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Who's Shopping For Nordstrom's Stock? The Street Debates
Wednesday, March 4, 2020 - 6:00pm | 748High-end department store chain Nordstrom, Inc. (NYSE: JWN) reported a top- and bottom-line miss in its fourth-quarter earnings while management's outlook also fell short of expectations. Here is a summary of how some of the Street's top analysts reacted to the print. The Nordstrom Analysts...
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Target Analysts React To Q4 Earnings, Investor Day Presentation
Wednesday, March 4, 2020 - 2:39pm | 598Target Corporation (NYSE: TGT) reported fourth-quarter results Tuesday morning, followed up with an investor day presentation. Here is a summary of how some of the Street's top analysts reacted to management's discussion and presentation. The Target Analyst Stifel analyst Mark Astrachan...
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Retail Analyst Breaks Down Target's Report, Makes The Case For Costco And Walmart Stock
Tuesday, March 3, 2020 - 3:56pm | 384Retail companies dominated Tuesday morning's headlines with Target Corporation (NYSE: TGT) reporting fourth-quarter results while Costco Wholesale Corporation (NASDAQ: COST) continues to be mentioned as a beneficiary of people stocking up on supplies amid coronavirus uncertainties. What To Know...
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Walmart Pros Aren't Convinced It Can Beat Amazon At Its Own Game
Monday, March 2, 2020 - 1:41pm | 427Walmart Inc (NYSE: WMT) has announced a new paid membership program as part of a push against Amazon.com, Inc. (NASDAQ: AMZN) but some experts aren't optimistic the physical retailer can win the battle. What Happened Walmart's paid membership will reportedly serve as a rebrand of Walmart...
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How Amazon's One-Day Shipping Is Raising The Bar To Compete In E-Commerce
Monday, February 24, 2020 - 1:13pm | 467Even as investors are skittish about Amazon.com, Inc. (NASDAQ: AMZN) among broader market coronavirus fears, Morgan Stanley says the company's overnight delivery is changing customer tendencies and increasing expectations across the industry for how quickly stuff should get to your door. The...
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Walmart's Exposure To China 'Overestimated', Ex-Exec Says
Tuesday, February 18, 2020 - 12:05pm | 396The coronavirus and its impact on American companies was made clear in Apple Inc.'s (NASDAQ: AAPL) revenue warning but what's less clear is the impact to retailers like Walmart Inc (NYSE: WMT). According to Bill Simon, former president and CEO of Walmart U.S., the company's dependence...
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Credit Suisse Likes BJ's Wholesale Over Costco Right Now
Thursday, February 13, 2020 - 2:55pm | 496Warehouse retail offers investors an attractive theme as it touches on multiple growing consumer trends, according to Credit Suisse, but investors shouldn't rush out to buy shares of the industry titan. Judah Frommer initiated coverage of Costco Wholesale Corporation (NASDAQ: COST) with a...
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Cashierless Checkouts One Step Closer To Reality At 7-Eleven
Thursday, February 6, 2020 - 1:52pm | 397Convenience store chain 7-Eleven is testing a cashierless and checkout-free concept at its corporate headquarters. What Happened 7-Eleven's store in its headquarters is limited to employees only and the cashierless experience requires the use of an app. The user scans the app when they enter...
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BofA Downgrades Dollar Tree, Cites Potential For Margin Risk
Thursday, January 23, 2020 - 4:00pm | 334The bullish case for Dollar Tree, Inc. (NASDAQ: DLTR) can no longer be justified as benefits from Family Dollar remodels are unlikely to be large enough to offset a gross margin impact, according to Bank of America. The Analyst Robert Ohmes downgraded Dollar Tree from Buy to Neutral with a price...
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The Street's Debate Over Costco Stock Continues
Thursday, January 23, 2020 - 12:53pm | 374Oppenheimer analyst Rupesh Parikh turned bullish on Costco Wholesale Corporation (NASDAQ: COST) this week and his colleague Ari Wald offered a more technical case for the stock on CNBC. COST 'Just Getting Started' Wald, Oppenheimer's head of technical analysis, said Costco's stock...
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Costco CEO Talks Special Dividend, Membership Fees In CNBC Interview
Wednesday, January 22, 2020 - 10:00am | 421Costco Wholesale Corporation (NASDAQ: COST) CEO Craig Jelinek told Jim Cramer in an interview aired Tuesday how the company is able to both offer consumers low prices and pay employees a higher than average wage. Low Prices Costco offers consumers "great prices" because of its unique...
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What Went Wrong At Target During The Holidays?
Wednesday, January 15, 2020 - 2:23pm | 498Target Corporation (NYSE: TGT) was among the hottest retailers heading into the 2019 holiday season. So when the company reported disappointing holiday results on Wednesday, the stock tumbled. So what went wrong at Target? 'Far Short' Of Expectations Target's same-store sales growth...
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Want A Tofurky Burger? Pick One Up At Target
Thursday, January 9, 2020 - 4:12pm | 370Tofurky, an independent plant-based protein maker, said Wednesday its beef-style burger can be purchased at more than 600 Target Corporation (NYSE: TGT) stores. What Happened Tofurky's plant-based burger is made with soy protein, vegetable protein and wheat gluten, the company said in...
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Weak Holiday Comp Sales Reports Drive Traditional Retail Stocks Down
Thursday, January 9, 2020 - 12:18pm | 661Weak holiday sales reports sent Kohl's Corporation (NYSE: KSS) and JC Penney Company Inc (NYSE: JCP) shares tumbling Thursday while bolstering the notion of a humbug holiday for traditional retailers who couldn't compete with online sellers. Kohl’s announced a 0.2% drop in comparable...
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Bank Of America Downgrades Kohl's After Disappointing Holiday Sales
Thursday, January 9, 2020 - 10:40am | 344Bank of America no longer holds a bullish stance on Kohl's Corporation (NYSE: KSS) after the retailer reported holiday period comparable sales fell 0.2% year over year. The Analyst Lorraine Hutchinson downgraded Kohl's from Buy to Neutral with a price target lowered from $55 to $50. The...