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David Leavitt may be an award-winning journalist, as his Twitte bio claims, but he’s also an absolute nightmare of a customer, if his recent run-in with a Target employee is any indication.
Birmingham-based Shipt will now offer same-day delivery from Office Depot and OfficeMax – the latest in a series of new deals with retailers.
Target Corp. and 3M Co. are among the 50 most-admired companies in the world, according to Fortune magazine's latest annual ranking.
Just as many Americans are adding extra layers to keep out the cold, Target Corp. announced that it's launching more than 1,800 new swim pieces. Prices start at $14.99, and women's sizes will range to 26 and size 38DDD in tops. Target private-label brands with some of the new items include Kona Sol, Xhilaration and the new activewear brand All in Motion. Target stock has gained 64% over the past year, outpacing the benchmark S&P 500 index , which is up 24.3% for the period.
The sector's prospects are closely tied to the purchasing power of consumers, who look pretty confident. With consumers feeling confident, retail sales are also improving.
TJX Companies' (TJX) efforts to boost store and e-commerce business bode well. Also, effective marketing initiatives and loyalty programs are driving growth.
Burlington Stores (BURL) intends to improve operating margin and lower the gap of the same compared to peers by augmenting sales, optimizing markdowns and effectively managing inventory.
Costco's (COST) business model and commitment toward opening membership warehouses will continue to drive traffic. The company also remains focused on ramping up investments in the wake of rising competition.
A Minneapolis ordinance imposing a fee on shopping bags at most retailers went into effect on Jan. 1. But two of the city's biggest biggest retailers didn't jump on board right away.
Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each week that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Nektar Therapeutics Inc. recently was downgraded to Sell with a D rating by TheStreet's Quant Ratings.
Bed Bath & Beyond won’t be an overnight success. But new CEO Mark Tritton can build a strong omni-channel retailer, Meryl Witmer of Eagle Capital Partners argues.
Target (ticker: TGT) offered investors an update about holiday sales on Wednesday that underwhelmed Wall Street and sent the stock lower. Same-store sales rose just 1.4% in the fourth quarter, behind its own projections for 3% to 4% growth and analysts’ expectations for 3.7% growth. At these levels, the stock trades at 17 times earnings expectations for the next four quarters, below the S&P 500, which trades at 18.6 times.
A Christmas sales miss by Target (NYSE:TGT) put coal in many corporate stockings.Source: Robert Gregory Griffeth / Shutterstock.com The company said comparable-store sales grew just 1.4% during the Christmas season, with toy sales flat and electronics down 6%. The retailer maintained its earnings guidance.Shares fell anyway, by nearly $9 or 7%. Target stock opened Jan. 17 below $117, with a market capitalization of about $59 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTarget wasn't the only stock traders tossed aside. Toy makers in particular were hammered, although both Hasbro (NASDAQ:HAS) and Mattel (NASDAQ:MAT) later recovered. Morgan Stanley even warned about mighty Walmart (NYSE:WMT), although not for the reason I had.Should Target shareholders panic and run for the exits? Or is this a buying opportunity? What's Going On?Shareholders have been taking profits on Target since early December, but little has changed.The company's strategy of building high-quality store brands continues to work, with rivals like Kohl's (NYSE:KSS) being downgraded. * 7 Small-Cap Stocks That Are Not Worth a Second Glance The strategy is based on the realization that just putting stuff on sale no longer works. But Target can't make iPhones or PCs. Electronics was the department that took the hardest hit, and it was the most popular category with children.Unable to throw Apple (NASDAQ:AAPL) under the bus because of the Target miss, analysts decided to toss the toy makers. They had been expecting better results after the Toys "R" Us bankruptcy, they didn't pay attention when toy makers themselves trimmed their lines and they ignored an Amazon (NASDAQ:AMZN) announcement that its toy sales were strong. What's the Problem?Many analysts gave Target a mark of "A" for its performance during the holiday season, noting that online sales were up 19%.But there is a problem. Target has become known as a soft goods retailer. People go to Target for clothes.This means there are Target brands that may not be performing, like Opalhouse, Project 62 and Room Essentials. The company's release on Christmas said its home goods, as well as toy sales, were flat. Target now has 41 such brands, in clothes, food, pet supplies and personal care. It also has 10 "exclusive brands" for which it's the only outlet, including two wine brands.There are two ways to look at this. The glass half-full crowd will say that Target has gotten women, especially high-income women, into the store. The glass half-empty crowd will complain that it's not getting enough of their money.For most consumers there are different kinds of shopping. There's clothes shopping, which is seasonal, personal and occasional. Target is doing great there. Then there's weekly shopping, the daily grind of groceries and related products, of filling out a list. This is where Target remains weak. Not all Target stores have grocery departments, and those that do have limited choices. Target's not a food store, in the way Kroger (NYSE:KR), Walmart or even Costco (NASDAQ:COST) are food stores. The Bottom Line on Target StockTarget CEO Brian Cornell is in the position of a football coach who has had a great season and now sees top assistants being poached by losing teams. An example is former chief merchandising officer Mark Tritton, hired away by Bed, Bath & Beyond (NASDAQ:BBBY).Cornell is building a new team and must develop new ideas to keep Target growing. It's not about rebuilding but reloading. Investors want to see whether Target can defend its new success against its own people, and how it will expand the beachhead it has established.With a dividend yield now over 2.2%, and a price-to-earnings ratio of 18.7, Target stock is fully priced, but its weakness makes it a good speculation for income investors seeking long-term defensive plays.Dana Blankenhorn is a financial and technology journalist. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL, AMZN and BBBY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Christmas Left Too Many Toys Behind in Target's Aisles appeared first on InvestorPlace.
The 2019 holiday season mirrors gains from increased investments and opportunities in the retail sector. The online channel continues to be the preferred shopping medium for customers.
"The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands," Gap's CEO Robert Fisher, said in a statement. Gap's shares closed 3.85% higher at $18.61 on Thursday.
The S&P 500 rallied through the 3,300 mark for the first time on Thursday and the other main U.S. indexes also surged to record highs, fueled by tech stocks, solid retail sales data and upbeat quarterly earnings from Morgan Stanley. Morgan Stanley jumped 6.6% to lead the S&P 500 after it beat quarterly profit estimates and raised its performance goals, closing out several big U.S. lenders' earnings on a strong note.
The S&P 500 hit the 3,300 mark for the first time on Thursday and the other main U.S. indexes also broke record highs, fueled by solid retail sales data and upbeat Morgan Stanley earnings. Morgan Stanley jumped 7.5% to lead the S&P 500 after it beat quarterly profit estimates and raised its performance goals, closing out several big U.S. lenders' earnings on a strong note.
The S&P 500 crossed the 3,300 mark for the first time and the other main indexes hit record highs on Thursday, as encouraging retail sales data and upbeat Morgan Stanley earnings added to optimism from the signing of an initial U.S.-China trade deal. The Wall Street bank jumped 8% to the top of the S&P 500 after it beat quarterly profit estimates and raised its performance goals, closing out big U.S. lenders' earnings on a strong note.
U.S. holiday sales rose 4.1% in 2019 from a year earlier, as steady wage and jobs growth encouraged shoppers to splurge on groceries, beverages and furniture, the National Retail Federation (NRF) said https://bit.ly/2tqKJRv on Thursday. The U.S. retail group said holiday sales, excluding automobile dealers, gasoline stations and restaurants, rose to $730.2 billion, largely above the midpoint of its forecast of 3.8% to 4.2% growth, and up from a modest 2.1% growth last year. "This was a healthy holiday season, especially compared with the decline in retail sales we saw at the end of the season in 2018," NRF Chief Economist Jack Kleinhenz said, noting that trade policy turmoil, a government shutdown and financial market volatility took a toll on the industry.
The S&P 500 crossed the 3,300 mark for the first time and other stock indexes hit record highs on Thursday, as encouraging retail sales data and upbeat Morgan Stanley earnings fueled a rally following the signing of an initial U.S.-China trade deal. The Wall Street bank jumped 7.6% to the top of the S&P 500 after it beat quarterly profit estimates and raised its performance goals, closing out big U.S. lenders' earnings on a strong note.
Morgan Stanley (NYSE: MS) became the latest big bank to open its books Thursday morning as the company easily beat analysts’ estimates on both revenue and earnings per share. Overall, the six biggest banks did a pretty good job kicking off earnings season, though it wasn’t a perfect performance considering continued struggles at Wells Fargo & Co (NYSE: WFC) and a big charge taken by Goldman Sachs Group Inc (NYSE: GS). Four of the six beat analysts’ earnings and revenue estimates, however.