Target tumbles again as store revamps, leadership reshuffle; big-box retailer, eighth-largest US, based in Minneapolis.
Retail chains are expanding new-store openings and remodeling while shuttering underperforming locations as they push higher staffing, improved service, and more groceries to lift sales amid ongoing consumer pressure.
Private credit funds have seen significant redemption requests in Q1 2026: Blackstone reported nearly 8% of investors asking for cash, while Apollo, Ares and Blue Owl have seen double-digit outflows. Managers are blaming news "noise," but withdrawals are resembling a slow-motion run that will increase liquidity stress on funds.
California has filed a lawsuit alleging Amazon has engaged in illegal price-fixing practices by pressuring vendors to raise prices and coordinate with competitors. The case, initiated in 2022, is scheduled for trial in January 2027. The allegations include Amazon's efforts to manipulate prices on various products and platforms.
Nike has reorganized its operations and tech teams as part of a broader turnaround, moving resources to Beaverton and Bengaluru and cutting about 1,400 roles. The company is focusing on core sports, faster product development, and a tighter supply chain, while facing ongoing pressure on sales, especially in Asia. The changes come after prior rounds of layoffs and a shift back toward performance-led footwear and apparel.
Retailers are increasing store investments to refresh layouts and services as online sales rise. Target is remodeling more stores; Walmart is upgrading aisles and driver efficiency; Burlington is opening 110 stores nationwide, including in California; IKEA opened a Culver City location with a city-focused layout; Walmart is adding beauty experts in hundreds of stores.
Doris Fisher, co-founder of Gap, has died at 94. The company has grown from a San Francisco jeans-and-record shop to a global retailer with brands including Gap, Banana Republic and Old Navy, generating about $15 billion in annual sales. Fisher shaped Gap’s culture with simple design, fair pay and philanthropy.
A wave of housing developments across Scotland is advancing: an 8.5-acre Hillcrest site in Kilmarnock is changing hands for 79 homes; The New Village at Edinburgh Park has kicked off with 146 private homes; and Edinburgh masterplan adds 184 new homes, amid a wave of affordable housing projects across West Lothian and Edinburgh.