retail
Target Corporation (NYSE: TGT) surprised the market today with an impressive earnings report, marking its first comparable sales growth in over a year. This strong performance has propelled the stock up by 14%. What makes Target’s success particularly noteworthy is the timing. At a moment when many retailers are struggling due to cautious consumer spending, Target has managed to outperform expectations. The company strategically cut prices on 5,000 products in its stores to attract customers, and today’s earnings announcement confirms that this approach was a smart move. Target earnings highli...
Invezz
The potential merger between Alimentation Couche-Tard Inc., owner of Circle K, and Seven & i Holdings Co., the parent company of 7-Eleven, has captured the attention of investors, leading to a surge in Seven & i Holdings’ stock. However, despite the excitement, significant challenges lie ahead that may prevent the merger from coming to fruition. Bryan Gildenberg, Managing Director at Retail Cities, warns that the proposed deal is likely to face intense regulatory scrutiny, particularly in the United States and Japan. Circle K, 7-Eleven deal to capture 12.3% of US marketThe combination of Circl...
Invezz
The German retail business climate indicator compiled by the ifo Institute fell sharply in July in an indication that "retailers are significantly more guarded about their current business situation," the Munich-based institute reported on Monday. Expectations for the coming months have deteriorated as well. "That makes a significant upturn in retail business in the second half of the year less likely," ifo's Patrick Höppner said. The July indicator fell to -25.4 points, down from -19.5 in June. For the second quarter of 2024, 54.1% of retailers reported insufficient demand, while 46.2% had to...
DPA Breaking News
Trent share price has gone parabolic this year, making it one of the best-performing companies in India. The stock has jumped to a record high of ₹6,630, continuing a surge that has been going on in over a decade. Notably, it has risen in the past 13 consecutive months and more than doubled this year alone. It has soared by over 6,600% since 2013, giving it a market cap of over ₹2.36 trillion or $27.7 billion. Potential Nifty 50 inclusionTrent stock has done well in the past few decades, helped by the popularity of its brands and continued growth of the Indian economy. Now, with the stock up b...
Invezz
PDD Holdings (NASDAQ: PDD) stock has done well in the past decade, helped by its strong revenue and profitability growth in China and other countries. It has risen by almost 500% in the past five years, giving it a market cap of over $200 billion, and making Colin Huang China’s richest man. PDD earnings aheadPDD Holdings, the parent company of Temu and Pinduoduo, will be in the spotlight this week as the company publishes its quarterly financial results. These numbers will come a few days after Alibaba, a top rival, released weak results that missed analysts’ estimates. Its profit dropped by 2...
Invezz
UK retailers are still firing on all cylinders this year as signs emerge that the economy was doing better than expected. Marks and Spencer (LON: MKS) and Tesco (LON: TSCO) share prices have soared by 20% this year and are sitting at their highest points on record. Tesco has risen by over 140% in the past five years while MKS is up by over 80% in the same period, meaning that they have beaten the FTSE 100 index. Other British retailers are also doing well. Sainsbury (SBRY) has jumped by almost 90% in the past five years while Next PLC (LON: NXTL) has soared by 75%. Morrison’s was acquired for ...
Invezz
Alibaba Group reported disappointing financial results for the June quarter of 2024, missing both revenue and profit expectations. The company’s struggles reflect broader challenges in its core domestic market, where competition and consumer sentiment have exerted significant pressure. For Q2, Alibaba’s revenue reached ¥243.24 billion ($34.01 billion), falling short of analyst forecasts of ¥249.05 billion, according to LSEG estimates. Net income also underperformed, totaling ¥24.27 billion compared to the anticipated ¥26.91 billion. Despite this, Alibaba’s shares experienced a slight uptick of...
Invezz
Kroger, the largest supermarket chain in the United States, is currently under investigation for using electronic price labels in its stores nationwide. US Senators Elizabeth Warren and Bob Casey have announced they are investigating Kroger's practices to determine whether the company is engaging in surge pricing. Dynamic pricing—also referred to as surge pricing, demand pricing, time-based pricing, and variable pricing—is a common practice in industries such as airlines, hotels, and ride-sharing services like Uber. This pricing model involves adjusting prices based on demand, resulting in cus...
IBTimes
Ulta Beauty (ULTA) stock price has been under intense pressure in the past few months. After peaking at $574 earlier this year, it has sunk by over 42% and was trading at $328 on Wednesday, its lowest level in over 52 weeks. Warren Buffett buys UltaThe Ulta Beauty share price staged a strong comeback in the extended market session. It rose by over 14% as investors reacted to new SEC filings that showed that Warren Buffett invested in the company. In addition to Ulta, Berkshire Hathaway added stakes in Heico, Sirius XM and Occidental Petroleum. It also exited stakes in companies like Paramount ...
Invezz
Home Depot Inc (NYSE: HD) has recently reported its Q2 earnings, and while its guidance may appear cautious, it is consistent with market expectations. Michael Baker, a senior retail analyst at D.A. Davidson, believes that despite the muted outlook, Home Depot is poised for future growth. Home Depot’s updated forecast for 2024 projects a decline in comparable sales of 3.0% to 4.0%, compared to its earlier forecast of a 1.0% decline. Despite this adjustment, Baker remains bullish on the stock, highlighting that the current market sentiment had already factored in a downward revision. The stock’...
Invezz
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら