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Retail Earnings Parade Continues: Home Depot, Lowe's In The Spotlight
Sunday, May 15, 2016 - 1:37pm | 606Read More...The big retailers continue taking their turns on the earnings stage this week. Highlights include the most recent quarterly results from two leading home improvement superstore operators. Wall Street analysts are looking for solid earnings growth from each of them. So far, the most recent...
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Can Alibaba's Jack Ma Bring 'America To China'?
Saturday, November 8, 2014 - 3:44pm | 662Read More...Jack Ma, Alibaba Group Holding Ltd's (NYSE: BABA) founder and chairman, is the richest person in all of China. Ma’s company, which reported 54 percent sales growth in its first earnings report since going public and is now officially worth more than Wal-Mart Stores, Inc. (NYSE: WMT),...
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A Brewing Battle: Apple Pay Vs. MCX CurrentC
Monday, October 27, 2014 - 2:41pm | 669Read More...News broke over the weekend that Rite Aid Corporation (NYSE: RAD) and CVS Corporation (NYSE: CVS) had disabled Apple Inc.’s (NASDAQ: AAPL) Apple Pay mobile wallet payment system in their stores. The story behind the story told of a mobile payment battle involving Apple, a number of...
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Will Wal-Mart Stores, Inc. Really Give Banks A Run For Their Money?
Tuesday, September 30, 2014 - 9:27am | 808Read More...Wal-Mart Stores, Inc.’s (NYSE: WMT) plan to partner with prepaid-card company Green Dot Corporation (NYSE: GDOT) to offer checking accounts to unbanked Wal-Mart customers is the retail giant's latest effort to enter the financial sector. Wal-Mart's previous attempts had U.S....
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6 Sure Signs The Holiday Shopping Season Is Already Here
Thursday, September 25, 2014 - 1:42pm | 957Read More...Autumn officially arrived at 10:29 p.m. ET September 22. Just ahead of that, the 2014 holiday shopping season began. For those who missed the signs, here are six sure indicators, along with the retailers that introduced them, offering proof positive that the holidays have arrived. 1....
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Dollar General Earnings Conference Call Summary
Tuesday, June 3, 2014 - 3:48pm | 366Read More...Dollar General (NYSE: DG) on Tuesday hosted its earnings call for the second-quarter of the fiscal year. Despite reporting poor sales for the quarter, management spoke in a pleased and optimistic tone about the company's performance, competitors and future operations. Second-Quarter...
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Earnings Expectations for the Week of February 20
Sunday, February 19, 2012 - 10:46am | 1082Read More...The focus turns to earnings from retailers this week. Abercrombie & Fitch (NYSE: ANF) and Nordstrom (NYSE: JWN) kicked things off last week. The former posted lower earnings per share in line with estimates, while the latter narrowly beat EPS expectations but revenues fell short. Here is a look...
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Walmart Express Stores Roll Out Next Week
Saturday, June 4, 2011 - 12:09pm | 213Read More...Walmart (NYSE: WMT) has seen eight straight quarters of negative same-store sales. But its smaller Walmart Neighborhood Market stores saw a sales increase of 4% in the first quarter of 2011. The retail giant now says it will begin testing an even smaller-store format called Walmart Express. The...
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Earnings Highlights for the Week of May 30
Sunday, May 29, 2011 - 4:09pm | 850Read More...Things will be fairly quiet on the earnings front this holiday-shortened week as the spring earnings season winds down. Joy Global (NASDAQ: JOYG) and SAIC (NYSE: SAI) are the only S&P 500 components currently on the scheduled to report quarterly results this week. The latter is expected to post...
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Citigroup Raises PT On Wal-Mart Stores To $70
Wednesday, May 18, 2011 - 7:03am | 26Read More...Citigroup has raised the price target on Wal-Mart Stores (NYSE: WMT) from $63 to $70 and maintains its Buy rating.
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Citi's Quick Take From WMT's International Conference
Thursday, March 31, 2011 - 8:27am | 104Read More...Citi is providing a quick take from day one of the Wal-Mart Stores Inc (NYSE: WMT) international conference. “As of the end of 2010, Walmart Int'l sales were 26.1% of total sales. Sales have grown at a CAGR of 13.0% since 2005, 3x the rate of Walmart U.S. and Sam's Club,” Citi writes. “Looking...
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Citigroup Raises PT On Wal-Mart Stores To $63
Wednesday, February 23, 2011 - 8:31am | 26Read More...Citigroup has raised the price target on Wal-Mart Stores (NYSE: WMT) from $62 to $63 and maintains its Buy rating.
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Goldman Sachs Maintains WMT Target Following 4Q Results
Tuesday, February 22, 2011 - 11:21am | 170Read More...Wal-Mart Stores, Inc. (NYSE: WMT) reported 4Q EPS of $1.34 (excluding $0.07 in tax benefits), “versus our above-consensus estimate of $1.32,” Goldman Sachs reports. “The company was able to leverage SG&A by 12 bp despite US SSS of -1.8%,” Goldman Sachs writes. “Gross margin increased 5 bp,...
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JP Morgan Downgrades Wal-Mart Stores To Neutral, PT To $54
Monday, February 14, 2011 - 8:58am | 28Read More...JP Morgan has downgraded Wal-Mart Stores (NYSE: WMT) from Overweight to Neutral and has lowered the price target from $59 to $54.
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Goldman Sachs Downgrades Wal-Mart Stores To Neutral
Monday, January 10, 2011 - 7:50am | 27Read More...Goldman Sachs has downgraded Wal-Mart Stores, Inc. (NYSE: WMT) from Buy to Neutral and has issued a $60 price target.
