1. Operations & Supply Chain

Target’s earnings take a huge hit as retailer sells off unwanted inventory

Written by Posted on Less than 0 min read

The big-box retailer cut its profit outlook in June, saying it would take a hit as it marked down unwanted goods and canceled merchandise orders.

View Original Article
Member since
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com
Do you like CNBC's articles? Follow on social!

More from CNBC

  1. Corporate Strategy

Op-Ed: Tackling child labor in cocoa requires a new approach. Nestle’s CEO says the company has one

Nestle CEO Mark Schneider explains why the company is investing more than $1.4 billion over the next decade to help cocoa farming families earn more. View Original Article Associates Executives Nestle CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market […]
< 1 min read
0
  1. Operations & Supply Chain

TJX hits an all-time high as reason we own off-price retailer played out in the quarter

The inventory glut at full-price chains proved to be a boon to TJX, whose brands include T.J. Maxx, Marshalls and HomeGoods. View Original Article Operations & Supply Chain CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Channel: Restaurants

McDonald’s McPlant burger made with Beyond Meat sold better than expected, analyst says

In December, participating McDonald’s locations sold roughly 70 of the burgers it created with Beyond Meat per outlet every day, according to Piper Sandler. View Original Article Dept. Fresh Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Associates & Employees

California fast-food workers are now making $20 an hour. Other businesses might have to catch up

Fast-food workers in California will start earning $20 an hour. Other businesses may raise their own wages to keep up. View Original Article Associates Dept. Grocery CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Channel: Restaurants

McDonald’s earnings top estimates as mascot Grimace fuels U.S. sales

​McDonald’s same-store sales grew 11.7%, driven in part by a strong showing in Europe and the chain’s Grimace promotion.  View Original Article Results & Investment Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Holiday & Events

Black Friday came early this year, signaling worries about holiday demand

​ ​  ​[[“value”:”Both the depth of discounts and the total amount of items on sale were higher in October compared to the past four years.”]]  View Original Article Holiday & Events Marketing: Trade Pricing & Promotions CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides […]
< 1 min read
0
  1. Stores & Formats

Macy’s earnings top estimates, retailer says it won’t spin off e-commerce from stores

The department store chain is rejecting calls from activist firm Jana Partners for it to split its e-commerce operations from its stores. View Original Article Brick and Mortar Operations & Supply Chain Partnerships Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

A compact crossover is coming for America’s pickup trucks. Here are the top-selling cars of 2023

​[[“value”:”Sales of the Toyota RAV4 compact crossover came within 10,000 units of Stellantis’ Ram pickup truck last year.”]]  View Original Article BOPIS CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 […]
< 1 min read
0
  1. Department: Food

Panera Bread founder Ron Shaich says most CEOs end up regretting taking companies public

​Panera Bread founder Ron Shaich’s new book “Know What Matters” looks back on his career and argues companies should rethink IPOs.  View Original Article Dept. Bakery Start Ups Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and […]
< 1 min read
0
  1. Uncategorized

Kurt Cobain’s smashed Fender guitar sells for almost $600,000

​[[“value”:”Kurt Cobain’s smashed Fender Stratocaster guitar sold at auction for $595,900 on Saturday, more than 10 times its original estimate.”]]  View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
  1. Uncategorized

After seeing Hawaii’s beaches littered with plastic, this islander built a company to make straws from seaweed

Loliware substitutes seaweed for plastic in making disposable utensils. View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com Do you […]
< 1 min read
0
  1. Uncategorized

Little-known NJ baby retailer tentatively wins rights to Buy Buy Baby’s IP

​[[“value”:”Little-known baby retailer Dream on Me Industries has tentatively won the rights to Buy Buy Baby ahead of an auction for all of the chain’s assets.”]]  View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and […]
< 1 min read
0
  1. Trends & External Forces

Lowe’s sticks by full-year earnings forecast despite weakening sales, as spring projects offer a boost

​[[“value”:”CEO Marvin Ellison told CNBC that shakier consumer confidence is leading to softer discretionary sales.”]]  View Original Article Results & Investment Executives Consumers Predictions and Forecasts CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Channel: Restaurants

Restaurant Brands revenue disappoints Wall Street as Burger King same-store sales miss estimates

​[[“value”:”Burger King parent Restaurant Brands International’s quarterly revenue fell short of Wall Street’s expectations.”]]  View Original Article Economy International Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people […]
< 1 min read
0
  1. Associates & Employees

Starbucks union: Company threatens that unionizing could jeopardize gender-affirming health care

Starbucks union alleges the company is threatening to take away gender-affirming health care for unionized cafes View Original Article Associates Dept. HBC Health & Wellness Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Channel: Mass

Walmart reports big earnings miss as higher costs, supply chain eat into profits

The discounter said the significant jump in fuel prices, higher labor costs and aggressive inventory levels weighed on the company’s profits. KEY POINTS Walmart missed earnings expectations for the fiscal first quarter, as the retailer felt cost pressure from fuel prices, higher inventory levels and overstaffing. The nation’s largest retailer on Tuesday raised its sales […]
3 min read
0
  1. Shopper & Customer

Warby Parker, once online-only eyeglasses retailer, plans hundreds of more stores

Warby Parker, among the first startups to use a direct-to-consumer model, plans hundreds of eyewear stores for growth, and a future in telemedicine. View Original Article Consumers Brick and Mortar Predictions and Forecasts Warby Parker CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and […]
< 1 min read
0
  1. Holiday & Events

Bed Bath & Beyond says it will share its comeback strategy next week

The troubled home goods retailer is coping with slowing sales and dwindling cash as it prepares for the holiday season. View Original Article Bed Bath & Beyond Dept. Nonfood Holiday & Events Strategy CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
  1. Trends & External Forces

We’re calling up a Bullpen stock, buying it for the Trust. It’s one we owned in the past

After not chasing Tuesday’s higher open on Wall Street, we’re putting some cash to work in the afternoon. View Original Article Economy CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 […]
< 1 min read
0
  1. Corporate Finance

The ‘Apple of e-bikes’ targets profitability next year even as rivals enter bankruptcy

​ ​  ​[[“value”:”Adrien Roose, CEO and co-founder of e-bike firm Cowboy, told CNBC this week that he expects the company to reach profitability on a full-year basis in 2024.”]]  View Original Article Bankruptcy Executives Predictions and Forecasts CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and […]
< 1 min read
0
Next