Target Corp.

Kohl’s terminates sale talks with Vitamin Shoppe owner Franchise Group: Sources

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A Kohl’s store in San Rafael, Calif. Getty Images Kohl’s is terminating talks to sell its business to The Vitamin Shoppe owner Franchise Group, two people familiar with the matter told CNBC on Thursday. The people requested anonymity because a decision from Kohl’s has not been publicly announced. Representatives from Kohl’s and Franchise Group didn’t …

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Target will cover employees’ travel to other states for abortions

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A person walks into a Target store in Washington, DC, on May 18, 2022. Stefani Reynolds | AFP | Getty Images Target will cover employees’ travel if they live in a state where abortion is banned, according to a company memo obtained by CNBC. The new policy will take effect in July, according to the …

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3 trends to watch as retailers prep for back-to-school, holiday shopping

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Pedestrians view the holiday windows at a store in New York, on Thursday, Dec. 2, 2021. Christopher Occhicone | Bloomberg | Getty Images Summer vacation season is just getting started, but retailers are already gearing up for the holidays. In coming weeks, companies will get early clues about how the all-important holiday shopping season will …

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Why the retail industry is facing a bankruptcy wave

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Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies following a monthslong slowdown in restructuring activity. There could be an increase in distressed retailers beginning later this year, experts say, as ballooning …

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Dan Niles sees no bottom in sight for stocks as earnings could be ‘absolutely horrible’

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Hedge fund manager Dan Niles said he expects stocks have a lot more to lose before a bottom is reached as corporations are about to turn in disappointing earnings and weak forecasts. “You don’t want to fight the fundamentals,” Niles said on CNBC’s “Squawk Box” on Tuesday. “I think you are going to see Q2 …

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Inflation and recession fears are squeezing some industries more than others

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A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images People still appear willing to shell out to travel, go to the movies and have a drink …

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Prologis, major Amazon warehouse landlord, to buy Duke Realty for $26 billion

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Signage outside a Prologis warehouse occupied by Kuehne + Nagel in Redlands, California, US, on Sunday, Nov. 7, 2021. Fallout from the global supply-chain crisis is clogging US ports, pushing warehouses to capacity and forcing logistics managers to scramble for space. Roger Kisby | Bloomberg | Getty Images Warehouse giant Prologis said Monday that it …

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Cramer greenlights tech stocks, says Target news suggests inflation is peaking

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CNBC’s Jim Cramer on Tuesday gave investors his blessing to consider purchasing beaten-down tech stocks after Target’s latest quarter indicated good news for the Federal Reserve’s fight against inflation. “The real greenlight here is on the beaten-down tech. … They might deserve a bit of a resurgence if they have profits and a total romp …

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Target and Microsoft may be just the beginning of a worrisome earnings trend

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Target is unlikely to be the only company with a bullseye on it during the upcoming earnings season. The retailer Tuesday warned for the second time in less than a month that its profits would take a hit from an inventory glut. The new guidance comes just days after Microsoft , in another high profile …

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Target, Kohl’s, Peloton and more

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FILE PHOTO: Shoppers exit a Target store during Black Friday sales in Brooklyn, New York, US, November 26, 2021. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Target — Shares of the retailer fell more than 4% after the company said it will take a short-term hit to profits as …

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