|Bid||0.00 x 1000|
|Ask||84.73 x 1100|
|Day's range||84.10 - 84.85|
|52-week range||73.13 - 109.98|
|PE ratio (TTM)||28.30|
|Earnings date||16 Aug 2018|
|Forward dividend & yield||2.08 (2.47%)|
|1y target est||95.12|
Jun.22 -- Jet.com President Simon Belsham discusses the company's new strategy to win over big city grocery shoppers. He speaks exclusively to Bloomberg's Emma Chandra at the company's headquarters in Hoboken, NJ.
BJ’s private-equity owners will retain control of a company with margins that lag rivalsBJ’s Wholesale is focused on the New England area and has room to grow, says the company. BJ’s Wholesale Club, operator of 215 warehouse clubs across 16 states largely along the U.S.’s eastern seaboard, is planning an initial public offering, returning to the public markets after a seven-year spell as a private company. The company(BJ)is offering 37.5 million shares priced at $15 to $17 each, which would raise about $600 million at the midpoint of the range.
Walmart (WMT) stock has fallen 14.7% YTD (year-to-date) after some investors dumped it following the slowdown in its e-commerce sales in its fiscal fourth quarter of 2018. Walmart has taken several measures that are expected to accelerate digital sales. The graph shows that Walmart’s e-commerce sales increased 33% during the quarter, which was a much better growth rate than 23% in the fiscal fourth quarter of 2018.
Target (TGT), Walmart (WMT), and Costco (COST) have been adjusting their businesses to offer convenience and value as the threat of Amazon (AMZN) continues. During its fiscal first quarter, its digital sales rose 66%, while comps, excluding fuel, increased 1.4%. Walmart and Target have both significantly ramped up their e-commerce businesses trying to match the services of Amazon.
The Supreme Court ruling has been cheered by brick-and-mortar stores, which have been struggling to survive the e-commerce onslaught. This saw shares of traditional retailers jump immediately.
Shares of Kroger (KR) surged over 10% on Thursday to inch near their 52-week high after the company posted better-than-expected quarterly results. Investors were also likely pleased to see that the grocery chain's e-commerce initiatives started to pay off. The question is should investors think about buying grocery stocks as Amazon-based (AMZN) fears seem to have been overblown.
Investors are learning it's pretty easy to get nickel and dimed in the investment-grade bond market. As reported yesterday, Walmart's agreement to buy back $9.5bn of its bonds at a 1-per-cent premium if its deal with Flipkart is delayed is not as airtight as bondholders might hope. First, the SMR itself: the documents for the mega-retailer's $16bn bond offering contain a “special mandatory redemption” (SMR) clause, which ostensibly requires the company to buy back five tranches of bonds at 101 per cent of par value if it doesn't complete its Flipkart acquisition by June 7, 2019.
contain controversial provisions that could be used to withhold compensation to investors if the deal is delayed. The big box retailer sold $8.5bn bonds on Wednesday whose documents contain legal language used recently by other issuers to avoid paying such compensation, in defiance of investor requests that companies stop using the language. At issue are a pair of provisions that have been standard in bond documents for years but which have been used to save issuers cash in recent months and faced criticism as a result.
Kroger (KR) is thriving in the age of Amazon. Shareholders should hang on for what is likely to prove a virtuous cycle from here, as healthy free cash flow is put toward stock buybacks and growth investments. Kroger is the country’s No. 2 play in groceries behind Walmart (WMT), and Amazon.com (AMZN) is looking to gain share following its purchase of Whole Foods, but has a comparatively small store base.
Amazon’s (AMZN) Indian subsidiary is expanding its seller lending program, with the move coming only a few weeks after Walmart (WMT) revealed a plan to make a massive investment in India’s e-commerce industry. Walmart is buying a 70% equity stake in Flipkart for $16 billion, a transaction that could see it buy out current Flipkart investors such as eBay (EBAY). Flipkart is Amazon’s main rival in India’s e-commerce industry, so this is a big move by Walmart to improve its competition with Amazon.
Bossa Nova, which makes robots that monitor inventory in retail and grocery stores, has raised $29 million in Series B-1 funding.
Walmart robotics partner Bossa Nova has raised $29 million in fresh venture funding to bring shelf-scanning robots to groceries everywhere.
Brick-and-mortar retailers secured a big win over online rivals on Thursday as the US Supreme Court overturned a ruling that had enabled many ecommerce retailers to avoid collecting sales tax from customers. In a case with profound implications for the consumer economy, the justices ruled by 5 to 4 that US states have the right to levy tax on online sales even if the retailer does not have a store or warehouse in their territory. A perceived tax break for ecommerce has become the most contentious political issue in US retail, with brick-and-mortar stores blaming it for their wilting sales while online stores counter that their success is about convenience not tax.
Microsoft (MSFT) and Alphabet’s (GOOGL) Google have come up with technologies and services that could help traditional retailers give Amazon (AMZN) a run for its money defending its e-commerce dominance. Google’s Express and Shopping Actions programs are aimed at helping retailers boost their online sales. Walmart (WMT) and Target (TGT) are among the traditional retailers that have adopted Google’s e-commerce services to try to expand their online presences.
China's willingness to boycott imported goods in order to inflict economic pain on its adversaries is often referred to as "boycott diplomacy."
Kroger (KR) will report earnings on Thursday, but will Walmart's (WMT) more aggressive pricing strategy take a bite out of results? Jefferies' Christopher Mandeville takes a look at pricing in the food-retail space, and found that a price war is heating up in Phoenix. Although his survey data doesn't cover customized promotions and fuel rewards, he found that quarter-over-quarter trends showed that Walmart is pulling ahead of Kroger (and others) in terms of the lowest prices.
A sharp sell-off in Chinese shares on Tuesday started a ripple through global markets that extended into Asia trade on Wednesday. It will be replaced by pharmacy chain Walgreens Boots Alliance. Nikki Haley, US ambassador to the UN, had long threatened to leave the rights body, citing a “chronic anti-Israel bias” and inclusion of several countries with a record of human rights violations.
closed a sale of bonds to finance its $16bn acquisition of Indian e-commerce company Flipkart on Wednesday, joining the growing list of investment-grade issuers adding leverage to their balance sheets to finance deals. The big-box retailer initially targeted $12.5bn for the sale, but increased the size in response to demand, according to one person with knowledge of the offering. Walmart sold bonds in nine tranches with maturities between two and 30 years, according to two people with knowledge of the sale.