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Thai garment workers win $8.3M in back pay after layoffs

NEW YORK (AP) — More than 1,250 Thai workers who sewed bras for brands Victoria’s Secret, Lane Bryant and Torrid — and who were laid off last year without their legally required severance — have recei...

Macy's raises annual profit outlook on strong Q1 results

NEW YORK (AP) — Shoppers' return to occasion dressing helped to power Macy's fiscal first-quarter results, and the department store chain raised its annual earnings outlook even as surging inflation i...

Best Buy lowers outlook as Q1 results show inflation's bite

NEW YORK (AP) — Best Buy Co. posted first-quarter results that showed shoppers pulled back on spending, while higher costs ate into profits. The nation's largest consumer electronics...

Kohl's cuts annual forecast, as it gets stung with inflation

NEW YORK (AP) — Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation. The reduction, announ...

Target workers at a Virginia store withdraw union petition

NEW YORK (AP) — Workers at a Target store in Christiansburg, Virginia, have withdrawn their request with federal labor regulators for a union election. Such an election would have jo...

Kohl's shareholders reject board nominees pushed by activist

NEW YORK (AP) — Kohl's shareholders rejected all 10 board nominees pushed by activist investor Macellum Advisors and instead voted in support of the existing board. The department st...

Workers at a Target store in Virginia file for union vote

NEW YORK (AP) — Workers at a Target store in Christiansburg, Virginia, filed paperwork Tuesday with federal labor regulators to hold a union election, joining a wave of union organizing at other retai...

Sneakers, elastic pants: People alter office wear amid COVID

NEW YORK (AP) — Blazers in knit fabrics, pants with drawstrings or elastic waists, and polo shirts as the new button-down. Welcome to the post-pandemic dress code for the office. ...

US retail spending slows as inflation starts to bite

NEW YORK (AP) — After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, a...

Target to invest up to $5 billion to fuel more growth

NEW YORK (AP) — Target will invest up to $5 billion this year in physical stores, remodels, new brands and expanding its online fulfilment as the discounter continues to drive sales growth and differe...

Target seeks to entice workers with pay of up to $24 an hour

NEW YORK (AP) — Workers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an ho...

Gatik CEO sees future of autonomous trucking in short hauls

NEW YORK (AP) — Late last year, autonomous vehicle startup Gatik announced a big step: It eliminated the safety operator from behind the wheel of two self-driving trucks as part of its partnership wit...

Kohl's: Buyout offers undermine value of business

NEW YORK (AP) — Kohl’s says that recent offers to purchase the department store chain undervalue its business and that it is adopting a shareholder rights plan to head off any hostile takeovers. ...

Amazon reports strong 4Q results despite supply-chain snags

NEW YORK (AP) — Amazon reported Thursday that its profits nearly doubled in the final three months of last year, even as it contended with surging costs tied to a snarled supply chain and labor shorta...

Walmart-backed financial startup buys 2 companies

NEW YORK (AP) — The financial technology startup that Walmart is backing will acquire two financial companies as it tries to create one app where shoppers can do different financial activities from ge...