US: latest retail news and insights | ESM Magazine

Target Forecasts Strong Holiday-Quarter Profit On Lower Inventory Levels, Supply-Chain Costs

Target forecast holiday-quarter profit largely above Wall Street expectations as the big-box retailer benefits from easing supply-chain costs and its effor...

Record Chicken Prices Squeeze US Shoppers, Benefit Tyson Foods

Chicken prices at US grocery stores have hit record highs and should stay elevated as Tyson Foods and other companies dial back poultry production to boost...

Target To Hire 100,000 Workers, Offer Huge Discounts For Holiday Season

Target plans to hire nearly 100,000 employees for the holiday season and offer deep discounts starting October, as the US retailer braces for the competiti...

Walmart Changes Starting Pay Structure For Entry-Level Store Workers

Walmart is changing the hourly starting wage structure for entry-level store workers, as companies seek to reduce costs in a slowing job market.

Japan's Seven & i Aims To Keep Sogo & Seibu Workers After Buyout: Report

Japan-based retailer Seven & i Holdings intends to keep the roughly 5,000 workers at its loss-making department store Sogo & Seibu employed even af...

Walmart Raises Forecasts, Tops Sales Estimates As Lower Prices Pull In Shoppers

Walmart Inc raised its full-year forecasts and beat estimates for second-quarter sales, underscoring its strength in offering lower prices on everything fr...

Target Cuts Annual Forecasts As Americans Hold Back On Non-Essential Spending

Target has lowered its full-year sales and profit expectations and forecast a dour third quarter, in another sign that Americans, squeezed by inflation, ar...

Amazon Prime Day Sales Rise As Deep Discounts Tempt Inflation-Hit Customers

Amazon.com's Prime Day shopping event saw US online sales rise nearly 6% to $6.4 billion from a year ago on its first day, Adobe Analytics data showed.