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Baird On Bed Bath & Beyond's Stock: 'Worth A Shot'
Thursday, September 24, 2020 - 2:08pm | 330Retail executives face an uphill battle in succeeding in a turnaround plan but a bullish stance on Bed Bath & Beyond Inc. (NASDAQ: BBBY) is "worth a shot," according to Baird. The Analyst: Peter Benedict upgraded Bed Bath & Beyond's stock from Neutral to Outperform with a...
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Dunkin Enters Self-Checkout Category At Sports Stadiums
Wednesday, September 23, 2020 - 3:59pm | 365Coffee chain Dunkin Brands Group Inc. (NASDAQ: DNKN) is experimenting with the new and fast-growing self-checkout concept. What Happened: Dunkin is testing a new checkout-free payment system at sports stadiums at a time when consumers demand faster speed of service with less human contact at...
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Harvest Health, MariMed Each Open New Cannabis Dispensaries
Monday, September 21, 2020 - 1:02pm | 414Vertically integrated cannabis company Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF) has cut the ribbon on yet another dispensary in Arizona. The new store - located at 2017 W Peoria Avenue in Phoenix – is the company’s 15th location in The Grand Canyon State...
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Walmart+ 'Looks Very Different' Than Amazon Prime, Experts Say
Wednesday, September 2, 2020 - 10:39am | 511Retail giant Walmart Inc (NYSE: WMT) announced Walmart+ on Monday, a new subscription program that some experts are saying is not designed to be a direct competitor to Amazon.com, Inc.'s (NASDAQ: AMZN) Prime. Walmart Says It's Not Targeting Amazon: Walmart's new service...
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Canada Opened 46 Cannabis Retail Stores In August
Monday, August 31, 2020 - 2:28pm | 322The growth of physical retail space in the Canadian cannabis space remains inconsistent, but it is still moving in the right direction, BofA Securities said in a note. The Analyst: Bryan Spillane details findings of the research firm's bi-weekly Canada cannabis retail store tracker. The Thesis...
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Here's Why DA Davidson Is Recommending Best Buy, Target, Walmart
Friday, August 14, 2020 - 4:05pm | 544DA Davidson analysts initiated coverage of a handful of retailers Friday and rated them based on their exposure to the current "stay, play, earn, and learn from home" environment. Michael Baker initiated coverage of Best Buy Co Inc (NYSE: BBY) with a Buy rating and a $118 price...
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L Brands Trades Up 30% On Victoria's Secret Update
Wednesday, July 29, 2020 - 2:10pm | 435L Brands Inc (NYSE: LB) reported a strategic review and business update that prompted JPMorgan to double upgrade the stock. The company announced it sees $400 million annualized cost reductions through a profit improvement plan for Victoria's Secret. The company also announced it has...
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BofA Turns Bullish On Kohl's, Highlights Recovery Trends, Balance Sheet
Wednesday, July 8, 2020 - 10:27am | 376Multiple department stock stocks are down around 60% since the start of 2020, but differentiated stores like Kohl's Corporation (NYSE: KSS) have upside potential moving forward, according to BofA Securities. The Kohl's Analyst: Lorraine Hutchinson upgraded Kohl's from Neutral to Buy...
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The Street Debates Whether Five Below's Stock Is A Bargain
Wednesday, June 10, 2020 - 1:05pm | 736Value retailer Five Below Inc (NASDAQ: FIVE) reported first-quarter results Tuesday that were highlighted by a 52% decline in comps and a wider-than-expected loss of 91 cents per share due to the COVID-19 pandemic. Yet some Street analysts remain bullish on the stock on the basis of an encouraging...
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Simon Property To Gap: See You In Court For Not Paying Rent
Friday, June 5, 2020 - 1:51pm | 348Mall owner giant Simon Property Group Inc (NYSE: SPG) is suing retailer Gap Inc (NYSE: GPS) over unpaid rent and other expenses, The Wall Street Journal reported on Thursday. What Happened Simon is taking Gap to court as the retailer failed to pay its rent for April, May and June, according to...
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Ulta Beauty CEO Highlights Pent-Up Demand, Expects Full Reopening In June
Tuesday, June 2, 2020 - 3:31pm | 380Ulta Beauty Inc (NYSE: ULTA) was forced to pivot to an e-commerce only business model in March and followed up a few weeks later with a curbside pickup option. Consumers responded "tremendously well" to the initiatives, but now the company is ready to proceed with store reopenings, CEO...
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Cramer Weighs In On How The 'New Normal' Will Hurt Kohl's And PVH
Tuesday, April 28, 2020 - 7:48am | 362The "new normal" in a post-coronavirus universe will certainly look different from the "old normal," which makes companies like Kohl's Corporation (NYSE: KSS) and PVH Corp (NYSE: PVH) "uninvestable," Jim Cramer said Monday evening. There are signs that the American...
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Walmart Shifts Pickup Strategy To Cater To SNAP, At Risk Customers
Wednesday, April 15, 2020 - 2:51pm | 348Walmart Inc (NYSE: WMT) is taking steps to make it easier for SNAP customers and those at risk to pick up groceries. SNAP Benefits Walmart will offer flexible payment options to customers participating in the Supplemental Nutrition Assistance Program (SNAP). The company is working with the U....
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Macy's CFO Departure Adds Further 'Uncertainty'
Wednesday, April 8, 2020 - 3:30pm | 347Macy's Inc (NYSE: M) announced Tuesday its CFO and Executive Vice President Paula Price will leave the company and this transition adds another layer of "uncertainty" at an already "turbulent period," according to BofA Securities. The Macy's Analyst Lorraine Hutchinson...
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Wells Fargo: Dollar Tree A 'Sound Investment In An Uncertain Landscape'
Tuesday, March 31, 2020 - 3:21pm | 350Dollar Tree, Inc. (NASDAQ: DLTR) should be considered a "sound investment in an uncertain landscape" although there is still a certain degree of risk involved, according to Wells Fargo. The Dollar Tree Analyst Edward Kelly maintains an Overweight rating on Dollar Tree's stock with a...