Modern Retail Rundown: Target’s earnings miss, REI cracks down on returns and Starbucks’ woes in China
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On this week’s Modern Retail Rundown, the staff discusses major retail strategy shifts. First, Target reported a less-than-stellar third-quarter earnings. Next, REI announced plans to crack down on serial returners. Last up, the team dives into reports that Starbucks is considering selling its Chinese business.