Target said the category grew high-single-digits in the latest quarter, benefiting from exclusive offers for Swift’s latest release.
Read More Taylor Swift’s ‘Tortured Poets Department’ proves on-Target for retailerTag: sales
Red Lobster Files For Chapter 11 Bankruptcy After Disaster All-You-Can-Eat Shrimp Promotion
The Seafood chain Red Lobster, which lost millions over its all-you-can-eat-shrimp promotion last year, has officially filed for bankruptcy after the chain shut down almost 100 locations last week.
Read More Red Lobster Files For Chapter 11 Bankruptcy After Disaster All-You-Can-Eat Shrimp PromotionTarget Plans To Reduce Pride Merchandise After Backlash
Target has stated that it will remove LGBTQ-themed merchandise from select stores in June in response to negative feedback on its sales during Pride Month last year.
Read More Target Plans To Reduce Pride Merchandise After BacklashUS wholesale inventories drop by unrevised 0.4% in March
U.S. wholesale inventories fell, confirming that inventory investment was a drag on economic growth in the first quarter.
Read More US wholesale inventories drop by unrevised 0.4% in MarchGM and Ford count on gas-powered trucks as EV growth slows
GM and Ford face a challenge in common when explaining to investors where profit growth will come from.
Read More GM and Ford count on gas-powered trucks as EV growth slowsFord Delaying Electric SUV, EV Truck Production
Ford Motor has announced the car manufacturer is delaying production of the planned launches of three-row EVs in Canada and its next-generation pickup truck in Tennessee.
Read More Ford Delaying Electric SUV, EV Truck Production