Target's price hikes, Walmart's China strategy, and Starbucks' tough love: Retail news roundup
Plus, Best Buy's following Walmart's lead, yanking Amazon's playbook
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Target’s CEO Brian Cornell warns that President Donald Trump’s looming tariffs will drive up prices on fruits and vegetables, as the retailer works to recapture the “Tarzhay” vibe. Meanwhile, Walmart is asking Chinese suppliers to absorb the costs of U.S. tariffs. Over at Starbucks (SBUX), CEO Brian Niccol is offering tough love, urging employees to work hard and take accountability for the coffee giant’s financial health.
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Target shoppers will soon see higher prices for fruits and vegetables, CEO Brian Cornell warned.
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Starbucks CEO Brian Niccol wants corporate employees to work harder and take accountability for the coffee giant’s financial health.
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Costco (COST) shoppers are on a bulk-buying spree, snapping up groceries, home furnishings and electronics, as the retailer defies growing concerns over rising tariffs and living costs.
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Like Walmart, Best Buy (BBY) is learning from the competition by taking a page out of Amazon’s playbook.
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Walmart is thriving among wealthier shoppers, but for lower-income customers, the situation is more challenging, according to CEO Doug McMillion.
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Target (TGT) announced in early January that it would be scaling back its diversity, equity, and inclusion (DEI) efforts. Now, it’s facing a 40-day boycott.
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The U.S. restaurant industry is bracing for a massive financial hit as a result of the new round of Trump tariffs set to take effect on March 4.
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Starbucks is cutting 13 drinks from its menu, but is offering some alternatives for customers who might miss them.