Mega party supply <a href="https://thehill.com/policy/finance/3818150-party-city-files-for-bankruptcy-protection/" target="_blank" rel="noopener">shop</a> Party City <a href="https://www.usatoday.com/story/money/2023/01/18/party-city-bankruptcy-filing-news/11074820002/" target="_blank" rel="noopener">filed</a> for bankruptcy protection on Tuesday.
The company, Party City Holdco Inc. (PCHI) <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001592058/000119312523009847/d643228d8k.htm" target="_blank" rel="noopener">filed</a> for Chapter 11 Bankruptcy protections along with some of its domestic subsidiaries, according to a press <a href="https://www.prnewswire.com/news-releases/pchi-enters-into-restructuring-support-agreement-with-senior-secured-noteholder-ad-hoc-group-to-advance-transformation-and-enhance-market-leadership-from-strengthened-financial-position-301724164.html" target="_blank" rel="noopener">release</a> on Tuesday. Some other subsidiaries and its Anagram business are not included in the bankruptcy process. The company brought on a financial advisor in November.
Party City also said that it has struck a deal with an ad hoc group in order to help with the restructuring and cut down on its debt. The company noted that the restructuring was “[p]re-negotiated” and “[e]xpedited,” and they anticipate it will cut down on debt and best utilize its liquidity. It <a href="https://www.cnn.com/2023/01/18/business/party-city-bankruptcy/index.html" target="_blank" rel="noopener">noted</a> that it has $150 million from the ad hoc group that will let it keep its stores going. 
&#8220;In the face of pandemic headwinds, a global supply chain crisis, and other macroeconomic challenges that have faced our industry, we have made significant strides in PCHI&#8217;s ongoing transformation – establishing a solid foundation for long-term growth and continued success as the market leader in the celebrations space,&#8221; Brad Weston, Chief Executive Officer of PCHI said in the release. &#8220;Today&#8217;s action to strengthen PCHI&#8217;s balance sheet will bolster our ability to further advance our strategic priorities and continue to innovate and elevate the customer experience.”
&#8220;As we take this important step to put our business on stronger financial footing for the future, we are as committed as ever to inspiring joy by making it easy for our customers to create unforgettable memories. We appreciate the commitment of our team members and the continued support of our partners as we further enhance our position as the &#8216;go to&#8217; one-stop-shop for celebrating life&#8217;s special moments,” Weston noted. 
Party City stores are still open for people to shop at, as well as its online website. The company anticipates the restructuring process to be done in the second quarter of this year. 
It is also filing motions in order to keep up its everyday workings, which involve its requests to keep paying its workers and giving them benefits. It also wants to “honor customer programs and policies.” 
While Party City has grown, it has also had to come to terms with the increasing popularity of e-commerce companies and major retailers, CNBC <a href="https://www.cnbc.com/2023/01/18/party-city-files-for-bankruptcy-to-restructure-piling-debt.html" target="_blank" rel="noopener">reported</a>. It didn’t expand its online platform, but rather spent money maintaining 800 shops around the United States. 
“They’re competing against Walmart, and Target and Amazon and the dollar stores and grocery stores,” Joe Feldman, an analyst at Telsey Advisory Group, said. He used to cover Party City since the company went public in 2015, but stopped at the end of last year.

DABEADF1-BF52-4607-91F9-93BE3D15E42B_1_201_a

Party City Issues Filing For Bankruptcy Protection

Amazon

Business

Dollar General

Economy

Target

Walmart

<a href="http://dailywire.com/topic/target" target="_blank" rel="noopener">Target</a> executives revealed on Wednesday that organized retail <a href="http://dailywire.com/topic/crime" target="_blank" rel="noopener">theft</a> contributed to a $400 million decrease in gross margins.
The nationwide retailer revealed that profits fell 50% in the third fiscal quarter as sales diminished <a href="https://www.dailywire.com/news/two-critical-companies-will-lay-off-furlough-employees-during-holiday-shopping-season" target="_blank" rel="noopener">ahead of the holiday season</a>. Target announced earnings per share of $1.54, missing analyst expectations of $2.13, according to the company’s <a href="https://corporate.target.com/press/releases/2022/11/Target-Corporation-Reports-Third-Quarter-Earnings" target="_blank" rel="noopener">earnings report</a>, which cited persistent inflation and rising interest rates as contributing factors for the lackluster results.
Target CEO Brian Cornell remarked in an <a href="https://www.fool.com/earnings/call-transcripts/2022/11/16/target-tgt-q3-2022-earnings-call-transcript/" target="_blank" rel="noopener">earnings call</a> that organized criminal behavior has negatively impacted earnings and required new levels of security spending. “Along with other retailers, we&#8217;ve seen a significant increase in theft and organized retail crime across our business,” he said. “As a result, we&#8217;re making significant investments in training and technology that can deter theft and keep our guests and store team members safe.”
As many as 81.2% of retailers said that the “violence and aggression” associated with organized retail crime increased in the past year, according to a <a href="https://nrf.com/media-center/press-releases/nrf-reports-retail-shrink-nearly-100b-problem" target="_blank" rel="noopener">survey</a> from the National Retail Federation, while nearly 90% of respondents said that the pandemic worsened the risk for their companies through higher degrees of shoplifting, employee theft, and organized crime.
Thefts executed by packs of robbers have garnered attention during the crime wave of the past two years, with some retailers <a href="https://www.dailywire.com/news/supermarket-chain-hy-vee-introduces-new-security-efforts-as-smash-and-grab-robberies-continue" target="_blank" rel="noopener">spending heavily</a> on new security measures or <a href="https://www.dailywire.com/news/shoplifting-skyrockets-in-san-francisco-forcing-retailers-to-close-stores" target="_blank" rel="noopener">closing locations</a> in particularly dangerous cities. Target Chief Financial Officer Michael Fiddelke added that retail shrink, of which organized retail theft is a component, has contributed to reduced gross margins by more than $400 million in comparison to last year.
“This is an industrywide problem that is often driven by criminal networks, and we are collaborating with multiple stakeholders to find industrywide solutions,” he commented. “For example, because stolen goods are often sold online, Target strongly supports the passage of legislation to increase accountability and prevent criminals from selling stolen goods through online marketplaces.”
Interest groups such as the National Retail Federation and the U.S. Chamber of Commerce have <a href="https://www.dailywire.com/news/interest-groups-make-push-to-battle-organized-retail-crime-at-the-federal-level" target="_blank" rel="noopener">rallied</a> industry leaders to back multiple laws that would increase federal resources devoted to opposing the phenomenon. While the Combatting Organized Retail Crime Act would facilitate coordination among law enforcement agencies and businesses, the INFORM Consumers Act would prevent the resale of stolen goods by requiring verification for high-volume third-party sellers on platforms such as Facebook Marketplace.
Supporters of the legislation assert that federal assets have a role in preventing organized retail theft because Congress is mandated to regulate interstate commerce. The increased criminal activity, however, corresponds with moves from some local officials to deemphasize the prosecution of minor offenses. California is among several states that have opted to loosen consequences for small-scale shoplifting, as residents <a href="https://www.dailywire.com/news/retail-theft-is-changing-the-customer-experience" target="_blank" rel="noopener">approved</a> a ballot measure eight years ago that prescribes misdemeanor penalties to nonviolent property crimes in which the value of stolen goods does not exceed $950.
Crime, homelessness, and other public safety issues have induced several companies to amend operations in urban areas over the past several months. Among other examples, convenience store Wawa <a href="https://www.dailywire.com/news/wawa-closes-two-stores-in-philadelphia-due-to-crime-the-mayor-says-its-not-a-bad-omen-at-all" target="_blank" rel="noopener">shuttered</a> multiple locations in Philadelphia, while coffee chain Starbucks <a href="https://www.dailywire.com/news/america-has-become-unsafe-starbucks-ceo-rips-politicians-in-decaying-cities-after-closing-16-urban-stores" target="_blank" rel="noopener">announced</a> plans to close profitable restaurants in a number of major cities.

Protests Continue In Philadelphia In Response To Death Of George Floyd In Minneapolis

Target Says Organized Retail Theft Contributed To $400 Million Loss

Retail Theft Worsened Massive Losses At Target

Crime

Law Enforcement

Robbery

shoplifting

Stock Market

Theft

Two people were victims of a stabbing at a Target in <a href="https://www.dailywire.com/topic/los-angeles" target="_blank" rel="noopener">Los Angeles</a> Tuesday night before a security guard shot the suspect, who later died of his wounds. 
The two victims included a 9-year-old boy and a 25-year-old woman who the individual attacked at around 6:22 p.m. at a store in downtown Los Angeles, according to police.
Los Angeles Police Department Chief Michel Moore told reporters that the suspected <a href="https://www.cnn.com/2022/11/15/us/los-angeles-target-stabbing/index.html" target="_blank" rel="noopener">assailant</a> was forty years old and appeared homeless. He allegedly attacked the victims with a 9-inch kitchen knife.
Captain Elaine Morales of the LAPD Central Division <a href="https://www.nbclosangeles.com/news/local/shooting-and-stabbing-near-target-store-in-downtown-leaves-multiple-injured/3034766/" target="_blank" rel="noopener">reportedly</a> said the man took a knife from the shelves at Target and then went to the store&#8217;s checkout area where his attack began. Morales also said both of the people stabbed were in critical conditions. 
The suspect reportedly first approached the young boy and said &#8220;that he was going to stab him and kill him,” according to Moore. &#8220;He repeated that more than once,&#8221; Moore added. 
When the boy tried to run away, the man “without any further provocation” stabbed him in the back, Moore said. People at the scene attempted to help the boy while the man allegedly continued to attack a woman “brutally in the chest.” 
An armed security guard intervened and shot the suspect after attempting to use a baton. As the suspect went toward the guard with the knife, the guard shot him at least one time. 
&#8220;Out of nowhere, we heard people screaming,&#8221; Kevin Zaragoza, who was at Target during the attack, <a href="https://abcnews.go.com/US/homeless-man-shot-killed-stabbing-target-customers-inch/story?id=93396293" target="_blank" rel="noopener">reportedly</a> told KABC afterward. &#8220;We rushed to the front. Right there by the exit we see a girl on the floor, blood all over her. After that, we see the whole LAPD swarming in there with shotguns, all types of stuff. It was crazy.&#8221;
The Los Angeles Homeless Services Authority (LAHSA) <a href="https://www.lahsa.org/news?article=895-lahsa-releases-2022-great-los-angeles-homeless-count-results-released" target="_blank" rel="noopener">released</a> the 2022 Homeless Count in September, which estimated that there were 69,144 homeless people in Los Angeles County, up 4.1% since 2020. The city of Los Angeles has also experienced an increase of 1.7% since 2020.
As of July, there had been 206 homicides in Los Angeles County this year, an increase of almost 30% from 2020. There had also been 779 shooting victims this year, which was a 43% rise from 2020, <a href="https://spectrumnews1.com/ca/la-west/inside-the-issues/2022/07/27/lapd-chief-addresses-the-rise-in-crime-and-violence-in-l-a--county-">according</a> to the LAPD.

C25C7F23-BCA0-4328-9B86-E2A14EF2AEDB_1_201_a

Two People, Including Child, Stabbed In Los Angeles Target; Suspect Believed To Be Homeless And Shot By Armed Guard

Two People, Including Child, Stabbed In Downtown Los Angeles Target; Suspect Shot By Armed Guard

California

Los Angeles

Stabbing

U.S.

Retail giants reported mixed <a href="http://dailywire.com/topic/business" target="_blank" rel="noopener">earnings</a> results this week as <a href="http://dailywire.com/topic/inflation" target="_blank" rel="noopener">inflation</a> and <a href="http://dailywire.com/topic/supply-chain" target="_blank" rel="noopener">supply chain</a> issues continue to disrupt operations.
Retail and food services sales for the month of July remained virtually unchanged from June, according to a Wednesday report from the <a href="https://www.census.gov/retail/marts/www/marts_current.pdf">Census Bureau</a>, reflecting a Consumer Price Index (CPI) that remained flat during the same period. As year-over-year inflation nevertheless <a href="https://www.dailywire.com/news/white-house-starts-victory-lap-amid-slightly-less-dismal-inflation-reading">remains</a> at 8.5% — continuing to rival four-decade highs — retailers are witnessing disruptions in consumer behavior and adjusting their business practices in response.
Target, for instance, reported a 90% decline in quarterly profits from last year, which occurred amid the company’s decision to mark down unwanted inventory ahead of the holiday season.
“If we hadn’t dealt with our excess inventory head on, we could have avoided some short-term pain on the profit line, but that would have hampered our longer-term potential,” Target CFO Michael Fiddelke told reporters, per <a href="https://www.cnbc.com/2022/08/17/target-tgt-q2-2022-earnings.html">CNBC</a>. “While our quarterly profit took a meaningful step down, our future path is brighter.”
According to Target CEO Brian Cornell, the company is prioritizing food, household items, and other inventory with a high turnover rate — even canceling $1.5 billion in orders for goods with lower demand.
Meanwhile, home improvement retailer Home Depot reported a 6.5% rise in profits from the second quarter of fiscal year 2021.
&#8220;Our performance reflects continued strength in demand for home improvement projects,” Home Depot CEO Ted Decker said in a <a href="https://ir.homedepot.com/news-releases/2022/08-16-2022-110048363">statement</a>. “Our team has done a fantastic job serving our customers, while continuing to navigate a challenging and dynamic environment.”
Walmart likewise saw sales that exceeded analysts’ expectations, even as inflation eroded profit margins. In an interview with <a href="https://www.cnbc.com/2022/08/16/walmart-ceo-doug-mcmillon-says-even-wealthier-families-are-penny-pinching-.html">CNBC</a> anchor Courtney Reagan, Walmart CEO Doug McMillon <a href="https://www.dailywire.com/news/walmart-ceo-inflation-will-be-with-us-basically-forever-at-some-level">explained</a> that Walmart is growing its consumer base by attracting wealthier families struggling to contend with higher prices at competing retailers.
“It’s a conflicting period in terms of the data. If you look at what’s happening across categories and across income levels, inflation is having an impact particularly for those who don’t have as much money,” McMillon said. “So we see them behaving in different ways. … Higher income families are shopping at Walmart because they’re so price sensitive right now. We shared earlier this morning that families making more than $100,000 in household income have driven a lot of our growth during this last quarter.”
Likewise, McMillon — whose company boasts 1.6 million domestic employees and remains the largest private employer in the United States — said that wage inflation will endure indefinitely.
“We’ve raised our wages, which we’re happy to do … that creates a new level of which pricing has to be adjusted to reflect,” he commented. “So I think there’s some level of inflation that’s going to be with us basically forever. Hopefully we’ll see food inflation in particular improve as we go through next year.”
The earnings reports came as President Joe Biden signed the Inflation Reduction Act — a $740 billion piece of legislation based primarily upon climate and tax provisions. According to a recent analysis from the <a href="https://taxfoundation.org/book-minimum-tax-analysis/">Tax Foundation</a>, the 15% book minimum tax provision enacted by the law will cost retail companies $3.5 billion.
“The book minimum tax affects industries very differently, some of which may be unintended, reflecting a tax proposal that has not been fully vetted,” the analysis observed.

Retail Giants Toggle Business Strategies In Response To High Inflation

Retail Giants Report Enduring Challenges Thanks To Inflation

Home Depot

Inflation

Target has revealed it will slash prices in order to reduce its inventory.
The plethora of TVs, furniture and kitchen appliances stacked up at Target stores are taking up room that the franchise would prefer to stock with items such as food, household essentials and beauty products.
“We thought it was prudent for us to be decisive, act quickly, get out in front of this, address and optimize our inventory in the second quarter — take those actions necessary to remove the excess inventory and set ourselves up to continue to be guest relevant with our assortment,” Target CEO Brian Cornell told <a href="https://www.cnbc.com/2022/06/07/target-markdowns-plan-to-cut-inventory.html">CNBC</a>.
“We want to make sure that we continue to lean into those categories that are relevant today,” he added.
Other franchises are also plagued by inventory surpluses; Walmart stated that their customers are eschewing discretionary purchases because of the price of gas and groceries.
“Over the past several weeks, we&#8217;ve continued to assess the broader retail environment and I think it&#8217;s no secret right now based on what&#8217;s been reported, the level of inventory across all retail is pretty high,” Target CFO Michael Fiddelke <a href="https://www.startribune.com/target-will-slash-prices-to-get-rid-of-inventory-warns-profit-will-shrink-this-summer/600179915/?refresh=true">stated</a>.
“Some of the blockbuster deals seen on the store&#8217;s site include a four-piece outdoor furniture set, usually priced at $409.99, for $267.99 — markdown of nearly 35 percent, and a 40 inch HD television for $200, marked down from $250,” <a href="https://www.dailymail.co.uk/news/article-10893901/Target-SLASH-prices-unwanted-items-tries-rid-15-billion-inventory.html">The Daily Mail</a> reported. “Last month, Richfield-based tech retailer Best Buy announced it would prepare for a ‘slowdown’ in sales as it reported higher operating costs than predicted for the first quarter of 2022.”
Kyle Goldschmidt, an assistant professor at the University of St. Thomas&#8217; Department of Operations and Supply Chain Management, explained that the glut of inventory resulted from shipping delays as companies ordered products in advance.
“This has resulted in historically high logistics costs throughout the supply chain, from ocean, rail and trucking carriers, to warehousing, and now fuel costs,” he said. “Concurrently, consumer spending is gradually shifting from goods back towards services &#8230; which could leave retailers with too much inventory, and more importantly, the wrong type of inventory.”

Target To Slash Prices For TVs, Furniture Because Of Inventory Glut

Target will be selling breast binders and packing underwear as part of its latest clothing collection just ahead of “Pride month” in June. 
The retailer is known for celebrating June in a splashy, rainbow-colored way. It has been criticized for offering a pride collection for kids, specifically babies, for years. Now the company is catering to the trans community by promoting specialty garments specifically made for them.
According to <a href="https://www.bustle.com/style/target-tomboyx-humankind-pride-collab">Bustle</a>, Target partnered with TomboyX and Humankind for the collection, which are both “queer owned, female-founded brands.” Merchandise will include the expected rainbow-colored messaging that’s become commonplace for these collections. It will also have some new items that a mainstream retailer like Target hasn’t sold before.
The TomboyX collection includes undergarments such as chest binders, packing underwear, bras, and boyshorts in sizes S-4X. Humankind’s line is focused on swimsuit styles, including swim trunks, tops, and unisuits. 
Bustle reported, “as binders and gender-affirming swimsuits are notoriously difficult to find (particularly in extended sizes), this accessible drop will make shopping for everyday garments much easier.”
Mila Myles, a “black, queer non-binary writer and stand-up comedian,” was a model for the collection along with partner Yasmin Almo. Myles discussed being happy with the experience of modeling for a mainstream store like Target. 
“It was the first time that I was welcomed and empowered to make other people feel empowered,” Myles said. 
On set, “no one was a prop. We were all [there for] an opportunity to feel seen and for someone else to feel seen.” The model hopes the campaign will “redefine ‘commercial beauty,’ by hiring different-looking ‘commercial models.’”
The article confirms that items such as chest binders will be available in store and online. 
Kids items in the <a href="https://www.target.com/c/pride-kids-baby-clothing/-/N-aharm">Target</a> Pride collection include toddler tees that proclaim, “Trans Rights Are Human Rights” and shirts emblazoned with pronouns, plus the expected rainbow-colored merchandise in all forms, including onesies and matching sets for the whole family. 
Toddler books in the collection include “Bye Bye Binary” and “The Pronoun Book.” 
In the adult collection, a poem that includes the line, &#8220;For the queer lovers and everyone in between, for the rebels that fight to forever be seen,&#8221; is featured on tote bags, shirts, and beach towels. 
There are also pride flag cat toys, including a giraffe designed in lesbian flag colors and stuffed teacup with rainbow tea, and three tea bags with the lesbian, transgender, and bisexual pride flags.

Inside A Target Corp. Location Ahead of Earnings Figures

Chest Binders And Packing Underwear Featured In Target’s New Pride Month Collection

Target Features Chest Binders And Packing Underwear For New Pride Month Collection

LGBTQ

Pride Month

Target will shut down its stores on Thanksgiving Day — and will keep doing so every year.
“What started as a temporary measure driven by the pandemic is now our new standard — one that recognizes our ability to deliver on our guests’ holiday wishes both within and well beyond store hours,” Target chief executive Brian Cornell said in a note to employees.
<a href="https://www.cnbc.com/2021/11/22/target-will-keep-stores-closed-on-thanksgiving-for-good.html">CNBC</a> explained:
<blockquote>Retailers last year were forced to turn what had become a weekend shopping blitz into an extended event with holiday sales beginning as early as October to limit the number of people in stores during the pandemic. That forced shift during the holidays, however, turned out to be a good move.
U.S. holiday sales in November and December rose 8.2% in 2020 from the previous year, according to The National Retail Federation, the nation’s largest retail trade group. The trade group predicts that this year could shatter last year’s record, growing between 8.5% and 10.5%.</blockquote>
As <a href="https://www.nytimes.com/2021/11/22/business/target-thanksgiving-closed.html">The New York Times</a> reports, Walmart, Trader Joe’s, and Aldi will likewise close on Thanksgiving. However, opening stores on the holiday was once common practice. 
CNBC continues:
<blockquote>Target began opening its stores on Thanksgiving a decade ago, joining other retailers in kicking off Black Friday sales a day early and creating a holiday rush after the turkey feast. Many did so to compete with Amazon.com and other rising online threats.
But the shift seemed to merely eat up sales on Black Friday. And big retailers also suffered some blowback, accused of forcing thousands of people to work on a family holiday.
Some stores and malls like the Mall of America in Minnesota ended the practice and remained closed on Thanksgiving. Some, like Costco and Nordstrom, never opened their doors during the holiday, saying they wanted to respect the holiday.</blockquote>
Ahead of the Christmas shopping season, Target has been <a href="https://www.dailywire.com/news/target-gives-bonuses-goes-on-hiring-spree-to-prevent-worker-shortage-ahead-of-holidays">hiking</a> incentives and improving employee retention strategies to fight off labor shortages gripping many other American businesses. 
Specifically, Target will pay an extra $2 per hour to staff who work every Saturday and Sunday from November 20 to December 19, as well as December 24 and 26. For employees working the supply chain, Target will offer an extra $2 per hour for two week periods worked from October 10 to December 18.
“The way we achieve our staffing goals is [to] retain the team we have,” said Target chief operating officer John Mulligan during an earnings call.
Despite high inflation, consumer-facing brands have been able to remain profitable by <a href="https://www.dailywire.com/news/consumers-absorb-inflation-as-retail-sales-increase">hiking</a> prices. For instance, Tyson Foods — the second-largest meat and poultry producer in the United States — saw <a href="https://www.dailywire.com/news/with-recent-price-increase-tyson-foods-successfully-passes-inflation-costs-on-to-consumers">improved</a> margins in their most recent quarter.
“The inflation we incur needs to be passed on,” said Tyson chief financial officer Stewart Glendinning. “Some of the inflation for us has been substantial.”
Meanwhile, Walmart <a href="https://www.dailywire.com/news/target-gives-bonuses-goes-on-hiring-spree-to-prevent-worker-shortage-ahead-of-holidays">bypassed</a> the supply chain crisis by chartering its own ships — resulting in 11.5% higher inventory levels and earning the retail giant a 9.2% increase in sales between its third quarters in 2020 and 2021.

Joining Other Retailers, Target Will Shut Its Doors On Thanksgiving Day

Thanksgiving

Target is introducing bonuses and seeking to retain staff ahead of what is expected to be an unusual holiday shopping season.
Amid labor shortages affecting businesses across the United States, the retail giant will offer new benefits — both monetary and non-monetary.
According to <a href="https://www.cnn.com/2021/11/17/business/target-workers-hours/index.html">CNN Business</a>:
<blockquote>Target (TGT) said Wednesday that its turnover rate for hourly workers was lower this year compared with 2019, even after accounting for new hires. The retailer is also adding 100,000 new temporary employees to meet holiday shopping demand and offering its existing workforce five million additional hours of work during the busiest stretch of the year.
&#8230; This year, Target has been giving employees more flexible schedules and training them in different positions, Mulligan said, which has helped open up additional hours for those who want more work.</blockquote>
CNN Business adds that Target’s hourly bonuses will occur during expected surges in shopping:
<blockquote>During the holidays, Target will give $2 more per hour to store staff who work every Saturday and Sunday from November 20 to December 19, plus December 24 and December 26. Supply chain workers will receive an extra $2 an hour for two week periods they work from October 10 to December 18.</blockquote>
&#8220;The way we achieve our staffing goals is [to] retain the team we have,&#8221; explained Target chief operating officer John Mulligan during an earnings call on Wednesday, noting that employees’ average hours are &#8220;running significantly higher this year in comparison to past years.”
As <a href="https://www.dailywire.com/news/walmart-bypasses-supply-chain-crisis-sees-revenues-rise">The Daily Wire</a> recently reported, Walmart — another retail giant and the largest private employer in the United States — is similarly optimistic ahead of the holiday season.
On Tuesday, the company reported a 9.2% increase in sales between its third quarters in 2020 and 2021, while total revenue increased 4.3% to $140.5 billion. To bypass supply chain bottlenecks affecting businesses throughout the nation, Walmart began chartering its own ships — resulting in 11.5% higher inventory levels.
Like Target, Walmart is also attempting to hire 150,000 workers to deal with holiday demand.
“Our momentum continues with strong sales and profit growth globally. Our omni-channel focus is pushing digital penetration to record levels,” explained Walmart chief executive Doug McMillon. “We gained market share in grocery in the U.S., and more customers and members are returning to our stores and clubs around the world. Looking ahead, we have the people, the products, and the prices to deliver a great holiday season for our customers and members.”
Amid a high-inflation environment, consumer-facing brands have been able to remain profitable by <a href="https://www.dailywire.com/news/consumers-absorb-inflation-as-retail-sales-increase">raising</a> prices. Through this tactic, Tyson Foods — the second-largest meat and poultry producer in the United States — saw <a href="https://www.dailywire.com/news/with-recent-price-increase-tyson-foods-successfully-passes-inflation-costs-on-to-consumers">improved</a> margins in their most recent quarter.
“The inflation we incur needs to be passed on,” explained Tyson chief financial officer Stewart Glendinning. “Some of the inflation for us has been substantial.”
On Tuesday, the United States Census Bureau revealed that American retail and food services sales rose by 1.7% between September and October. Between August and September, sales rose by 15.4% from the same period last year.

Target Gives Bonuses, Goes On Hiring Spree To Prevent Worker Shortage Ahead Of Holidays

Christmas

COVID

Retail chain Target will be closing its stores in San Francisco, California, early due to increases in shoplifting in the city.
ABC 7 <a href="https://abc7news.com/target-hours-san-francisco-walgreens-closing-sf-crime-near-me/10854900/">reported</a> that Target acknowledged San Francisco’s high retail crime by closing its stores earlier in the day in an attempt to cut down on shoplifting.
“For more than a month, we’ve been experiencing a significant and alarming rise in theft and security incidents at our San Francisco stores, similar to reports from other retailers in the area,” a Target spokesperson <a href="https://www.nbcbayarea.com/news/local/san-francisco-targets-closing-early-due-to-rise-in-thefts/2585683/">told</a> NBC Bay Area in a statement Friday night. “Target is engaging local law enforcement, elected officials and community partners to address our concerns. With the safety of our guests, team members and communities as our top priority, we’ve temporarily reduced our operating hours in six San Francisco stores.”
The outlet noted that the retail chain will close at least five of its locations in San Francisco several hours early – at 6 p.m. instead of 10 p.m. Target already shuttered one of its Bay Area stores in response to the rising theft.
As The Daily Wire previously <a href="https://www.dailywire.com/news/shoplifting-skyrockets-in-san-francisco-forcing-retailers-to-close-stores">reported</a>, other stores in San Francisco have already responded to increase in shoplifting by closing stores.
The increase in shoplifting has caused Walgreens to close 17 locations in San Francisco over the past five years. It still has 53 locations.
Jason Cunningham, regional vice president for pharmacy and retail operations in California and Hawaii, <a href="https://www.sfchronicle.com/local-politics/article/Out-of-control-Organized-crime-drives-S-F-16175755.php">told</a> the San Francisco Chronicle in May that closing the stores in San Francisco was an “unpopular and difficult decision” but that theft in San Francisco stores was four times the national average. He also said Walgreens was spending 35 times more on security guards in San Francisco than anywhere else.
CVS has faced a similar problem in the Bay Area, with 42% of its losses in the area coming from 12 stores, which accounted for just 8% of the market share. Brendan Dugan, director of organized retail crime and corporate investigations, said security guards hired by CVS and Walgreens have been assaulted. He added that the majority of shoplifting incidents at CVS came from opportunists but that professional crime accounted for 85% of dollar losses.
Dugan and others spoke at a hearing in late May regarding the issue of theft. At that same hearing, grocery chain Safeway provided a statement that said it had seen “dramatic increases” in shoplifting losses and suggested California’s Proposition 47, passed in 2014, may have caused some of the increase. The proposition increased the threshold for thefts to be considered a felony, from $450 to $950. While that may not have made a difference to small-dollar opportunistic criminals, it might have helped organized crime.
Shoplifting is just one of many problems San Francisco is currently facing. As The Daily Wire has reported, the city is battling with a wave of “wokeness” that is causing residents to flee. In February, the school board spent hours <a href="https://www.dailywire.com/news/san-francisco-school-board-spends-hours-debating-whether-gay-father-of-mixed-race-daughter-is-diverse-enough-for-all-female-volunteer-group">discussing</a> whether a gay father of a mixed-race daughter was diverse enough for an all-female volunteer group. They ultimately determined he was not. That same school board spent the previous month enduring heavy criticism for deciding to rename numerous public schools based on a <a href="https://www.dailywire.com/news/san-francisco-public-schools-renaming-plan-rife-with-historical-errors">historically inaccurate</a> Google Doc, <a href="https://www.dailywire.com/news/san-francisco-school-district-drops-one-acronym-for-another-while-claiming-theyre-a-symptom-of-white-supremacy-culture">claiming</a> acronyms are a “symptom of white supremacy culture” while replacing one acronym with another, and getting <a href="https://www.dailywire.com/news/san-francisco-sues-its-own-school-district-over-re-opening-plan">sued</a> by the city itself for failing to develop a plan to return kids to school.

Target Will Close San Francisco Stores Early Due To Rising Thefts

San Francisco

Target is no longer selling model and liberal activist Chrissy Teigen&#8217;s cookware in their stores.
&#8220;The retailer has pulled her Cravings cookware line from its website,&#8221; a Fox Business report <a href="https://www.foxbusiness.com/lifestyle/chrissy-teigen-cravings-cookware-no-longer-sold-target">outlined</a> Thursday. &#8220;However, her trio of Cravings cookbooks remain available on the site.&#8221;
&#8220;We made the mutual decision in December to no longer carry the cookware line, given our continued focus on brands we develop and that can only be found at Target,&#8221; the company said in a <a href="https://www.foxbusiness.com/lifestyle/chrissy-teigen-cravings-cookware-no-longer-sold-target">statement</a>.
Teigen made headlines this week when it was revealed that the model harassed, bullied, and allegedly sent private death threats to a then-16-year-old girl named Courtney Stodden.
It remains unclear when the cookware was pulled, but according to a <a href="https://www.tmz.com/2021/05/13/chrissy-teigens-cookware-line-removed-target-courtney-stodden-bullying/?adid=%20partner-foxnews">source</a> at TMZ, it was removed in April. However, The Sun <a href="https://www.the-sun.com/entertainment/2883102/chrissy-teigen-cravings-kitchen-removed-target-courtney-stodden-bullying/">suggested</a> Thursday that the products were &#8220;scrubbed&#8221; from Target&#8217;s website following the Stodden scandal.
The TMZ report noted that Teigen&#8217;s cookware is still available on her website and other retailers, adding that &#8220;some Target brick-and-mortar stores still have the line in their inventory,&#8221; according to Fox Business.
Daily Wire host Candace Owens, who recently called on Target to dump Teigen, celebrated the report on Thursday.
&#8220;Great news! [Target] has removed Chrissy Teigen’s cookware line from their site after she tried to convince multiple women to kill themselves. This is a good start.&#8221;
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Great news! <a href="https://twitter.com/Target?ref_src=twsrc%5Etfw">@target</a> has removed Chrissy Teigen’s cookware line from their site after she tried to convince multiple women to kill themselves. 
This is a good start. <a href="https://t.co/nqNoMjx5LX">https://t.co/nqNoMjx5LX</a>
&mdash; Candace Owens (@RealCandaceO) <a href="https://twitter.com/RealCandaceO/status/1393013479448137728?ref_src=twsrc%5Etfw">May 14, 2021</a></blockquote>
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Earlier this week, <a href="https://www.dailywire.com/news/liberal-chrissy-teigen-sent-death-threats-to-underage-girl-on-twitter-report">The Daily Wire</a> reported on Teigen&#8217;s alleged behavior toward Stodden:
<blockquote>When Courtney Stodden was just 16 years old, Teigen sent the minor numerous nasty messages online that included a “fantasy” of Stodden taking a “dirt nap.”
Stodden, whose mother troublingly signed off on her then-teen daughter’s marriage to a 50-year-old actor, <a href="https://www.thedailybeast.com/the-crucifixion-of-courtney-stodden">told</a> The Daily Beast that Teigen even sent her death threats via direct message.
“[Teigen] wouldn’t just publicly tweet about wanting me to take ‘a dirt nap’ but would privately DM me and tell me to kill myself,” Stodden said. “Things like, ‘I can’t wait for you to die.’”
The DM’ed death threats have yet to be substantiated, but The Daily Beat posted screenshots of Teigen’s now-deleted nasty messages to the teen online. Here are some of the highlights:
“@CourtneyStodden My Friday fantasy: you. dirt nap. mmmmmm baby.”
Retweeing Stodden, Teigen posted: “Go. to sleep. forever.”
“@CourtneyStodden what drug makes you do that with your mouth? asking for a friend who really wants to look like an idiot. thanks.”
“@CourtneyStodden do you have a family.”
“@CourtneyStodden I hate you.”
Retweeing Stodden, Teigen posted: “Why do you speak like a Fabio book?”</blockquote>
Following the revelations, and an apology from Teigen acknowledging her behavior, more troubling messages from the model resurfaced.
<a href="https://www.mirror.co.uk/3am/celebrity-news/chrissy-teigens-vile-celeb-trolling-24098603">According</a> to The Mirror, Teigen targeted child actress Quvenzhané Wallis when she was just nine years old. Singers Mariah Carey and Avril Lavigne, actresses Lindsay Lohan and Tamera Mowry, and MTV’s “Teen Mom” star Farrah Abraham were also allegedly targeted by Teigen with vile messages, some related to suicide.
Related: <a href="https://www.dailywire.com/news/sick-candace-owens-calls-on-target-to-drop-chrissy-teigen-after-horrifying-messages-revealed">‘Sick’: Candace Owens Calls On Target To Drop Chrissy Teigen After Horrifying Messages Revealed</a>
Related: <a href="https://www.dailywire.com/news/liberal-chrissy-teigen-sent-death-threats-to-underage-girl-on-twitter-report">Liberal Chrissy Teigen Sent Death Threats To Underage Girl On Twitter: Report</a>
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Chrissy Teigen

Target Has Dropped Chrissy Teigen Cookware Line

Daily Wire host Candace Owens has called on Target to drop model and left-wing activist Chrissy Teigen&#8217;s cookware line from their stores after it was revealed this week that Teigen harassed, bullied, and allegedly sent private death threats to a then-16-year-old girl named Courtney Stodden.
Since the horrifying revelations, and an apology from Teigen acknowledging her brutal behavior, more troubling messages have resurfaced.
<a href="https://www.mirror.co.uk/3am/celebrity-news/chrissy-teigens-vile-celeb-trolling-24098603">According</a> to The Mirror, Teigen targeted child actress Quvenzhané Wallis when she was just nine years old. Singers Mariah Carey and Avril Lavigne, actresses Lindsay Lohan and Tamera Mowry, and MTV&#8217;s &#8220;Teen Mom&#8221; star Farrah Abraham were also allegedly targeted by Teigen with vile messages, some related to suicide.
&#8220;How does any corporation in the world sponsor or deal with a woman who tells TEENAGERS that she fantasizes about them being dead?&#8221; Owens posted to Instagram this week. &#8220;[Chrissy Teigen] told a 16 year old that they should commit suicide. How is she not beyond cancelled by now?&#8221;
&#8220;She is a deranged human being who should be wiped from the internet by Facebook/Twitter standards,&#8221; The Daily Wire host added.
Earlier this week, <a href="https://www.dailywire.com/news/liberal-chrissy-teigen-sent-death-threats-to-underage-girl-on-twitter-report">The Daily Wire</a> reported on the messages concerning Stodden:
<blockquote>When Courtney Stodden was just 16 years old, Teigen sent the minor numerous nasty messages online that included a “fantasy” of Stodden taking a “dirt nap.”
Stodden, whose mother troublingly signed off on her then-teen daughter’s marriage to a 50-year-old actor, <a href="https://www.thedailybeast.com/the-crucifixion-of-courtney-stodden">told</a> The Daily Beast that Teigen even sent her death threats via direct message.
“[Teigen] wouldn’t just publicly tweet about wanting me to take ‘a dirt nap’ but would privately DM me and tell me to kill myself,” Stodden said. “Things like, ‘I can’t wait for you to die.’”
The DM’ed death threats have yet to be substantiated, but The Daily Beat posted screenshots of Teigen’s now-deleted nasty messages to the teen online. Here are some of the highlights:
“@CourtneyStodden My Friday fantasy: you. dirt nap. mmmmmm baby.”
Retweeing Stodden, Teigen posted: “Go. to sleep. forever.”
“@CourtneyStodden what drug makes you do that with your mouth? asking for a friend who really wants to look like an idiot. thanks.”
“@CourtneyStodden do you have a family.”
“@CourtneyStodden I hate you.”
Retweeing Stodden, Teigen posted: “Why do you speak like a Fabio book?”</blockquote>
Owens on Thursday reiterated her concerns about Teigen, whom she called a &#8220;sick, sick puppy.&#8221;
&#8220;Chrissy Teigen, a vile woman who Hollywood and the media who have been complicit in empowering — has a suicide fantasy for everyone,&#8221; Owens wrote, captioning old tweets from Teigen. &#8220;This trash human being has targeted young woman [sic] FOR YEARS who have done nothing to her other than exist.&#8221;
&#8220;Hollywood has paraded her around as John Legend’s &#8216;hilarious non-politically correct wife,'&#8221; Owens continued, adding:
<blockquote>Lindsay Lohan slit her wrists and Chrissy Teigen mocked her for it.
Courtney Stodden existed and Chrissy begged her to kill herself.
Sarah Palin is a conservative so Chrissy asked her to shoot herself in the face.</blockquote>
&#8220;Are suicide and self-harm hilarious to all of the brands that sponsor this abhorrent woman?&#8221; the conservative author questioned. &#8220;What about all of you celebrities who spent the last four years crying about Trump’s mean tweets? Where are you now?&#8221;
&#8220;[Target] — you routinely claim to be a store that is focused on social responsibility,&#8221; Owens closed her post. &#8220;Do the right thing, stand up for young woman [sic] and teenagers who are being mentally abused, and DROP [Chrissy Teigen].&#8221;
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<a style="color: #c9c8cd;font-family: Arial,sans-serif;font-size: 14px;font-style: normal;font-weight: normal;line-height: 17px;text-decoration: none" href="https://www.instagram.com/p/COzF7VhswZz/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank" rel="noopener noreferrer">A post shared by Candace Owens (@realcandaceowens)</a>
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WATCH:
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<a style="color: #c9c8cd;font-family: Arial,sans-serif;font-size: 14px;font-style: normal;font-weight: normal;line-height: 17px;text-decoration: none" href="https://www.instagram.com/tv/COvk9MLJwtT/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank" rel="noopener noreferrer">A post shared by Candace Owens (@realcandaceowens)</a>
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UPDATE: <a href="https://www.dailywire.com/news/target-has-dropped-chrissy-teigen-cookware-line">Target Has Dropped Chrissy Teigen Cookware Line</a>

Chrissy Teigen & Candace Owens

‘Sick’: Candace Owens Calls On Target To Drop Chrissy Teigen After Horrifying Messages Revealed

Candace Owens

A Target store in Minneapolis that was looted and destroyed during the 2020 Black Lives Matter riots now has murals outside their rebuilt store boasting of Black Lives Matter rioting and arson.
According to a <a href="https://alphanewsmn.com/minneapolis-target-burned-by-rioters-now-displays-mural-celebrating-arson/">report</a> from AlphaNews, the murals were said by Target to be &#8220;temporary,&#8221; but as of April 29, they remain outside the building.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Inspiring corporate-sponsored art now adorning the Target in Minneapolis that was looted last year <a href="https://t.co/jlXZ79tVaM">pic.twitter.com/jlXZ79tVaM</a>
&mdash; Michael Tracey (@mtracey) <a href="https://twitter.com/mtracey/status/1386845600327643137?ref_src=twsrc%5Etfw">April 27, 2021</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
In November, the company announced that they had rebuilt two damaged stores &#8212; one in Minneapolis and the other in Atlanta &#8212; that were destroyed during the &#8220;demonstrations for racial justice,&#8221; or, the Black Lives Matter rioting.
&#8220;After closing due to damage sustained during the demonstrations for racial justice in late spring, we rebuilt the stores from the ground up in just five months, making them two of the fastest rebuilds in Target history,&#8221; Target <a href="https://corporate.target.com/article/2020/11/minneapolis-atlanta-reopens">announced</a>. &#8220;As our teams welcome guests back this week, we’re excited for our communities to not only have a safe, easy and convenient place to shop, but also a place where they feel joy and pride when they visit.&#8221;
Emphasizing their goal of &#8220;diversity,&#8221; the company noted that they&#8217;ve doled out &#8220;pro-bono consulting services to Black-, Indigenous- and people-of-color-owned local businesses as they rebuild&#8221;:
<blockquote>We also made sure we invested in the Lake Street community’s overall rebuild efforts, even while our store was closed, by donating more than $125,000 in food and essential supplies to those in need and committing to 10,000 hours of pro-bono consulting services to Black-, Indigenous- and people-of-color-owned local businesses as they rebuild.</blockquote>
Captioning a photo of Bawang Longar, Target Assets Protection executive team lead at Lake Street, and the murals, Target described the murals as &#8220;temporary.&#8221;
<div id="attachment_217845" style="width: 1024px" class="wp-caption alignnone"><img aria-describedby="caption-attachment-217845" loading="lazy" class="wp-image-217845 size-large" src="https://www.dailywire.com/wp-content/uploads/2021/05/Screen-Shot-2021-05-03-at-12.24.55-PM-1014x576.png" alt="" width="1014" height="576" srcset="https://dw-wp-production.imgix.net/2021/05/Screen-Shot-2021-05-03-at-12.24.55-PM-1014x576.png 1014w, https://dw-wp-production.imgix.net/2021/05/Screen-Shot-2021-05-03-at-12.24.55-PM-300x170.png 300w, https://dw-wp-production.imgix.net/2021/05/Screen-Shot-2021-05-03-at-12.24.55-PM-768x436.png 768w, https://dw-wp-production.imgix.net/2021/05/Screen-Shot-2021-05-03-at-12.24.55-PM.png 1254w" sizes="(max-width: 1014px) 100vw, 1014px" />Screenshot: Target.com</div>
The Daily Wire reached out to Target for comment concerning the murals, specifically asking for clarification on their stance of illegal acts like looting and arson. We also asked Target if they condone vandalism, looting, and arson of other smaller stores in the area.
The company did not respond in time for publication.
<div id="attachment_217842" style="width: 874px" class="wp-caption alignnone"><img aria-describedby="caption-attachment-217842" loading="lazy" class="wp-image-217842 size-large" src="https://www.dailywire.com/wp-content/uploads/2021/05/GettyImages-1216617350-864x576.jpg" alt="Cleanup works continune in Minneapolis, Minnesota, United States on Sunday, May 31, 2020 to remove debris following a protest that turned violent in response to the killing of George Floyd." width="864" height="576" srcset="https://dw-wp-production.imgix.net/2021/05/GettyImages-1216617350-864x576.jpg 864w, https://dw-wp-production.imgix.net/2021/05/GettyImages-1216617350-300x200.jpg 300w, https://dw-wp-production.imgix.net/2021/05/GettyImages-1216617350-768x512.jpg 768w, https://dw-wp-production.imgix.net/2021/05/GettyImages-1216617350.jpg 1024w" sizes="(max-width: 864px) 100vw, 864px" />Tayfun Coskun/Anadolu Agency via Getty Images</div>
Protests and riots erupted across the country back in May 2020, following the release of a viral video showing the attempted arrest and detainment George Floyd.
Soon after the video was released, former Minneapolis police officer Derek Chauvin was fired and charged in the murder of Floyd. Last month, a jury found the former officer guilty of second-degree murder, third-degree murder, and second-degree manslaughter relating to Floyd’s death.
Chauvin and three other officers arrested and detained Floyd last May after he allegedly gave counterfeit money to a clerk at a convenience store. Following a struggle to get Floyd into the back of a police cruiser, viral video shows that Chauvin kneeled on Floyd’s neck and back for nearly nine minutes to detain Floyd while reportedly waiting for paramedics to arrive.
The defense team for Chauvin is expected to appeal the verdict.
Related: <a href="https://www.dailywire.com/news/report-floyd-juror-wore-blm-shirt-referencing-floyd-in-july-challenging-what-he-told-defense-during-jury-selection">Report: Floyd Juror Wore BLM Shirt Referencing Floyd In July, Challenging What He Told Defense During Jury Selection</a>  
Related: <a href="https://www.dailywire.com/news/chauvin-juror-speaks-out-to-help-push-for-change-suggests-hes-been-pulled-over-by-cops-because-hes-black">Chauvin Juror Speaks Out To ‘Help Push For Change,’ Suggests He’s Been Pulled Over By Cops Because He’s Black</a>

US-POLITICS-POLICE-JUSTICE-RACISM

WOKE: Target Store That Was Destroyed, Looted During BLM Riots Now Boasts Murals Celebrating BLM Arson, Rioting For ‘Justice’

Black Lives Matter

Riots

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