Weekender: Target's profit 'collapsed' in Q1 as retail smashes into fuel costs

 
 

Weekender

May​ 21,​ 2022 | A roundup of this week's most read stories
 
 
 
 
 
 
 
 
 
 
 
 
 

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May 20 - Hugo Boss COO exits | Foot Locker brand diversification effort working

Friday, May 20, 2022

Hugo Boss COO leaves to head Swiss outdoor brand; Foot Locker's Nike replacement efforts working 'exceptionally well'; Secondhand US market to reach $82B by 2026: ThredUp; Mastercard to

May 19 - Under Armour CEO steps down | Kohl's, Bath & Body Works slide

Thursday, May 19, 2022

Under Armour CEO Patrik Frisk to step down; Bath & Body Works outlook on profit growth turns negative as inflation wears on; REI hires chief supply chain officer as it expands distribution

May 18 - Target's Q1 profit plunges | Century 21 makes a comeback

Wednesday, May 18, 2022

Target's profit 'collapsed' in Q1 as retail smashes into fuel costs; Retailers pledge to address racial profiling, unfair treatment of store customers; After heightened demand during the

May 17 - Inflation hits Walmart's profits | Retail sales up over 11%

Tuesday, May 17, 2022

Consumers were undeterred in April, sending retail sales up over 11%; Google opens second retail store; Bark taps former Nike, Weight Watchers exec as chief marketing officer; Target to award $25M in

May 16 - Belk CEO heads to GameStop | Warby Parker's net loss tops $34M

Monday, May 16, 2022

GameStop poaches former Belk CEO as its new COO; Warby Parker lost $15M in sales as a result of pandemic disruptions in Q1; Belk CEO departs after less than a year in the job; Solo Brands appoints new

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