[ad_1] Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Wednesday said it settled its proxy fight with real estate investor Arkhouse, appointing two of the firm’s nominees to its 15-person board. Ric Clark and Rick Markee will join Macy’s board …
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Department stores face another squeeze. This time, with store credit card revenue
[ad_1] A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty Images Department stores like Macy’s and Kohl’s have long used store-branded credit cards to drive purchases and get a cut of cash. Starting this …
Read More »Macy’s hasn’t closed 150 stores yet. But Target, Kohl’s CEOs already smell opportunity
[ad_1] Macy’s hasn’t yet shut the approximately 150 stores it plans to close. But retail competitors already smell opportunity. In recent interviews with CNBC, Target CEO Brian Cornell and Kohl’s CEO Tom Kingsbury said the department store’s decision to shrink its footprint gives them a chance to increase their own …
Read More »Target doubles bonuses for salaried employees as profits recover
[ad_1] A Target store in New York, US, on Monday, March 4, 2024. Shelby Knowles | Bloomberg | Getty Images Target will double its bonus payments to salaried employees this year, as the big-box retailer’s profits recover from a bumpy nearly two-year stretch. Salaried employees at the Minneapolis-based retailer receive …
Read More »Inside the organized crime rings plaguing retailers including Ulta, T.J. Maxx and Walgreens
[ad_1] In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime “queenpin” had built an empire. Tucked behind the stone walls of her 4,500-square-foot Spanish-style mansion, Michelle Mack had stockpiled a small fortune in cosmetics that had been stolen from Ulta and Sephora stores …
Read More »Gap shares pop as company’s holiday earnings blow past estimates, Old Navy returns to growth
[ad_1] A general view of an Old Navy store. Gap Inc. Gap’s largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street’s expectations. Sales at …
Read More »Grocers are trying to get orders to your door faster than ever — here’s why
[ad_1] As retailers compete for grocery shoppers, some of the big names in the business have zeroed in on the same strategy: get deliveries to customers’ doors quickly. This week, Target announced a new paid membership program with free same-day home deliveries as a key perk. Walmart expanded its same-day …
Read More »Target launches paid membership program as it chases new revenue streams
[ad_1] A Target store in New York, US, on Monday, March 4, 2024. Shelby Knowles | Bloomberg | Getty Images Target on Tuesday said it will launch a paid membership program next month, riffing off the playbook of its rivals Amazon and Walmart. The subscription-based program, Target Circle 360, will …
Read More »Target will report its earnings before the bell. Here’s what to expect
[ad_1] The Target logo is seen on its store on 42nd Street in Times Square, New York City. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images Target will report its holiday-quarter results and year-ahead outlook on Tuesday. Here’s what Wall Street analysts surveyed by LSEG, formerly known …
Read More »Battle for the Red Sea expands with U.S. strikes, EU stepping up its efforts against Houthis
[ad_1] The German Navy frigate “Hessen” depart for deployment in the Red Sea on February 8, 2024 in Wilhelmshaven, Germany. David Hecker | Getty Images News | Getty Images The battle for the freedom of navigation in the Red Sea has expanded with the entrance of a European Commission naval …
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