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Retailers: Theft Is Killing Our Bottom Lines

Target expects to lose up to $1B this year due to 'shrink,' also taking a toll on Dollar Tree, Kohl's

(Newser) - Dollar Tree is the latest company to partly blame theft for plunging profits. The company's gross profit margin fell to 29.8% last quarter from 32.7% a year earlier, CEO Richard Dreiling and CFO Jeffrey Davis told Wall Street analysts on Thursday, per CNN . They attributed much of...

Backlash to Pride Merch Hurt Target
Backlash to
Pride Merch
Hurt Target

Backlash to Pride Merch Hurt Target

Retailer sees quarterly sales fall for the first time in 6 years

(Newser) - Target's quarterly sales dropped for the first time in six years, due in part to the "strong reaction" to its Pride month offerings, the company said Wednesday. Sales at stores open for at least a year fell 5.4% last quarter, while foot traffic declined 4.8%, CNN...

Group Accuses Kellogg of 'Sexualizing' Products

Conservative group is also targeting cereal-maker's diversity programs

(Newser) - A conservative legal group run by former Trump adviser Stephen Miller has taken aim at Target and Kellogg, which it accuses of breaking the law with its diversity programs—and of "sexualizing" its products. In a complaint filed with the Equal Employment Opportunity Commission, America First Legal said policies...

Adults Cruelly Prank a Kid, Who Gets the Last Laugh
Adults Cruelly Prank a Kid,
Who Gets the Last Laugh
in case you missed it

Adults Cruelly Prank a Kid, Who Gets the Last Laugh

Men send hearing-impaired boy on a bogus shopping spree

(Newser) - It's a rough story with a happy ending. As the Washington Post recounts, three men pranked an 8-year-old boy who is partially deaf at a Target store in Connecticut. But when news of the prank spread, Good Samaritans stepped up to make things right. It all took place last...

Bud Light Sales Dip, but It Remains Top-Selling Brew

Memorial Day week sales were down nearly 24% from 2022, but that's a mild improvement for the brand

(Newser) - Bud Light sales heading into to Memorial Day weekend were down by nearly 24% from 2022, reports CNN , but it remains America's best-selling beer. The Memorial Day week numbers marked a mild improvement over previous weeks, suggesting the brew has weathered the worst of the fallout from the right...

Pitcher Booed at Home After Anti-LGBTQ Post

Anthony Bass of the Toronto Blue Jays has apologized

(Newser) - Toronto Blue Jays pitcher Anthony Bass does not appear to be a fan favorite at the moment after he shared an anti-LGBTQ video on social media. When the relief pitcher entered the game Wednesday night in Toronto, hometown fans could be heard booing, reports Yahoo Sports and . What'...

Target Pulls Some Pride Merchandise, Citing Threats
Target Yanks Some Pride Merch

Target Yanks Some Pride Merch

Employees feared for safety, designer faced death threats

(Newser) - Target will remove some LGBTQ-themed merchandise from its stores and website after shoppers threatened store employees and knocked down displays. The retailer has received negative reactions to its Pride Month merchandise, including rainbow-colored clothing and decor items, in the past, but employees have been met with an aggressive response this...

Target Recalls Weighted Blankets After Girls' Deaths

Pair suffocated with Pillowfort product

(Newser) - Target is recalling more than 200,000 weighted blankets after a pair of young girls suffocated earlier this year, reports CBS News . The recall involves 204,000 Pillowfort blankets, the chain and the Consumer Product Safety Commission said Thursday. The recall notice warns that a "young child can become...

Target, Other Retailers Weigh Down Markets
Target, Other Retailers
Weigh Down Markets

Target, Other Retailers Weigh Down Markets

Target drops 13.1% after dismal financial report

(Newser) - Wall Street closed lower on Wednesay as hefty drops in retailers and technology companies offset gains elsewhere in the market. The S&P 500 fell 32.94 points, or 0.8%, to 3,958.79. The Dow Jones Industrial Average fell 39.09 points, or 0.1%, to 33,553....

Boy, Woman Stabbed in 'Unprovoked' Attack at Target

Suspect was shot and killed by security guard in Los Angeles store

(Newser) - A security guard at a Target store in downtown Los Angeles shot and killed a man who allegedly stabbed two people, including a 9-year-old boy, in an "unprovoked" attack Tuesday. Police say the "heinous act" began around 6:40pm when the 40-year-old suspect plucked a 9-inch knife from...

Inflation Affects Walmart, Target Holiday Strategies

With prices going up, retailers expect shopping to start earlier

(Newser) - This fall, it won't just seem like the holiday shopping season is starting early. Walmart and Target on Thursday announced an earlier-than-normal launch as part of their holiday sales strategy. As CNN puts it, "Halloween is still a month away, but Walmart is ready for Christmas." Anticipating...

Cops: YouTubers Built Fort, Hid Inside Target Until 3am

They could get up to 7 years for '24-hour Target challenge'

(Newser) - Police in Pennsylvania say two people hid inside a Target store and remained there for hours after it closed—and they might have gotten away with it, if they hadn't documented their activities in a YouTube video titled "24 Hour Overnight Challenge in Target." Police say Charlotte...

Some New Hires at Target to Get Paid a Lot More

Company plans to raise starting wage to $24 where competition for workers is fiercest

(Newser) - Target's current starting wage is $15 per hour, more than double the federal minimum wage—and in some areas, it's going to go a lot higher. The company said Monday that it plans to spend an extra $300 million this year to attract and retain workers with moves...

Target Will Soon Hand-Deliver Starbucks to Customers

The ones using curbside pickup, that is

(Newser) - If your Saturday to-do list generally involves Target and Starbucks, life may be about to get easier. Target on Wednesday announced it will this year start testing an option in select stores where you can add a Starbucks coffee order to your Target Drive Up order, meaning your Target goods...

Target Makes a Permanent Move on Thanksgiving

All stores will be closed on the holiday, this year and going forward

(Newser) - Target is bailing from one aspect of the holiday shopping rush: Its stores will be closed on Thanksgiving—not just this year, but on all Thanksgivings going forward, reports MarketWatch . The shift can be chalked up to the pandemic: The chain chose to close last Thanksgiving, and it also spread...

As Competition for Workers Heats Up, Target Offers Debt-Free Education

Company says it will cover entire cost of 250 business-related programs

(Newser) - With competition for retail workers heating up, Target has joined a growing number of employers, including rival Walmart , offering free college tuition. The retail giant says it plans to invest $200 million over the next four years in a program to offer " debt-free undergraduate degrees " and free textbooks,...

Target to Stop Selling Pokemon Cards in 'Abundance of Caution'

Trading cards are rising in value and spurring threats; store also won't sell MLB, NFL, NBA cards

(Newser) - If you're looking to add to your stash of Pokemon trading cards, don't head to your local Target: The retail giant has decided to no longer sell them after a violent confrontation last week in a Target parking lot. Starting Friday, Target will no longer sell trading cards...

PETA's Monkey Labor Claim Sees Another Big Casualty

Target the latest to drop Chaokoh coconut milk

(Newser) - A brand of coconut milk is slowly disappearing from the shelves of America's retailers thanks to an effort by PETA . Target on Monday confirmed to USA Today that it no longer sells Chaokoh coconut milk after PETA accused the Thai brand of relying on forced monkey labor. Since 2019,...

Hasbro Warns: Take These Water Guns Away From Kids

53K Super Soakers recalled due to lead risk

(Newser) - Squirt guns: the perfect activity for a summer stuck at home, right? Well, not so much for the thousands of people who bought two particular styles of Nerf's Super Soaker water guns between March and July of this year at Target. Hasbro is recalling 52,900 Super Soaker XP20...

She Tore Down Masks in Target, Now Blasts 'Classless' Act
She Tore Down
Masks in Target,
Now Blasts
'Classless' Act
in case you missed it

She Tore Down Masks in Target, Now Blasts 'Classless' Act

Melissa Rein Lively blames mental health struggles for July 4 incident in Scottsdale, Ariz.

(Newser) - "This s---'s over!" Melissa Rein Lively ranted in a video posted last month, ripping face masks for coronavirus protection off their rack at an Arizona Target and throwing them on the floor. The self-recorded clip—in which Lively also shows off a Rolex watch she says is...

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