{
Brian Cornell

People

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corporate retreat from diversity equity and inclusion efforts accelerates amid political shifts

The rollback of diversity, equity, and inclusion (DEI) initiatives by major corporations reflects a broader shift influenced by the Trump administration's policies. Companies like Target and McDonald's have scaled back their DEI commitments, citing the need to align with changing political landscapes, while others continue to navigate these challenges quietly. This retreat disrupts decades of progress aimed at reducing workplace discrimination and expanding opportunities for minorities and women.
Bloomberg.com
Turkish Lira United States Dollar Netflix Inc American Airlines Group Inc. Morgan Stanley Tesla, Inc. Southwest Airlines Co. Unilever PLC USA Stacey Abrams Brian Cornell Barack Obama George Floyd Show more
Business & Industry, News Article
18:01 19.03.2025

us retailers extend black friday deals to boost consumer spending

US retailers are extending Black Friday deals into weeks-long sales events to stimulate consumer spending, which is showing signs of slowing. Major retailers like Walmart, Amazon, and Target are offering significant discounts, yet general merchandise sales fell 3% year-on-year as consumer confidence remains low amid persistent inflation concerns. Despite forecasts of nearly $1 trillion in holiday sales, growth is expected to be the slowest since 2018, prompting retailers to incentivize purchases across different income levels.
@FinancialTimes
United States Dollar Amazon.com, Inc. Target Corporation The Home Depot, Inc. Walmart Inc. Macy's, Inc. USA Gregory Daco Jack Kleinhenz Brian Cornell Donald Trump Show more
Finance & Economy, Market Report
19:27 24.11.2024

target faces challenges from inventory mismanagement and declining consumer demand

Target's recent earnings miss is attributed to higher freight costs and a decline in discretionary spending, exacerbated by a short-lived U.S. port strike. Despite preemptively increasing inventory, trade data reveals no significant surge in imports compared to last year, indicating deeper issues with consumer demand and strategy. As a result, Target faces elevated inventory levels and increased discounting to clear stock, while Walmart continues to gain market share.
CNBC
United States Dollar Walmart Inc. Target Corporation USA GBR Michael Fiddelke Lynn Hughes Melissa Repko Joe Feldman Bill Simmons Jerry Storch Brian Cornell Show more
Finance & Economy, Market Report
13:36 21.11.2024

walmart soars while target struggles amid diverging retail earnings reports

Walmart's stock soared to an all-time high, while Target's plummeted to a 52-week low following disappointing earnings. Target reported its largest earnings miss in two years, attributing it to a decline in discretionary spending and increased costs, while Walmart raised its full-year forecast, benefiting from a stronger sales performance and gaining upper-income shoppers. Analysts express concerns over Target's market share loss to competitors like Walmart and Amazon, highlighting issues with its merchandise mix and execution.
CNBC
Walmart Inc. Target Corporation USA Michael Lasser Mike Baker Paul Lejuez Kate McShane Brian Cornell Show more
Finance & Economy, Market Report
22:07 20.11.2024
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