|Bid||0.00 x 1000|
|Ask||84.73 x 1100|
|Day's Range||84.10 - 84.85|
|52 Week Range||73.13 - 109.98|
|PE Ratio (TTM)||28.30|
|Earnings Date||Aug 16, 2018|
|Forward Dividend & Yield||2.08 (2.47%)|
|1y Target Est||95.12|
BJ’s private-equity owners will retain control of a company with margins that lag rivalsBJ’s Wholesale is focused on the New England area and has room to grow, says the company. BJ’s Wholesale Club, operator of 215 warehouse clubs across 16 states largely along the U.S.’s eastern seaboard, is planning an initial public offering, returning to the public markets after a seven-year spell as a private company. The company(BJ)is offering 37.5 million shares priced at $15 to $17 each, which would raise about $600 million at the midpoint of the range.
It is a sweltering Monday afternoon just outside New Delhi, and workers at Grofers’ 40,000 sq ft grocery warehouse are racing to beat the clock. The vans need to be on the road from the warehouse in suburban Manesar well before New Delhi’s notorious rush hour kicks in at 6pm.
Amazon has been synonymous with robotics and automation, but for the most part that has been relegated to stocking the shelves and other operational tasks in the warehouse. “Machines are beating people at the critical inventory decisions that separate the winners and losers in retail. Retailers and brands can no longer rely solely on intuition given the power that the consumer has at his or her fingertips.
In a volatile year for the U.S. equity market, one factor has emerged as pivotal in determining whether a stock is likely to rise amid growing concerns over trade policy: how much the U.S. company focuses on the U.S.
Amazon.com (NASDAQ:AMZN) is doing well, with Amazon stock up nearly 50% year-to-date. Amazon stock trades at a high valuation, and growth is imperative for the company. Amazon recently celebrated five years in India.
DC Comics is teaming up with Walmart (NYSE:WMT) for a new line of exclusive comic books.Source: Mike Mozart via Flickr
Walmart (WMT) stock has fallen 14.7% YTD (year-to-date) after some investors dumped it following the slowdown in its e-commerce sales in its fiscal fourth quarter of 2018. Walmart has taken several measures that are expected to accelerate digital sales. The graph shows that Walmart’s e-commerce sales increased 33% during the quarter, which was a much better growth rate than 23% in the fiscal fourth quarter of 2018.
Target (TGT), Walmart (WMT), and Costco (COST) have been adjusting their businesses to offer convenience and value as the threat of Amazon (AMZN) continues. During its fiscal first quarter, its digital sales rose 66%, while comps, excluding fuel, increased 1.4%. Walmart and Target have both significantly ramped up their e-commerce businesses trying to match the services of Amazon.
The Supreme Court ruling has been cheered by brick-and-mortar stores, which have been struggling to survive the e-commerce onslaught. This saw shares of traditional retailers jump immediately.
Brazil's antitrust watchdog Cade on Friday approved buyout firm Advent International's acquisition of Walmart Inc's Brazilian operations, and sought no additional asset sales. Earlier this month, Walmart ...
Shares of Kroger (KR) surged over 10% on Thursday to inch near their 52-week high after the company posted better-than-expected quarterly results. Investors were also likely pleased to see that the grocery chain's e-commerce initiatives started to pay off. The question is should investors think about buying grocery stocks as Amazon-based (AMZN) fears seem to have been overblown.
Investors are learning it's pretty easy to get nickel and dimed in the investment-grade bond market. As reported yesterday, Walmart's agreement to buy back $9.5bn of its bonds at a 1-per-cent premium if its deal with Flipkart is delayed is not as airtight as bondholders might hope. First, the SMR itself: the documents for the mega-retailer's $16bn bond offering contain a “special mandatory redemption” (SMR) clause, which ostensibly requires the company to buy back five tranches of bonds at 101 per cent of par value if it doesn't complete its Flipkart acquisition by June 7, 2019.
contain controversial provisions that could be used to withhold compensation to investors if the deal is delayed. The big box retailer sold $8.5bn bonds on Wednesday whose documents contain legal language used recently by other issuers to avoid paying such compensation, in defiance of investor requests that companies stop using the language. At issue are a pair of provisions that have been standard in bond documents for years but which have been used to save issuers cash in recent months and faced criticism as a result.
The table below lists the major retail-tech partnerships and acquisitions we have seen in recent months, the large majority of which have been in the grocery space. This pattern reflects grocery retailers’ race to build out digital and fulfillment capabilities and, in some cases, preempt any challenges in the grocery category from Amazon.
Kroger (KR) is thriving in the age of Amazon. Shareholders should hang on for what is likely to prove a virtuous cycle from here, as healthy free cash flow is put toward stock buybacks and growth investments. Kroger is the country’s No. 2 play in groceries behind Walmart (WMT), and Amazon.com (AMZN) is looking to gain share following its purchase of Whole Foods, but has a comparatively small store base.
Adjusted earnings per share of 73 cents beat the consensus by 10 cents. The company said first-quarter earnings were driven by improvements in online retail, with online sales increasing 66 percent. Kroger KR shares soared Thursday on strong earnings, which were boosted by the company's online investments and delivery services.
Amazon’s (AMZN) Indian subsidiary is expanding its seller lending program, with the move coming only a few weeks after Walmart (WMT) revealed a plan to make a massive investment in India’s e-commerce industry. Walmart is buying a 70% equity stake in Flipkart for $16 billion, a transaction that could see it buy out current Flipkart investors such as eBay (EBAY). Flipkart is Amazon’s main rival in India’s e-commerce industry, so this is a big move by Walmart to improve its competition with Amazon.
Jun.22 -- Jet.com President Simon Belsham discusses the company's new strategy to win over big city grocery shoppers. He speaks exclusively to Bloomberg's Emma Chandra at the company's headquarters in Hoboken, NJ.
Founded in 1902, powerhouse Target has stood the test of time. But with other major competitors such as Walmart and Amazon, how exactly does the company stack up now?