CVS Health plans to close select pharmacies inside Target stores early this year, a company spokesperson said Thursday, as retail pharmacy chains in the U.S. struggle to boost profits. The closures will begin in February and finish by the end of April, the spokesperson said in a statement. She added that employees affected by the … Read more
Combination showing store signage from Aberdrombie & Fitch and Lululemon stores. Getty Images Abercrombie and Fitch, Lululemon and American Eagle Outfitters all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts and items for themselves in November and December. Yet Wall Street greeted the news with varying levels of enthusiasm … Read more
A UPS worker sorts packages in New York on Dec. 18, 2017. Adam Jeffery | CNBC Online spending rose 4.9% year over year, setting a record for e-commerce during the holiday season, as shoppers pounced on discounts and leaned on buy now, pay later to cover more of their purchases, according to Adobe Analytics. Sales … Read more
Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week … Read more
Manonallard | E+ | Getty Images For many Americans, it’s the first holiday season when most of the family may know the term “artificial intelligence” if it comes up during Christmas dinner. Just don’t expect AI to do the heavy lifting for Santa quite yet. The rise of generative AI — and the use of … Read more
Target’s shuttered small-format store on Folsom Street in San Francisco’s SoMa neighborhood, November 2023. Gabrielle Fonrouge | CNBC On Sept. 26, Target set off a national firestorm when it said it would close nine stores in four states because theft and organized retail crime had made them too dangerous to run. On its face, Target’s … Read more
