David Jones is reported to be considering an offer for rival Myer. Myer sales have been sliding in an increasingly competitive retail environment. David Jones is said to have appointed advisers to help look at a deal. Shares in department store Myer jumped following a report of a possible acquisition […]
Walmart and Amazon are going head-to-head in the online grocery delivery space, but it’s an area where the investment potential has not been fully unlocked. A Jefferies analyst says that will soon change as home delivery becomes the least retailers can do to remain competitive. You can see how Walmart’s […]
Nike is showing some signs of progress toward accelerating sales growth and margins, Wedbush Analyst Christopher Svezia says. Svezia believes the company’s financials will improve on the back of less FX pressure, a higher average selling price, and new product releases. Watch Nike’s stock price move in real time here. […]
Walmart has been renewing efforts to offer discounts on its best-selling products, which could help it support its share price – for now, according to a Credit Suisse analyst. Walmart disappointed investors when it reported a slowdown in e-commerce sales growth last quarter. View Walmart’s stock price in real time […]
Adidas may do well in the fourth quarter thanks to the World Cup, but the apparel maker still needs to find ways keep up its momentum, Wedbush analyst Christopher Svezia found. The one way Adidas can stay ahead of competition is to ramp up its promotional activity, he says. Adidas […]
Foot Locker could become a big beneficiary of the “rise of sneaker culture,” Jefferies Analyst Randal Konik writes. Nike‘s comeback should help support Foot Locker’s future earnings growth, Konik said. Shares of the shoe retailer dropped 13.84% on Friday after it reported disappointing quarterly earnings. Watch Foot Locker’s stock price […]
Victoria’s Secret’s PINK line is peaking as the company sees slower sales growth and smaller market share by other players, a Jefferies analyst found. Shares of L Brands, the parent company of Victoria’s Secret, dipped after it reported a weaker-than-expected first-quarter forecast. The company still beat Wall Street’s expectations, posting […]
Fred Killingsworth, the CEO of brand agency Hinge, thinks retailers should stop fighting Amazon, and start embracing it. He said that it is hard for even the biggest retailers to compete with Amazon in ecommerce spending. Instead, he advocates for an approach that helps retailers leverage all the potential that […]
Home Depot reported quarterly earnings that beat Wall Street estimates for the sixth time in a row. It reported earnings per share of $US1.69, above the expected $US1.61 per share. Revenues were $US23.88 billion versus the $US23.66 billion that Wall Street was expecting. Its forecast for comparable store sales, an […]
Nike‘s sneaker sales are doing well against its main competitor Adidas, a Jefferies analyst said. Nike’s popular brands are helping it in the “sneaker war.” Watch Nike’s stock trade in real time here. Nike appears to be edging out rival Adidas in the competition for sneaker dominance. The footwear company […]
LululemonCEO Laurent Potdevin resigned on Monday. The company said he exhibited conduct that fell short of expectations. The athleisure company installed Glenn Murphy, the former GapCEO, as its interim executive chairman until it finds a replacement CEO. The management changes will likely slow the growth trajectory of the company, a […]
Chipotle faces several problems, from declining brand perceptions to the troubled rollout of its queso. The company is searching for a new CEO, which could help, but some analysts remain sceptical of the fast-casual chain. Watch Chipotle’s stock move in real time here. Chipotle’s next CEO is going to inherit […]
Walmart reports third-quarter...
Target reported earnings and sales that...
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The Japanese retailer exploding across the world.