87.31 +0.07 (0.08%)
After hours: 5:15PM EDT
|Bid||87.05 x 1300|
|Ask||87.80 x 1100|
|Day's Range||87.04 - 88.53|
|52 Week Range||54.04 - 90.39|
|PE Ratio (TTM)||15.28|
|Earnings Date||Nov 13, 2018 - Nov 19, 2018|
|Forward Dividend & Yield||2.56 (2.93%)|
|1y Target Est||89.01|
According to Deloitte's annual holiday retail sales forecast, sales are expected to jump over 5% to $1.1 trillion between the period of November and January.
Recently, Target Corporation (TGT) announced its plans to hire ~120,000 seasonal workers for the upcoming holiday season, 20% more than last year. The announcement indicates that Target expects the solid momentum in its sales to continue during the key holiday season. Janna Potts, chief stores officer at Target, stated that the company is expecting “a busy holiday season” and the addition of an increased temporary workforce will ensure a seamless shopping experience for its customers.
Target (TGT) and Walmart (WMT) have expressed concerns regarding the escalating trade war between the United States and China. Both Target and Walmart have emphasized the fact that expanded tariffs will eventually hurt American families, as they will force these retailers to increase their prices. Several other retailers, including Costco (COST), Dollar Tree (DLTR), Macy’s (M), and Kohl’s (KSS), have also voiced their concerns about the higher tariffs imposed on Chinese goods.
Amazon (AMZN) is reportedly planning to extend its physical presence by increasing the number of its cashierless Amazon Go stores to 3,000 stores by 2021. The company is preparing to open ten Amazon Go stores before the end of 2018, and it aims to reach 50 by 2019. The company currently has three Amazon Go stores in Seattle, and it plans to open cashierless stores in Chicago, San Francisco, and New York.
It happens to all of us: A quick trip to Target to pick up a few essentials somehow turns into a full-blown shopping spree complete with a cart full of impulse buys. With your budget blown, you're left toting a dozen shopping bags to your car and wondering how you can prevent this from happening again. With a bit of strategizing, it really is possible to shop at Target and not overspend. We talked with several shopping experts about smart ways consumers can save more every time they shop at the big-box retailer no matter what's in their cart. Here's what they had to say. SEE ALSO: 23 Best Amazon Prime Benefits
As wages grow and inflation remains tame, this could give the retail sector the boost investors have been waiting for. Names like Target (NYSE:TGT), TJX Companies (NYSE:TJX), Home Depot (NYSE:HD) and others have helped to push the SPDR Retail ETF (NYSEARCA:XRT) higher. As for the ETF, it’s move above $51 resistance was important, as this level has become a key level of support going into the all-important second half.
Target is among the hundreds of retailers and other companies pushing back against the new tariffs. U.S. Trade Representative Robert Lighthizer has received almost 6,200 comment letters on the tariffs so far. A coalition of roughly 300 retailers — including Kohl's, L.L. Bean, the Gap, Macy's and Under Armour — signed on to a letter strongly opposing the tariffs.
Walmart has the lead—but Target has some advantages, too, according to a Friday note from Cowen & Co. analyst Oliver Chen. “Both retailers have demonstrated strong abilities to creatively innovate and leverage their infrastructure to drive digital growth and compete versus Amazon,” Chen wrote. • Walmart’s priorities in the coming years, according to Chen, should include growing its grocery business, partnering with more brands, and offering free delivery for more items.
Target's (TGT) launch of same-day delivery of groceries, electronics, toys and other product assortments, in Central California, through Shipt, is likely to generate higher revenues.
Amazon’s Prime membership program has emerged as a very popular scheme that saw great levels of adoption among the online shoppers. It includes fast, free two-day shipping with flexible delivery options on over 100 million items including two-hour or one-hour delivery in select locations for household items, access to stream or download Prime media content covering thousands of popular songs, movies and TV shows, games and audio programs, shopping benefits and rewards including 5% back for members with Amazon Prime Rewards Visa Card, Alexa-assisted shopping, and early access to exclusive brands and deals, free subscription to thousands of top Kindle books and magazines, and early access to next month's new releases before the official publication date, and free, unlimited storage for photos.
Target Corp. regularly discounts product prices, but not all at once. But that's what it's doing this week, although you have to be a loyal shopper — and maybe a sharp-eyed one, too — to take advantage of it.
A look at the shareholders of Target Corporation (NYSE:TGT) can tell us which group is most powerful. Institutions will often hold stock in bigger companies, and we expect to seeRead More...
Amazon (NASDAQ:AMZN) got to a trillion dollar valuation because of its online services. Bloomberg shook the markets on Wednesday when it reported that Amazon is planning on opening 3,000 cashier-less AmazonGo convenience stores by 2021. To put that number in perspective, there are less than 10 AmazonGo stores open today, and convenience store giant 7-Eleven has less than 10,000 stores in the U.S.
Same-day delivery will also include beer and wine from participating Target stores. Shipt’s growth to the Central Coast gives close to two million households across the seven metro areas access to products delivered by Shipt in as little as one hour.
Store discounts, higher wages and drawings are some ways retailers hope to attract store associates to work over the holiday season.
North Korean Denculearization Continues to Tantalize While South Korean President Moon Jae-In has been working diligently to bridge the gaps between the two Koreas, US President Donald Trump seems to have thawed somewhat in his relationship with the world’s communist hermit since talks between Trump and Kim began. Trump is now saying that the US […] The post Market Morning: Korean Denuclearization, Ma Hates Trade War, Fox Comcast Battle Royale, Amazon Wants 3,000 Stores appeared first on Market Exclusive.
Amazon is considering opening 3,000 of its cashierless stores by 2021, Bloomberg reports. The e-commerce giant currently has three locations — known as Amazon Go — open in Seattle, where Amazon is headquartered, and on Monday opened a location in Chicago. Shares of retailers including CVS, Walgreens, Walmart, Target and Kroger moved sharply lower Wednesday afternoon following the news.
Walmart (NYSE:WMT) made an acquisition that could have some real implications for Walmart stock, but the news passed without much comment. Walmart always has some sort of corporate maneuver underway, most of which mean very little to its customers or shareholders. Owners of Walmart stock may want to take a closer look at last week’s news though.
Health officials recommend that nearly all Americans get flu vaccinations to blunt the impact of a disease that annually infects millions. The Affordable Care Act required insurers to cover the cost of patients' flu shots without charging a copay, although some insurers only cover vaccines given by doctors or at certain locations. Traditionally, most people have gotten flu vaccinations at doctors' offices or government health centers.
Deloitte is forecasting a 5% to 5.6% year-over-year increase in retail holiday sales this year, with spending expected to exceed $1.1 trillion between November and January, excluding motor vehicles and gasoline. E-commerce is expected to increase 17% to 22% this season versus last season, reaching $128 billion to $134 billion. Deloitte analysts attribute the increase to disposable income growth, a strong labor market, and high consumer confidence. Risks include the impact of Fed tightening and any changes in the stock market that could drive a deterioration in consumer confidence. Target Corp. has increased its seasonal hire by 20% to 120,000 in anticipation of the coming holiday season. Macy's Inc. and Michaels Cos. Inc. are among the other retailers that have already announced their seasonal hiring plans. The Amplify Online Retail ETF has gained 28% for 2018 so far. The SPDR S&P Retail ETF has rallied 14.4% for the period. And the S&P 500 index is up 8.8% for 2018 to date.