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Commentary: Even as prices increase for many items amid inflation, retailers such as Target, Best Buy are offering bigger deals on products like TVs, furniture to clear inventory; Jefferies says warehouses are filled to the brim, as consumer demand wanes
Published: May 25, 2022 by Forbes Inc.
Analysts on Best Buy's Q1 profit miss: GlobalData says it remains more profitable business than pre-pandemic, and results could have been worse; Wells Fargo says results better than feared after Target/Walmart results, but cuts target to US$82 from US$115
Published: May 24, 2022 by FinancialPress
Trader Joe's, H-E-B, Patagonia, Wegmans rank among top-five best reputations in US on 2022 Axios-Harris Poll 100, while Wish.com, Twitter, Facebook rank among worst; Amazon, Walmart again rank as two most visible companies, followed by Apple, Target, Nike
Published: May 24, 2022 by PR Newswire
Economist: Walmart, Target shed combined US$65B in market cap in two days after disappointing Q1, and question is who will also face a reckoning; consumer-goods giants may be next, and P&G may think twice before raising prices of its premium brands again
Published: May 20, 2022 by The Economist Group
Truist downgrades Target to hold from buy, noting Q1 miss was due to retailer's execution missteps, such as extended lead times on product ordering, aggressive moves to build in-stock positions; when demand doesn't materialize, it has more markdown risk
Published: May 20, 2022 by FinancialPress

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