Target slashing fall receipts as profit plummets 90%

MINNEAPOLIS – Target Corp. continues cutting back on discretionary inventory to invest more in rapidly-growing frequency categories. This morning, the company announced it has also reduced fall season receipts in discretionary categories by more than $1.5 billion.

While Target is planning cautiously for the remainder of the year, executives said current trends support the company’s prior guidance for full-year revenue

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Wells Fargo economist: We are not in a recession, but …

ORLANDO, Fla. – Despite recent consecutive-quarter declines in GDP the U.S. is not currently in a recession.

That was the assessment of Wells Fargo vice president and economist Charlie Dougherty, speaking to a packed audience of retailers and manufacturers at Nationwide Marketing Group’s PrimeTime event this week. Dougherty pointed to a number of countervailing factors that he said mitigate the

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Here’s how ICFA is refreshing its event as it becomes Casual

Casual Market Atlanta is introducing a fresh logo and branding. Inspired by the sun in a blue color palette, the logo represents a new beginning for the market.

HIGH POINT – As the Casual Market relocates to AmericasMart in Atlanta beginning in 2023, the International Casual Furnishings Assn. is refreshing the 60-plus-year-old event. The inaugural Casual Market Atlanta will be

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The metaverse is the future. The future is now. | Bill

The metaverse is the future. The future is now. | BillThe cover of Time Magazine last week featured a cover story on the metaverse. And its subhead should make us all sit up and take notice: The Next Digital Era Will Change Everything.

That’s a big claim, and I’m sure some readers won’t get past the word metaverse in the headline, and others will ask the question, “Why is he

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The big reveal: Mitchell Gold+Bob Williams releases its fall

The Cooper Tete-a Tete combines a classic style with luxurious contemporary edge.

TAYLORSVILLE, N.C. — Home decor and lifestyle brand Mitchell Gold + Bob Williams is releasing its fall 2022 collection with a range of furniture featuring warm color palettes, modern silhouettes and livable luxury.

The Modern Luxe collection assortment includes sofas, benches, swivel and accent chairs, bed frames, storage,

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See the 52 companies joining sponsors to show at fall 2022

HIGH POINT – Eighteen furniture manufacturers and importers are signed on as sponsoring exhibitors for the Sept. 12-13 fall Premarket. So far, an additional 52 non-sponsoring companies have told Furniture Today they will open their showrooms as well.

Premarket is designed to provide furniture retailers with a preview of upcoming High Point Market introductions. These extended appointments allow attending retailers

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