Retail

Tighter Budgets and Gen Z Thrifting Drive Rise in Secondhand Holiday Gifts

Tighter household budgets and Gen Z's enthusiasm for thrift shopping are boosting the resale market - more shoppers plan to give secondhand gifts this holiday season to save money.

Target profit slide signals a muted holiday season for the retailer

Target's profit decline and cautious guidance suggest a softer holiday season, reflecting weak consumer demand, heavier markdowns and rising discounting that could compress margins.

Target Partners with OpenAI to Deploy AI Tools and Reverse Sales Slump

Target has struck a partnership with OpenAI to deploy AI across inventory, marketing and forecasting - a strategic move intended to arrest a sales slump and improve shopper loyalty.