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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.
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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
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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
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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
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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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