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Target s quarterly earnings report surprised investors on Wall Street Wednesday, who saw data showing that the popular U.S. retailer saw profits plunge nearly 90% as the company tried to offload pilled-up inventory amid red hot rising inflation while facing wary U.S. shoppers. Executives said their actions have been necessary, albeit tough, to put the company in a stronger position for the remainder of the year, the New York Times reported. RELATED: T.J. Maxx expects lower profits as shoppers curb spending amid rising inflationNet profits for the company nose-dived to $183 million during a three-month window ending on July 30, shocking Wall Street
stanley cup usa despite previous warnings that the company had over-ordered, creating an excess inventory environment that executives had to find a way to sell. Target was bloated with $15.3 billion in
stanley cup inventory, which was a 36 percent increase from the ye
stanley cup spain ar before. Brian Cornell, CEO of Target, told investors on a Wednesday call that the environment for retailers like his company remains challenging, CNN Business reported. Cornell reassured that the company, though, is witnessing an encouraging start to the back-to-school shopping period. Christina Hennington, Target s chief growth officer, said she was encouraged by how gas prices in the U.S. have decreased a bit. She said that the company hears from customers who say they still have spending power, but theyre increasingly feeling the impact of inflation. Issues like these appear to be aff Yadp Milwaukee teen shot, killed near 92nd and Sheridan
BENTONVILLE, Ark. 鈥?Walmart is recalling bottles of an aromatherapy room spray due to the possible presence of a rare and dangerous type of bacteria thats been linked to two deaths.The Consumer Product Safety Commission CPSC announced Friday that the company is recalled about 3,900 bottles of Better Homes and Gardens-branded- Essential Oil Infused Aromatherapy Room Spray with Gemstone
stanley cups uk s in six different scents.The Centers for Disease Control and Prevention CDC says laboratory tests identified the bacteria Burkholderia pseudomallei in one of the affected bottles. The bacteria is known to cause melioidosis.The spray was found in the home of a Georgia resident who became ill with melioidosis in late July, according to the CDC.The CDC has been investigating a cluster of four cases of melioidosis in the country. Officials
kubki stanley say four cases have been reported in Kansas, Minnesota, Texas, and Georgia. Two of those people died and one of them wa
stanley cup s a child.The CDC says its continuing testing to see if the genetic fingerprint of the bacteria in the bottle from Georgia matches those of the bacteria identified in the four patients.The aromatherapy room spray was sold at about 55 Walmart stores nationwide and online at Walmart from Feb. 2021 through Oct. 2021 for about $4. Better Homes and Gardens Aromatherapy, is printed on the label on the front of the 5-ounce glass bottle. The aromatherapy was sold with a pump spray nozzle in the following scents and product numbers:84140411420 Bette