Tag Archives: retailer

Target (TGT) is aiming to hit more bull’s-eyes in 2024 after a series of challenges last year. “We’ll be talking about our roadmap for growth, getting Target back to being a growth company, from a comparable sales standpoint, from a traffic standpoint, and from a [market] share standpoint,” Target chairman and CEO Brian Cornell told Yahoo Finance ahead of a closely watched investor day in New York City on Tuesday. Cornell says Target will spend 2024 opening new stores, remodeling existing… Source link

[unable to retrieve full-text content]Russian retailer Wildberries to launch own brand home goods  Reuters Source link

LONDON, Nov 29 (Reuters) – European home improvement retailer Kingfisher (KGF.L) has agreed a five-year partnership with Google Cloud , a move it said should provide customers with faster and more intuitive searches, and better tailor product ranges. The company, which owns DIY brands B&Q and Castorama, and trade-focused Screwfix and TradePoint, increased online sales during the pandemic when stores were closed and customers spent more on home improvements. E-commerce sales were up 138% over… Source link

Best Buy has become the latest big-name retailer to badly overestimate consumer demand as recession fears mount and shoppers pullback on discretionary purchases. The electronics retailer slashed both its second-quarter and full-year financial forecasts late Wednesday, sending shares lower by 4% in after-hours trading. Best Buy’s downward revisions are tough on the eye to say the very least: 2Q Same-Store Sales: -13% (previous: about -8%) 2Q Operating Margin: 3.7% (vs. 6.9% in second quarter of… Source link

Struggling retailer Gap (GPS) is in crisis mode ahead of the crucial selling periods of back to school and the holidays, with the stock down nearly 6% in pre-market trading after it revealed the departure of its CEO. Gap surprised a few on the Street Monday evening after the market close by announcing CEO Sonia Syngal would be stepping down as CEO after a “brief” transition period. In her place, executive chairman Bob Martin will assume the role as interim CEO. Syngal was seen as a potential… Source link

Rite Aid’s (RAD) outlook is a hot mess — so hot the company may not be in business much longer. At least that’s the word from Deutsche Bank analyst George Hill, who issued a damning downgrade of the struggling retailer on Thursday. Hill slashed his rating on Rite Aid to Sell and slapped the stock with a $1 price target. Most worrisome — at least if one still owns Rite Aid’s stock — is that Hill suggests Rite Aid may go under. “We see a likely risk that the company provides guidance next… Source link

Wall Street has come out with a highly caffeinated outlook for newly minted public company Dutch Bros.  Shares of the upstart coffee retailer exploded nearly 13% to $48 on Monday — making the stock a top trending ticker on Yahoo Finance before midday — after investment banks initiated mostly coverage on the company after its successful late September IPO.  Five analysts initiated coverage with ratings equivalent to Buys, despite shares being up more than 85% since the Dutch Bros’s Sept…. Source link

Just like a zombie, Sears continues to show that it refuses to die.  But one market this zombie will no longer be patrolling is its own backyard of Illinois. The company — bankrupt since 2018 and now known as Transformco — said this week it will close its last remaining Sears store in the state on Nov. 14, 2021. A nearby Kmart store had previously been closed.  Sears headquarters is in Hoffman Estates, Ill. The Sears store at Woodfield Mall opened in 1969, and was the location’s first… Source link

Google may be working on a new wireless charging stand for its Pixel phones, according to a leaked image of a retail inventory backend mentioning a “Google Pixel 23W WL Stand” published by Android Police. The name suggests the charger could support 23W wireless charging, and if Google does end up releasing this stand, it seems likely that the upcoming Pixel 6 and Pixel 6 Pro would support 23W charging as well. … Source link

Photo: Yandex.ru Russian tech giant Yandex announced last week that it would withdraw its contract to buy online fashion retailer Kupi VIP, but said it was considering alternative retailers in the fashion arena. In May, we agreed to purchase online retailers on private terms to enhance Yandex.Market, a free platform for displaying products in retail stores and online stores. The transaction was expected to close in the third quarter of this year. “Yandex.Market does not exercise the… Source link