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Target Corp

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business2 years ago•1 min saved

"CVS to Close Dozens of Target Store Pharmacies by 2024"

CVS Health Corp plans to close dozens of its pharmacies inside Target Corp discount stores between February and April as part of a cost-cutting measure to realign its national retail footprint and reduce store and pharmacy density due to rising expenses in its pharmacy and insurance businesses. The closures are part of a broader restructuring plan to streamline operations and reduce costs, and affected employees will be offered jobs at other CVS locations while customers' prescriptions will be transferred to remaining CVS pharmacies.

via OCRegister|

#business #cost-cutting #cvs-health-corp

finance2 years ago•3 min saved

"Target's Earnings Beat Propels Stock Market Rally"

Stocks extended their rally as investors reacted positively to lower-than-expected inflation data in the US and UK, suggesting that central banks may halt their aggressive interest rate hikes. Target Corp. saw a 14% surge in pre-market trading after beating profit estimates, driven by improved inventory management and fewer discounts. Futures for the Nasdaq 100 and S&P 500 also rose. The market is now awaiting US retail sales and producer prices data for further confirmation of an economic slowdown, which could prompt the Federal Reserve to pause its monetary tightening. In Asia, stocks rose as China increased economic support, and European mining shares were boosted by rising iron ore futures.

via Yahoo Finance|

#central-banks #finance #inflation