Fri, Oct. 2, 9:26 AM
- Amazon (NASDAQ:AMZN) will be the number two player in non-food consumables by 2018, according to a new report from Cowen & Company.
- The company is leveraging its powerful Prime platform to gain market share in the highly-competitive field by highlighting to consumers its advantages on pricing and delivery.
- Amazon's gains could come at the expense of store traffic for Wal-Mart (NYSE:WMT), Target (NYSE:TGT), and Walgreens (NASDAQ:WBA), notes Cowen.
- The Amazon Effect could also impact pricing in the personal care, household, pet, and baby products sectors - a wide swath of the consumer goods industry that impacts companies such as Procter & Gamble (NYSE:PG), Avon Products (NYSE:AVP), Revlon (NYSE:REV), Kimberly-Clark (NYSE:KMB), Carter's (NYSE:CRI), Colgate-Palmolive (NYSE:CL), Ulta Salon (NASDAQ:ULTA), Unilever (UN, UL), and Church & Dwight (NYSE:CHD) as they negotiate deals.
- Related ETFs: IYK, UGE, SZK
Wed, Sep. 30, 11:14 AM
- Tomorrow is the deadline for retailers and banks to have adopted EMV technology to process credit cards payments.
- Banks and merchants that haven't made the switch to chip-enabled cards could face additional liability for fraudulent payments.
- Some large retail chains such as Target (NYSE:TGT) and Walgreens (NASDAQ:WBA) have made the change, while others are reportedly lagging.
- In the long run, EMV technology is expected to reduce the amount of money lost to card fraud in the retail industry.
Wed, Sep. 30, 7:19 AM
Thu, Sep. 24, 12:18 PM
- Target (TGT -0.3%) names Anu Gupta to the newly-created role of senior vice president, operational excellence.
- Gupta will be tasked with improving the company's ability to meet guest needs through tech initiatives and data mining.
- The hire by Target is indicative of the growing use of data-driven decision making in the retail sector.
Mon, Sep. 21, 10:41 AM
- Target (TGT +1.8%) is testing innovative concepts at 25 stores in the Los Angeles area in a project titled appropriately as LA25.
- Some of the initiatives to be tested include beauty concierges, baby advisory services, digital service ambassadors, RFID technology, and real-life settings in the Home department.
Sun, Sep. 20, 12:53 PM
- Publix is the latest large grocery store chain to step into the home delivery game. The private chain is using Shipt to delivery online orders to a large swath of Atlanta. Shipt offers the same type of delivery service as Peapod, Instacart, Amazon Fresh (NASDAQ:AMZN), and FreshDirect.
- Looking to keep market share, Kroger (NYSE:KR) and SuperValu (NYSE:SVU) have pick-up options for online orders and are dabbling with home delivery.
- Target (NYSE:TGT) has tipped that it would like to "test" grocery delivery in the future and already has a curbside pickup option at some stores. Wal-Mart (NYSE:WMT) is also testing various online grocery programs.
- Though Whole Foods Market (NASDAQ:WFM), Trader Joe's, Sprouts Farmers Market (NASDAQ:SFM), and The Fresh Market (NASDAQ:TFM) still hold an advantage with consumers for fresh produce - analysts note the specialty grocery category is getting crowded. Whole Foods is the company with the most advanced home delivery program (1-hour in some markets) in the group.
- Data dive: Online grocery shopping is estimated to be growing at a 25% to 30% rate. Perhaps an even more important statistic is that 87% of online shoppers use more than one store for their grocery needs in a trend that could pressure pricing.
Fri, Sep. 18, 10:41 AM
- Target (TGT -0.7%) and Wal-Mart (WMT -0.8%) will be watching closely as the National Labor Relations Board hears an appeal over a small group of Target pharmacists won a vote to form an union.
- Though Target is in the process of selling its pharmacy business to CVS Health, it's still attempting to prevent the micro-union from forming.
- As for Wal-Mart, the company has a long history of stopping unionization efforts in their tracks.
Wed, Sep. 16, 5:05 AM
- Fitbit (NYSE:FIT) just bagged one of its largest corporate accounts to date. Target (NYSE:TGT) is now offering the company's activity trackers to its 335K U.S. employees, becoming the latest firm to turn to wearable devices to improve worker fitness and reduce healthcare costs.
- While corporate services generate less than 10% of Fitbit's revenue, it's "one of the fastest-growing parts of the business," Chief Executive Officer James Park said in an interview.
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Fri, Sep. 11, 8:10 AM
Thu, Sep. 10, 5:43 PM
- Apparel company Cherokee (NASDAQ:CHKE) -32.8% AH after its FQ2 earnings report said Target (NYSE:TGT) would not renew its U.S. license for the Cherokee brand after it expires Jan. 31, 2017.
- CHKE says it does not expect the non-renewal to have any material impact on Cherokee Global Brands' revenue in FY 2016.
- CHKE says an agreement with TGT for the Liz Lange brand remains in place at this time.
Fri, Sep. 4, 7:18 AM
- Star Wars fans showed up with energy at Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) stores in the early morning hours for Force Friday, according to local media reports.
- The retail event wrapped around the new and old characters set to be introduced in the new Star Wars slated for December also inspired promotions from Toys 'R' Us, Amazon (NASDAQ:AMZN), and Kay Jewelers (NYSE:SIG).
- Toy makers Hasbro (NASDAQ:HAS) and Lego are expected to be big beneficiaries of the Star Wars event, while Mattel (NASDAQ:MAT) and Jakks Pacific (NASDAQ:JAKK) are also selling Star Wars 7 merchandise.
Wed, Sep. 2, 12:52 PM
- There's a disturbance in the force this week as Wal-Mart (WMT +1.1%) and Toy "R" Us plan to keep all their stores open until midnight this Friday to take advantage of "Force Friday" when Star Wars 7 merchandise goes on sale.
- Target (TGT +1.7%) plans to keep 207 stores open until midnight in anticipation of strong demand.
- The prolonged Star Wars selling period should be positive for Hasbro (HAS +2.6%). The company introduces its new Star Wars toys on Friday at the above retailers as well as through HasbroToyShop.com
- Previously: Star Wars boost for Target begins Friday (Sept. 2)
Wed, Sep. 2, 11:23 AM
- Retail sales are expected to show negative growth in August on a same-store basis, according to analysis from Thomson Reuters.
- The research firm sees a 0.2% decline in retail sales and a full percentage point drop if the drug store sector is backed out.
- Factors that impacted August traffic at stores includes the later Labor Day weekend this year, F/X pain for global sellers, and lower gas prices for chains with pumps.
- Mall retailers are expected to report soft traffic for the month as well as teens continue to be a hard group to pin down with cheap chic replacing margin-rich logo assortment.
- Key retail stocks: COST, GPS, TGT, WMT, ZUMZ, BKE, ARO, AEO, ANF.
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK
Wed, Sep. 2, 7:04 AM
- Piper Jaffray says Target (NYSE:TGT) will receive a significant boost from the new Star Wars movie coming out this year just ahead of Christmas.
- Star Wars merchandise begins pouring into stores this Friday.
- Shares of the retail chain are rated at Overweight by PJ and assigned a price target of $91 (+22% upside potential).
Tue, Sep. 1, 10:49 AM
- Cowen and Company backs an Outperform rating on Target (TGT -1.7%) after sitting down with management. Two areas tapped for potential growth are signature category momentum and anywhere/anytime service
- The investment firm lifts its price target on the retailer to $92 to rep 21% upside potential for investors.
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