Target Corporation (TGT) announced plans to eliminate approximately 1,800 corporate positions on Oct. 23, its first major workforce reduction in a decade. The cuts include about 1,000 current roles and 800 unfilled positions, or roughly 8% of the global corporate team. The move comes as sales remain under pressure, with a 1.9% decline in comparable store sales in the most recent quarter and annual revenue essentially flat over the last four years. TGT shares have tumbled 31.97% year-to-date (YTD), closing ...

Goodlettsville, Tennessee-based Dollar General Corporation (DG) operates as a discount retailer providing various merchandise products, including consumable products, laundry products, food & beverage, and more. With a market cap of approximately $22.5 billion, Dollar General operates thousands of retail stores across the U.S. The retail giant is expected to announce its third-quarter results in early December. Ahead of the event, analysts expect DG to report a profit of $0.95 per share, up 6.7% from $0.8 ...

Bentonville, Arkansas-based Walmart Inc. (WMT) runs supermarkets, warehouse clubs, cash and carry stores, and discount stores. With a market cap of $846.5 billion, Walmart operates through Walmart U.S., Walmart International, and Sam's Club segments. The discount retail giant is expected to announce its third-quarter results before the markets open on Thursday, Nov. 20. Ahead of the event, analysts expect Walmart to report a profit of $0.60 per share, up a modest 3.5% from $0.58 per share reported in the ...

Economic uncertainty and weakening consumer spending have forced many retailers, even long-established chains, to close stores in efforts to restore profitability as they navigate increasingly volatile financial times. While discount retailers have become the preferred shopping spaces for value-focused consumers, one well-known brand has struggled to achieve the same success. Family Dollar's parent company, Dollar Tree, revealed it would begin a round of store closures in 2024, shuttering 600 Family Doll ...

Google Stock Climbs Amid Anthropic Cloud Talks, Quantum Advances 5:40 AM ETGoogle stock climbed amid a report that Anthropic could be a new cloud computing customer while its CEO claimed more... 5:40 AM ETGoogle stock climbed amid a report that Anthropic could be... INVESTING RESOURCES Take a Trial Today BREAKING: Futures Mixed; Tesla Earnings Miss As the Dow Jones Industrial Average and other stock indexes traded mixed Tuesday, discount retail giant Walmart (WMT), Alphabet (GOOGL), Somnigroup (SGI) and Emb ...

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Five Below is expanding its footprint to the Pacific Northwest region of the U.S. with eight new stores this November, per a Friday press release. Each of the new locations across Washington and Oregon will host a grand opening event on Nov. 8 featuring free giveaways, exclusive deals and more. The first 100 customers at each store during the event wil ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: U.K.-based B&M European Value Retail on Monday said its CFO is stepping down as the company revealed it did not correctly recognize about £7 million ($9.39 million) of overseas freight costs in its cost of goods sold, resulting in a “material” impact on its fiscal year 2026 outlook.  Mike Schmidt, the discount retailer’s finance chief since 2022, told the boar ...

B&M saw shares crash more than 20pc after Mike Schmidt’s announced his resignation - Britpix / Alamy Stock Photo The finance chief of B&M has quit after an accounting blunder triggered the discount retailer’s second profit warning in a month. Mike Schmidt, 45, is leaving the retailer following the company’s failure to include £7m worth of freight costs in its latest results – meaning B&M overstated its profits. The mistake led to the retailer releasing inflated profit forecasts earlier this month. As a ...

Shares in B&M fell more than 19% on Monday after the UK discount retailer admitted a £7 million accounting error that will hit its earnings and trigger a leadership change. The company said that overs... ...

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