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☆ Target CEO says shoppers are stretched and waiting until 'the last moment of need' to buy items
▼ + stars: | 2024-11-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Now, they're waiting "until the last moment of need, focusing on deals, and then stocking up," CEO Brian Cornell said. Chief Commercial Officer Rick Gomez provided additional detail about how this new consumer pattern has played out for the company. Advertisement"Our Target Circle week this quarter was one of our biggest yet," he said. Unseasonably warm temperatures also meant that shoppers delayed their purchases of cold-weather apparel until they actually needed it, Gomez said. "Would you be willing to trade some of the upside in those areas for even more consistency from quarter to quarter?"

Persons: Brian Cornell, Rick Gomez, Gomez, Neil Saunders, —, Fitch, David Silverman, Michael Lasser, Cornell Organizations: Target, Walmart, Data, UBS Locations: New York

☆ Here's why Target is more exposed than Walmart to the sweeping trade changes that Trump promised
▼ + stars: | 2024-11-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

AdvertisementAs America's grocery king, Walmart sources a high share of its products from the US. The difference puts more of Target's business at risk of being impacted if Trump follows through on his tariff promises. "Target is actually much more exposed than Walmart because Walmart is grocery-heavy and groceries are predominantly domestic," Jason Miller, supply chain professor at Michigan State University, told Business Insider. Food and beverage sales accounted for less than a quarter of Target's sales last year. AdvertisementTD Cowen retail analyst Oliver Chen told BI that Target's apparel segment presents another potential complication, as fashion is more sensitive to seasonality.

Persons: Donald Trump, Jason Miller, Cowen, Oliver Chen, Gina Logan, Logan, Trump, Brian Cornell Organizations: Target, Trump, Walmart, Michigan State University, Walmart US Locations: AlphaSense

☆ The 'We Live in Time' director on why the movie made financiers nervous, and how that devastating ending changed
▼ + stars: | 2024-10-26 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

Andrew Garfield and Florence Pugh star as a couple dealing with a cancer diagnosis in "We Live in Time." Advertisement"We Live in Time," the new film starring Florence Pugh and Andrew Garfield as a couple dealing with a cancer diagnosis, defies easy categorization. The movie, which is structured as a nonlinear narrative, follows the relationship between Tobias (Garfield), a Weetabix salesman, and Almut (Pugh), a former figure skater turned Michelin chef, over the course of a decade. The actors — and director — went through the emotional wringerGarfield plays Tobias in "We Live in Time." The ending of 'We Live in Time' was originally differentPugh and Garfield in "We Live in Time."

Persons: Andrew Garfield, Florence Pugh, John Crowley, Crowley, —, Tobias, Garfield, Pugh, it's, It's, who's, Oscar, Saoirse Ronan, Peter, Almut, Ella, who'd, she's, I'm, we're Organizations: Service, London, BI Locations: Brooklyn, Tobias

Mark your calendars because Target has just announced its upcoming Target Circle Week. When is Target Circle Week? Target Circle Week will start on Oct. 6 and will run until Oct. 12. Who can shop during Target Circle Week? Target Circle Week is exclusive to Target Circle Members.

Persons: —, FAO Schwarz, Papatui, Spencer, TikTok Organizations: Target’s, Target Circle, Apple, Disney, FAO, NBC, Amazon, Facebook, Twitter

☆ Everything we know about "Daredevil: Born Again," where creepy villain Muse will join the MCU
▼ + stars: | 2024-08-12 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +5 min

Read preview"Daredevil: Born Again" is giving Charlie Cox the chance to return as blind lawyer-turned-vigilante Matt Murdock, several years after the Netflix "Daredevil" series was axed. "Daredevil: Born Again" introduces the serial killer, Muse. AdvertisementThis confirms that Daredevil will face off with Bullseye again after their brutal conflict in "Daredevil" season three. "Daredevil: Born Again" releases on Disney+ in March 2025. Marvel Studios/DisneyThe D23 2024 panel for the series confirmed that "Daredevil: Born Again" starts streaming on Disney+ in March 2025.

Persons: —, Charlie Cox, Matt Murdock, Jessica Jones, Luke Cage, Cox, Murdock, Peter Parker, Tom Holland, Jennifer Walters, Ron Garney, Charles Soule, Wilson Bethel, Griffin, Benjamin Poindexter, Bullseye, Jon Bernthal, Frank Castle, Matthew Murdock, Deborah Ann Woll, Elden Henson Charlie Cox, Elden Henson, Vincent D'Onofrio, Jesse Grant, Karen Page, Foggy Nelson, Bernthal, D'Onofrio, Vanessa Fisk, Margarita Levieva, Heather Glenn, los Reyes Organizations: Service, Netflix, Business, Marvel, Marvel Entertainment, Forbes, Disney, Marvel Studios, TV Locations: New York

☆ Biden says 'time to put Trump in the bullseye' remark was a mistake
▼ + stars: | 2024-07-15 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden delivers remarks following the incident that occurred at a campaign rally for former U.S. President Donald Trump, in Rehoboth Beach, Delaware, U.S., July 13, 2024. President Joe Biden said he should not have used the language, "put Trump in the bullseye," a remark he made to donors in a private call days before the attempted assassination of Donald Trump at a Pennsylvania rally. "It was a mistake to use the word," Biden said, according to excerpts of a Monday interview with NBC News' Lester Holt. "Look, I have not engaged in that rhetoric," Biden said. The Monday interview comes as Biden works to rehabilitate his political image following his disastrous debate performance against Trump in June.

Persons: Joe Biden, Donald Trump, Biden, Lester Holt, Thomas Matthew Crooks Organizations: Trump, NBC News, Service, Republican, Democratic Locations: Rehoboth Beach , Delaware, U.S, Pennsylvania

☆ Biden defends his rhetoric but concedes it was a mistake to make bullseye comment about Trump
▼ + stars: | 2024-07-15 | by ( Betsy Klein | ) edition.cnn.com time to read: +3 min

“It was a mistake to use the word,” Biden said in an interview with NBC News’ Lester Holt on Monday. Focus on his policies, focus on the number of lies he told at the debate,” he said. I’m not the guy who said he won’t accept the outcome of this election automatically. “The political rhetoric in this country has gotten very heated. He again turned the focus back on Trump’s own words, adding, “I am not engaged in that rhetoric.

Persons: Joe Biden, Donald Trump –, ” Biden, “, Lester Holt, ”, Biden, I’m, ‘, ’ I’m, won’t, Karine Jean, Pierre, Trump, Donald Trump, he’s, Biden’s, Holt, it’ll, Nancy Pelosi’s, MJ Lee Organizations: Washington CNN, Trump, NBC, CNN Locations: Detroit, America

The Biden campaign and Democrats across the party scrambled Sunday to determine how to adjust their plans to counter messaging at the Republican National Convention, which had been in the works for some time. Stunned Biden campaign officials huddled and decided to pause all outbound communications and pull down TV ads. The campaign urged staff in a memo to “refrain from issuing any comments on social media or in public.” Sources described the mood within the White House and the Biden campaign as “shock” as they put their response into motion. The Biden campaign has yet to decide when to resume its advertising campaign against Trump after pulling the ads on Saturday. Sen. Chris Coons, a close Biden ally and co-chair of the Biden reelection campaign, called for a lowering of the political temperature.

Persons: Joe Biden, Donald Trump, ”, Biden, Sen, Chris Coons, “, ” Biden, He’s, Trump, That’s, Kamala Harris, General Merrick Garland, Alejandro Mayorkas, NBC’s Lester Holt, Harris Organizations: Washington CNN, Biden, Republican National Convention, CNN, Trump, GOP, White, Rehoboth Beach , Delaware –, House, Press, FBI, Republican Party, Service, “, Sunday, Homeland, White House, Republican Locations: Butler , Pennsylvania, Rehoboth Beach , Delaware, Rehoboth, Delaware, America, Canada, China, United States, Nevada, Texas, Florida, Palm Beach , Florida

☆ Trump rally shooting draws flood of condemnation, support, and wild conspiracy theories
▼ + stars: | 2024-07-14 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Read previewA shooting at a Trump rally in Pennsylvania on Saturday is drawing a flood of condemnation against the incident, supporting words for the former president, and, in less than an hour, unsubstantiated claims of a conspiracy. "God protected President Trump," Sen. Marco Rubio posted on X. Advertisement"I wish Donald Trump, and anyone else who may have been hurt, a speedy recovery," Sanders said in a statement on X. Some Trump supporters, however, were quick to find a scapegoat for the incident, blaming mainstream media and even spreading baseless claims that the shooting was a coordinated attack. And at least one prominent GOP lawmaker is suggesting conspiracy theories about the shooting.

Persons: —, what's, Joe Biden, Jill, Trump, Sen, Marco Rubio, Bernie Sanders, Donald Trump, Sanders, Elon Musk, David Sacks, Sacks, Mike Collins, Collins Organizations: Service, Trump, Republican, Democratic, Business, Biden, AP, Bloomberg, Venture, GOP Locations: Pennsylvania, America, San Francisco, Georgia

Washington CNN —President Joe Biden said he is grateful former President Donald Trump is safe after a shooting at his rally in Pennsylvania. Speaking from Rehoboth Beach, Delaware, about two hours after the shooting, Biden said, “There’s no place in America for this kind of violence.”“It’s sick,” the president added. Biden and Trump spoke late Saturday night, a White House official said. He’ll receive an updated briefing from homeland security and law enforcement officials on Sunday, the White House official said. It’s unconscionable,” a senior White House official told CNN.

Persons: Joe Biden, Donald Trump, Biden, “, ” “, ”, Trump, –, Richard Goldinger, He’ll, “ Jill, Julie Chávez Rodríguez, Jen O’Malley Dillon, ” “ We’re, Chávez, O’Malley Dillon, ” Biden’s, Jeff Zients, It’s, CNN’s Evan Perez, Camila DeChalus Organizations: Washington CNN, White, Trump, CNN, Edmond’s Catholic, House, White House, Service Locations: Pennsylvania, Rehoboth Beach , Delaware, America, Butler County , Pennsylvania, St, Rehoboth Beach, Delaware, United States

☆ PepsiCo just admitted that snackflation might have gone too far
▼ + stars: | 2024-07-11 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +4 min

As food inflation rose over the last few years, companies like PepsiCo have been able to push through price increases to retailers and consumers — and then some. Food inflation has increased at a steady pace over the last few months. While PepsiCo is one of the largest food manufacturers in the world, it's far from alone in hiking prices. McMullen told investors last month he expects more discounts coming from national brands this year. Of course, national brands have been bragging about strong profits in recent years, which would suggest they're now in a position to offer discounts and promotions without breaking the bank.

Persons: —, Cheetos, Jefferies, Ramon Laguarta, Laguarta, Crisman White, Rodney McMullen, McMullen, John David Rainey, Christina Hennington, they're Organizations: Service, Frito, PepsiCo, Business, Quaker Foods, Pepsi, Kroger, Walmart Locations: Quaker Foods North America

☆ What to know about the massive car dealership outage
▼ + stars: | 2024-06-28 | by ( Ramishah Maruf | Eva Rothenberg | ) edition.cnn.com time to read: +8 min

Here’s what you need to know about the massive software outage. Its systems are used by roughly 15,000 car dealerships across the United States and Canada. Under normal circumstances, the CDK software allows the dealership to register a vehicle almost instantaneously, but now the process faces heavy delays. It said it was able to bring a “small initial test group” of car dealerships back online. But the next morning, the company told dealerships another incident had happened.

Persons: CDK, aren’t, they’ve, Scott Campbell, CNN they’ve, Don Aycock, “, ”, Robbie Jacob, Jacob, Michael Deveney, Katelyn Salvato, hasn’t, Salvato, …, Callahan, We’ve, ” Callahan, it’s, Lisa Finney, ” Finney, ” Eric Noonan, John Dwyer, “ There’s, ” Noonan, Ryan Callahan, Tom McParland, McParland Organizations: New, New York CNN, Auto, CNN, Capital City Buick GMC, Buick, Diego —, Kia, Midway Automotive, Massachusetts, of Motor Vehicles, Pride Motor Group, “, DMV, Bloomberg, Binary Defense, Mazda, Automatch Consulting Locations: New York, North America, United States, Canada, Berlin , Vermont, Clay County , Florida, Diego, Lynn , Massachusetts, Eastern Europe, Seekonk , Massachusetts

☆ The ongoing cyber-attack incident at CDK Global has crippled car dealerships for days
▼ + stars: | 2024-06-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +8 min

The latest attack to receive wide attention continues that trend: An ongoing cyber incident at CDK Global, whose software car dealerships use to manage everything from scheduling to records, has crippled dealerships for days now, with no clear end in sight. Experts say hackers are getting more sophisticated and can hide in an organization’s systems for longer undetected. These hackers target companies in a supply chain-style attack, taking down entire industries to leverage more money. “There’s never been a story written on a company that successfully paid a ransom, and then quickly recovered their systems,” Noonan said. Others say healthcare is targeted because of the field’s aging technology, Steven McKeon, founder and CEO of software companies MacguyverTech and MacNerd, said in a release.

Persons: New York CNN —, ” Dror Liwer, they’re, Liwer, ” Liwer, Eric Noonan, Noonan, “ Ransomware, ” Noonan, John Dwyer, “ There’s, Gabby Jones, Cliff Steinhauer, Steinhauer, ” Steinhauer, Steven McKeon, shutdowns Dwyer, —, CNN’s Sean Lyngaas Organizations: New, New York CNN, CDK, Healthcare, UnitedHealth, Coro, CNN, Binary Defense, Bloomberg, Getty, FBI, “ Auto, National Cybersecurity Alliance, Ascension Providence Rochester Hospital Locations: New York, St, Louis, cybersecurity, Detroit , Michigan

☆ Target fans can find their favorite private label products for half price from this salvage seller on Poshmark
▼ + stars: | 2024-05-30 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

A seller specializing in Target products has amassed a considerable following on eBay and Poshmark. Bullseye Deals sources salvage merch from Target, including from the company's private label brands. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA seller has amassed a considerable following, offering huge deals on Target products to buyers on eBay, Poshmark, and Facebook Marketplace.

Persons: — Organizations: eBay, Target, Service, Facebook, Business Locations: Poshmark

☆ Target is lowering prices and boosting its budget brands as it battles Walmart for shoppers on the hunt for deals
▼ + stars: | 2024-05-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Walmart has augmented its reputation for low prices with a number of Target-coded improvements such as refreshed stores, upscale product assortment, and smoother e-commerce options to see strong gains among higher-income shoppers. AdvertisementThe numbers indicate Walmart (among others) may be picking Target's pocket in terms of market share as inflation-weary consumers hunt for the best value for their dollar. Earlier this year, Target went after budget-minded buyers with a new line of essentials under the Dealworthy brand. Then late last month, Walmart took a shot at Target's Good & Gather-owned brand with an all-new upscale private label called Bettergoods.

Persons: —, Brian Cornell, Cornell, Christina Hennington, Target, Bettergoods, Hennington, We've Organizations: Service, Walmart, Business, Target Locations: Dealworthy

In the late 90s, I invested money in the stock market without knowing much about the stock I bought. AdvertisementThe stock market has recently hit several all-time highs. I have some money sitting in an investment account that I manage myself, and it is so tempting to buy some individual stocks. Don't get me wrong, the stock market can and does (for many people) give better returns than safer investments. I tried and failed at researching and buying individual stocks without the guidance of a financial advisor.

Persons: I'm, I've, doesn't Organizations: Amazon Locations: —

☆ Target says 10-item limits made self-checkout twice as fast — and your store is likely next
▼ + stars: | 2024-03-15 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Target will limit self-checkout to 10 items or fewer at most of its stores, beginning March 17. Target says item limits helped make self-checkout twice as fast. AdvertisementBig baskets will be banished from self-checkout at most Target locations starting Sunday. Related storiesOne result of the test: self-checkout was twice as fast with item limits than without, the company said. Several Walmart locations have recently limited self-checkout lanes to Spark drivers and Walmart+ members using the company's app.

Persons: — Organizations: Service, Walmart

☆ Target says Cat & Jack is the biggest kids' clothing brand in the US. Parents love the label's generous 1-year return policy.
▼ + stars: | 2024-03-06 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Target says its in-house children's apparel brand Cat & Jack is the largest kids brand in the US. Like all of Target's owned brands, Cat & Jack has a 1-year return policy, which parents love. AdvertisementFor parents of young children, the odds are pretty strong that there's at least one piece of clothing in the laundry bearing the name Cat & Jack. The children's apparel brand Target launched back in 2016 has exploded in popularity, reeling in more than $3 billion in annual sales for the Bullseye. Cat & Jack is "the biggest kids brand in America," said Jill Sando, Target's head of apparel merchandising, during the company's earnings call on Tuesday.

Persons: Jack, —, Jill Sando Organizations: Service, Business Locations: America

☆ Target workers fired over Stanley cups say the crackdown leaves some of the stores' Starbucks cafés understaffed
▼ + stars: | 2024-02-09 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +8 min

Read previewTarget's swift and severe crackdown on workers who bought one of the trendy Stanley x Starbucks cups last month could lead to another headache — keeping its Starbucks cafés staffed up. Of the 11 recently fired Target employees who have discussed their situations in detail with Business Insider, six worked in their stores' Starbucks cafés, which operate under a license agreement with the coffee company. STLs also told BI that stores are shuffling workers between stores, as they have in the past, to help with coverage. "You have so much paperwork, you have to do so much training, you have to do everything a normal Target Team Lead does, plus all your Starbucks stuff." Barista Jessie Gage told BI she and five coworkers were fired, cutting her store's Starbucks team by half.

Persons: —, STLs, Nickole Smith, weren't, Barista Jessie Gage, aren't, Christina Tavares, Dominick Reuter, Smith, It's Organizations: Service, Stanley, Starbucks, Business, BI, Target, Member Locations: Target's, Starbucks cafés

☆ Walmart and Target signal more cracks in consumer spending
▼ + stars: | 2023-11-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

A day earlier, Target noted that shoppers continue to curb spending and delay purchases. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Walmart, which has previously appeared almost immune from the decline in consumer spending affecting other retailers, said Thursday that it saw an unexpected softness in October sales. "This year, we've seen more and more consumers delaying their spending until the last moment," Cornell said.

Persons: —, John David Rainey, Rainey, Brian Cornell, we've, Cornell, That's Organizations: Walmart, Service

☆ Target CEO signals a halt to revenge spending and delays in impulse buys
▼ + stars: | 2023-11-15 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTarget's CEO said Wednesday that customers are continuing to make more tradeoffs in their family budgets and delay some spending. The lower price-points are meant to inspire more of the unplanned purchases that make a Target run a Target run. "This year, we've seen more and more consumers delaying their spending until the last moment," Cornell said. "It all puts pressure on discretionary spending."

Persons: —, Brian Cornell, Christina Hennington, we've, Cornell, Anna Wong Organizations: Service, Bloomberg Economics, Target

☆ Here's why Target and Costco are having wildly different experiences with America's $41 billion shoplifting problem
▼ + stars: | 2023-09-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Costco and Target issued contrasting statements Tuesday about how retail crime is affecting them. Target said it would close 9 stores, citing crime – Costco said theft was "not a big issue for us." It also noted that theft incidents seem to be getting increasingly violent. Costco's success in skirting the impact of retail theft comes down to several operational factors that seem to run counter to Target's approach to business. AdvertisementAdvertisementAlthough Costco and Target are reporting almost opposite experiences with retail theft, the bigger picture resists superlatives.

Persons: Costco, —, Brian Cornell, Frederic J . Brown, Richard Galanti, Galanti, Cornell, Lindsey Nicholson, Charles Dickens, Dominick Organizations: Costco, Target, Service, Shoppers, Getty Locations: Queens , NY, Seattle, Kirkland, Portland, New York

☆ UK’s improving finances will bear no fiscal gifts
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Aug 22 (Reuters Breakingviews) - Higher tax receipts helped Britain to borrow less than expected in July. The UK’s poor economic health leaves him with little room for fiscal giveaways ahead of a prospective 2024 election. Public sector net borrowing stood at 4.3 billion pounds in July, less than the 5 billion pounds expected by economists polled by Reuters. In the first four months of the fiscal year, borrowing was 11.3 billion pounds below the Office for Budget Responsibility’s forecast. The recent rise in bond yields will add around 18 billion pounds to debt interest spending by 2027/28, says Capital Economics.

Persons: Jeremy Hunt, Mairead McGuinness, Yves Herman, Hunt, Francesco Guerrera, EY’s loveless, Lisa Jucca, Katrina Hamlin Organizations: Financial Stability, Financial Services, Capital Markets, REUTERS, Reuters, Budget, Economics, Twitter, TPG, Thomson Locations: Brussels, Belgium

☆ Coinbase’s stablecoin bet pegs to wishful thinking
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

The crypto exchange will take a minority stake in Circle Internet Financial, issuer of stablecoin USDC. Such tokens, designed to track the U.S. dollar, haven’t delivered on promises of transforming finance. Coinbase already earns interest from reserves backing USDC through a partnership with Circle, and doesn’t expect any new major financial benefit. Meanwhile, U.S. legislation to regulate the tokens is stalled, and PayPal’s (PYPL.O) stablecoin launch last month drew criticism from Representative Maxine Waters, among others. Coinbase, meanwhile, is cozying up to pillars of traditional finance like BlackRock (BLK.N).

Persons: haven’t, Coinbase, Maxine Waters, Brian Armstrong, Anita Ramaswamy, EY’s loveless, Jonathan Guilford, Sharon Lam Organizations: Reuters, U.S ., Wall Street Journal, BlackRock, Twitter, TPG, Thomson

☆ Instacart’s slow IPO delivery spoils the goods
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Aug 18(Reuters Breakingviews) - Instacart may finally be in the market for new investors. The grocery delivery company is set to submit an initial public offering prospectus to regulators as soon as next week, Bloomberg reported. Fund managers were on a shopping spree when Simo was appointed Instacart’s boss in August 2021. The slow IPO delivery has spoiled the goods. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Apoorva Mehta, Fidji Simo, Simo, Jay Ritter, Instacart, Andreessen Horowitz, Rowe Price, Jennifer Saba, EY’s loveless, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Bloomberg, University of Florida, Twitter, TPG, Thomson

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