Kroger maintained full-year guidance early Thursday after beating earnings estimates for its fiscal first quarter. Kroger stock fell further below a key level. Shares of rival grocery kingpin Walmart set a fresh record.
Target needs to take several key actions to reverse its financial fortunes, says one retail expert.
Better pricing, effective inventory management and operational initiatives are likely to drive Retail - Discount Stores companies. Costco (COST), Target (TGT), Dollar General (DG) and Burlington Stores (BURL) look well-placed.