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Anne Dinnocenzio

Anne Dinnocenzio

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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.

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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

Black Friday discounts won’t be enough to bring in financially stressed shoppers, retailers fear

Many retailers had already ordered fewer goods for this holiday season and have pushed holiday sales earlier in October than last year to help...

24.11.2023 8

Fortune

Anne Dinnocenzio

After summer splurges, consumers are cutting back — sending retail sales falling for the first time in 6 months

Retail sales fell 0.1% last month after jumping a strong 0.9% in September, according to a report released Wednesday by the Commerce Department.

15.11.2023 6

Fortune

Anne Dinnocenzio

Former Abercrombie & Fitch CEO accused of running a sex-trafficking organization during his 22-year tenure

A former model for Abercrombie & Fitch has sued the fashion retailer and former CEO Mike Jeffries, estimating over 100 victims.

28.10.2023 5

Fortune

Anne Dinnocenzio

One of the world's biggest tech conferences is planning to go ahead in Lisbon after its CEO resigned over comments critical of Israel

Paddy Cosgrave's last post on X after his resignation: "Bye for now. Need some time off this platform."

22.10.2023 20

Fortune

Anne Dinnocenzio

American shoppers spent more than twice what economists expected in September

Retail sales rose 0.7% in September, and close to a revised 0.8% bump in August, the Commerce Department reported Tuesday.

17.10.2023 8

Fortune

Anne Dinnocenzio

The pandemic made parents more worried than ever about kids’ mental health. ‘MESH’ toys can help, say marketers

The plan—or "gimmick," some fear—is to certify MESH (mental, emotional and social health) toys in a way similar to STEAM toys.

14.10.2023 7

Fortune

Anne Dinnocenzio

Target is fed up with the dangerous San Francisco Bay Area and it's closing 3 stores there because of theft and organized crime

"We can only be successful if the working and shopping environment is safe for all," Target said in a statement.

27.09.2023 10

Fortune

Anne Dinnocenzio

Target says rampant theft forcing it to close 9 stores and that worker and shopper safety is 'moving in the wrong direction'

The closures, spread across four states, grows the list of retailers complaining about high crime rates seriously impacting profits.

27.09.2023 3

Fortune

Anne Dinnocenzio

Retail sales barely budged in August, up just 0.1% from July, as surging gas prices take a bite out of back to school shopping

Retail sales rose 0.6% year-over-year in August, compared with a revised 0.5% increase in July, according to the Commerce Department.

14.09.2023 5

Fortune

Anne Dinnocenzio

Amid plummeting sales and 'toxic' Jeffrey Epstein connections, Victoria's Secret fashion catwalk returns after 4-year absence with embrace of all body types

The largest lingerie label by sales has seen its market share erode as rivals like American Eagle’s Aerie and online startups make inroads by...

08.09.2023 7

Fortune

Anne Dinnocenzio

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