Bonobos founder Andy Dunn to depart Walmart in 2020

The founder of Bonobos, Andy Dunn, is leaving Walmart, roughly two years after the company acquired the money-losing online apparel retailer and he joined Walmart to help grow its e-commerce operations. Dunn said in a LinkedIn post on Thursday that he would be departing in early 2020. “When I joined Walmart in the summer of 2017, my goal was to leave the company better than I found it,” Dunn wrote. Walmart’s online sales were up 41% in the latest quarter. Walmart shares, which have a market valu


The founder of Bonobos, Andy Dunn, is leaving Walmart, roughly two years after the company acquired the money-losing online apparel retailer and he joined Walmart to help grow its e-commerce operations.
Dunn said in a LinkedIn post on Thursday that he would be departing in early 2020.
“When I joined Walmart in the summer of 2017, my goal was to leave the company better than I found it,” Dunn wrote.
Walmart’s online sales were up 41% in the latest quarter.
Walmart shares, which have a market valu
Bonobos founder Andy Dunn to depart Walmart in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: lauren thomas
Keywords: news, cnbc, companies, post, ecommerce, 2020, company, brand, walmarts, andy, acquired, dunn, walmart, depart, brands, bonobos, online, founder


Bonobos founder Andy Dunn to depart Walmart in 2020

The founder of Bonobos, Andy Dunn, is leaving Walmart, roughly two years after the company acquired the money-losing online apparel retailer and he joined Walmart to help grow its e-commerce operations.

Dunn said in a LinkedIn post on Thursday that he would be departing in early 2020. He didn’t specify where he would be heading next.

“When I joined Walmart in the summer of 2017, my goal was to leave the company better than I found it,” Dunn wrote. “What I am certain of is how much I gained from my time at Walmart.” (See his full post below.)

Dunn will remain with Walmart through January and will work closely with merchandising and brand leadership to “ensure a smooth and successful transition,” a Walmart spokesperson said in an emailed statement.

“After more than two years innovating new, incubated brands and bringing on important acquired brands, as an entrepreneur at heart, Andy Dunn has decided now is the right time to take the next steps in his career,” the spokesperson said. “During the last two and a half years, Andy’s contributions to the organization have been invaluable. He’s been instrumental in building out and growing Walmart’s proprietary brand portfolio.”

Bonobos, known for its patterned men’s shirts and chinos, is one of a handful of digital companies that Walmart has acquired in recent years to try to grow online and compete with Amazon. Others include Jet.com, where Walmart gained the current head of its e-commerce operations in the U.S., Marc Lore; Moosejaw and Art.com. Walmart also acquired women’s apparel company Modcloth in 2017. But earlier this year, it announced it would be selling Modcloth to Go Global Retail.

As a result, some view Walmart’s acquisition strategy as yielding mixed results. The big-box retailer’s e-commerce business is still losing money, and some of its acquisitions, including Bonobos, remain unprofitable, according to a report from Vox.

However, the robust gains in Walmart’s grocery business, which is partially online, are helping the company offset some of those losses. And Walmart has learned lessons from these digital-first brands, which has made it a more savvy e-commerce competitor. Walmart’s online sales were up 41% in the latest quarter.

More recently, Lore has said Walmart is putting a pause on brand acquisitions and instead will focus on incubating its own brands, internally. Its first is a mattress brand that it launched in 2018 called Allswell.

Walmart shares, which have a market value of nearly $340 billion, have climbed a little more than 28% this year.

Here’s the complete LinkedIn post from Dunn:


Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: lauren thomas
Keywords: news, cnbc, companies, post, ecommerce, 2020, company, brand, walmarts, andy, acquired, dunn, walmart, depart, brands, bonobos, online, founder


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Walmart to trial driverless grocery deliveries in Texas

A “pilot group” of customers who opted-in to the scheme will be the first to receive deliveries using the technology, Nuro added. Grocery giant Walmart is to pilot the autonomous delivery of groceries in Houston, Texas. The trial is being carried out using technology from Nuro, an autonomous vehicle firm. Starship Technologies, another firm that specializes in self-driving deliveries, says its robots can deliver items within a four mile radius. In August, the business announced it had completed


A “pilot group” of customers who opted-in to the scheme will be the first to receive deliveries using the technology, Nuro added.
Grocery giant Walmart is to pilot the autonomous delivery of groceries in Houston, Texas.
The trial is being carried out using technology from Nuro, an autonomous vehicle firm.
Starship Technologies, another firm that specializes in self-driving deliveries, says its robots can deliver items within a four mile radius.
In August, the business announced it had completed
Walmart to trial driverless grocery deliveries in Texas Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-11  Authors: anmar frangoul
Keywords: news, cnbc, companies, autonomous, grocery, nuro, delivery, technology, deliveries, texas, walmart, using, data, driverless, vehicles, firm, trial


Walmart to trial driverless grocery deliveries in Texas

Houston is already home to a delivery service using Nuro’s vehicles. In select zip codes, Kroger customers can pay a $5.95 delivery charge for their shopping to be delivered by Nuro.

A “pilot group” of customers who opted-in to the scheme will be the first to receive deliveries using the technology, Nuro added.

In a blog post on the Medium website Tuesday, Nuro said the trial would use electric, self-driving vehicles to deliver groceries from a select group of Walmart stores in Houston.

Grocery giant Walmart is to pilot the autonomous delivery of groceries in Houston, Texas. The trial is being carried out using technology from Nuro, an autonomous vehicle firm.

Starship Technologies, another firm that specializes in self-driving deliveries, says its robots can deliver items within a four mile radius. In August, the business announced it had completed 100,000 deliveries using the technology.

And on Wednesday, information and communication technology firm Ericsson announced that an autonomous passenger ferry in Trondheim, Norway, had carried people across the city’s harbor canal.

The Swedish company partnered with telecommunications firm Telia and the Norwegian University of Science and Technology (NTNU) for the demonstration. The ferry, called milliAmpère, uses sensors to “record its surroundings”, according to Ericsson.

The business said its 5G technology was used to help Telia “securely support the large amount of data transfers needed to support the autonomous ferry.”

5G refers to the fifth generation of mobile networks. While it promises cell phone users incredibly fast browsing experiences, it will also benefit the autonomous vehicle sector through its ability to process reams of information and data simultaneously and quickly.

“The data is analyzed so that the vessel finds its way itself and avoids any obstacles, and at the same time the distance to the quay is measured so that the boat can safely moor itself,” Egil Eide, associate professor at NTNU’s Department of Electronic Systems, said in a statement.

Eide added that, in the event of an emergency, the ship could be controlled remotely from a control center using the same mobile network.


Company: cnbc, Activity: cnbc, Date: 2019-12-11  Authors: anmar frangoul
Keywords: news, cnbc, companies, autonomous, grocery, nuro, delivery, technology, deliveries, texas, walmart, using, data, driverless, vehicles, firm, trial


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Old Navy taps Postmates to help it make same-day deliveries of last-minute holiday gifts

Old Navy is working with Postmates this holiday season so that shoppers can have their online orders brought to their doorsteps in a pinch. Old Navy says it will make this option free for customers from Dec. 21 to Dec. 23. In Gap’s fiscal third quarter, Old Navy same-store sales dropped 4%, missing analysts’ expectations. Gap is still planning to spin off the Old Navy brand into its own public company by the middle of next year. Old Navy hopes this offering will bring it a last-minute surge of s


Old Navy is working with Postmates this holiday season so that shoppers can have their online orders brought to their doorsteps in a pinch.
Old Navy says it will make this option free for customers from Dec. 21 to Dec. 23.
In Gap’s fiscal third quarter, Old Navy same-store sales dropped 4%, missing analysts’ expectations.
Gap is still planning to spin off the Old Navy brand into its own public company by the middle of next year.
Old Navy hopes this offering will bring it a last-minute surge of s
Old Navy taps Postmates to help it make same-day deliveries of last-minute holiday gifts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-10  Authors: lauren thomas
Keywords: news, cnbc, companies, deliveries, option, old, navy, help, walmart, taps, lastminute, postmates, gifts, delivery, dec, sameday, clothing, brand, stores, holiday


Old Navy taps Postmates to help it make same-day deliveries of last-minute holiday gifts

Old Navy is working with Postmates this holiday season so that shoppers can have their online orders brought to their doorsteps in a pinch.

The retailer, owned by Gap, has been offering same-day “buy online, pick up in stores” since last year. Now, when customers select that option at checkout, they can tap a Postmates driver to deliver the merchandise to an address within 24 hours.

Old Navy says it will make this option free for customers from Dec. 21 to Dec. 23. Otherwise, it will cost $8.99 for delivery per order. It will be available in the more than 4,000 U.S. cities where Postmates operates.

The option will be available through the end of January, but the companies are exploring longer-term opportunities, according to a Postmates spokeswoman.

“Partnering with Postmates to provide same-day, on-demand delivery creates an even deeper convenience proposition during the bustling holiday shopping season,” Old Navy Global Chief Marketing Officer Jamie Gersch said in a statement.

The rollout comes as the family-friendly apparel brand has been struggling to grow sales. Old Navy offers less-expensive clothing than the namesake Gap brand and Banana Republic, pitting it against the likes of TJ Maxx and H&M. But Target and Walmart have been adding more clothing to their stores and websites at competitive prices, giving Old Navy a run for its money.

In Gap’s fiscal third quarter, Old Navy same-store sales dropped 4%, missing analysts’ expectations.

Gap is still planning to spin off the Old Navy brand into its own public company by the middle of next year.

The parent company, which has a market cap of $6.1 billion, has watched its stock tumble more than 35% this year as the S&P 500 Retail ETF (XRT) rose about 10%.

Postmates has been growing its roster of the retailers, including Walmart, Apple and 7-Eleven, to diversify beyond restaurants. The delivery provider said the number of people ordering clothing items via Postmates has grown 60% year over year.

Old Navy hopes this offering will bring it a last-minute surge of shoppers before Christmas. There are six fewer days in between Thanksgiving and Dec. 25 this year compared with last, which will put more pressure on procrastinators to find gifts.


Company: cnbc, Activity: cnbc, Date: 2019-12-10  Authors: lauren thomas
Keywords: news, cnbc, companies, deliveries, option, old, navy, help, walmart, taps, lastminute, postmates, gifts, delivery, dec, sameday, clothing, brand, stores, holiday


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It could be time to buy defensive stocks if the rally slows down. Here are some favorites

Morgan Stanley is also bearish and recommends clients buy into defensive stocks, which are less tied to the economic cycle. Health care, utilities and consumer staples stocks are classic defensive stocks. The theory behind defensive stocks is that even in harder economic times, people will still pay for health-related items like medications and hospital visits. Here are the most-loved defensive stocks on Wall Street. CNBC used FactSet to screen to Wall Street’s favorite defensive stocks by picki


Morgan Stanley is also bearish and recommends clients buy into defensive stocks, which are less tied to the economic cycle.
Health care, utilities and consumer staples stocks are classic defensive stocks.
The theory behind defensive stocks is that even in harder economic times, people will still pay for health-related items like medications and hospital visits.
Here are the most-loved defensive stocks on Wall Street.
CNBC used FactSet to screen to Wall Street’s favorite defensive stocks by picki
It could be time to buy defensive stocks if the rally slows down. Here are some favorites Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-09  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, defensive, stocks, nextera, market, favorites, walmart, analysts, slows, morgan, clients, 2020, rally, growth, buy


It could be time to buy defensive stocks if the rally slows down. Here are some favorites

Customers shop at a Walmart store in Secaucus, New Jersey, May 16, 2018. Timothy Fadek | Bloomberg | Getty Images

Wall Street is getting defensive. Stocks have had a great run this year — hitting all-time record highs — but uncertainty around the U.S.-China trade war and the 2020 election paint a tepid picture for markets in the new year. UBS sees the market coming under pressure next year with a continued slowdown in the economy. Morgan Stanley is also bearish and recommends clients buy into defensive stocks, which are less tied to the economic cycle. “We expect the market to vacillate between a pro-cyclical outcome and a defensive one as data comes in and trade tensions and the election evolve,” said Morgan Stanley chief U.S. equity strategist in a note to clients last week. “We slightly favor the more defensive outcome given our well below consensus forecast for S&P 500 earnings growth next year (flat versus approximately 10% growth for the bottom up consensus).”

Health care, utilities and consumer staples stocks are classic defensive stocks. The theory behind defensive stocks is that even in harder economic times, people will still pay for health-related items like medications and hospital visits. Plus, households and businesses will always need water and electricity and consumers will still purchase goods like toothpaste and laundry detergent. As analysts bet on slower growth in 2020, and December kicked off to a rocky start, defensive stocks could become the rage. Here are the most-loved defensive stocks on Wall Street.

CNBC used FactSet to screen to Wall Street’s favorite defensive stocks by picking the health care, utility and consumer staple stocks with the highest percentage of buy ratings by Wall Street analysts. The stocks also have at least a 10% upside to their 12-month price target, which is an attractive return considering the median S&P 500 strategist target for year-end 2020 is 3,325, about 5.4% above Friday’s close. The companies also have a market valuation above $5 billion and pay at least a 1% dividend yield. NextEra Energy, the largest producer of wind and solar energy, is the most loved defensive stock in the data set with nearly 90% of analysts recommending it a buy. Total shareholder return for NextEra includes 8% to 9% earnings growth with a 2.2% dividend yield, J.P. Morgan said in a note to clients. “Gulf Power growth from cost cuts and new investments is also expected to be a major driver of growth in the next 2 years,” said J.P. Morgan utilities analyst Christopher Turnure in a note to clients. The firm has an overweight rating on NextEra. Shares of NextEra are up about 35% this year. Tyson Foods and Walmart are the two consumer staples stocks on the list. Walmart is the largest retailer in the world and remains a top retail pick among many analysts for its ability to compete with e-commerce giant Amazon. A strong grocery business helped Walmart’s online sales grow 41% in the third quarter, the company said last month, fueling an earnings beat and 21 quarters of growth in the U.S. On the first two trading days of December last week, the Dow Jones Industrial Average lost 2.35%, after President Donald Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election. While the broader market was tumbling and investors feared stocks were in for a tumultuous December like last year, Walmart’s stock gained a modest 0.2%.

Health care loved


Company: cnbc, Activity: cnbc, Date: 2019-12-09  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, defensive, stocks, nextera, market, favorites, walmart, analysts, slows, morgan, clients, 2020, rally, growth, buy


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How much you can expect to get from Social Security if you make $45,000 a year

Social Security is an important part of retiring in America. Social Security benefits represent about 33% of the income of the elderly. Remember: Social Security was not designed to be your sole source of income for retirement, and the totals are always changing. So how much should you expect in Social Security benefits if you make $45,000 a year? More from Invest in You:How Walmart and other big companies are trying to recruit more teenage employeesDisclosure: NBCUniversal and Comcast Ventures


Social Security is an important part of retiring in America.
Social Security benefits represent about 33% of the income of the elderly.
Remember: Social Security was not designed to be your sole source of income for retirement, and the totals are always changing.
So how much should you expect in Social Security benefits if you make $45,000 a year?
More from Invest in You:How Walmart and other big companies are trying to recruit more teenage employeesDisclosure: NBCUniversal and Comcast Ventures
How much you can expect to get from Social Security if you make $45,000 a year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: robert exley jr noah higgins-dunn mackenzie sigalos, robert exley jr, noah higgins-dunn, mackenzie sigalos
Keywords: news, cnbc, companies, social, income, security, age, youhow, expect, video, benefits, 45000, walmart, watch, money


How much you can expect to get from Social Security if you make $45,000 a year

Social Security is an important part of retiring in America.

Social Security benefits represent about 33% of the income of the elderly. And nearly 9 in 10 individuals age 65 and older receive money from the government program.

Benefits are based on your income, the year you were born and your age when you decide to start taking money out.

Remember: Social Security was not designed to be your sole source of income for retirement, and the totals are always changing.

So how much should you expect in Social Security benefits if you make $45,000 a year? Watch this video for a breakdown of how much you will get and how your monthly benefit amount will be calculated.

More from Invest in You:

How Walmart and other big companies are trying to recruit more teenage employees

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: robert exley jr noah higgins-dunn mackenzie sigalos, robert exley jr, noah higgins-dunn, mackenzie sigalos
Keywords: news, cnbc, companies, social, income, security, age, youhow, expect, video, benefits, 45000, walmart, watch, money


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Mike Bloomberg rolls out gun safety proposals

Mike Bloomberg, who has already helped bankroll a battle for gun reform as a private citizen, on Thursday rolled out his gun safety proposals for his 2020 presidential run. Gun safety is a passionate point for Bloomberg. He previously pledged $50 million to support Everytown for Gun Safety, an organization he helped found in 2014 to promote gun reform. In response to Bloomberg’s proposal the NRA said: “Mike Bloomberg supports gun registration along with every oppressive and failed gun control sc


Mike Bloomberg, who has already helped bankroll a battle for gun reform as a private citizen, on Thursday rolled out his gun safety proposals for his 2020 presidential run.
Gun safety is a passionate point for Bloomberg.
He previously pledged $50 million to support Everytown for Gun Safety, an organization he helped found in 2014 to promote gun reform.
In response to Bloomberg’s proposal the NRA said: “Mike Bloomberg supports gun registration along with every oppressive and failed gun control sc
Mike Bloomberg rolls out gun safety proposals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: lauren hirsch
Keywords: news, cnbc, companies, bloomberg, proposal, million, proposed, mike, used, violence, proposals, gun, walmart, guns, rolls, safety


Mike Bloomberg rolls out gun safety proposals

Democratic presidential candidate, former New York City Mayor Michael Bloomberg speaks during an event to introduce his gun safety policy agenda at the Heritage Christian Center on December 5, 2019 in Aurora, Colorado.

Mike Bloomberg, who has already helped bankroll a battle for gun reform as a private citizen, on Thursday rolled out his gun safety proposals for his 2020 presidential run.

Gun safety is a passionate point for Bloomberg. He previously pledged $50 million to support Everytown for Gun Safety, an organization he helped found in 2014 to promote gun reform.

The policies Bloomberg laid out Thursday would require anyone who buys gun to pass a thorough background check. It would close the “private sale loophole” through which people can more easily buy guns from unlicensed sellers at gun shows or online. It would require retailers to use sales records to track guns used for crimes — and notify police when people have been barred from using a gun. A central system would track when a gun owner has a criminal conviction or restraining order placed on them, barring them from owning firearms.

The proposal would also reverse President Donald Trump’s proposed firearm export regulations, which make it easier to sell weapons to foreign buyers. Those regulations are aimed at helping foster sales for gun companies like Vista Outdoors, Smith & Wesson parent company American Outdoor Brands and Sturm, Ruger & Co.

The proposed regulation would also close the “boyfriend loophole,” that prevents married domestic abusers from owning guns, but not unmarried partners. It would set a minimum age of 21 for anyone who wants to purchase handguns, semi-automatic rifles and shotguns.

Retailers like Walmart have already raised their age restrictions to 21 for firearm and ammunition purchases.

The proposal would ban the sale of assault weapons and high-capacity magazines, reinstating a prohibition that expired in 2004. Walmart CEO, Doug McMillon, has said that reinstating that ban “should be debated to determine its effectiveness.” The retailer earlier this year stopped selling ammunition for handguns and some assault-style rifles after two shootings at Walmart stores.

Bloomberg would also prohibit guns in all schools, aside from those used by law enforcement.

The proposal would also tackle the gun violence crisis financially, including $100 million a year into local violence intervention programs and at least $100 million for public health research into gun violence. By declaring the crisis to be a public health emergency, the plan would expedite financial support.

Bloomberg also said Thursday said he would repeal the Protection of Lawful Commerce in Arms Act, a 2005 law that shields gun makers from liability for crimes committed with their products. The law has come under renewed scrutiny after families of children killed in the 2012 Sandy Hook Elementary school massacre in Connecticut sued gun maker Remington. The families argued that Remington which makes the AR-15-style weapon used in the incident marketed the weapon in a way that inspired gunman Adam Lanza. The Supreme Court said in November that it declined to hear the case.

The proposed plan put forward by Bloomberg , who is worth $54 billion, represents a new challenge for the National Rifle Association, the gun lobbyist group that has long been a strong force in Washington, D.C., but has recently been stricken with infighting and financial distress.

In response to Bloomberg’s proposal the NRA said: “Mike Bloomberg supports gun registration along with every oppressive and failed gun control scheme ever conceived. This hypocritical billionaire who surrounds himself with armed guards 24/7 doesn’t believe that self-defense is a fundamental human right or that gun ownership is an individual constitutional right as determined by the Supreme Court in the historic Heller decision.”

Shannon Watts, founder of Everytown’s Moms Demand Action for Gun Sense in America, also responded. In a statement she said: “Given the significant progress we’ve made in the past six years working together, it’s no surprise Mayor Bloomberg has put forward a bold and comprehensive agenda to address a gun violence crisis that claims 100 lives every day in America and wounds hundreds more. This is an extraordinary moment as presidential candidates are vying to be the biggest and boldest on the issue of gun safety, in stark contrast to past cycles, where candidates frequently hid.”

Bloomberg’s Everytown spent $2.5 million in Virginia’s elections this past November, helping Democrats take full control of the Virginia House and Senate the first time since 1994.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: lauren hirsch
Keywords: news, cnbc, companies, bloomberg, proposal, million, proposed, mike, used, violence, proposals, gun, walmart, guns, rolls, safety


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Target and Walmart are a threat to Amazon this Cyber Monday

Amazon has become a huge threat to big-box stores in recent years, but those retailers may be making a comeback this Cyber Monday. Walmart and Target had bigger jumps than Amazon in online customer spending during the first two weeks of November compared with the same period last year, according research firm Edison Trends, which looked at more than 1.2 million transactions. Walmart took in 51% more than last year, while Target followed close behind with a 47% increase. “Retailers have gone from


Amazon has become a huge threat to big-box stores in recent years, but those retailers may be making a comeback this Cyber Monday.
Walmart and Target had bigger jumps than Amazon in online customer spending during the first two weeks of November compared with the same period last year, according research firm Edison Trends, which looked at more than 1.2 million transactions.
Walmart took in 51% more than last year, while Target followed close behind with a 47% increase.
“Retailers have gone from
Target and Walmart are a threat to Amazon this Cyber Monday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: mallika mitra, lauren thomas
Keywords: news, cnbc, companies, online, stores, investing, according, site, walmart, cyber, amazon, ecommerce, spending, threat, target


Target and Walmart are a threat to Amazon this Cyber Monday

Amazon has become a huge threat to big-box stores in recent years, but those retailers may be making a comeback this Cyber Monday.

Walmart and Target had bigger jumps than Amazon in online customer spending during the first two weeks of November compared with the same period last year, according research firm Edison Trends, which looked at more than 1.2 million transactions.

Walmart took in 51% more than last year, while Target followed close behind with a 47% increase. Amazon’s customer spending grew just 32%.

As retailers battle for market share, they are investing in their e-commerce options, and integrating them with brick-and-mortar stores. This includes adding more products to their online shops, offering in-store pick up for items purchased online and direct shipping from stores to customers’ houses, according to Nomura Instinet analyst Michael Baker. These companies are also investing in the infrastructure of their websites to allow them to handle big shopping days like Cyber Monday.

“Retailers have gone from being in denial about the potential threat of e-commerce to accepting that e-commerce is a real threat and investing to take advantage of the omnichannel asset,” Baker said.

They’re realizing that they can compete with Amazon to win back market share, he added.

There is a lot of competing to be done. Amazon sees more users start with its site when online shopping than on any other site, including Google, according to a recent report by Bain & Co.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: mallika mitra, lauren thomas
Keywords: news, cnbc, companies, online, stores, investing, according, site, walmart, cyber, amazon, ecommerce, spending, threat, target


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Cramer: Walmart is a great online and offline company

Cramer: Walmart is a great online and offline companyBlack Friday shoppers spent less time in stores and more time shopping online this year and that trend is expected to continue through “Cyber Monday.” CNBC’s “Squawk on the Street” crew discuss.


Cramer: Walmart is a great online and offline companyBlack Friday shoppers spent less time in stores and more time shopping online this year and that trend is expected to continue through “Cyber Monday.”
CNBC’s “Squawk on the Street” crew discuss.
Cramer: Walmart is a great online and offline company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02
Keywords: news, cnbc, companies, online, stores, cramer, trend, squawk, great, company, walmart, shopping, shoppers, spent, street, offline


Cramer: Walmart is a great online and offline company

Cramer: Walmart is a great online and offline company

Black Friday shoppers spent less time in stores and more time shopping online this year and that trend is expected to continue through “Cyber Monday.” CNBC’s “Squawk on the Street” crew discuss.


Company: cnbc, Activity: cnbc, Date: 2019-12-02
Keywords: news, cnbc, companies, online, stores, cramer, trend, squawk, great, company, walmart, shopping, shoppers, spent, street, offline


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Target and Walmart top the list of Wall Street analysts’ Black Friday winners

Black Friday foot traffic declined about 6% since last year, the weakest result since 2014, according to ShopperTrak, but Walmart and Target attracted more in-store shoppers than the industry, analysts said. Walmart and Target bucked the overall trend of a calmer Black Friday, as the big box retailers saw strong in-store foot traffic despite a large portion of retail moving online, according to Wall Street analysts. Target and Walmart were stand-out performers this Black Friday with both retaile


Black Friday foot traffic declined about 6% since last year, the weakest result since 2014, according to ShopperTrak, but Walmart and Target attracted more in-store shoppers than the industry, analysts said.
Walmart and Target bucked the overall trend of a calmer Black Friday, as the big box retailers saw strong in-store foot traffic despite a large portion of retail moving online, according to Wall Street analysts.
Target and Walmart were stand-out performers this Black Friday with both retaile
Target and Walmart top the list of Wall Street analysts’ Black Friday winners Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, strong, big, store, winners, according, target, street, list, traffic, analyst, retailers, walmart, black, wall, analysts


Target and Walmart top the list of Wall Street analysts' Black Friday winners

An employee places price tags on Black Friday sale items displayed for the media at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Thursday, Nov. 16, 2017.

Black Friday foot traffic declined about 6% since last year, the weakest result since 2014, according to ShopperTrak, but Walmart and Target attracted more in-store shoppers than the industry, analysts said. Meanwhile, online sales for Thanksgiving and Black Friday increased 17% year-over-year, according to Adobe Analytics.

Walmart and Target bucked the overall trend of a calmer Black Friday, as the big box retailers saw strong in-store foot traffic despite a large portion of retail moving online, according to Wall Street analysts.

Target and Walmart were stand-out performers this Black Friday with both retailers reaching strong traffic store-wide, according to most Wall Street retail analysts. Electronics and toys were the hot ticket items at the big box retailers, with a special emphasis on TVs, according to Bank of America.

“We saw healthy traffic levels at Walmart on Thursday night and into Friday, led by the 50″ Roku Smart TV deal and other electronic offerings,” said Deutsche Bank’s research analyst Paul Trussell in a note to clients on Sunday.

Morgan Stanley noted the big retails like Walmart, Target and Best Buy are among the best positioned to handle customers’ shift to buying online. Shares of Walmart have risen 20% in the last 12 months, shares of Target have climbed about 75% since last year and Best Buy is up about 25% in the same period.

“These retailers have become the biggest holiday destinations behind a wide assortment of holiday product, attractive deals, and solid omni-channel capabilities,” said Morgan Stanley equity analyst Kimberly Greenberger in a note to clients on Monday.

Lululemon, who’s stock is up 70% since last year, was another strong performer this holiday, with an “abundance” of clearance racks in stores to drive interest, according to MKM Partners.

“This was the most crowded lululemon store we’ve visited on Black Friday, and hands down it was the most crowded store in the King of Prussia mall,” said MKM analyst Roxanne Meyer in a note to clients Monday. The firm said Lululemon was more strategic this year in its marketing of Black Friday, with lots of emails promoting the sales.

Cowen highlighted department store Nordstrom as another winner of Black Friday with special deals and a strong assortment of products.

“We also noticed JWN had more in-store traffic compared to last year with pronounced customer interest in footwear, and Men’s apparel,” said Cowen’s retail analyst Oliver Chen.

Toymakers were another big winner, according to analysts.

“Retailers cited Frozen as a top seller; shelves were being restocked early Friday during our site visits,” said Jefferies. The firm has a buy rating on Hasbro, the market of the Frozen II dolls for Disney.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, strong, big, store, winners, according, target, street, list, traffic, analyst, retailers, walmart, black, wall, analysts


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Stocks making the biggest moves premarket: Tech Data, Amazon, Walmart, Facebook, VF Corp & more

Amazon.com (AMZN), Walmart (WMT) – These and other retailers are on watch after an upbeat start to the holiday shopping season. Early data from Adobe indicates that online shopping on Thanksgiving Day jumped about 19 percent from a year ago. VF Corp. (VFC) – The apparel maker is among the bidders for Italian Shoe brand Golden Goose, according to sources who spoke to Reuters. Wynn Resorts (WYNN) – The casino operator will receive a total of $41 million from former CEO Steve Wynn and insurance car


Amazon.com (AMZN), Walmart (WMT) – These and other retailers are on watch after an upbeat start to the holiday shopping season.
Early data from Adobe indicates that online shopping on Thanksgiving Day jumped about 19 percent from a year ago.
VF Corp. (VFC) – The apparel maker is among the bidders for Italian Shoe brand Golden Goose, according to sources who spoke to Reuters.
Wynn Resorts (WYNN) – The casino operator will receive a total of $41 million from former CEO Steve Wynn and insurance car
Stocks making the biggest moves premarket: Tech Data, Amazon, Walmart, Facebook, VF Corp & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, walmart, premarket, making, facebook, wynn, stocks, million, unnamed, steve, online, settlement, share, tech, shopping, corp, moves, data, according


Stocks making the biggest moves premarket: Tech Data, Amazon, Walmart, Facebook, VF Corp & more

Check out the companies making headlines before the bell:

Tech Data (TECD) – The technology distributor agreed to be bought by private-equity firm Apollo Global (APO) in a sweetened offer worth $5.14 billion excluding debt, or $145 per share. Tech Data had struck a deal to be bought by Apollo earlier this month for $130 per share, but the offer was raised after an unnamed suitor topped the original bid. CNBC has learned exclusively that the unnamed bidder was Berkshire Hathaway’s (BRKB) Warren Buffett, who offered $140 per share but ultimately decided not to get into a bidding war.

Amazon.com (AMZN), Walmart (WMT) – These and other retailers are on watch after an upbeat start to the holiday shopping season. Early data from Adobe indicates that online shopping on Thanksgiving Day jumped about 19 percent from a year ago.

Facebook (FB) – Facebook has restored service after a holiday outage that lasted several hours and prevented many users from accessing its Facebook, Instagram, and Messenger platforms.

VF Corp. (VFC) – The apparel maker is among the bidders for Italian Shoe brand Golden Goose, according to sources who spoke to Reuters. The North Face parent is said to be competing with private equity firms Permira and Advent for the maker of luxury sneakers, which is currently owned by Carlyle Group (CG).

Chevron (CVX) – Chevron is putting stakes in two Nigerian offshore oil and gas blocks up for sale, according to a Reuters report. The energy giant is selling various assets to focus on its fast growth in U.S.-based production.

Wynn Resorts (WYNN) – The casino operator will receive a total of $41 million from former CEO Steve Wynn and insurance carriers, as part of a settlement of shareholder lawsuits. Those lawsuits had accused company directors of failing to disclose an alleged pattern of sexual misconduct by Steve Wynn, allegations which he has denied. Neither the company nor its directors were found to have committed any wrongdoing in connection with the settlement, which involves a number of public pension funds.

Philip Morris (PM) – A court at Thailand fined the tobacco producer’s local operation $40 million for violating customs rules on cigarette imports. However, criminal charges against seven employees – alleging underreporting the value of imported cigarettes – were dropped.

TD Ameritrade (AMTD) – Charles Schwab’s (SCHW) deal to buy rival online brokerage TD Ameritrade – announced earlier this week – has a $950 million breakup fee, according to a Securities and Exchange Commission filing.


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, walmart, premarket, making, facebook, wynn, stocks, million, unnamed, steve, online, settlement, share, tech, shopping, corp, moves, data, according


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