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Today's News | 08/22/25

Lemonis Slams California Regulations, Extends Olive Branch to Newsom

Marcus Lemonis, chairman of Beyond Inc. (Bed Bath & Beyond), criticized California's overregulated, high-cost business environment after announcing no store reopenings there. Amid a social media spat with Gov. Gavin Newsom, Lemonis proposed a dialogue with leaders to streamline regulations and boost investment. This exchange highlights broader frustrations, potentially catalyzing economic reforms in the state.

Walmart Q2 Revenue Surges 4.8% to $177.4B, Raises Full-Year Outlook

Walmart's Q2 FY26 earnings showed resilient growth with $177.4 billion in revenue, up 4.8% year-over-year, driven by 25% e-commerce surge and 46% advertising rise. Net income jumped 51.8%, prompting raised full-year guidance. Despite economic uncertainties, the retailer continues to innovate and capture market share.

Ross Stores Q2 Earnings Beat Estimates, Revenue Up 5% Amid Inflation

Ross Stores reported strong Q2 results with EPS of $1.56 beating estimates and revenue up 5% to $5.53 billion, driven by bargain-seeking consumers amid inflation. The off-price retailer raised full-year EPS guidance to $6.08-$6.21 and plans 90 new stores. This positions Ross well for 2025 retail growth.

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Beyond Meat CEO Denies Bankruptcy, Targets 2026 Profitability

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Walmart’s Tariff Strategy Drives 5% Revenue Surge to $177B

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Target Faces Sales Slump Amid Competition and Strategic Errors

Target Corp. faces declining sales, sparse foot traffic, and disorganized stores amid economic pressures and competition from Walmart and Costco. Strategic errors, like DEI rollbacks, have alienated customers. Recovery efforts include expansions, but projections show a revenue dip before a modest rebound. Bold innovations are essential to reclaim its "cheap chic" identity.