Shoppers Cautiously Pushed Up Spending in May
Americans loosened their purse strings in May to update their wardrobes with bright new styles and take advantage of Mother's Day promotions.
Americans loosened their purse strings in May to update their wardrobes with bright new styles and take advantage of Mother's Day promotions.
Target strategically built a wave of buzz around Tuesday's launch of the Missoni for Target line, but the retailer was unprepared for what it created: Mob scenes in stores and a surge that crashed its website for more than a day. So was the near instant sellout a success, or a PR mess?
DailyFinance collects all the new recalls here each week to help you keep track of the food and products to avoid. This week's recalls include vehicles, an herbicide from DuPont, a pin from the Build-A-Bear Workshop, step stools and of course, a ground turkey from Cargill.
Do you get a warm fuzzy feeling when you open your cupboards? If you use products made by companies like Method, King Arthur Flour Company, and Seventh Generation, you're supporting businesses officially certified as do-good corporations by the nonprofit B Lab -- where the "B" stands for "benefit."
For investors who want to buy apparel stocks but don't want to support sweatshops, these stock picks offer promising returns AND a strong moral position.
Target will open its first stores in Canada in 2013, the second-largest discount retailer in the U.S. announced in a statement Thursday. The company agreed to pay $1.84 billion to acquire the leasehold interests for as many as 220 sites operated by Hudson's Bay Co.'s Zellers stores.
In the eyes of 8- to 24-year-old consumers, M&Ms are cooler than Google. That's according to a new poll by Harris Interactive, which found that sugary snacks made up four of that age group's top 10 favorite brands.
It looks like online retailers had a good Cyber Monday: Early estimates indicate sales could have surpassed last year's numbers by 12.7% or more. But unlike Black Friday, Cyber Monday rarely has been the most important shopping day of the year for e-tailers.
Target Corp. will open its first smaller, "urban" store in Seattle in 2012, marking attempts by the second-largest U.S. discount store chain to boost business by expanding beyond its largely suburban customer base.
Target made itself, well, a target for a gay-rights boycott when it made a $150,000 contribution to a pro-business political group. It turns out the group supports a gubernatorial candidate who once attended a fundraiser for a virulently anti-gay nonprofit. Accusations of homophobia are a hard blow for the brand, which has previously enjoyed a gay-friendly reputation.
Many retailers have raised guidance for their upcoming first-quarter earnings reports and saw modest gains in April sales. But stores warn that May could be a weak month due to a late Memorial Day this year. And concerns remain over the health of consumer demand.
Strong holiday sales and cost controls helped Target Corp. (TGT) post a 54% jump in fourth-quarter earnings, easily surpassing Wall Street's expectations. The nation's second biggest discount retailer after Wal-Mart Stores (WMT) announced results Tuesday.











