Walmart, Target
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Al Jazeera on MSNWalmart scoops customers from rivals but warns inventory cost is rising
Second-quarter results showed that the retailer has continued to benefit from price sensitivity among US consumers.
The company marked a milestone in May — posting its first profitable quarter for its e-commerce business in the U.S. and globally.
It didn’t have to be this way. At the start of his tenure, Cornell, who the company announced yesterday will step down as CEO on February 1, was an outsider unafraid to move fast and break things. He had been CEO of a big PepsiCo unit, Michaels Stores, and Sam’s Club before that.
Target's stock is down, and Walmart's stock is up. Do you buy the stock performance winner or the loser of this matchup?
Walmart delivered a mixed set of second-quarter results, underscoring the pressures of rising costs and tariffs on the world's biggest retailer. Adjusted earnings per share came in at $0.68 (£0.51), missing Wall Street estimates of around $0.
Target (TGT) recently announced a CEO transition, with Michael Fiddelke set to replace Brian Cornell, highlighting continuity in leadership and a focus on enterprise efficiencies. Despite a decline in earnings,
But today's focus is on the state of retail, with Walmart (WMT) reporting a mixed second quarter and Target (TGT) delivering another weak quarter on Tuesday. Both of these earnings reports couldn’t have been more different, though each clearly showed the ...
According to a recent analyst note obtained by MarketWatch, BofA analysts state that because of its high import exposure, Target will need to increase its prices to twice the rate