People exit a Target store in the Harlem neighborhood in Manhattan on September 28, 2023 in New York City. Spencer Platt | Getty Images Target on Wednesday topped Wall Street’s quarterly sales expectations and blew past earnings estimates, as purchases in high-frequency categories like food and beauty helped prop up weaker customer spending. Shares of...
Sopa Images | Lightrocket | Getty Images Instacart shares popped 40% in their Nasdaq debut on Tuesday, opening at $42, after the grocery delivery company’s long-awaited IPO. The offering late Monday at $30 a share valued Instacart at about $10 billion on a fully diluted basis, down from a private market valuation of $39 billion...
Pride Month merchandise is displayed at a Target store on May 31, 2023 in San Francisco, California. Justin Sullivan | Getty Images Even before Pride month was underway, it seems as if it was open season on companies celebrating the LGBTQ community. One by one, companies have come under an expanding attack. Anheuser-Busch, Target, Kohl’s...