retailer
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Business
CVS slashing nearly 3,000 jobs in cost-cutting drive
CVS Health announced that it will cut 2,900 jobs as part of a cost-cutting plan. The layoffs will mostly affect corporate…
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Business
Walmart founder’s daughter Alice Walton takes titles of world’s richest woman over L’Oreal cosmetics heiress
The daughter of Walmart founder Sam Walton has assumed the title of world’s richest woman — taking the top spot…
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Business
Target sales surge as customers flock to low-cost retailers
Target’s earnings and revenue beat Wall Street’s forecasts in the latest sign that shoppers are flocking to discount chains as…
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Business
Target will allow employees to stop thefts worth at least $50
Target plans to crack down on retail theft by lowering the threshold for how much shoplifters can swipe before employees…
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Business
Costco recalls 567,000 portable chargers due to overheating, fire
Costco has ordered an emergency recall of 567,000 portable chargers due to the danger that they may overheat and cause…
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Business
Kohl’s tanks 26% as inflation-weary shoppers pull back to sink sales, profits
Kohl’s stock price tanked by as much as 26% on Thursday after the department store chain posted a surprise quarterly loss…
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Business
Sam Ash to close down all 42 music store locations nationwide
Sam Ash — the iconic family-owned chain of music stores that attracted everyone from rock stars to wanna-be guitar heroes…
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Business
Kim Kardashian’s Skims leases space on NYC’s Fifth Avenue
Kim Kardashian’s popular shapewear brand Skims has leased a 20,000-square-foot space on New York City’s coveted Fifth Avenue for at…
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Business
Costco sells $675-a-pack silver coins after gold bars success
Costco hopes to strike gold again — this time with silver. The big box retailer — which said it sold…
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Business
Chinese shopping app Temu spent $2B on Facebook, Instagram ads
Temu, the Chinese fast fashion brand that has taken e-commerce retail in the United States by storm in recent months,…
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