|Day's range||22.94 - 22.94|
Stocking shelves with low-priced notebooks and slashing prices on sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are preparing for a challenging back-to-school shopping season this year. U.S. shoppers' spending in the summer ahead of the college and K-12 school year has grown steadily since 2015, according to the National Retail Federation, a trade group. Although shoppers have been spending on essentials this year, they’re much choosier on where to splurge as inflation remains stubbornly high, executives from Ulta, Macy's, Ralph Lauren and Nordstrom said during earnings results over the last two weeks.
From price-cutting to AI initiatives, here are some key highlights from Walmart's annual shareholders meeting.
Costco missed Wall Street's top-line estimates, but the reason why is what investors in the retail sector need to watch.
If you've ever shopped at Sam's Club before, you may have noticed a number of products with the Member's Mark label gracing the shelves. Member's Mark is Sam's Club store brand -- basically, what Kirkland is to Costco. You might see the Member's Mark label on everything from food to home goods to furniture.
Walmart still expects to double the amount of gross merchandise volume it sells in foreign markets to $200 billion in five years, a top executive at the retailer said on Friday, even as the global economy remains on shaky ground. Gross merchandise volume (GMV) measures the total value of all goods sold through a platform or marketplace, which in Walmart's case includes its Cashi digital payments app platform in Mexico and Flipkart marketplace in India. The analysts meeting and a press presentation by Walmart CEO Doug McMillon were held on Friday in conjunction with the retailer's annual shareholders meeting in Bentonville.
Dollar Tree (NASDAQ: DLTR) is still growing, but its short-term earnings outlook is worsening. Dollar Tree is seeing strong customer traffic, even as shoppers become more cautious in their spending patterns. Customer traffic gains were strong, hitting 6% in the Dollar Tree brand and 4% at Family Dollar.
Urban Outfitters, Abercrombie & Fitch, Walmart and Kroger are included in this Analyst Blog.
Walmart on Wednesday said it has not made any changes to its LGBTQ-related merchandise tied to Pride Month, or to security measures in place at its stores, a week after rival Target pulled some LGBTQ-themed products following customer backlash. "We haven't changed anything in our assortment," Latriece Watkins, Walmart's chief merchandising officer, said. Last week, Target pulled some Pride-related merchandise, including items by transgender designer Erik Carnell, saying the products led to "volatile circumstances," such as confrontations between customers and Target employees, and customers throwing Pride merchandise on the floor.
BENTONVILLE, Ark., May 31, 2023--Walmart Inc. (NYSE: WMT) today announced shareholder voting results for its Annual Shareholders’ Meeting, which was conducted virtually. Approximately 90.8 percent of all outstanding shares were represented at the meeting.
Walmart is raising wages for thousands of U.S. pharmacists and opticians, the retailer said on Wednesday, part of its broader plan to expand primary care services across the country. The Bentonville, Arkansas-based chain said about 3,700 pharmacists would get a bump in pay starting on Wednesday, bringing their total annual average pay to more than $140,000, excluding bonuses and incentives. More than 4,000 opticians will also receive fatter paychecks, with their average hourly pay rising to more than $22.50 with this investment, Walmart executives wrote in a blog post.
Walmart investors voted against all nine shareholder-led proposals during the retail giant's annual meeting on Wednesday, a preliminary tally by the company showed. A proposal presented at the meeting also urged Walmart to disclose its funding to conservative political groups. The shareholder-led proposal on gun violence, proposed by Walmart worker Cynthia Murray, received nearly 24% of the shares that were voted, the highest among all the other shareholder resolutions, a tally of the results showed.
Despite a drop in consumer confidence, retailers like Urban Outfitters (URBN), Abercrombie & Fitch (ANF), Walmart (WMT) and Kroger (KR) are poised to be a great addition to your portfolio.
Automation, Walmart's new fulfillment center and alternative businesses are just a few of the key agenda items analysts are planning to hear more about this week.
The overall Q4 earnings picture for the retail sector seems good, but guidance is disappointing, spreading pessimism in the sector.
BENTONVILLE, Ark., May 30, 2023--Walmart Leadership to Participate in Upcoming Investor Events
The gaze of investors now turns to what the Federal Reserve may do in a few short weeks.
Aldi and Walmart are both known for their low prices and good deals, but which one is better overall? Read on to find out!
Taco Bell fighting to free the phrase "Taco Tuesday" from its current trademark holder. Plus, Scott Phillips, chief investment officer at Motley Fool Australia, shares the current state of play for investors Down Under, Australian stocks to watch, and predictions for this year's Rugby World Cup. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
Costco tires are affordable and come with free benefits that can make tire installation cheaper than competitors. Learn why you should consider Costco Tire Center.
Kohl's (NYSE: KSS) stock jumped 8% on May 24 after it posted its latest earnings report. Kohl's growth rates seem anemic, but they cleared Wall Street's low bar and indicated it wasn't doomed to become the next Bed Bath & Beyond. What happened to Kohl's?
Cowen Senior Research Analyst Oliver Chen joins Yahoo Finance Live to discuss the latest from the retail sector, including Costco's declining sales, the outlook for luxury brands like LVMH, and how theft is hurting big names like Target and Ulta.
BENTONVILLE, Ark., May 26, 2023--Walmart to Webcast Question-and-Answer Session with the Investment Community on June 2
RH continues its stretch of poor results, in part because of poor execution.
Consumers just scored a valuable ally in the fight against inflation: Walmart. As inflation continues to eat into consumer discretionary spending,...
Yahoo Finance food reporter Brooke DiPalma details the biggest takeaways from Costco's recent earnings miss and what to expect from Walmart's annual shareholders meeting, including the chain's unveiling of its first-ever market fulfillment center in Arkansas.