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Business

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 ...

Manufacturing Leadership

The Manufacturers Association of the Southern Tier marked its 125th anniversary recently of working to advance manufacturing across Western New York. The association’s annual meeting, held at the Chautauqua Harbor Hotel, brought together industry leaders, educators, workforce partners and ...

Walmart CEO Doug McMillon Announces Surprise Retirement

NEW YORK (AP) — Walmart CEO Doug McMillon, who turned America’s largest retailer into a tech-powered giant and spearheaded a period of robust sales growth since becoming chief executive in 2014, plans to retire early next year, the company said Friday in a surprise announcement. John ...

Home Depot Reports Mixed Financial Results

Home Depot’s third-quarter was mixed with fewer violent storms reaching shore, more anxiety among U.S. consumers and a housing market that is in a deep funk. The company lowered its fiscal 2025 adjusted earnings forecast but raised its expectations for sales growth. For the three months ...

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 ...