In a research note, Paul Lejuez, a retail analyst for Citi, said the company's poor results and weak outlook show Target is "likely losing share" to Walmart and risks losing more of the market unless it steps up promotions. One of the roots of Target's troubles is the company's merc...
The two sides are at odds on the retailers' strategy of absorbing some of the rising costs of shipping, labor and materials rather than passing them on to customers with higher prices. Both Walmart CEO Doug McMillon and Target CEO Brian Cornell have drawn a clear line. Their strategy: Keep...
But rising credit card debt, depleted pandemic-era savings, and higher interest rates are giving investors pause, betting that retail bellwethers like Walmart and Target will have too much merchandise and be forced to discount during the holiday season. Walmart's decision so far t...
Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Walmart (WMT – Research Report) and Target (TGT – Research Re...
Target reported earnings on Wednesday. The company's stock growth has lagged behind retail competitors such as Walmart, Amazon, and Costco.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.Will Healyhas no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Costco Wholesale, Target, and Walmart. The Motley Fool...
How strong is the consumer? That’s what investors are wondering before deciding to buy shares of Target (TGT), which plunged some 25% in a single day after the company last-reported its earnings results. As with rival Walmart (WMT), which a few weeks ago slashed its profit forecast —...
better news for investors was that customer traffic accelerated for the second straight quarter, rising to a 3.7% increase from 3.2% in the prior quarter. That was Target's best performance on that metric in more than 10 years, in fact, and it also far outpaced Walmart's 0.8% traffic ...
Walmart's revenue and profit rose from the year-ago period as it said it gained from "value-seeking behaviors," while Target's revenue and profit declined. Two of the biggest retailers in the U.S., Walmart (WMT) and Target (TGT), recently reported earnings that beat analysts' estimates...
along with a 40% increase in itse-commercesales. The strong results from Walmart and Target helped boost the entire retail sector, ranging from bulk retailers like Costco Wholesale Corporation (COST) to discount retailers like Dollar General Corporation (DG). (See also:Walmart, Target Likely Ba...