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Pantry Stocking Buoys Walmart's Fiscal First Quarter
Tuesday, May 19, 2020 - 10:54am | 530Walmart, Inc. (NYSE: WMT) saw the impact of pandemic-mandated stay-at-home orders as its comparison sales surged 10% year-over-year to nearly $136 billion in the company's fiscal first-quarter 2021, which ended April 30. The nation's largest retailer reported adjusted earnings per share (EPS) of $...
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Walmart Pulls The Plug On Jet.com 'City Grocery Experience'
Monday, November 25, 2019 - 10:55am | 344Walmart Inc (NYSE: WMT) put an end to its "city grocery experience" delivery initiative in New York City, which delivered groceries to customers in as little as three hours. Bloomberg first reported Friday that Walmart could axe up to 300 jobs after shutting down its NYC delivery...
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Was Blue Apron Doomed From The Beginning?
Wednesday, December 19, 2018 - 12:40pm | 682Less than 18 months after its high-profile IPO, Blue Apron Holdings Inc (NYSE: APRN) is officially a penny stock. Blue Apron shares dropped below $1 for the first time this week, marking a more than 90 percent decline from its June 29, 2017 IPO price of $10. With heavy hitters targeting the company...
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From WW To Dunkin': A Look At Some Of The Biggest Corporate Name Changes
Wednesday, September 26, 2018 - 10:54am | 1017Just this week, two prominent companies changed their identities. The former Weight Watchers International, Inc. (NYSE: WTW) switched its name to WW. Then Dunkin Brands Corp. (NASDAQ: DNKN) dropped the donuts from its name and will now go by "Dunkin'" alone. Both of these...
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Walmart Once Again Positioned To Take Market Share, Analyst Initiates At Outperform
Wednesday, August 2, 2017 - 11:29am | 402Wal-Mart Stores Inc (NYSE: WMT) isn't going to fall victim to Amazon.com, Inc. (NASDAQ: AMZN)'s growing dominance, at least according to analysts at Oppenheimer who initiate coverage of Wal-Mart's stock with an Outperform rating and $90 price target. In fact, according to the firm's Rupesh Parikh,...
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Comparing Walmart And Amazon's Recent Acquisitions
Friday, June 16, 2017 - 11:18am | 446Wal-Mart Stores Inc (NYSE: WMT) announced Friday its acquisition of apparel brand Bonobos for $310 million in cash, but the transaction was largely overshadowed by rival Amazon.com, Inc. (NASDAQ: AMZN)’s simultaneous purchase of Whole Foods Market, Inc. (NASDAQ: WFM). Always one step ahead...
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Wal-Mart's International Biz Slows, Transformation Still In Progress
Friday, May 19, 2017 - 2:19pm | 394Wal-Mart Stores Inc (NYSE: WMT) hit a new 52-week high and a first quarter earnings beat on Thursday. The retail giant’s core U.S. business saw 1.4-percent same-store sales growth in the quarter and traffic growth was up 1.5 percent, the best performance since fiscal year 2012. Quarter Print...
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What Happened To Target's E-Commerce Business?
Friday, March 3, 2017 - 4:52pm | 830E-commerce has taken the retail world by storm to the extent that it has pushed the brick-and-mortar operations of many traditional retailers to the brink. To survive the online onslaught, some retailers with a physical presence have ventured into the e-commerce space, though not many could...
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Wal-Mart's E-Commerce Investments Paying Off, However Modestly
Wednesday, February 22, 2017 - 11:57am | 354At a time when Wal-Mart Stores Inc (NYSE: WMT) bulls were cheering for the retail giant’s strong online sales numbers for the holiday quarter, Stifel is not that impressed and prefers to remain on the sidelines. Wal-Mart's Performance Wal-Mart delivered a surprisingly impressive 29 percent...
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Brick-And-Mortar Retailers With The Strongest Online Sales Growth
Wednesday, November 16, 2016 - 4:47pm | 368With Black Friday a little over a week away, retailers are entering the most critical time of the year. Within the past several years, there has been a major fundamental shift in the way Americans do their holiday shopping. The emergence of Amazon.com, Inc. (NASDAQ: AMZN) and the creation of an...
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Following Jet.com Acquisition, Barclays Says Wal-Mart's Primed For An Upgrade
Friday, September 23, 2016 - 9:26am | 396Close on the heels of Wal-Mart Stores, Inc. (NYSE: WMT) closing its Jet.com acquisition, Barclays upgraded the biggest retailer stocks from Equal Weight to an Overweight rating and boosted the price objective from $70 to $87. This implies a growth potential of about 20 percent. The brokerage...
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4 Pieces Of Advice For Wal-Mart Now That Jet.com Acquisition Officially Closed
Thursday, September 22, 2016 - 10:36am | 465Wal-Mart Stores, Inc. (NYSE: WMT)'s $3.3 billion acquisition of Jet.com closed Monday, but the retailer's woes won't go away overnight. Bloomberg Gadfly's Shelly Banjo offered four pieces of advice for Wal-Mart that could help close the gap between its online business and Amazon.com, Inc. (NASDAQ:...
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Is 'Mocial' The Key To Struggling Retailers' Future Success?
Tuesday, August 30, 2016 - 10:34am | 727Struggling department stores know they need to make a splash to remain relevant and survive in a constantly changing retail environment. Connecting with the consumer inside and outside of the store has become more important than ever. As has ever been the case, those who capitalize on changing...
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BMO Capital Maintains Underperform Rating On Wal-Mart Stores
Monday, August 22, 2016 - 1:27pm | 481BMO Capital has maintained its Underperform rating on Wal-Mart Stores, Inc. (NYSE: WMT), despite better-than-expected second-quarter earnings and gross margin. The world's biggest retailer reported adjusted EPS of $1.07, which exceeded the Street estimates by $0.05 a share and BMO estimates by $0....
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CNN's Paul La Monica Talks Target, E-Commerce And The Retail Sector With Benzinga
Friday, August 19, 2016 - 3:12pm | 466Target Corporation (NYSE: TGT) is losing momentum — both in brick-and-mortar stores and online — as it is bruised by Amazon.com, Inc. (NASDAQ: AMZN). But, Amazon isn't the only rival encroaching upon Target; the rebound of Wal-Mart Stores, Inc. (NYSE: WMT) may further halt the growth at...