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Target and Bud Light bowed to pressure for supporting LGBTQ people, but now many of those shoppers may take their money elsewhere.
Target, for example, warned investors of price promotions in the pipeline.
Between inflation and a possibly looming recession, some big box stores are on edge.
The company missed profit expectations, and its leadership is warning of a soft holiday season.
The retailer is planning to expand some new stores to include dedicated space for shipping and picking up online orders.
With people living and working longer, many companies see the rules as outdated.
Big-box retailers are dumping excess inventory because of lower sales. Liquidators, who resell that merchandise, are thriving.
Wholesale inventories were up in April. But now, some stores have too much inventory while others struggle to get the inventory they need.
Strong earnings from Nordstrom, Macy’s and Dollar General suggest pent-up demand and a reframing of what people consider essential spending.
Big stores like Walmart and Target didn’t foresee consumers pivoting away from shopping and toward going out.