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Profit Slide At Target Hints Challenging Holiday For Retailer

NEW YORK (AP) — Target’s third-quarter profit tumbled as the retailer struggles to lure shoppers that are being pressed by stubbornly high inflation. The Minneapolis company said Wednesday that it expects its sales slump to extend through the critical holiday shopping season. The company also announced that it’s planning to invest another billion dollars next year to remodel stores, build new ones, increasing the total cost for the makeover to $5 billion. Investors have punished Target’s stock recently, sending it down 43% over the past year. Shares were essentially flat in ...

Economic Uncertainty

NEW YORK (AP) — American shoppers are expected to spend more during this holiday shopping season than last year despite economic uncertainty and rising prices. The 2025 forecast from the National Retail Federation on Thursday estimates that shoppers will collectively spend between $1.01 ...

Pizza Hut’s Parent Company Says It’s Considering Selling The Chain

Pizza Hut could soon be up for sale. Yum Brands, Pizza Hut’s parent company, said Tuesday it’s conducting a formal review of options for the brand, which has struggled to compete in a crowded pizza market. Yum CEO Chris Turner said Pizza Hut has many strengths, including a global ...

McDonald’s Boosts Third Quarter Sales

McDonald’s sales got a lift from Snack Wraps and other value-oriented products in the third quarter. But McDonald’s Chairman and CEO Chris Kempczinski warned Wednesday that consumers in the U.S. and other top international markets remain under economic pressure, a problem he thinks will persist well into 2026. Concern about SNAP food aid benefits and whether the U.S. government will pay them during the shutdown is exacerbating those worries, he said. Kempczinski said U.S. visits to fast food restaurants by lower-income consumers fell again in the July-September period, a trend ...

DoorDash Reports More Orders Than Expected In Third Quarter

DoorDash reported higher-than-expected orders and revenue in the third quarter but warned investors that it will be spending significantly more on product development next year. The San Francisco delivery company’s shares fell by double-digits on that news in after-hours trading. DoorDash said Wednesday its total orders rose 21% to 776 million in the July-September period. That beat Wall Street’s forecast of 770 million, according to analysts polled by FactSet. DoorDash’s revenue jumped 27% to $3.45 billion. That also beat analysts’ forecasts of $3.35 billion. The company ...

‘More Mindful’

NEW YORK (AP) — Uncertainty over the economy and tariffs is forcing retailers to pull back or delay plans to hire seasonal workers who pack orders at distribution centers, serve shoppers at stores and build holiday displays during the most important selling season of the year. American ...