Target, Brian Cornell Steps
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It didn’t have to be this way. At the start of his tenure, Cornell, who the company announced yesterday will step down as CEO on February 1, was an outsider unafraid to move fast and break things. He had been CEO of a big PepsiCo unit, Michaels Stores, and Sam’s Club before that.
The company marked a milestone in May — posting its first profitable quarter for its e-commerce business in the U.S. and globally.
Target's stock is down, and Walmart's stock is up. Do you buy the stock performance winner or the loser of this matchup?
Several big-box U.S. retailers are set to report second-quarter earnings this week, offering a glimpse into the spending habits of U.S. consumers and the continued impact of President Trump’s trade war.
Now, investors have another wrinkle to consider. On Wednesday, Target replaced its CEO of 11 years, Brian Cornell — a shakeup that was widely expected and likely overdue. Taking his place to steer the brand out of its malaise is … Cornell’s right-hand man.
1hon MSN
Walmart reports solid second-quarter sales and profits despite a challenging tariff environment
NEW YORK (AP) — Walmart Inc. reported increases in second-quarter profits and sales Thursday as it continues to pull in price-sensitive shoppers for everyday essentials like groceries despite a challenging tariff environment.
Several big-box U.S. retailers are reporting second-quarter earnings this week, offering a glimpse into the spending habits of consumers and the continued impact of President Trump’s trade war. Here a
Further, 49% of shoppers believe that Walmart is offering the best BTS deals this year, followed by Target (22%) and Amazon (12%).
“Our advertising business across markets increased 50%, including Vizio. Walmart Connect in the U.S., which doesn’t include Vizio, grew 31%. Sam’s Club U.S. ad business was up 21%, and we saw 20% growth in our International markets, led by Flipkart,” Walmart CFO John David Rainey said during the chain’s first-quarter-earnings call.
Executive Editor Brian Sozzi joins Ramzan Karmali on Market Sunrise to talk about the major earnings calls coming up this week, including Target (TGT), Home Depot (HD) and Walmart (WMT).
According to a recent analyst note obtained by MarketWatch, BofA analysts state that because of its high import exposure, Target will need to increase its prices to twice the rate