A Cascades Home Designed to Feel Like Summer Camp Bill Broadhead says his family's second home – what he calls "Mid-Century mountain" – works best when it is full of guests. Beyond its six bedrooms and a bunk room that sleeps 13, common areas give guests plenty of room to spread out and enjoy the views. He gives us a tour. Photo: Bill Broadhead
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