Victims of Amazon
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This basket consists of brick and mortar who have lost considerable market share to online competition.
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- Yahoo Finance
Trade war intensifies – What to know in the week ahead
Another wild week in the markets sent the Dow more than 600 points lower last Friday alone, as investors considered the latest escalations in the U.S.-China trade war. Against this back-drop, this week is poised to be another busy one for markets.
- Motley Fool
4 Reasons Target Soared to an All-Time High
The big-box retailer is firing on all cylinders and bulldozing the bears.
- Reuters
Disney to launch 25 stores inside Target nationwide on October 4
Walt Disney Co and Target Corp announced a collaboration on Sunday that will open 25 Disney stores inside select Target locations nationwide on Oct. 4, with plans for 40 additional sites by October next year. Disney said in a statement that the "shop-in-shop" would feature an array of more than 450 items from the company, including more than 100 products previously only available at its locations. Disney stores will launch inside Target in major cities such as Philadelphia, Denver and Chicago.
- Motley Fool
Better Buy: Costco vs. Walmart
Which big-box discounter is the better bet in the age of e-commerce?
- Motley Fool
3 Things Target's CEO Wants Investors to Know
The retailer continues to perform well by following a somewhat unique path.
- Motley Fool
How to Invest in Warehouse Club Stocks
Everything a warehouse club stock investor needs to know before buying into this attractive retailing niche.
- Motley Fool
3 Surprising Stocks Hitting New Highs Last Week
There were nearly 650 stocks hitting high-water marks last week, and some of the big winners have come back from a long way down.
- Motley Fool
Kohl's Taps Facebook for New Clothing Line
The retailer is counting on the social media site to have the right fashion sense for millennials.
- FX Empire
U.S. Dollar Index Futures (DX) Technical Analysis – Strengthens Over 97.545, Weakens Under 97.510
Based on Friday’s price action and the close at 97.530, the direction of the September U.S. Dollar Index on Monday is likely to be determined by trader reaction to the support cluster at 97.545 to 97.510.
- Motley Fool
Don't Be Fooled: Kohl's Isn't an Undervalued Dividend Stock
This brick-and-mortar retailer pays a big yield -- but it also faces big challenges.
- Bloomberg
Amazon Joins Walmart in Saying Tesla Solar Panel Caught Fire
(Bloomberg) -- Walmart Inc. isn’t the only corporation that has seen its Tesla Inc. solar panels catch fire.On Friday, Amazon.com Inc. said a June 2018 blaze on the roof of one of its warehouses in Redlands, California, involved a solar panel system that Tesla’s SolarCity division had installed. The Seattle-based retail giant said by email that it has since taken steps to protect its facilities and has no plans to install more Tesla systems.Tesla also said in a statement it worked with Amazon following the “isolated event” last year that occurred in an inverter at one of the sites. “Tesla worked collaboratively with Amazon to root cause the event and remediate,” it said. “We also performed inspections at the other sites, which confirmed the integrity of the systems,” adding that all 11 Amazon sites are generating energy and are monitored and maintained.News of the Amazon fire comes just three days after Walmart dropped a bombshell lawsuit against Tesla, accusing it of shoddy panel installations that led to fires at more than a half-dozen stores. The claims threaten to further erode Tesla’s solar business at a time when the company is fighting to gain back market share.Walmart and Tesla issued a joint statement late Thursday, saying they were in discussions to resolve their issues. “Both companies want each and every system to operate reliably, efficiently, and safely,” they said. Tesla fell 0.8% in after-hours trading on Friday to $209.75.In the complaint filed Tuesday, Walmart said it had leased or licensed roof space at more than 240 stores to Tesla’s energy unit. Two of the Walmart fires occurred in May 2018. Amazon said it has a very small number of solar systems installed by Tesla.More widely known for its electric cars, Tesla bought panel installer SolarCity three years ago in a $2 billion deal that proved highly controversial. SolarCity’s chief executive officer at the time is the cousin of Tesla CEO Elon Musk, and Musk was the chairman of SolarCity’s board.Also this week, Business Insider reported that Tesla launched an effort to replace a faulty part used in some of its solar panel systems last year. It was unclear whether issues with the component known as a “connector” affected Walmart or Amazon installations.Tesla said in response to the Business Insider story that some connectors manufactured by Amphenol Corp. “experienced failures and disconnections at a higher rate than our standards allow.” Over the past year, the company said, less than 1% of sites with these connectors exhibited abnormal behavior.Amphenol did not respond to a request for comment.(Updates with Tesla’s response in third and fourth paragraphs.)\--With assistance from Brian Eckhouse.To contact the reporters on this story: Dana Hull in San Francisco at dhull12@bloomberg.net;Matt Day in Seattle at mday63@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Kara WetzelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- FX Empire
Dollar Index Plunges on Increasing Concerns Over U.S. Recession
The Canadian Dollar rose 0.15% against the U.S. Dollar. Gains were limited by a steep drop in crude oil prices. The Euro posted a 0.46% gain against the dollar, but due to its heavy weighting, it had the biggest influence on the index’s decline.
- Market Realist
Why Is Expansion into India a Big Deal for PayPal?
PayPal takes on India’s digital payments market as it looks to international markets for growth. India presents a $1.0 trillion opportunity for the company.
- Motley Fool
Where Will Costco Be in 5 Years?
The leading U.S. warehouse-club operator is hitting all-time highs this summer, and it may not be a different story come 2024.
- TechCrunch
Walmart and Tesla are going to try and work things out
Walmart came out swinging earlier this week in a lawsuit that accused Tesla of breach of contract and gross negligence over problems with rooftop solar panel systems installed at the retail giant's stores. Now, just days later, the lawsuit has been placed on hold while the two companies try to reach an agreement that would keep the solar installations in place and put them back in service, according to a joint statement issued late Thursday night. "Walmart and Tesla look forward to addressing all issues and re-energizing Tesla solar installations at Walmart stores, once all parties are certain that all concerns have been addressed," the statement read.
- Motley Fool
Target Earnings Call Highlights: It's All About Same-Day Delivery
Executives were clear about where the retailer's outperformance is coming from.
- Zacks
Lululemon Q2 Earnings Preview: Can LULU Stock Continue Its Climb?
Can Lululemon (LULU) stock continue its climb following its Q2 earnings release in early September?
- Motley Fool
Why Nordstrom Stock Slipped Today
Shares of the high-end retailer got swept up in the broader market sell-off.
- Reuters
On-off trade tariffs wreak havoc on U.S. company planning
Win Cramer thought his company was out of the firing line in the escalating Sino-U.S. trade war after his "Made-in-China" wireless headphones, speakers and earbuds were taken off Washington's tariff list a year ago. Little did the JLab Audio chief executive know that nine months later those products would again be targeted, posing an even greater risk to his California-based company. Earlier this month, U.S. President Donald Trump unexpectedly put off new 10% tariffs on about half of $300 billion of targeted Chinese imports until Dec. 15.
- Simply Wall St.
Should You Care About Kohl's Corporation’s (NYSE:KSS) Investment Potential?
Today we are going to look at Kohl's Corporation (NYSE:KSS) to see whether it might be an attractive investment...
- Motley Fool
Here's What Kohl's Is Doing to Drive Sales
The company had a down quarter, but its CEO believes it's on track for success.
- Bloomberg
Amazon Inks Deal for Possible Stake in India’s Future Retail
(Bloomberg) -- Amazon.com Inc. struck a deal that gives it the right to eventually buy a stake in India’s Future Retail Ltd., as the U.S. giant seeks to bolster its presence in one of the world’s fastest-growing retail markets.Amazon.Com NV Investment Holdings LLC agreed to buy 49% of Future Coupons Ltd., Future Retail said in a filing Thursday. The deal gives Amazon the option to buy all or part of Future Coupons’ shareholding in Future Retail, though that won’t be exercisable until between three and 10 years.The terms of the agreement weren’t disclosed. The Indian company said earlier this month that Future Coupons held warrants that would give it a 7.3% stake in the listed entity.People familiar with the matter said last week that Amazon was in late-stage talks to acquire as much as 10% of Future Retail, with the Indian company seeking a valuation of about 20 billion rupees ($278 million) for the stake.“Amazon has agreed to invest in Future Coupons Limited, which is engaged in developing innovative value-added payment products and solutions such as corporate gift cards, loyalty cards, and reward cards primarily for corporate and institutional customers,” the Seattle-based company said in an emailed response to Bloomberg. “This investment will enhance Amazon’s existing portfolio of investments in the payments landscape in India.”Shares of Future Retail fell 4.6% in Mumbai on Friday while the main S&P BSE Sensex index gained.Amazon’s AmbitionsThe link-up with India’s No. 2 retailer by revenue underscores Amazon’s ambitions in the country, after losing ground in China. India’s modern retail market will more than double to $188 billion by 2023 from $79 billion last year, according to consultant Technopak Advisors.Amazon is in a battle for India’s consumers with rival Walmart Inc., which spent $16 billion last year to acquire e-tailer Flipkart, and the e-commerce venture of Mukesh Ambani, Asia’s richest man, that plans to combine online and offline retail formats in India.Amazon has been acquiring small stakes in other Indian brick-and-mortar chains in the past few years, such as Shoppers Stop Ltd. and a grocery chain from the Aditya Birla Group.Mumbai-based Future Retail operates more than 2,000 stores across 400 Indian cities, including the “Big Bazaar” stores that are designed to appeal to value-conscious urban consumers.The deal with Amazon will help the Indian retailer adapt better in the highly competitive sector, local brokerage Edelweiss Securities Ltd. said in a note on Friday.“Players opting for omni-channel platform will ace the game,” Edelweiss said, adding that it was essential for Future Retail “to join hands with a global player to bolster it financially as well as technologically.”(Adds Amazon response)\--With assistance from P R Sanjai and Saritha Rai.To contact the reporter on this story: Angus Whitley in Sydney at awhitley1@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Jeff Sutherland, Bhuma ShrivastavaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
