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Target Sales Drop In First Quarter

NEW YORK — Target’s challenge to revive sales and its status as a cheap chic retailer just got more complicated. The discounter announced on Wednesday that sales fell more than expected in the first quarter, and the retailer warned they will slip for all of 2025 year as its customers, worried over the impact of tariffs and the economy, pull back on spending. Target also said customer boycotts did some damage during the latest quarter. The company, long a fierce corporate advocate for the rights of Black and LGBTQ+ people, scaled back many diversity, equity and inclusion ...

What Happens Next

Rite Aid customers can expect their local store to close or change ownership in the next few months, as the struggling drugstore chain goes through another bankruptcy filing. The company plans to sell customer prescription files, inventory and other assets as it closes distribution ...

Jamestown Container Sells Viva Foam Division

OrCon Industries, a custom packaging and material handling company, has acquired the Viva Foam division of Jamestown Container Companies. The acquisition includes the majority of assets and equipment located in Lyons, N.Y. Terms of the transaction were not disclosed. “After nine successful years of operating Viva Foam, we have made the strategic decision to focus more on our core corrugated packaging business,” said Joseph R. Palmeri, vice president and chief operating officer of Jamestown Container Companies. “We are confident that OrCon Industries is the right company to ...

Amazon Posts Solid 1st Quarter Earnings Growth, Outlook Tempered By Tariff Uncertainty

NEW YORK (AP) — Amazon posted higher first-quarter profit and sales that beat analysts’ projections, underscoring the online behemoth’s hold on shoppers looking for low prices and a wide selection in an uncertain economy. The Seattle-based company also reported strong sales growth for its prominent cloud computing arm Amazon Web Services, it said after the market closed Thursday. However, uncertainty about President Donald Trump’s tariffs and consumer spending clouded Amazon’s outlook. Trump’s erratic trade policies — including 145% tariffs on China — have paralyzed ...

What Your Net Worth Statement Is Telling You

A summary of all your assets and liabilities is a crucial first step toward getting a better handle on your finances. Before you start putting together a net worth spreadsheet, gather as much information as you can to get the best sense of what it can tell you. Overall net worth (assets minus liabilities) The ultimate insight from a net worth statement is exactly what it says: the net worth number, which is simply assets minus liabilities. The number in isolation doesn’t tell you too much, but it is a useful benchmark to track over time. A negative net worth figure would obviously ...