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Target

Target sees sales recovery in 2024, unveils paid membership tier

by Lionel Rogers
Target sees sales recovery in 2024, unveils paid membership tier

Target on Tuesday reported higher holiday-quarter earnings on a smaller-than-expected sales decline and predicted that annual comparable sales would come in largely above Wall Street expectations, sending its shares up …

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Future operator of Hong Kong’s first ‘light public housing’ flats will be paid less if occupancy rate falls below 85%

by Ron Morgan
Future operator of Hong Kong’s first ‘light public housing’ flats will be paid less if occupancy rate falls below 85%

Hong Kong authorities will reduce the monthly fee paid to the future operator of the first batch of government-built temporary flats if the occupancy rate falls below 85 per cent. …

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Temu to open site to US third-party vendors

by Lionel Rogers
Temu to open site to US third-party vendors

Translated by Nicola Mira Published Feb 28, 2024 Chinese generalist budget e-tailer Temu, as much criticised as it is dreaded in the USA, is reportedly about to open its site …

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Rowing Blazers sells majority stake to Burch Creative Capital

by Lionel Rogers
Rowing Blazers sells majority stake to Burch Creative Capital

Cult menswear brand Rowing Blazers announced on Monday it has sold a majority stake in the business to Burch Creative Capital, and partners Tom Vellios, co-founder of Five Below, and Jason Epstein, partner at …

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Monday Haircare founder launches Osāna Naturals

by David Johnson
Monday Haircare founder launches Osāna Naturals

The founder behind Monday Haircare, Jaimee Lupton, introduced on Thursday Osāna Naturals, a new line of skin and hair care formulations aimed at nourishing both body and mind. Osāna Naturals …

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Target launches limited-time collection with Diane von Furstenberg

by David Johnson
Target launches limited-time collection with Diane von Furstenberg

Target unveiled on Tuesday a limited-time collection in partnership with Diane von Furstenberg, offering a taste of the brand’s signature styles, including the legendary wrap dress, alongside fresh interpretations of …

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Price-conscious shoppers lift Walmart earnings as it preps $2.3 billion Vizio deal

by Lionel Rogers
Price-conscious shoppers lift Walmart earnings as it preps .3 billion Vizio deal

Walmart kicked off U.S. retailers’ reporting season on Tuesday with robust fourth quarter results after inflation-squeezed shoppers flocked to its stores, and said it would buy smart-TV maker Vizio for …

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Windsong Global acquires JVN Hair, Pipette brands

by David Johnson
Windsong Global acquires JVN Hair, Pipette brands

Windsong Global, a consumer-focused investment firm, announced on Tuesday the acquisition of beauty brands JVN Hair and Pipette. JVN Financial terms of the deal were not disclosed. As part of …

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Levi Strauss to cut 15% of corporate jobs; guidance misses estimates

by David Johnson
Levi Strauss to cut 15% of corporate jobs; guidance misses estimates

By Bloomberg Published Jan 26, 2024 Levi Strauss & Co. slumped after announcing it will cut as much as 15% of its corporate workforce to boost efficiency. The company also …

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Shanghai failed to achieve 5.5% economic growth target for 2023 amid ‘complex and severe’ external environment, mayor says

by Anas Siddiqui
Shanghai failed to achieve 5.5% economic growth target for 2023 amid ‘complex and severe’ external environment, mayor says

The city’s gross domestic product (GDP) expanded 5 per cent to 4.72 trillion yuan (US$664.5 billion) last year as the global economy turned out to be weaker than expected, Mayor …

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