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Target to debut four new brands
Target Corp. is doubling down on its efforts to distinguish itself with exclusive brands and to be a leader in two key categories. The discounter revealed in a posting on its web site that it will launch three new apparel brands and one new home goods brand in its stores and online this fall. -
Food stamp cuts could cost retailers $70.7 billion
Proposed cuts in food stamp benefits could cost the the retail industry billions — with supermarkets and discounters taking the biggest hit. AlixPartners estimates that retail collectively stands to lose $70.7 billion during the next 10 years if the proposed cuts in the Supplemental Nutrition Assistance Program (commonly referred to as food stamps) turn into reality, CNBC reported. The budget proposed by the Trump administration calls for $191 billion in cuts to the program between 2018 to 2028.

