{
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001122334455554433221100

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

home depot bets on pro business with 18.25 billion dollar acquisition

Home Depot's $18.25 billion acquisition of SRS Distribution aims to enhance its pro business, which now accounts for a significant portion of its sales. The deal is expected to boost growth amid a challenging market, as Home Depot seeks to leverage SRS's specialized offerings and logistics network to cater to professional contractors. Despite current economic pressures, the acquisition is seen as a strategic move to expand into a $1 trillion market.
CNBC
United States Dollar p H u S L { U ] e n y a : , w r " [ } m D s o c t Ted Decker Dan Tinker Chuck Grom Joe Feldman Show more
Finance & Economy, Market Report
17:04 15.11.2024
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