Jordyn Holman

The retailer, under a new chief executive and facing a takeover bid, outlined a three-year strategy to achieve “sustainable, profitable growth.”

The number of transactions at the retail giant rose 4.3 percent but the average ticket price decreased by 0.3 percent, a sign that shoppers spent…

The retailer has been raising wages for store associates. It’s now turning its attention to improving salaries and benefits for their bosses.

The layoffs, focused on corporate positions, will reduce the retailer’s work force by 3.5 percent as a new chief executive prepares to take the reins.

While the pace of growth slowed, spending stayed strong because of robust job growth and strong wage gains.

The two ultrafast-fashion retailers, which both have roots in China, are fierce rivals, offering low-cost items to U.S. consumers.

A nearly century-old rule exempts many packages from foreign e-commerce companies like Shein and Temu from U.S. customs fees. American trade groups want it changed.

Spending in that crucial period is predicted to rise 3 to 4 percent from last year, as the economy cools and demand normalizes.

The nonprofit retailer helps provide jobs and training to those in need. But it needs revenue from online sales to help fund its charitable aims.

After scrambling to fill out work forces in recent years, many companies are reporting more modest goals for temporary employment.