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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

☆ Chinese vs. American EV: How Xioami's SU7 compares to the Tesla Model 3
▼ + stars: | 2024-11-06 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The interior of a Xiaomi SU7 (Top) and a Tesla Model 3. CFOTO/Future Publishing via Getty Images/Costfoto/NurPhoto via Getty Images/TeslaThe SU7's cabin is high-tech and thoroughly modern. Atop its center stack is a massive 16.1-inch infotainment screen with smartphone mirroring. The entire in-car experience is focused on the Tesla's 15.4-inch central touchscreen, which serves as both the instrument display and its infotainment screen. As with all Teslas, the Model 3 comes with the company's signature Autopilot semi-autonomous driving tech.

Persons: Xiaomi Organizations: Tesla, Publishing, Getty Images, Getty, Xiaomi Locations: China

☆ What you need to know about the Chinese EV loved by Ford's CEO — and why you can't get it in the US
▼ + stars: | 2024-10-25 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +5 min

Ford CEO Jim Farley praised the Xiaomi SU7, a new Chinese EV he's driving. Costfoto/NurPhoto via Getty ImagesThe SU7 is Xiaomi's first vehicle since the Chinese smartphone and consumer electronics giant announced plans to build an EV in March 2021. Costfoto/NurPhoto via Getty ImagesThe SU7 comes in three versions — the SU7, SU7 Pro, and the SU7 Max — that start at 215,900 yuan or about $30,300. Costfoto/NurPhoto via Getty ImagesThe SU7 turns up the wow factor in the cabin. Costfoto/NurPhoto via Getty ImagesThe car also features some impressive performance.

Persons: Jim Farley, Xiaomi, —, he's, They're, Farley, it's, Max —, Max, Ford EVs Organizations: he's, Service, Getty, Beijing Automotive, Hyundai, Mercedes, Benz, Xiaomi, Tesla, McLaren, Future Publishing Locations: China, Chicago, Shanghai

☆ Bed Bath & Beyond owner to lay off 20% of its workforce
▼ + stars: | 2024-10-24 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Bed Bath & Beyond's owner said in a regulatory filing that it will cut one-fifth of its workforce. AdvertisementThe parent company of Bed Bath & Beyond plans to lay off one-fifth of its workforce in a move to save $20 million per year. AdvertisementEarlier in the week, Beyond and Kirkland's Home announced a $25 million deal to open small-format, 15,000 square-foot "neighborhood" Bed Bath & Beyond locations across the US. Related storiesThe $21.5 million deal covered trademarks, internal business data, and e-commerce platforms, including websites and mobile apps, but no physical stores or inventory. The company said at the time that the additional Bed Bath & Beyond loyalty program shoppers tripled Overstock's existing customer base.

Persons: —, Adrianne Lee, Dave Nielsen, Overstock, Dominick Organizations: Inc, Service, Bed, Kirkland's, Business Locations: Utah

☆ Stocks making the biggest moves midday: Norwegian Cruise Line, Reddit, Chewy, Boeing and more
▼ + stars: | 2024-10-09 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Norwegian Cruise Line – Shares popped 10% on the heels of a Citi upgrade to buy from neutral. Citi said the company should see significant growth in earnings per share that can drive earnings upside and expand the margin. Reddit – The social forum stock gained close to 2% after Jefferies began coverage on the name with a buy rating. Helen of Troy – The housewares stock soared more than 19% after the company's second-quarter earnings beat Wall Street's expectations. Chewy – The pet product online retailer saw shares rising 3% after TD Cowen initiated coverage on the stock with a buy rating.

Persons: Jefferies, John Colantuoni, Rio, GitLab, Morgan Stanley, Helen of Troy –, Helen of Troy, FactSet, TD Cowen, Chewy, —, Alex Harring, Yun Li, Lisa Kailai Han, Jesse Pound Organizations: Cruise, Citi, Bayer – U.S, Washington Supreme, Sky Valley Education Center, Monsanto, Rio Tinto, Boeing –, Boeing, Department, Google Locations: Washington, Rio, U.S

☆ Stocks making the biggest moves midday: Nvidia, Corning, Helen of Troy, UiPath and more
▼ + stars: | 2024-07-09 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Helen of Troy — The housewares stock plummeted nearly 28%, hitting a new 52-week low during the session. The company posted an earnings miss for its first quarter of fiscal 2025 before the bell, earning 99 cents per share, excluding items. Lucid — The electric vehicle company's stock added nearly 1% after rallying about 8% in the previous session. Lucid jumped after the firm said it delivered 2,394 vehicles in the second quarter, marking a 70% year-over-year increase. Tesla — Shares of the electric vehicle company popped more than 4%.

Persons: Blackwell, Helen of Troy —, FactSet, UiPath, Lucid, Eli Lilly's Mounjaro, Eli Lilly, Morgan Stanley, Corning, Yun Li, Pia Singh, Sarah Min, Darla Mercado Organizations: Nvidia, UBS, BP — U.S, Novo Nordisk, Novo Nordisk's Ozempic, Sony, Paramount, National Amusements, Skydance Media, Apollo, CNBC Locations: Novo

☆ I visited Wayfair's first physical store and got major Ikea vibes — with a few surprises thrown in
▼ + stars: | 2024-06-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

After more than two decades as an online-only retailer, Wayfair is getting into brick-and-mortar. In May, the housewares company opened its first-ever store outside Chicago. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFor all of its 22 years in business, housewares retailer Wayfair has been online only. That all changed in May when the company opened its first-ever brick-and-mortar store in the Chicago suburb of Wilmette, Illinois.

Persons: —, Wayfair Organizations: Ikea, Service Locations: Chicago, Wilmette , Illinois

☆ I visited Wayfair's first-ever physical store in Chicago. Take a look.
▼ + stars: | 2024-06-09 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Persons: —, Wayfair Organizations: Ikea, Service Locations: Chicago, Wilmette , Illinois

☆ How Ace Hardware, America’s neighborhood hardware store for 100 years, is beating its big-box rivals
▼ + stars: | 2024-05-24 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +10 min

A majority of Ace Hardware stores are located in neighborhoods. Courtesy Ace HardwareBarker is owner and operator of five Breed & Co Ace Hardware locations in the Austin, Texas, area. We count on people coming in everyday to buy a gift item from us.”This hybrid hardware-home goods-curio model is setting Ace Hardware stores apart. “They are essentially shareholders, they own the brand and the company,” said Kim Lefko, chief marketing officer of Ace Hardware. It just launched its first Ace-branded food product, a line of BBQ sauces, and a collection of Ace Hardware vintage-inspired clothing.

Persons: New York CNN — Mahin Barker, ”, Sherwin Williams, ” Neil Saunders, Hardware’s, today’s, Michael Brown, It’s, “, Barker, ” Barker, we’ve, ” Brown, “ We’ve, Kim Lefko, Lefko, John Madden, Pat Summerall, Michael Wynn, Vera Bradley, ” Wynn, Wynn Organizations: New, New York CNN, Home Depot, Hardware, Ace Hardware, Globaldata, “, NFL, Acon Investments, Sunshine Locations: New York, West Lake Hills, Austin , Texas, Brook , Illinois, Placer, remodels, Lake Hills, Chicago, Southern Florida, Florida

☆ Wayfair to open its first large store, as physical locations make a comeback
▼ + stars: | 2024-05-16 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +10 min

Wayfair follows other direct-to-consumer brands that have opened stores, including Warby Parker , Figs , Casper, Glossier and Everlane. In the early 2010s, new store openings largely outpaced closures, until the tide turned in 2017. Jeenah Moon | Bloomberg | Getty ImagesOther privately held direct-to-consumer brands have also expanded into retail stores, including bedding company Brooklinen, furniture store Burrow and apparel brands Everlane and Untuckit. High cost of entryIf direct-to-consumer brands could all open stores and suddenly boost sales and profitability, they'd all be doing it. Courtesy: WayfairSome direct-to-consumer brands have already been burned after they expanded too quickly and demand fell.

Persons: Niraj Shah, Wayfair, Warby Parker, Glossier, They're, Larry Cheng, It's, you'll, Liza Lefkowski, Shah, Coresight, John Mercer, Coresight's, Trina Spear, Spears, King, King of Prussia, Rebecca Fitts, Alvarez, Tolia, Allbirds, Al Drago Organizations: CNBC, Apple iOS, Companies, Walmart, Target, Joss, Discount, TJX, Bloomberg, Getty, Marsal, Washington , D.C Locations: Wilmette , Illinois, Chicago, Casper, Amazon, U.S, Coresight Research's, Burlington, Los Angeles, Philadelphia, King, King of Prussia , Pennsylvania, Georgetown, Washington ,

☆ I live with my 4 kids, husband, and aunt in a 2-bedroom apartment in LA. We can't find a bigger place, so we make it work.
▼ + stars: | 2024-04-06 | by ( Angie Grace | ) www.businessinsider.com time to read: +4 min

When we first moved to Los Angeles, our two-bedroom apartment had more than enough room for our family of five. My husband, son, and I shared a king-sized bed in our small bedroom, while my three teens shared the second bedroom. My aunt got the living room. Lastly, my aunt got a comfy reclining chair and a bed in the living room. After a certain time of night, the living room becomes her bedroom.

Persons: we're Organizations: Service, Business Locations: Los Angeles, LA, Chicago, California

Shop at Amazon Shop at DreoTyphur Sous Vide Station If you’ve been wanting to venture into the benefits of cooking with Sous Vide, Typhur’s Sous Vide Station incorporates all functions of sous vide cooking into one unit, with a built-in tank, scheduling functions, and step-by-step cooking instructions on a large LCD display. Shop at Amazon Shop at TramontinaAdvertisementSustainability and alternative materialsEco-friendly materials are at the forefront of home and kitchen design. Shop at Amazon Shop at UmbraFull Circle Grate Expectations Stainless Steel Coarse Grater with Food Catcher Full Circle should be on your radar for eco-friendly cleaning tools and hydration solutions. From earth tones and pastels to vibrant collections, you can coordinate your kitchen in monochrome hues, prints, and textures. Shop at Amazon Shop at Walmart Shop at TargetLuma Nugget Countertop Ice Maker We've been searching for a more affordable nugget ice maker, and this small appliance from Luma might be the one.

Persons: It's, Dreo ChefMaker Combi Fryer, you’ve, Zyliss, Joe Derochowski, Dyson, Brabantia Organizations: Business, Shop, kraft, Cork, Walmart, Everest

☆ I shopped at Crate & Barrel for the first time and saw how the brand's quiet luxury is boosting sales
▼ + stars: | 2024-03-05 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

I shopped at Crate & Barrel for the first time at the brand's new Flatiron location. With elevated basics in neutral colors, the store is nailing quiet luxury. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWith a 23% increase in sales during the company's last fiscal year, Forbes reported, Crate & Barrel's housewares are in high demand. This story is available exclusively to Business Insider subscribers.

Persons: —, Forbes Organizations: Service, Business

☆ HomeGoods has become 'a bit of a cult,' TJX CEO says
▼ + stars: | 2024-02-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

HomeGoods is the housewares and furnishings brand in TJX's off-price retail family. "It's become a bit of a cult," TJX CEO Ernie Herrman joked about the brand's popularity on TikTok. AdvertisementAnyone who has ever set foot in a HomeGoods store has likely walked out with at least one thing they hadn't planned on purchasing. HomeGoods is the housewares brand in the TJX off-price retail family, which includes megastars T.J. Maxx and Marshalls, plus the outdoorsy Sierra. Advertisement"It's become a bit of a cult," TJX CEO Ernie Herrman joked during the company's fourth-quarter earnings call on Wednesday.

Persons: HomeGoods, It's, Ernie Herrman, —, Herrman, housewares Organizations: Service, HomeGoods, Marshalls, TJX Locations: Maxx, HomeGoods

☆ My family was chased off our land by a racist mob. More than 80 years later, I own it again.
▼ + stars: | 2024-01-20 | by ( Yoonji Han | ) www.businessinsider.com time to read: +4 min

I didn't know white people until we got to Fort Worth. AdvertisementMy family bought a home in a neighborhood where we weren't wanted, but we didn't know that. LM Otero/APRegaining our landI went to Fort Worth's first Black high school and graduated when I was 16 years old. One day years later, a friend of mine who works at the Star-Telegram, a local newspaper in Fort Worth, mentioned the land my family had bought all those years ago. Opal Lee (bottom second from left) attended President Joe Biden's signing of the Juneteenth National Independence Day Act.

Persons: —, Opal Lee, weren't, Lee, It's, LM Otero, Fort Worth's, Gage Yager, Gage, I'm twerking, Juneteenth, Joe Biden's, Evan Vucci Organizations: Service, Business, AP, Fort, Wiley College, Star, Humanity Locations: Marshall , Texas, Fort Worth, Marshall

☆ $1.8 Million Homes in New York, Tennessee and Colorado
▼ + stars: | 2023-11-15 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

It is also about 10 minutes from the village of Red Hook, which has a diner in a vintage train car and a public high school. Size: 2,150 square feetPrice per square foot: $835Indoors: The house is set back from the road, with a driveway leading to the garage. Beyond the entry is an open living space with a sitting area, a dining area and the kitchen. Behind the sitting area is space for a dining table. A center island with an integrated sink and seating for four separates the dining area from the kitchen, which has Thermador appliances.

Organizations: Amtrak Locations: N.Y, Tivoli, Hudson, Red, Rhinebeck, Manhattan, Albany, Danish

☆ ‘The Nightmare Before Christmas’: A Hit That Initially Unnerved Disney
▼ + stars: | 2023-10-25 | by ( Carlos Aguilar | ) www.nytimes.com time to read: +1 min

“What’s this?” Jack Skellington sings excitedly when he first comes across Santa Claus’s snowy, colorful village in “The Nightmare Before Christmas.” That’s also what Disney executives asked with concern about the idiosyncratic stop-motion animation musical when they saw a rough cut. “Anytime you’re doing something like that, which was unknown: stop motion, the main character doesn’t have any eyeballs and it’s all music, what’s to feel comfortable about?” Tim Burton said during a video call from London. “Of course they would be nervous about it.”Burton’s “Nightmare,” currently back in theaters to commemorate its 30th anniversary, is now more popular than ever: This weekend the Hollywood Bowl in Los Angeles is holding a series of live concerts around the film, Disney theme parks feature seasonal attractions inspired by its characters, and merchandise, from board games to housewares, abounds. But the eccentric and endearing movie wasn’t always a ubiquitous part of our holiday watch list. Back in October 1993, “Nightmare” was released not as a Disney title but under the studio’s more adult-oriented label Touchstone Pictures.

Persons: Jack Skellington, ” That’s, Tim Burton, ” Organizations: Disney, Hollywood Bowl, Touchstone Pictures Locations: London, Los Angeles

☆ Walmart is making an unusual move to deter theft by building a mini police station inside one of its stores
▼ + stars: | 2023-09-07 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

An arson-damaged Atlanta Walmart store is slated to include a mini police station when it reopens in 2024. Walmart is tapping City of Atlanta funds to keep the store operating amid a rise in retail crime. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. More than 20 other Walmart locations in the US have shuttered this year so far, typically due to underperformance. Approximately one in four dollars spent at US grocery stores are spent at Walmart, according to retail data service Numerator.

Persons: Andre Dickens, Doug McMillon, —, — Dickens Organizations: Atlanta Walmart, Walmart, Service, Atlanta Police Department, Merchants Association, MLK, Clark University Locations: Atlanta, Wall, Silicon, Vine City

☆ Aldi is buying 400 grocery stores in Florida and the southeast as it continues its rapid US expansion
▼ + stars: | 2023-08-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Aldi is buying 397 supermarkets across Alabama, Florida, Georgia, Louisiana, and Mississippi. Some will stay as Winn-Dixie and Harveys Supermarket stores while others will be converted to Aldis. The German discount retailer said on Wednesday that it was buying all of Winn-Dixie and Harveys Supermarket's locations from parent company Southeastern Grocers for an undisclosed price. Some of the stores will be converted to Aldis, while others will continue to operate as Winn-Dixie and Harveys Supermarket stores, Aldi CEO Jason Hart said in a statement. Aldi said that its purchase of Winn-Dixie and Harveys Supermarket was expected to close in the first half of 2024.

Persons: Jason Hart, Kroger, Fresco Organizations: Aldi, Dixie, Harveys, Service, Southeastern Grocers, Winn, Walmart, CNN, Fresco Retail Locations: Alabama , Florida, Georgia, Louisiana, Mississippi, Winn, Wall, Silicon, Florida, Alabama

☆ A Shoe Entrepreneur’s Globally Inspired Barbecue
▼ + stars: | 2023-07-26 | by ( Catherine Hong | ) www.nytimes.com time to read: +2 min

“He had told me it would be just ‘a few friends coming over,’” Pamela Bell, the generous neighbor with the townhouse, recalled recently. - Three Easy Summer Dishes: The French chef Yann Nury elevates classic seasonal recipes with fresh flavor combinations and a few luxurious additions. - A Lebanese Feast in Amsterdam: In a traditional Dutch canal house, a creative strategist organizes a dinner party to introduce a new collection inspired by her mother’s homeland. - Host Gift Guide: What T’s editors and contributors are bringing to thank their hosts this summer, including surreal serving spoons and cozy quilts. In the shady backyard, Ashmore planted native ferns and bayberry bushes and installed a gravel patio with a fire pit.

Persons: Mickey Ashmore, “, ’, Pamela Bell, Yann Nury, Ashmore —, San Francisco —, Ashmore, Ishtiaq Rafiuddin, Eames, Phillip Vigil Organizations: Credit, San, New Locations: Sabah, Istanbul, Ibiza, Long, French, Amsterdam, New York, London, Dallas, East Hampton’s Springs, Detroit, New Mexican

☆ Joseph Pedott, 91, Dies; Made Chia Pets an ‘as Seen on TV’ Sensation
▼ + stars: | 2023-06-30 | by ( Alex Traub | ) www.nytimes.com time to read: +1 min

Joseph Pedott, whose decades of commercials for the zany plantlike figurines known as Chia Pets launched them into the pantheon of American consumer culture, died on June 22 in San Francisco. The origins of the Chia Pet’s popularity can be traced to March 1977, when Mr. Pedott (pronounced PEE-dot), an independent advertising executive, wandered around a Chicago home and housewares trade expo looking for new clients. “He said, ‘There’s this stupid item called the Chia Pet. I don’t know why anybody buys it,’” Mr. Pedott later recalled. The sales executive faxed Mr. Pedott a picture of the stupid item in question.

Persons: Joseph Pedott, Chia Pets, Sherry Ettleson, Pedott, ’, faxed Mr Locations: San Francisco, Chicago, Oaxaca, Mexico

☆ Overstock's CEO explains why the surprise decision to rename the brand after bankrupt Bed Bath & Beyond is actually a brilliant move
▼ + stars: | 2023-06-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Overstock.com acquired Bed Bath & Beyond's brand and digital assets for $21.5 million. CEO Jonathan Johnson said the 20-year-old Overstock brand was overdue for an overhaul. Bed Bath & Beyond's Canadian website has already been refreshed with the names of both brands. The Bed Bath & Beyond brand we think will be such a brand." Johnson said the additional Bed Bath & Beyond shoppers — who accounted for more than $1 billion in sales last year — will triple Overstock's existing customer base.

Persons: Overstock.com, Jonathan Johnson, —, Johnson, Neil Saunders, Overstock, Saunders Organizations: Service, Beyond's, Bed, —

☆ Dollar Tree plans to raise prices up to $5 proving there's no such thing as a 'dollar store' anymore
▼ + stars: | 2023-06-29 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Early sales results are encouraging, and customers should expect to see more higher-priced products at Dollar Tree's stores going forward, they said. Last year, Dollar Tree made the noteworthy decision increased prices on its items to $1.25 from $1, citing inflation. Dollar TreeIn May, Dollar Tree added coolers with juice, coffee creamer, Velveeta, and other refrigerated products to 140 stores. Dollar Tree has about 16,000 locations, and Dollar General has nearly 20,000. Do you work or shop at a Dollar Tree store or have a story to share?

Persons: —, Richard McNeely, McNeely, creamer, Alex Bitter Organizations: Service, Dollar Locations: Velveeta, Mexico

☆ Do you believe a serious recession is imminent? The IPO for you may have arrived
▼ + stars: | 2023-06-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Michael Nagle | Xinhua News Agency | Getty ImagesDo you believe a serious recession is imminent? They run 317 thrift stores under various brands in the U.S., Canada and Australia. That is a very respectably sized IPO, and is a sign that IPO market is (slowly) starting to reopen. Yes, Savers Value Village has a compelling story on its own, but for all those who believe in the "imminent serious recession" story, this would seem to be the IPO for them. If the U.S. goes into a serious recession, what would benefit more than thrift stores?

Persons: Michael Nagle, You've, It's Organizations: New York Stock Exchange, Xinhua News Agency, Getty, Donation Centers, Walmart Locations: New York, United States, U.S, Canada, Australia

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