CNN 10｜Holiday sales down, giraffes at risk, crab migration

COY WIRE, CNN 10 ANCHOR: Hello everyone, I'm Coy Wire. This is CNN 10 and it's Friday, Fri-yay. We've got a banger of a show today, so let's get you a quick hit in 10 minutes of news.

We start with news about the retail industry heading into the holiday shopping season with one major retailer saying that this year they are not selling quite as well as they'd expected.

Target announced they now expect their sales between October and December to barely increase at all, which is really unusual for the holidays. So why does this matter? What could it mean?

Well, Target is often seen as a bellwether, meaning an indicator of how people are feeling about spending. And if a major retailer like Target isn't doing well, then there is a chance smaller businesses might not be doing so well either.

So is this just a Target thing? Are people still spending, just choosing to go elsewhere, or are people choosing to save up and not spend as much as usual? CNN's Vanessa Yurkevich spoke with one retail industry expert to get his thoughts on what could be going on.

JOSEPH FELDMAN, SENIOR RESEARCH ANALYST, TELSEY ADVISORY GROUP: I think Target's got an issue with the consumer really just not spending as much on discretionary goods right now. There's some self-inflicted wounds here on Target's part, but Target can improve and we do expect them to improve. And I think next year, things should start to look a little bit better for them.

VANESSA YURKEVICH, CNN BUSINESS & POLITICS CORRESPONDENT: So is Target losing their customers to brands like Walmart, TJ Maxx?

FELDMAN: It does seem like Target is losing some market share. It would appear that the customer is spending more at Walmart right now. They're winning there and prices are amazing at Walmart. They're generally the lowest. Every time we've done a pricing study, they're the best place to go to shop.

YURKEVICH: Target is often considered a bellwether for consumer spending. So what does it say about retail?

FELDMAN: Target historically has been a very strong bellwether for the consumer, especially that middle to upper income consumer. And with the flattish type sales, that kind of fits in with the narrative that we're hearing. Now the consumer has been resilient. The consumer is focused on newness and innovation. And when there's some differentiation with the product, they're spending. Target saw all of that. And you could argue that are some consumers trading down a little bit to Walmart or is Walmart just doing a better job reaching up and capturing customers? That's part of it too.

WIRE: The world's tallest animal may soon be added to the endangered and threatened species list. Giraffe populations are in fast decline according to the U.S. Fish and Wildlife Service. How did this happen? Well, U.S. wildlife officials say it could be because of habitat loss, urbanization, increasing droughts, as well as poaching, hunters killing them for their body parts. Since 1985, the populations of three subspecies of northern giraffes have decreased from almost 26,000 to just under 6,000 today. That's a 77% decline in the last 39 years.

The U.S. Fish and Wildlife Service has proposed listing many giraffe species as endangered or threatened, which would help put additional protections in place for them under the Endangered Species Act. If the proposal is approved, it would be the first time ever that giraffes would receive those types of federal protections.

UNIDENTIFIED FEMALE (voice-over): Glossy computer-generated footage shows the design plans for Saudi Arabia's King Salman Stadium in Riyadh. The stadium will seat more than 90,000 people and is designed to host matches for the 2034 World Cup. Saudi Arabia is the only country with a bid for 2034. Amnesty International has urged FIFA to stop the process of awarding Saudi Arabia the World Cup until major human rights reforms are announced, citing concerns that migrant workers are being exploited.

YASSER AL MISEHAL, SAUDI ARABIA FOOTBALL PRESIDENT: The 2034 World Cup is our invitation to the world to witness Saudi Arabia's development, experience its welcoming society, culture and heritage and become part of its history.

UNIDENTIFIED FEMALE: King Salman Stadium will be part of a sports complex and is expected to be the home of the Saudi national team. The facility is scheduled to be completed by the end of 2029.



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