Target’s Sloppy Stores | Inflation Friday | Meta: 10% of Ads Scammy
Target’s sloppy stores are wearing on shoppers, and its turnaround could hinge on cleaning them up at CNBC. “The company is now rolling out a new approach that designates only some of its stores as locations where employees pick and pack orders in cardboard boxes to ship to customers’ homes. Other stores have stopped fulfilling those orders entirely. The company has expanded that plan to 36 markets as of the end of October, more than half of its 60 markets, after a successful pilot in the Chicago area, said Gretchen McCarthy, chief supply chain and logistics officer. It plans to expand that further in 2026.” Read more
Shein Eyes $2 Billion Profit in 2025 Despite US Tariff Headwinds at Bloomberg. “…(Shein) is also forecasting mid-teen percentage growth in sales, according to people familiar with the matter…it appears that the company’s price hikes have passed the tariff burden to shoppers, protecting its bottom line.” Bloomberg subs.
Wayfair Tests Smaller Format Store in Columbus, Ohio Press release
Inflation is so bad Americans are counting on Black Friday just to afford groceries and everyday essentials at Fortune/AOL. “…one in four consumers say they plan to use Black Friday only for everyday essentials…consumers don’t really trust most Black Friday discounts are authentic…84% of shoppers believe retailers inflate prices ahead of the sales to exaggerate discounts.” Read more
Canada Goose Q2 total revenue +1.8% Press release
Shipping giant Maersk raises outlook, CEO says global trade proving more resilient than feared at CNBC. “Maersk said it expects global container market volumes to grow by around 4% in 2025, up from its prior forecast of between 2% to 4%. (CEO) Clerc said it appears as though talk about the death of globalization has been “quite premature.” Read more
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REI names T-Mobile’s Tara Darrow communications head at PR Week. “Before joining T-Mobile in 2017, Darrow worked at Nordstrom for over seven years…putting her crisis expertise to work dealing with the Trump administration after the chain removed Ivanka Trump’s clothing line.” Read more
Warby Parker Q3 net revenue +15.2% Press release
Amazon sends legal threats to Perplexity over agentic browsing at TechCrunch. “Amazon has told Perplexity to get its agentic browser out of its online store…After warning Perplexity multiple times that Comet, its AI-powered shopping assistant, was violating Amazon’s terms of service by not identifying itself as an agent, the e-commerce giant sent the AI search engine startup a sternly worded cease-and-desist letter…” Read more
Meta is earning a fortune on a deluge of fraudulent ads, documents show at Reuters. “Meta projected 10% of its 2024 revenue would come from ads for scams and banned goods, documents seen by Reuters show. And the social media giant internally estimates that its platforms show users 15 billion scam ads a day.” Reuters subs.
Dick’s teams with Paige Bueckers, Bryson DeChambeau, CeeDee Lamb & Draymond Green in Holiday spots Press release
J.D. Power 2025 U.S. Mattress Satisfaction Study Press release
Amazon Inks iHeartMedia Deal for Programmatic Ads, Expanding Push Into Audio at Variety. “The expanded partnership with iHeartMedia comes after Amazon landed a similar pact with Spotify covering programmatic ad inventory. Amazon DSP also provides access to inventory in Amazon Music.” Read more
Tapestry, Inc. Q1 revenue +13% / Coach +22% / Kate Spade -8% Press release
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