Author: Aishwarya Venugopal

By Aishwarya Venugopal and Uday Sampath Kumar (Reuters) – Target Corp on Tuesday cut its quarterly profit margin forecast issued just weeks earlier, and said it would have to offer deeper discounts to clear inventory as decades-high inflation takes a toll on demand. The surprise outlook revision sent shares of Target down nearly 7% in…

By Mehr Bedi and Aishwarya Venugopal (Reuters) – Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S. retail industry in an inflationary environment, thanks to the deep pockets of their customer base. The retail landscape is feeling the strain of decades-high inflation as a sharp increase…

By Uday Sampath Kumar and Aishwarya Venugopal (Reuters) – U.S. retailer Target Corp posted record holiday quarter earnings on Tuesday and forecast an upbeat 2022 as it expects supply chain pressures to ease later in the year, lifting shares 12% in early trading. Margins remain front and center for investors this earnings season, with big…

By Aishwarya Venugopal (Reuters) – Target Corp on Wednesday raised its sales forecast for the holiday season, boosted by early Christmas shopping by Americans, even as the retailer warned of higher costs, fueling concerns that its margins could come under more pressure. Like Walmart, Target also reported a drop in gross margins for the third…

By Aishwarya Venugopal and Richa Naidu (Reuters) -Walmart Inc on Tuesday raised its annual sales and profit forecast in anticipation of a surge in demand for toys and apparel during the crucial holiday season, even as global supply chain disruptions hit its margins in the third quarter. Shares of the world’s largest retailer were flat…