Both Walmart (WMT) and Target (TGT) delivered fantastic second-quarter reports this week, and Barron’s had noted for the reports that Target was likely to receive a major boost from its results. That’s the way it’s been played, with Target stock jumping 12% on Wednesday afternoon, while Walmart reported losses after …
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Meal-kit provider HelloFresh is the latest company to recall products that potentially contained onions contaminated with salmonella in an outbreak that nearly 900 Americans became ill, including 100 who were hospitalized. The onions, and food containing them, have attracted a lot of sign-ups and reminders from consumers, most recently released …
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The coronavirus pandemic has widened the gap between winners and losers of retail, increasing the capacity of large U.S. chains that could remain open throughout the pandemic and feed America’s basic needs. The evidence was strong this week when nationwide retailers revealed they were heading out the summer months in …
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The S&P 500 peaked at record highs on Tuesday, last seen before the start of the coronavirus crisis in February, and rallied on gains in thriving shares of Amazon, as a number of large retailers sold increased sales despite the pandemic. However, doubts about the underlying health of the economy …
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Text size Brick-and-mortar retailers make up the bulk of revenue reports this week. Walmart, Home Depot, and Kohl released their second-quarter results on Tuesday, followed by Lowe’s, Doel, TJX, and L Markets on Wednesday. Ross Stores reports Thursday. Non-retail names releasing results this week include Nvidia and analog devices on …
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