In an attempt to attract more customers and drum up sales in the face of fewer visitors and just so-so grocery sales, Target turned to innovation, creating prototype stores of the future and launching a super-secret project “Goldfish” that aimed on disrupting the retail landscape as we knew it. Those efforts are no more. [More]
changing focus
VW Focusing On New Electric Car Offerings To Make Up For Emissions Scandal
By 6.16.16
After admitting to equipping more than 11 million vehicles worldwide — around 500,000 in the U.S. — with illegal “defeat devices” designed to cheat emissions standards, Volkswagen is trying to undo that damage by focusing more on greener, electric vehicles. [More]
Victoria’s Secret Set To Ditch Swimwear After This Year
By 4.21.16
Earlier this month, L Brands, the parent company of Victoria’s Secret, announced it would restructure certain aspects of the retailer’s business, but failed to provide specifics on the changes. But a filing from the company’s bank sheds a little light on just what could be cut from the company. First up: swimwear. [More]
Discover Financial Ditching Home-Lending Business
By 6.17.15
Just three years after getting into the mortgage origination business, Discover Financial Services plans to shutter its home lending operations. [More]
