ANNE D'INNOCENZIO

Anne D'Innocenzio is a national retail writer for The Associated Press. She covers major retailers, consumer trends, and the impact of the economy on consumer behavior. She has been with the AP for over two decades and has been covering retail since 2005.

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The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

Bias

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No current examples available.

Conflicts of Interest

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Contradictions

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Deceptions

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Recent Articles

Target and Other Retailers Ditch Personal Checks: A Shift Towards Digital Payments

Target and Other Retailers Ditch Personal Checks: A Shift Towards Digital Payments

Broke On: Tuesday, 09 July 2024 Starting July 15, 2024, Target will no longer accept personal checks as payment due to decreasing usage. Customers can use alternatives like Target Circle Cards, digital wallets, SNAP/EBT, cash and credit/debit cards, and buy-now pay later services instead. Aldi and Whole Foods have similarly stopped accepting checks. This move towards digital payments reflects society's growing reliance on technology for financial transactions.

Walmart's Q3 Earnings Beat Expectations, But Cautious Consumer Spending Outlook Causes Stock Drop

Broke On: Thursday, 16 November 2023 Walmart reported a 2% increase in adjusted earnings for the three months ending in October, slightly above the Street consensus forecast of $1.53 a share. Despite the better-than-expected Q3 earnings and a raised full-year profit forecast, the company's shares experienced a sharp drop in early Thursday trading due to a cautious outlook on consumer spending. The company's US unit saw a 4.9% rise in comparable sales during the three months ending in late October, outperforming competitors like Target Corp. and Home Depot Inc. who reported declines. Walmart's CFO, John David Rainey, cited a 'sharper falloff' in sales during the last two weeks of the fiscal third quarter. Factors such as higher interest rates, dwindling savings, and student-loan repayments are believed to be affecting demand. Walmart's CEO Doug McMillon mentioned that prices for some groceries are falling, which is good news for shoppers but puts pressure on the company to sell more. The company reported profits of $453 million for the three-month period ended Oct. 31, with revenue rising 5.2% to $160.84 billion. Walmart now expects annual sales to be up anywhere from 5% to 5.5%.