Home Depot Inc
Walmart bets on its thousands of stores as it seeks to take e-commerce market share from Amazon
BENTONVILLE, Arkansas — Walmart’s cavernous stores are known for aisles of low-priced groceries, paper towels and apparel. Now, those big boxes are hubs for its e-commerce business, serving as launch pads for delivery drones, automated warehouses for online grocery orders and departure locations for direct-to-fridge drop-offs. Eventually, they will help pack and ship goods for […]
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What retail inventory misses and markdowns signal about the market’s fight against inflation
Jay Laprete | Bloomberg | Getty Images Retailers are missing and missing big. It started last week with the Walmart and Target results which showed big inventory builds and the need for markdowns, and it’s been followed up by weak earnings and outlook from Abercrombie & Fitch which sent its shares tumbling in a similar […]
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Jim Cramer says he likes these three smaller plays in battered retail sector
CNBC’s Jim Cramer said Friday that while the retail sector has had a rough week, there are still several winners that stand out against the deluge of stocks that tanked. “The big four aren’t the only retailers that reported this week, and surprisingly, some of the smaller players actually did pretty well,” the “Mad Money” […]
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Here’s what Walmart, Target, Home Depot and Lowe’s tell us about the state of the American consumer
How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money. Walmart said some of its […]
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Retail stocks slide after Target, Walmart’s dire results. Here’s where to find the good buys
The second major earnings disappointment in retail this week sent many investors running for the exits, but that’s also created a few opportunities in the sector. On Wednesday morning, Target followed Walmart in delivering a big earnings miss for the first quarter, warning that rising costs were eating into profit margins. The report helped weigh […]
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Target shares sink 25% after company says high costs, inventory woes hit profits
Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales of discretionary items from TVs to bicycles. Shares fell about 25% in early trading. Here’s what Target reported for the fiscal first quarter ended April 30, compared with […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as inflation claims another retailer Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures dropped Wednesday as rising inflation slammed another retailer. Target sank 24% in the premarket, […]
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Lowe’s sales decline as cool spring weather weighs on demand for outdoor products
A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday missed Wall Street’s sales expectations for the first quarter, as cooler spring weather hurt demand for supplies for outdoor do-it-yourself projects. Shares were […]
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Expect a rally Wednesday if there’s good news from retail giants and China, Jim Cramer says
CNBC’s Jim Cramer on Tuesday said that investors should keep an eye on retailer earnings and Covid news from China as indicators for how Wednesday’s trading session will go. If we get more good news from China tonight “along with fine quarters from Target and Lowe’s … we’re going to have another one of these […]
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Jim Cramer crushes Walmart management — ‘It’s embarrassing’
“This should be a big soul-searching moment for Walmart,” CNBC’s Jim Cramer said Tuesday after the retail giant reported quarterly results. Source
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