Target Corporation (NYSE:TGT) rose over 7% in previous 30 days as it used to be cool, other than it’s not anymore. Sales have dropped for the previous year, other than the retailer’s new CEO Brian Cornell has a plan to turn things about following just 30 days in the corner office. Therefore, Target aims to thin the focus of its stores to a handful of specialties: fashion, baby, kids and wellness. CEO of The Robin Report, Robin Lewis stated a retail strategy newsletter that they are going after young families.
The clothing retailer, The Men’s Wearhouse, Inc. (NYSE:MW) declared a 71% profit pleasured to the $1.8B purchase of rival firm Joseph A. Bank Clothiers. The firm released profit of $12.3M, or 25 cents per share, down from $42.9M, or 85 cents per share, in the year-ago period. Total revenue rose 24.1 year-over-year to $803.1M from $647.3M.
A Moscow court postponed hearing a case filed by the consumer-safety regulator alongside McDonald’s Corporation (NYSE:MCD) for a month because the U.S. fast-food chain defended the calorie count it publishes for its food. The firm’s Russian unit declared by e-mail before the hearing began that McDonald’s forever provides its customers with trustworthy nutritional information of products that has been confirmed by the repeated research results and reflected in the federal consumer agency conclusion. The firm’s lawyers declared that they had the laboratory, which carried out the consumer-safety regulator’s earlier tests replicate them in July, and the results showed no violations.