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Target's price hikes, Walmart's China strategy, and Starbucks' tough love: Retail news roundup

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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Image for article titled Target's price hikes, Walmart's China strategy, and Starbucks' tough love: Retail news roundup
Graphic: Images: Scott Olson, Spencer Platt, Tim Boyle, Bruce Bennett


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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Image for article titled Target's price hikes, Walmart's China strategy, and Starbucks' tough love: Retail news roundup
Image: Scott Olson (Getty Images)

Target shoppers will soon see higher prices for fruits and vegetables, CEO Brian Cornell warned.

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Customers shop at a Walmart Neighborhood Market store in Chicago, Illinois.
Customers shop at a Walmart Neighborhood Market store in Chicago, Illinois.
Image: Scott Olson (Getty Images)

Walmart is reportedly pushing its Chinese suppliers to absorb the costs of U.S. tariffs.

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People exit a Starbucks in New York City.
People exit a Starbucks in New York City.
Image: Spencer Platt (Getty Images)

Starbucks CEO Brian Niccol wants corporate employees to work harder and take accountability for the coffee giant’s financial health.

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Shoppers enter and leave a Costco in Niles, Illinois.
Shoppers enter and leave a Costco in Niles, Illinois.
Image: Tim Boyle (Getty Images)

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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A Best Buy in Levittown, New York.
A Best Buy in Levittown, New York.
Image: Bruce Bennett (Getty Images)
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Walmart CEO Doug McMillon during CES 2024.
Walmart CEO Doug McMillon during CES 2024.
Image: Ethan Miller (Getty Images)

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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An aerial view of a customer entering a Target Store on February 28, 2025 in Sausalito, California.
An aerial view of a customer entering a Target Store on February 28, 2025 in Sausalito, California.
Image: Justin Sullivan (Getty Images)


Target (TGT) customers may continue to hold off on purchases, adding to the retailer’s challenges.

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A customer walks by a Target store in Chicago, Illinois.
A customer walks by a Target store in Chicago, Illinois.
Image: Scott Olson (Getty Images)

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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People sit at a restaurant in July 2024 in Paris, France.
People sit at a restaurant in July 2024 in Paris, France.
Image: Ryan Pierse (Getty Images)

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 coffees outside of the flagship Starbucks store in Seattle, Washington.
Starbucks coffees outside of the flagship Starbucks store in Seattle, Washington.
Image: Melanie Conner (Getty Images)

Starbucks is cutting 13 drinks from its menu, but is offering some alternatives for customers who might miss them.

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