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Anne Dinnocenzio

Anne Dinnocenzio

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Walmart becomes biggest company to roll back DEI policies under conservative pressure to ‘end wokeness in corporate America’

Walmart's moves underscore the increasing pressure faced by corporate America as it continues to navigate the fallout from the U.S. Supreme Court’s...

26.11.2024 10

Fortune

Anne Dinnocenzio

Cheaper turkey prices make Thanksgiving 2024 a little easier on your wallet

A 10-pound frozen turkey averages $10.40 this year, a 19% decrease from 2023.

21.11.2024 6

Fortune

Anne Dinnocenzio

Target shares plummet on weak third quarter report as price cuts fail to pull in inflation-weary customers

The week quarterly performance is concerning particularly because Target has cut prices on holiday goods.

20.11.2024 20

Fortune

Anne Dinnocenzio

Walmart shares rise on third quarter jump in sales and profits as low prices attract inflation-hit Americans

The nation’s largest retailer raised its outlook for the year as well and shares rose nearly 4% in premarket trading Tuesday.

19.11.2024 10

Fortune

Anne Dinnocenzio

American convenience stores are looking abroad for better food offerings as sales of cigarettes and soft drinks fade

From 7-Eleven to regional chains like QuikTrip, the operators of c-stores, as they're known in the trade, are looking overseas for grab-and-go...

21.10.2024 10

Fortune

Anne Dinnocenzio

Largest U.S. retail association predicts slower holiday sales

The National Retail Federation said its 2024 forecast indicates that shoppers will make $979.5 billion to $989 billion worth of purchases in November...

15.10.2024 6

Fortune

Anne Dinnocenzio

Companies are ‘ever-boarding’ to constantly train workers, keep them flexible, and hire less

"A lot of companies are wanting to be able to move their staff around either through different locations, departments or different roles within the...

30.09.2024 10

Fortune

Anne Dinnocenzio

Kmart, which once had over 2,000 locations, just closed its last major U.S. store

The former retail giant was renowned for its Blue Light Specials.

24.09.2024 20

Fortune

Anne Dinnocenzio

Last full-scale Kmart closes its doors in US

That will leave only a small Kmart store in Miami. It has a handful of stores in Guam and the U.S. Virgin Islands.

24.09.2024 8

Fortune

Anne Dinnocenzio

CrowdStrike global outage has hit small businesses especially hard: ‘I am depending only on myself. It’s pretty devastating’

Businesses from airlines to hospitals have been grappling with a faulty software update that caused technological havoc worldwide.

22.07.2024 10

Fortune

Anne Dinnocenzio

Retail sales flatlined in June as the unstoppable U.S. shopper took a pause

Sales also declined in April, according to revised government figures.

16.07.2024 4

Fortune

Anne Dinnocenzio

Retailer bans personal checks after rise in fraud

Walmart, Macy’s and Kohl’s are among the retailers that still accept personal checks at their stores.

09.07.2024 5

Fortune

Anne Dinnocenzio

Saks Fifth Avenue parent group signs deal to buy upscale rival Neiman Marcus Group for $2.65 billion

The new entity will be called Saks Global, creating a luxury powerhouse at a time when the arena has become increasingly fragmented with different...

05.07.2024 20

Fortune

Anne Dinnocenzio

The unstoppable American consumer slowed in May as retail sales barely budged

High interest rates and high prices on groceries and other necessities are curbing consumer spending.

18.06.2024 5

Fortune

Anne Dinnocenzio

Some retailers and brands 'play it safe' with more subdued Pride Month amid election year

“It’s not dropping the support," said Barbara Kahn, a marketing professor at University of Pennsylvania's Wharton School. “But they’re...

16.06.2024 9

Fortune

Anne Dinnocenzio

Walmart, Target and McDonald’s among slew of retailers promsing steep summer price cuts

Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather.

28.05.2024 40

Fortune

Anne Dinnocenzio

Retail sales disappoint in April, unchanged from previous month

There have been some hints that the Federal Reserve’s campaign to cool inflation by reining in spending may be taking hold.

15.05.2024 30

Fortune

Anne Dinnocenzio

Meet the boomers who’d rather spend $100k to renovate their homes than risk the frozen housing market: ‘It would be too hard to purchase anything else’

“The growing older demographic is more knowledgeable about renovations and planning for their future needs, especially as they prepare to age in...

11.05.2024 100

Fortune

Anne Dinnocenzio

Target, still reeling from 2023’s spring backlash, won’t carry any Pride Month merchandise this year

Target, which operates roughly 2,000 stores, said decisions about where to stock Pride-themed products would be based on “guest insights and...

10.05.2024 60

Fortune

Anne Dinnocenzio

Dr. Martens shares plunge to record lows after CEO exits amid double-digit revenue warning

Trading in Dr. Martens stock was temporarily halted on the London Stock Exchange as it sank to a record-low 0.62 pounds. U.S. shares are down 55% in...

17.04.2024 20

Fortune

Anne Dinnocenzio

Shoppers defying 'vibecession' sent retail sales shooting up in March

Retail sales rose 0.7% last month after being up a revised 0.9% in February, according to the Commerce Department's report on Monday.

15.04.2024 30

Fortune

Anne Dinnocenzio

Over 440,000 Starbucks holiday mugs sold in Target, Walmart recalled after burn, laceration reports

The CPSC said that the mugs, when microwaved or filled with extremely hot liquid, can overheat or break, posing burn and laceration hazards.

22.03.2024 20

Fortune

Anne Dinnocenzio

'We can get you anything': A $1,000-a-month power shopping app that offers rare art and private islands is the latest example of retailers leaning in on memberships

Retailers and restaurants are trying to keep their best customers spending more steadily. Is it nickel-and-diming more casual shoppers?

20.03.2024 10

Fortune

Anne Dinnocenzio

Businesses from Chuck E-Cheese and Target to luxury app Long Story Short are adding paid loyalty programs to make their big spenders feel special—and spend more

Paid loyalty programs are all the rage in the restaurant and retail worlds.

18.03.2024 20

Fortune

Anne Dinnocenzio

Macy's is closing 150 namesake stores as sales slide: 'It’s hard to think of Macy’s not being part of our city anymore'

The Macy's stores set to close account for 25% of overall square footage but less than 10% of its sales, the company said.

28.02.2024 20

Fortune

Anne Dinnocenzio

'The consumer splurge is nearing the end' as retail sales fall more than expected in January

"Consumers are likely becoming more price conscious and perhaps, this is the first sign that the spending splurge is nearing the end," one economist...

15.02.2024 20

Fortune

Anne Dinnocenzio

Coke slashes 400 different drinks down to 200, recalling Bernie Sanders' rant: 'You don’t necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers'

“The consumer is not going to know the difference,” Dollar General Todd Vasos told analysts about having just a few mayonaisses.

13.02.2024 20

Fortune

Anne Dinnocenzio

Walmart's stock is surging and it's giving store managers stock grants worth up to $20,000 per year

Walmart shares have risen 15% in the past 52 weeks, with the stock closing at $164.27 on Friday — up nearly 1%, or $1.43, per share.

29.01.2024 30

Fortune

Anne Dinnocenzio

DEI opponents are using a Civil Rights Act section to go after a VC fund that invests in businesses owned by women of color: 'It’s a very clever game plan'

Section 1981 prohibits racial discrimination in private employment against white people as well as people of color.

14.01.2024 10

Fortune

Anne Dinnocenzio

Retailers slash prices with shoppers rocked by inflation: 'A more challenging year than if you looked across the last decade of Christmases'

Retail analysts expect overall sales will grow at a slower pace than last year, and there is concern over how shoppers are paying for things.

23.12.2023 5

Fortune

Anne Dinnocenzio

Self-checkout technology faces a reckoning just as retailers like Walmart and Target are in the midst of their busiest time of the year

Some retailers are adding restrictions, while others are pulling out completely.

18.12.2023 20

Fortune

Anne Dinnocenzio

Retail sales shoot up 0.3% in November as consumers hit the gas on spending ahead of holidays

Sales were expected to decline in November amid uncertainty over the economy.

14.12.2023 20

Fortune

Anne Dinnocenzio

Retail group forced to correct 'inaccurate' report claiming organized retail crime accounts for nearly half of inventory loss

The revised report also deleted any estimate of organized retail crime's overall impact in dollars.

08.12.2023 5

Fortune

Anne Dinnocenzio

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