|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's range||83.16 - 83.82|
|52-week range||73.13 - 109.98|
|PE ratio (TTM)||27.90|
|Earnings date||16 Aug 2018|
|Forward dividend & yield||2.08 (2.47%)|
|1y target est||95.12|
Microsoft (MSFT) and Alphabet’s (GOOGL) Google have come up with technologies and services that could help traditional retailers give Amazon (AMZN) a run for its money defending its e-commerce dominance. Google’s Express and Shopping Actions programs are aimed at helping retailers boost their online sales. Walmart (WMT) and Target (TGT) are among the traditional retailers that have adopted Google’s e-commerce services to try to expand their online presences.
China's willingness to boycott imported goods in order to inflict economic pain on its adversaries is often referred to as "boycott diplomacy."
Britain's competition regulator is likely to insist on store disposals to clear Sainsbury's' proposed 7.3 billion pounds ($9.62 billion) takeover of rival Asda, its boss told lawmakers on Wednesday. Sainsbury's and Walmart-owned Asda need the Competition and Markets Authority (CMA) to approve their combination without it demanding they sell off so many stores that it removes the rationale for the deal. Sainsbury's chief executive Mike Coupe was asked about the prospect of store disposals being insisted on as a condition of clearance when he appeared in front of the lower house of parliament's Environment, Food and Rural Affairs Committee.
Britain's competition regulator is likely to insist on store disposals to clear Sainsbury's' proposed 7.3 billion pounds ($9.62 billion) takeover of rival Asda, its boss told lawmakers on Wednesday. Sainsbury's and Walmart-owned Asda need the Competition and Markets Authority (CMA) to approve their combination without it demanding they sell off so many stores that it removes the rationale for the deal.
“We had no idea our former store would be used for such a disturbing purpose,” Walmart said in a tweet Tuesday evening, replying to a separate tweet that called for a boycott of the retailer. A former Walmart in Brownsville, Texas, is one of several facilities run by a nonprofit called Southwest Key Programs Inc. that are used to hold the children of parents who have crossed the U.S. border illegally. The sites have sparked a firestorm of criticism that’s expanded to include Republican governors, European governments and former first lady Laura Bush.
Kroger (KR) will report earnings on Thursday, but will Walmart's (WMT) more aggressive pricing strategy take a bite out of results? Jefferies' Christopher Mandeville takes a look at pricing in the food-retail space, and found that a price war is heating up in Phoenix. Although his survey data doesn't cover customized promotions and fuel rewards, he found that quarter-over-quarter trends showed that Walmart is pulling ahead of Kroger (and others) in terms of the lowest prices.
Walmart Inc. sold $16 billion of bonds to help finance its investment in India’s biggest online seller, in the second-largest U.S. corporate debt sale of the year. The longest bond, a 30-year security, yields 1.05 percentage points above Treasuries, less than the initial 1.2 percentage points that was being pitched earlier in the day, according to a person with knowledge of the matter, who asked not to be identified because the details are private. The deal edged out an offering Bayer AG completed two days ago.
BJ’s private-equity owners will retain control of a company with margins that lag rivalsBJ’s Wholesale is focused on the New England area and has room to grow, says the company. BJ’s Wholesale Club, operator of 215 warehouse clubs across 16 states largely along the U.S.’s eastern seaboard, is planning an initial public offering, returning to the public markets after a seven-year spell as a private company. The company(IPO:BJ)is offering 37.5 million shares priced at $15 to $17 each, which would raise about $600 million at the midpoint of the range.
Sam’s Club is joining the mini-me retail club with a new small-format store that’s an incubator for digital conveniences, as merchants adjust their fleets in an overstored retail market with $54.9 billion in U.S. e-commerce sales flowing through the product pipeline. Come fall, the 32,000-square-foot unit, a quarter of the size of an average 136,000-square-foot Sam’s Club, will bow in the Lower Greenville neighborhood of Dallas. The move signals that parent company Walmart hasn’t given up on mining small stores for growth, despite failing to make an impact in a scaled-down box.
TALLASSEE, Ala. (AP) — A gunman crashed into a vehicle outside a Walmart store on Tuesday morning, opening fire and killing two women before taking his own life, authorities said.
The department store chain is also about to start testing mini Sears shops, selling appliances, inside its Kmart locations.
In this final part of the series, we’ll look at Wall Street’s recommendations and current valuations of Kroger (KR). Kroger is covered by 26 Wall Street analysts, who have jointly rated the stock a 2.2 on a scale of 1.0 (strong buy) to 5.0 (sell).
After falling ~20.0% in 2017, Kroger’s (KR) stock price has fallen 4.6% so far this year. The company is trading more than 20.0% below its 52-week high price. However, Kroger isn’t the only consumer staples stock that’s stuck in the red.
Costco (COST) stock was trading at a forward PE (price-to-earnings) multiple of 27.7x on June 15, which was significantly higher than its peers. If we look at the historical trend, Costco stock has always traded at a premium when compared with Walmart (WMT) and Target (TGT) stock, as can be seen in the graph below. In comparison, the S&P 500 Index (SPX) was trading at a forward PE multiple of 17.5x on June 15.
Groceries account for 56.0% of Walmart’s sales, and the retailing giant is leaving no stone unturned to capture further market share. According to a Raymond James survey, Walmart reduced its prices by 4.0% between February and April this year. Walmart’s nationally branded food products had lower prices than even Dollar General and Family Dollar.
The two companies described the investment announced on Monday as one piece of a broader partnership that will include the promotion of JD.com products on Google's shopping service. JD.com's U.S.-listed shares rose 0.4 percent to close at $43.76 on Nasdaq. JD.com's investors include Chinese social media powerhouse Tencent Holdings Ltd , the arch-rival of Chinese e-commerce leader Alibaba Group Holding Ltd (BABA.N), and Walmart Inc (WMT.N).
Costco’s (COST) earnings per share have seen double-digit growth over the past five quarters. In comparison, Walmart (WMT) has also improved its EPS. Target’s (TGT) EPS returned to a growth trend during the recently reported fiscal first quarter.
If meal delivery services could deliver the aromas their recipes create to consumers, they might sell a lot more meal kits. As it is, analysts see a $10 billion industry soon.
Costco (COST) has posted impressive sales performance over the past several quarters and has outperformed both Walmart (WMT) and Target (TGT). During the recently concluded quarter, Costco’s comps (comparable store sales) in the US grew 7.7% (excluding the changes in fuel prices and currency movements). This is higher than Walmart’s 2.1% growth (excluding fuel) and Target’s 3.0% increase.
"Online, in-store, it shouldn't matter, it should all be blended: Consumers can shop wherever they want--it's the retailers that build one-on-one relationship customers that will win." Tzuo tells Barron's that the subscription model, like Amazon.com's (AMZN) Amazon Prime, has already reshaped retail, and traditional stores simply haven't realized it yet--to their own detriment. "Amazon isn't successful just because it's an e-commerce site, but because it knows how to think like its customers," he says, noting that he can search his Amazon purchase history going back more than 20 years, while a retailer such as Walmart (WMT) has no data about the roughly 100 million customers that walk through its doors every week. Instead of framing the state of the industry as an e-commerce versus physical-store issue, and spending big sums of money to acquire Jet.com and a stake in FlipKart, Walmart should instead create a universal Walmart ID, so it can collect data on its customers--the first step to establishing an omnichannel relationship.
At a time when retail giants like Walmart (WMT), Target (TGT), and Amazon (AMZN) are fiercely competing for a greater share of consumer spending, Costco (COST) is enjoying smooth sailing. When Amazon disrupted the grocery space with its 2017 Whole Foods acquisition, Wall Street analysts were most concerned about the prospects for Costco stock.
The police have arrested a 23-year-old man in Yuma, Arizona, who they say made fraudulent returns at more than 1,000 Walmart locations across the United States. Return fraud costs retailers up to $17 billion annually in the US. Thomas Frudaker was reportedly arrested in Yuma, Arizona, last week after a Walmart employee witnessed the young man attempting to return a computer and contacted the police.