Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Minneapolis, United States
Retail
Target to Start Holiday Discounts in October
The retailer said it will expand Black Friday pricing for the whole of November, promising shoppers nearly 1 million more deals than last year.
Target to Start Holiday Discounts in October
The retailer said it will expand Black Friday pricing for the whole of November, promising shoppers nearly 1 million more deals than last year.
Retail
Target Sees Record Sales Since March
The American retailer's comparable sales rose 24 percent in the second quarter.
Target Sees Record Sales Since March
The American retailer's comparable sales rose 24 percent in the second quarter.
Retail
Target Increases Hourly Wage to $15
The big box retailer said the new hourly rates, effective July 5, will be accompanied with bonuses, paid leave and other benefits.
Target Increases Hourly Wage to $15
The big box retailer said the new hourly rates, effective July 5, will be accompanied with bonuses, paid leave and other benefits.
Retail
Violence, Looting Spreads as Protests in US Continue
Another night of outrage left stores smashed and looted in many American cities, as curfews failed to quell violence that replaced peaceful daytime demonstrations over the death of a black man seen on video gasping for breath as a white Minneapolis police officer knelt on his neck.
Violence, Looting Spreads as Protests in US Continue
Another night of outrage left stores smashed and looted in many American cities, as curfews failed to quell violence that replaced peaceful daytime demonstrations over the death of a black man seen on video gasping for breath as a white Minneapolis police officer knelt on his neck.
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Retail
Target's Online Sales Surge Eases Coronavirus Pain
Despite an online comparable sales jump of 141 percent, net profit fell 64.3 percent in the first quarter.
Target's Online Sales Surge Eases Coronavirus Pain
Despite an online comparable sales jump of 141 percent, net profit fell 64.3 percent in the first quarter.
Retail
Target's Online Sales Jump as Shoppers Stock Up From Home
The big box retailer expects to gain market share in apparel as competitors struggle.
Target's Online Sales Jump as Shoppers Stock Up From Home
The big box retailer expects to gain market share in apparel as competitors struggle.
News & Analysis
Target Takes on Sephora and Ulta With a Revamped Beauty Section
Target is updating its beauty section to showcase independent and homegrown brands, in a bid to win over young shoppers from specialty retailers.
Target Takes on Sephora and Ulta With a Revamped Beauty Section
Target is updating its beauty section to showcase independent and homegrown brands, in a bid to win over young shoppers from specialty retailers.
Retail
Target Quarterly Results Trounce Estimates on Higher Online Sales
The American retailer has been spending more on its same-day delivery with services in a bid to better compete with rivals Amazon and Walmart.
Target Quarterly Results Trounce Estimates on Higher Online Sales
The American retailer has been spending more on its same-day delivery with services in a bid to better compete with rivals Amazon and Walmart.
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News & Analysis
University Student Sues JD.com CEO with Rape Allegation
Jingyao Liu, a 21-year-old University of Minnesota student at the time of the incident, charged the Chinese company and its employees played a key role in the alleged rape by CEO Richard Liu.
University Student Sues JD.com CEO with Rape Allegation
Jingyao Liu, a 21-year-old University of Minnesota student at the time of the incident, charged the Chinese company and its employees played a key role in the alleged rape by CEO Richard Liu.
Retail
Target Raises Minimum Wage to $13 an Hour
The retailer is increasing its payroll costs and putting new pressure on rivals like Walmart to attract retail workers in a tight labour market.
Target Raises Minimum Wage to $13 an Hour
The retailer is increasing its payroll costs and putting new pressure on rivals like Walmart to attract retail workers in a tight labour market.
Retail
Target Shares Jump due to Improved 2019 Forecast
The retailer predicted a full-year adjusted profit above Wall Street estimates after better-than-expected holiday quarter results.
Target Shares Jump due to Improved 2019 Forecast
The retailer predicted a full-year adjusted profit above Wall Street estimates after better-than-expected holiday quarter results.
Retail
Target's Online Push Pays Off, But Profit Misses Forecasts
Digital revenue rose 28 percent after the chief executive made e-commerce a key part of his $7 billion turnaround plan.
Target's Online Push Pays Off, But Profit Misses Forecasts
Digital revenue rose 28 percent after the chief executive made e-commerce a key part of his $7 billion turnaround plan.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.