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TGT

Target Corporation

5/18/2013, 8:12 AM ET

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Friday, May 17, 11:16 AM Target (TGT +0.5%) tests a new video streaming service with employees as it mulls over entering the streaming game full force. The company says Target Ticket beta already has 15K TV and movie titles in its library. Comment! [Consumer]
Thursday, May 16, 2:27 PM Wal-Mart vs. Target in Canada: The Q1 report released by Wal-Mart (WMT -2.2%) is one of the first indications of how Target's (TGT -0.7%) expansion into Canada is playing out for its rival. During the earnings call, execs didn't say the T-word (and the company won't take analyst questions), but they did cite lower traffic and a decline in operating income as well as noting Wal-Mart didn't leverage expenses in the nation. (transcript) 1 Comment [Consumer]
Wednesday, May 15, 11:05 AM Privately-owned Bellisio Foods acquires Overhills Farms (OFI +13.8%) for $5.00 a share in a $80.9M deal slated to close during FQ4. The marriage of the two companies could have an interesting read-through to Target (TGT +0.7%) which is a major customer of Overhill Farms, and in theory, could easily boost its selection of food items after the merger finalizes. Comment! [Consumer, M&A]
Monday, May 13, 2:12 PM Retail analysts think the first version of Target's (TGT -0.8%) Cartwheel service looks a little too complicated to catch on with a large numbers of users. The buzz is that the integration with Facebook looks appealing, but the mobile app won't be a retail game-changer. Comment! [Consumer]
Wednesday, May 8, 7:26 AM Target (TGT) introduces a new service that will integrate social networking with discounting. Shoppers can select deals online and then use the selected barcodes at stores to receive reduced prices. The company doesn't rule out the possibility that the service will allow online shoppers to redeem coupons on the Target website in the future, but for now a store visit is required. Comment! [Consumer]
Tuesday, May 7, 1:47 PM Target's (TGT +0.9%) expansion in Canada continues with a westward push that will see 22 stores open in Alberta, Manitoba, and British Columbia. The company wants to have a total of 124 stores up and running in Canada this year. Initial reports on Target's results in the nation have been positive with the retail name well-known, although the venture to the west is different because a much lower percentage of consumers engage in cross-border shopping. Comment! [Consumer]
Tuesday, May 7, 9:29 AM Retail sales numbers for April could be a tad weaker than expected after weekly reports from Redbook and ICSC-Goldman on chain store sales both came in a bit below expectations. Retail read-through: Weather and swings in gas prices seemed to impact store traffic to malls (KSS, DDS, JCP, LTD, GPS, ANF, AEO) and supercenters (WMT, COST TGT), but economists think consumer confidence on the high end (TIF, RL, SKS, COH, BBBY) just might be on the rise. Also, with online sales de-emphasized in the weekly chain store reports - Internet whiz kids Macy's (M) and Urban Outfitters (URBN) could still outperform even if mall parking lots aren't packed. 1 Comment [Consumer, U.S. Economy]
Monday, April 29, 7:23 AM Consumer spending watch: Gas prices are down 28% since February's peak and analysts see another 20% drop coming up in the next few months. A rough estimate of the impact of lower gas prices on consumer spending is that a dime drop translates into $13B back into the wallets of consumers. Companies that could see a boost from the trend include Wal-Mart (WMT), Target (TGT), and Costco (COST) - while ETFs such as Consumer Discretionary Select Sector SPDR (XLY), Vanguard Consumer Discretionary (VCR), PowerShares Dynamic Consumer Discretionary (PEZ), and Market Vectors Retail (RTH) could also benefit. 3 Comments [Consumer, Quick Ideas]
Thursday, April 18, 12:30 PM Department store chains are trading weak with weak economic indicators and chatter on weak sales trends at Wal-Mart (WMT -1.5%) swaying sentiment. The sector is already a bit jitterish with Target's (TGT -0.9%) Q1 sales warnings from earlier in the week still resonating. Decliners include Sears Holdings (SHLD -2.5%), Nordstrom (JWN -1.4%), Saks (SKS -1.6%), and Macy's (M -1.2%) - while Fred's (FRED +0.1%) and J.C. Penney (JCP +1.6%) are bucking the trend. Comment! [Consumer, On the Move]
Tuesday, April 16, 8:21 AM Target's (TGT) warning on Q1 sales trends isn't a surprise to many retail analysts with the spring selling season getting off to a slow start due to weather issues. Peer watch: Wal-Mart (WMT) trades 0.7% lower premarket, but shares of Costco (COST) are 0.7% higher with the company's track record of strong execution still a backdrop. Comment! [Consumer]
Tuesday, April 16, 8:11 AM Target (TGT) warns that it expects Q1 comparable-store sales to be flat and EPS to come in at the low end of its guidance range of $1.10-$1.20. The retailer blames soft sales trends in weather-sensitive categories for the shortfall. Shares of Target are down 1.1% premarket to $67.70. Comment! [Consumer]
Thursday, April 11, 10:14 AM Retail watch: Due to the timing of Easter and a slow start to the spring selling season a two-month snapshot of sales covering March and April is appropriate before drawing major conclusions, according to analysts. Retailers looking for a March surge in home and garden (HD, LOW, TGT, WMT) spending and spring clothing purchases expect April to make up some of the slack. Of the 14 retailers reporting March numbers today, comparable-store sales averaged a 0.6% gain with Costco (COST) and Ross Stores (ROST) standing out as outperformers. 2 Comments [Consumer]
Wednesday, April 3, 2:02 PM Cleveland Research is out with a new note on Target (TGT -1.7%) in which it calls the sales trends of the retailer disappointing in Q1 and says gross margins could see more pressure from competitive pricing. "For the quarter, we now see some modest downside to comp store sales and earnings expectations." (full research note .pdf) Comment! [Consumer, On the Move]
Tuesday, April 2, 7:01 AM Retail analysts see the decision by Toys 'R Us to bypass an IPO as a bad warning for the retail sector as a whole but not a reason to fret about an investment in Target (TGT) or Wal-Mart (WMT). While Toys 'R Us is an obvious casualty of the conversion of toys to digital formats, Target and Wal-Mart have the food and basic items categories to lean on. 1 Comment [Consumer]
Thursday, March 28, 11:54 AM Target (TGT -0.8%) is about four weeks into its assault on the Canadian retail landscape and early results appear to be strong. Brand recognition is already improved across the nation, including 20 points higher in Quebec which is one of the toughest markets for a U.S. retailer to break into. What to watch: Analysts expect Canada to deliver higher margins for Target than the U.S. with the company facing slightly less pricing pressure and able to handpick strategic locations. Comment! [Consumer]
Tuesday, March 26, 12:14 PM Wal-Mart (WMT -0.3%) may be losing sales due to a thin workforce unable to keep store shelves stocked, according to a growing number of anecdotal reports from unhappy shoppers. While the company increased its store count 13% over the last five years, the number of employees fell 1.4% - leading to less customer service and some stores tipping toward the disorganized side. It's a trend that may be working in the favor of Costco (COST +0.2%) and Target (TGT -0.3%). 12 Comments [Consumer]

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