|Bid||0.00 x 2900|
|Ask||0.00 x 1000|
|Day's range||29.00 - 29.55|
|52-week range||22.85 - 32.74|
|Beta (3Y monthly)||0.81|
|PE ratio (TTM)||6.73|
|Earnings date||7 Mar 2019|
|Forward dividend & yield||0.56 (1.97%)|
|1y target est||31.09|
Walmart (WMT) teams up with Point Pickup, Skipcart, AxleHire and Roadie. These collaborations are set to strengthen Walmart's online grocery delivery service.
Federal Reserve officials and many economists have long counted on continued robust consumer spending to keep the economy chugging along, despite headwinds from recent financial markets turbulence, trade conflicts and weakening global growth. Now they fear the consumer boom could be on the cusp of a reversal. The warning signs span the income spectrum - from the well-heeled possibly cutting back after their stocks got hammered last fall, to the poor potentially getting squeezed if a lingering government shutdown delays food assistance payments.
has filed a complaint with the Federal Trade Commission, publicly accused his biggest competitor of foul play and rallied his customer base. Mr. Kassoff, who owns Hydrox, is waging an uphill battle against his nemesis, Oreo, as he tries to reclaim prime territory on grocery shelves. Hydrox had disappeared in 2008, but Mr. Kassoff thought bringing it back would be a sweet investment.
Janet Yellen, former chair of the Federal Reserve, made the comments Monday during the National Retail Federation's annual Big Show in New York.
Target Shone during the Holidays—Why Didn't Its Stock? (Continued from Prior Part) ## TGT is likely to sustain its momentum in 2019 Target Corporation (TGT) reported strong financials in the first three quarters of 2018, and we expect it to end 2018 on a strong note and post stellar comps and EPS growth. Target is also expected to sustain the growth momentum in its sales and earnings in 2019 led by the expansion of its digital offerings. However, its growth rate is expected to slow as it faces tough YoY (year-over-year) comps. Target’s top line is expected to increase led by growth in its comps. The company’s expansion of its fulfillment options, including delivery through Shipt, Drive Up, and Order Pickup, is expected to drive its traffic. Meanwhile, store remodelings and the opening of new stores are likely to support its comps growth, as these stores generate higher sales and productivity. Target’s focus on merchandising and exclusive product launches should also drive its sales. Target managed to stabilize its bottom line in the first three quarters of 2018. A considerable fall in its effective tax rate, lower interest expenses, and share repurchases supported Target’s bottom line. We expect Target’s bottom line to continue to increase in 2019 driven by improved comps and an anticipated fall in its per-unit digital fulfillment costs. Wall Street expects Target’s top line to increase 3.1% in 2019. Meanwhile, its bottom line is expected to increase 4%. ## Stock performance in 2019 Retail stocks had wiped out most of their gains as of the end of 2018. However, these retailers started 2019 on a positive note. Target stock is up 3.3% so far this year. Meanwhile, Costco (COST), Kroger (KR), and Walmart (WMT) stocks have risen 3.4%, 3.6%, and 1.9%, respectively. Continue to Next Part Browse this series on Market Realist: * Part 1 - Target Shone during the Holidays—Why Didn’t Its Stock? * Part 3 - Why Target’s Digital Sales Could Grow at a Healthy Rate * Part 4 - What’s the Expected Upside in Target Stock?
It will only take another two weeks to cost the economy more than the $5.7 billion Trump demanded for the border wall.
At the Springdale Ice Cream and Beverage factory in Cincinnati, workers were coming to the human resources department with money troubles, wanting cash advances on their pay. Human resources manager Erica Simmons wanted to help. The Consumer Federation of America started the Split to Save initiative about a year ago, and other employers on board include banks, credit unions and the City of Boston.
- Kroger and Microsoft will jointly bring to market Retail as a Service product for retailers, aiming to reinvent the customer experience. The partnership brings together Kroger's world-class expertise in the grocery industry with the power of Azure and Azure AI. - Microsoft Asia's Unlocking the Economic Impact of Digital Transformation in Asia Pacific  study predicts that the retail industry is expected to add US$272 billion to the region's GDP by 2021, should all retail organizations embrace digital transformation initiatives.
Kroger (KR) has recently partnered with Microsoft (MSFT) to challenge Amazon’s (AMZN) footprint in the digital grocery space. Kroger and Microsoft’s cloud arm Azure have come together to set up two concept stores that will include digital shelves and other futuristic concepts. Is this a threat to Amazon?
Kroger (KR) collaborates with Microsoft to leverage RaaS in enhancing customer's online shopping experience, using the latter's cloud based platform.
Microsoft to Help Kroger Set Up a Connected Grocery Store ## Microsoft partners with Kroger On January 7, Microsoft (MSFT) and American retailing major Kroger (KR) announced a partnership for a futuristic retail store pilot project. Kroger is the largest supermarket chain by revenue and the second-largest general retailer in the United States. The companies have joined hands to offer customers a unique shopping experience via the testing of two connected grocery stores. Microsoft and Kroger will be testing the experience at two Kroger stores located in Monroe, Ohio, and Redmond, Washington. This partnership is considered to be the next step for their EDGE (Enhanced Display for Grocery Environment) shelving system, which they announced in 2018. The system includes digital shelving displays that can exhibit pricing, promotions, and nutritional information. With this pilot, Microsoft aims to make further inroads into customers’ shopping experiences through EDGE. ## About the new pilot system With the help of this new system, customers will be able to formulate shopping lists in an app, which will help them to navigate through the store upon their arrival. EDGE displays can also show an image earlier opted for by the customer to locate the merchandise they need. With the help of these visual cues, employees can, in turn, fulfill pickup orders, making the process quicker and relatively easy to execute. Customers can also be notified by the system if the items they need are out of stock and inform the store staff if the quantity goes down. ## Kroger’s move Analysts and investors see this step by Kroger as an attempt to stay relevant in an industry (IYW) in which its rivals, such as Amazon (AMZN) and Walmart (WMT), have made sizable investments in AI technology. Both Amazon and Walmart have been heavily investing in cashierless technologies to curtail long customer lines, which take up a lot of customers’ time. Kroger’s plan is seen as a response to Amazon’s entry into the grocery store space with its 2017 acquisition of Whole Foods.
CINCINNATI (AP) — Kroger is collaborating with Microsoft to test an upgraded digital shelf technology that the Cincinnati-based supermarket chain says could speed up shopping for its customers.
The Latest Deals and Strategies at Amazon and Alibaba (Continued from Prior Part) ## Amazon’s physical store sales soared 250% As the Wall Street Journal recently reported, Amazon (AMZN) is planning to open more Whole Foods stores across the United States in a move that will expand its physical store network. Amazon is considering widening its physical store network at a time when its physical store sales are exploding. In the third quarter of 2018, its most recently reported period, Amazon’s physical store sales soared 250% YoY (year-over-year). In contrast, the company’s online store sales rose just 10% YoY in the period. At $4.2 billion in the third quarter, physical store sales still make up just a tiny part of Amazon’s retail business. With more stores, though, Amazon could capture more retail dollars, particularly in the grocery market, which is currently dominated by traditional retailers. ## Amazon is chasing grocery dollars According to data from Cowen cited by the Wall Street Journal, Amazon captured just 3.2% of US grocery spending through its Whole Foods subsidiary in 2017. In comparison, Walmart (WMT) captured a 21% market share, Kroger (KR) captured an 11.4% share, and Costco (COST) captured a 6.4% share. However, Whole Foods’ sales have increased since Amazon took over in 2017, and the business could do better with more outlets, as it now allows customers to order online and pick up in store. In addition to Whole Foods, Amazon operates physical stores under the Amazon Go and Amazon 4-star brands. Amazon 4-star stores stock top-rated items based on the reviews of Amazon’s online customers. Alibaba (BABA) operates a supermarket chain under the Hema Supermarkets brand. Continue to Next Part Browse this series on Market Realist: * Part 1 - Exploring Amazon’s Appetite for More Retail Outlets * Part 3 - Why Whole Foods’ Losses May Not Bother Amazon * Part 4 - What Next for Amazon in India amid New Retail Rules?
The two outfitted Kroger locations will feature digital shelving displays with real-time price updates and product information.
Kroger (KR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Walmart (WMT) shares underperformed its peers in 2018. Pressure on Walmart’s margins from the Flipkart deal and higher fulfillment costs remained a drag. Walmart stock fell 5.7% in 2018. In comparison, Costco (COST) and Target (TGT) shares increased 9.5% and 1.3%, respectively. Kroger (KR) stock remained roughly flat.