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The Latest Breaking News from Neil Saunders

Home Depot stores, long a hub for day laborers, now draw immigration agents out on raids

Home Depot stores in Southern California have long been an informal hub for day laborers in the country both legally and illegally who are seeking work

The Independent UK

American Eagle soars as teen clothing retailer embraces Sydney Sweeney frenzy

Shares of American Eagle Outfitters spiked 31% at the opening bell after the teen clothing retailer said the frenzy surrounding its Sydney Sweeney ad campaign drew new customers during its most recent quarter

The Independent UK

Target boss out after 11 years — proof that missing DEI is bad for business

Another "vibe shift" might be upon us.

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Target stock is down 64% over 4 years—and investors who were ‘hoping for an external CEO’ are disappointed by the choice of its next leader

New CEO Michael Fiddelke faces a major cleanup—and fierce competition.

Fortune

US Retail Sales Rise Amid Limited Consumer Tariff Hit So Far

US retail sales rose moderately in July, according to data released Friday, as markets monitor tariffs that do not so far appear to have significantly battered consumers.

International Business Times

Claire's, known for piercing millions of teens' ears, files for Chapter 11, 2nd time since 2018

Mall-based teen retailer Claire’s, known for helping to usher teens into a key rite of passage _ ear piercing _ but now struggling with a big debt load and changing consumer tastes, filed for Chapter 11 bankruptcy protection

The Independent UK

Dow Leads as Merck, Amgen Gain: Stock Market Today

Second-quarter earnings season remained top of mind Tuesday, with Coca-Cola and GM among those reporting.

Kiplinger

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Target reports dismal earnings amid DEI 'headwinds' and says two C-suite women leaders are on the way out

Analysts and industry watchers aren’t convinced that the company’s changes will turn things around

Fortune

Walmart Warns Of Higher Prices Due To Tariffs

Walmart on Thursday reported another solid quarter behind sales gains in the United States, but warned of higher prices and continued uncertainty over President Donald Trump's tariffs.

International Business Times

What customers can expect as Rite Aid closes or sells all its drugstores

Rite Aid customers can expect their local store to close or change ownership in the next few months as the struggling drugstore chain goes through another bankruptcy filing

The Independent UK

Dollar Tree Abandons Family Dollar, Closing Chapter on Costly Merger

Dollar Tree is selling Family Dollar for $1 billion, ending a troubled decade-long merger.

International Business Times

Dollar Tree sells Family Dollar business to private-equity investors for $1 billion — here’s what it means

Following the sale, Dollar Tree will move forward with ‘significant planned new store openings’ across the country

The Independent UK

Target has a plan to add $15 billion to its sales by 2030, but it has plenty of problems to fix to get there

The cheap-chic retailer plans to add $15 billion to its top line.

Fortune

Walmart Sales Rise But Shares Tumble On Forecast

Walmart reported solid fourth-quarter results Thursday behind higher US sales, but shares tumbled after its quarterly and annual projections missed estimates.

International Business Times

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International Business Times UK

The King Of Retail Has Fallen: Amazon Overtakes Walmart In Revenue For The First Time

Fueled by e-commerce growth and its cloud business, Amazon has surpassed Walmart in quarterly revenue for the first time, marking a major shift in retail.

Fortune

Amazon just dethroned Walmart in quarterly revenue for the first time ever with a bombshell $187.8 billion in sales

Walmart held the top spot in quarterly sales for more than a decade.

Latin Times

Costco Rejects Anti-DEI Trend, Votes to Keep Diversity Policies in Place: 'An Enterprise Rooted in Respect and Inclusion'

Costco's shareholders overwhelmingly voted against a proposal that would scale back the company's diversity, equity and inclusion efforts.

The Independent UK

Costco defends its diversity policies as other US companies scale theirs back

Costco is pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity and inclusion practices

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Fortune

SEC says former Express CEO secretly took advantage of $1 million in company perks, including a private jet, as the company was sliding into bankruptcy

Former chief executive Tim Baxter left the retailer in September 2023, seven months before Express filed for Chapter 11 bankruptcy.

Investors Business Daily

Walmart Stock, Costco Roar As They Create Amazon-Like Businesses

The traditional retailers have outrun many Big Tech stocks amid e-commerce shift in a complex consumer environment.

International Business Times

US Consumers To Bargain Hunt In Annual 'Black Friday' Spree

US shoppers are coming out in force this holiday season, but the festiveness is being tempered by inflationary pressures that have abated but not completely faded.

Fortune

Here's what comes next for Tapestry and Capri after the death of their major fashion merger

Now Michael Kors' owner Capri has to figure out how to survive without the Tapestry deal.

The Independent UK

Wall Street makes wagers on the likely winners and losers in a second Trump term

Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy and markets

International Business Times

America's Biggest Retailers Will Face 'Massive Upheaval' In Wake of Trump Tariffs, Former Target Exec Warns

Action on tariffs, taxes, immigration and regulations could have huge effects on Walmart, Costco and Target

International Business Times

Nike Earnings Drop, Says Turnaround Will Take Time

Nike reported a drop in profits Tuesday on sagging revenues as the sports giant cautioned that a turnaround from a rocky period would take time under a new CEO. The athletics company's financials showed lower sales in every operating region, as its CFO pointed to lackluster store traffic in China…

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