On Monday, under new policy included in President Trump’s tax law, Supplemental Nutrition Assistance Program (SNAP) benefits that have provided low-income Americans with more purchasing power in the grocery store begin to go into effect. According to one estimate, it is “the largest cut to SNAP in history,” a federal program which in one form…
Ulta Beauty on Thursday raised its full-year forecast, after reporting growth in all major categories and topping Wall Street’s quarterly sales expectations. The beauty retailer said it expects net sales of between $12 billion and $12.1 billion, up from its previous range of $11.5 billion and $11.7 billion, representing an increase from last fiscal year’s…
The conundrum of the stock market going down ahead of Jackson Hole confounded me. With a market that had been headed down every day, except for deep cyclicals and housing-related stocks, the setup seemed extreme. By the end of the week, the bet was one way: Federal Reserve Chairman Jerome Powell , perhaps because he…
Customer with shopping cart in the snack aisle of a Walmart store in Florida City, Florida in the on August 5, 2025. JC Milhet | AFP | Getty Images As some of the biggest names in retail, including Walmart and Home Depot, delivered earnings results in recent weeks, they updated Wall Street on how they…
The logos of Walmart and Sam’s Club are pictured in Cuautitlan Izcalli, Mexico, January 30, 2025. Raquel Cunha | Reuters Walmart on Thursday raised its full-year earnings and sales outlook as its online business posted another quarter of double-digit gains, even as the company said costs are rising from higher tariffs. The big-box retailer topped…
People walk by a Target store in midtown Manhattan in New York City, March 21, 2025. Kylie Cooper | Reuters When Target’s new CEO Michael Fiddelke steps into the role in early February, he will inherit a company facing slumping sales, faltering customer loyalty and skeptical investors. Its fiscal second-quarter results posted Wednesday illustrated the…
In an aerial view, a Target store is seen on August 11, 2025 in Austin, Texas. Brandon Bell | Getty Images Target will report fiscal second-quarter earnings before the bell on Wednesday, as investors look for signs that the struggling discounter is getting back on track. Here’s what Wall Street expects for the company’s most…
As more tariffs take effect on goods imported into the U.S., a specific accounting method could have major implications for how American retailers calculate the impact. A tariff adds to the cost of an imported item when it’s received and paid for when it crosses a border. While there’s debate over who pays that tariff —…
A man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria November 5, 2019. Temilade Adelaja | Reuters Coca-Cola plans to introduce a version of its namesake cola made with cane sugar in the U.S. this fall, the company announced on Tuesday. Coke has used high-fructose corn syrup to…
After years spent in kitchens across the country, Chris Kirby was burnt out. The restaurant lifestyle was demanding and all encompassing, and the 26-year-old found himself not doing much else besides working and going to the bars after a long shift. “I kept waking up in the morning like, ‘Man, life has to be about more…
