2 Stocks Trading at 3-Year Lows After Bear Notes
Target Corp (NYSE:TGT) stock is trading at three-year lows today, after BofA Global Research lowered its price target on the retailer to $120 from $135, citing continued sales decline.
How Target's $1 billion crime losses could crash TGT stock
Over the last few quarters, retailers have called out shrink as one of the main reasons for a drain on profits and mostly blamed theft for those losses. Shrink is what inventory losses are called i...
VinFast Auto EV sales falling far short of 2023 target
VinFast Auto Ltd (NASDAQ:VFS)'s plans to deliver 40,000 to 50,000 electric vehicles (EV) in 2023 looks to be in jeopardy as the Vietnamese EV maker has reached just 23% of that target thus far this...
Business community speaks out after Target blames crime for store closures
Business leaders are expressing alarm after Target became the latest retailer to blame crime for pulling the plug on stores.
Target (TGT) Plans to Close Nine Stores & Boost Store Security
Target (TGT) plans to close nine stores in four states owing to increased theft and organized retail crimes. It continues to invest in securing the safety of its stores and workers.
VinFast aims to sell up to 50,000 EVs in 2023 — but it has only hit 23% of its target so far
Vietnamese electric vehicle maker VinFast's ambitious plan to sell as many as 50,000 vehicles this year is "unrealistic," according to one analyst.
Target's NYC store closure should be ‘wakeup call' — as plans for nearby outpost delayed: sources
Target's decision to shutter its first Manhattan location amid rampant shoplifting should serve as a "wakeup call to city officials," an industry expert said.
Target citing crime for closing stores shows retailers are fighting an uphill battle
Target's decision to close nine of its stores in major cities, citing persistent large-scale theft at those locations is the latest signal that retailers may be struggling in their battle to contai...
Government shutdown concerns grow, Target closes stores amid thefts: September 27, 2023
Goldman Sachs is putting the odds of a government shutdown at about 90 percent. Target (TGT) is closing nine stores due to rising retail crime.
Target to Shutter 9 Stores Due to Retail Theft Wave
Target is blaming an apparent wave of shoplifting for the closure of nine of its stores. The retailer is shuttering locations Oct. 21 in New York City; San Francisco; Seattle; and Portland, Oregon,...
Target to close nine stores due to rise of organised theft
Target Corp is to close nine stores across four states next month saying that organised retail theft had threatened the safety of its employees and customers. The big-box retailer said organised re...
China Growth Target Hangs in Balance
A new survey of economists on the Chinese economy suggests that China will just about meet its growth target for the year at about 5%. Bloomberg Economics' Chang Shu discusses the data on Bloomberg...
Retailers talk a lot about rising theft. But a retail industry report finds a key metric for it hasn't increased that much.
Retail executives over the past year have talked a lot about “shrink” — or the losses they take due to theft, fraud or employee error — amid a flood of headlines about sometimes violent organized t...
Target Shuttering Nine Locations Over Retail Theft Concerns Shared By Other Retailers
Dick's Sporting Goods, Ulta and Walgreens have attributed slumping earnings numbers to theft and return fraud.
Target closes 9 locations over rising retail theft, crime
Target (TGT) announced the closure of nine of its U.S. locations, citing safety concerns for its employees arising from retail theft and organized crime. Target previously made efforts to combat th...
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