November 19, 2025

  • Target slashed its full-year profit guidance on Nov. 19, citing falling sales numbers during its most recent quarter of business. “Target has proven over and over that it is poorly positioned to succeed in this uneven economy, selling the wrong mix of items for an increasingly frugal customer. Target specializes in cheap chic clothing and home decorations, but fewer customers believe they can find the best prices and deals there,” wrote reporter Nathaniel Meyersohn (via CNN Business).
  • Lowe’s reported a comp sales beat, as well as a slight EPS decline — explained by the acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG) — signaling a strong financial balance sheet. “The company delivered another quarter of positive comp sales, and we’re pleased to start November with positive comps as well, despite headwinds related to hurricane activity in the prior year. With the closing of the FBM acquisition last month, we look forward to enhancing our offering to Pro customers and creating more sustainable, long-term sales and profit expansion for the company,” said Marvin R. Ellison, Lowe’s chairman, president and CEO (via press room).
  • Kroger expects to shutter three automated delivery fulfillment centers, incurring a penalty of ~$2.6 billion due to impairment charges. Kroger had partnered with Ocado on fulfillment, but is now reconsidering options. “The pandemic bump didn’t hold, and shoppers moved back to stores quickly, so the economics of running dedicated ecommerce facilities may no longer make sense,” said eMarketer analyst Suzy Davidkhanian (via Reuters).
  • Honda is recalling nearly 257,00 vehicles over a software flaw which could reset while the vehicle is being driven, potentially leading to a crash or other accident. The recall applies to 2023-2025 Honda Accord models, and affected owners should expect to receive letters informing them of their eligibility for a free dealership fix in early 2026 (via CBS News).
  • Toyota announced a further $912 million investment — leading to a claimed 252 new jobs — in U.S. manufacturing capabilities tied to the increased production of hybrid vehicles. “Customers are embracing Toyota’s hybrid vehicles, and our U.S. manufacturing teams are gearing up to meet that growing demand. Toyota’s philosophy is to build where we sell, and by adding more American jobs and investing across our U.S. footprint, we continue to stay true to that philosophy,” said Kevin Voelkel, SVP, manufacturing operations (via press room).