Under its new CEO, Target has been making major changes to its stores in recent months to reconnect with customers after years of declining sales. As the company’s new strategy is implemented, it sees an unexpected change in customer behavior as it works to regain its position in retail. In February, Michael Fiddelke became Target’s…
By Kevin Yao BEIJING, Jan 21 (Reuters) – China is planning to introduce new measures to promote consumption of services, betting that elderly care, healthcare and leisure can offset tepid demand for goods, although analysts say the plan’s success depends on raising household incomes and social well-being. Beijing sees labor-intensive services as key to reorienting…
In the wake of disappointing bank earnings reports and continued inflation concerns, U.S. stock futures indicated a lower open on Tuesday, with investors acting cautiously. The market had rallied the previous week in anticipation of the publication of results from major players such as Morgan Stanley and Bank of America. However, both banks failed to…
