|Bid||0.00 x 900|
|Ask||0.00 x 1100|
|Day's Range||92.45 - 95.13|
|52 Week Range||81.78 - 109.98|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||53.22|
|Earnings Date||Feb 19, 2019|
|Forward Dividend & Yield||2.08 (2.13%)|
|1y Target Est||107.00|
Hardlines retail analyst at UBS Michael Lasser joins CNBC's 'Squawk Box' to discuss the expected changes in the consumer environment.
Billionaire hedge fund managers such as Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the unlimited research abilities of the big players […]
Walmart (NYSE:WMT) is a perfect example of how one month in these volatile markets can seemingly change everything. From mid-October to Nov. 9, Walmart stock catapulted almost 13%. In so doing, WMT stock has essentially matched the Dow Jones during this period.
Adobe Analytics expects a record $124.1 billion in domestic online holiday sales through Dec. 31, up 15% from $108.2 billion a year ago.
To drive sales, Kroger (KR) has been investing to enhance its digital and home delivery capabilities, which led to 60% growth in its digital sales during the quarter. The growth rate marks a sequential improvement from 50% in the second quarter. Kroger’s digital sales growth rate has outperformed its peers.
Five fundings, three acquisitions, a prominent VC going to jail and a number of new partners at local venture firms top Bay Area startup news at the end of the week. Here are the details.
Walmart announces it plans to buy Art.com, one of the largest online sellers of art and wall decor globally. Two of Alphabet's venture arms, CapitalG and GV, back a voice security and authentication start-up.
In the third quarter, Kroger (KR) posted revenues of $26.67 billion—slightly above analysts’ expectation of $26.66 billion. The company’s revenues declined 0.3% year-over-year from $27.75 billion in the third quarter of fiscal 2017. Excluding fuel, the sales at Kroger’s convenience store business and the merger with Home Chef caused the company’s revenues to increase 1.7%.
Walmart announced that it is planning to acquire Art.com, a major online retailer of art and wall decor. Walmart hasn't said if it will carry Art.com products in its physical stores. In addition to the company's products, Walmart is also getting its hands on Art.com's ArtView platform that allows shoppers to see what a product will look like in their home.
Kroger (KR) posted its third-quarter earnings on December 6. For the quarter ending on November 10, the company posted an adjusted EPS of $0.48 on revenues of $27.67 billion. The company’s adjusted EPS grew 9.1% year-over-year, while its revenues declined 0.3%.
Walmart CEO Doug McMillon keeps a photo on his phone that lists the top 10 retailers in the U.S. over the past few decades. Walmart has held the No. 1 spot since the 1990s, when it overtook Sears. Walmart WMT CEO Doug McMillon keeps a photo on his phone that lists the top 10 retailers in the U.S. over the past few decades to remind him how so many companies come and go.
The request is being made by ministers because in the worst-case scenario, a no-deal Brexit would cut the capacity of the country’s main EU trading route from the French port of Calais to Dover in southeast England to just 13 percent of the current level due to additional border checks. Six government and industry officials with knowledge of the matter spoke to Bloomberg on condition of anonymity because the contingency plans aren’t public. Retail giants including Tesco Plc, J Sainsbury Plc, Walmart Inc.’s Asda and Wm Morrison Supermarkets Plc -- the country’s four biggest grocery chains -- are now asking their main suppliers to ramp up their stock over concerns that half their shelves will be empty if there is a hard or no-deal Brexit, according to Joe Clarke, national officer for food, drink and tobacco at the Unite union.
Walmart announced Thursday that it plans to acquire the assets of online wall décor retailer Art.com for an undisclosed amount. The deal is expected to close early next year, Walmart said in a company statement. The acquisition includes Art.com’s catalog, IP address, trade name and U.S. operations, and is part of Walmart’s strategy to diversify its product assortment into more categories by offering digital brands that are “unique and differentiated,” the company said. Art and wall décor is a $10 billion annual market in the United States, and Walmart sees a larger presence in the category as “fundamental” to winning the home décor market. Walmart (NYSE:WMT) plans to operate Art.com as a standalone and complementary site then add the company’s product assortment to Walmart.com, Jet.com and online home furnishings e-tailer Hayneedle.com, Anthony Soohoo, senior vice president and Group General Manager, Home, Walmart U.S. eCommerce, said in a company blog.
The grocery giant's third-quarter report showed its business continues to struggle with the shift toward multichannel retailing.
On December 6, Walmart (WMT) announced that it’s acquiring Art.com to drive its home decor business for an undisclosed amount. Walmart is on an acquisition spree. The company continues to buy online retailers to strengthen its digital offerings and gain category expertise.
Walmart Inc. customers haven’t felt the effects of the trade war between the U.S. and China yet, but Chief Executive Doug McMillon says that could soon change.
Walmart Inc. and Target Corp. want the Federal Reserve to help them get paid in real time. The retail giants are among the companies urging the Fed to develop a service to settle interbank transfers in real time, 24 hours a day, seven days a week. Such a service could ultimately eliminate the lag between when consumers use debit cards to pay for items and stores receive the funds.