WalMart posts
FeedPosted Nov 15th 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Home Depot (HD), Target Corp. (TGT), Sears Holdings (SHLD), Gap Inc (GPS)
On the heels of last week's better-than-expected earnings results from retailers Abercrombie & Fitch Co. (ANF), Kohl's Corp. (KSS), Macy's Inc. (M), Urban Outfitters Inc. (URBN) and Wal-Mart Stores Inc. (WMT) -- as well as disappointing numbers from Blockbuster Inc. (BBI) and JCPenney Co. Inc. (JCP) -- the coming week will bring results from more shopping- and strip-mall favorites.
TJX Companies Inc. (TJX), which operates T.J. Maxx and Marshalls stores in the U.S., settled a class action, announced share buybacks and raised its guidance in the third quarter. For the three months that ended in October, analysts surveyed by Thomson Reuters expect TJX to report earnings of $0.80 per share, up from $0.57 in the same period of last year. Revenue is expected to total $5.3 billion, or 10.2% higher than a year ago. So far, the full-year forecast is for a profit of $2.59 per share (+22.3%) on $20.0 billion (+5.5%) in sales.
Continue reading The week in preview: More retail earnings: Gap, Home Depot, Sears, Target ...
Posted Nov 14th 2009 2:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Wal-Mart (WMT), Walt Disney (DIS), Blockbuster Inc 'A' (BBI), Applied Materials (AMAT), Abercrombie and Fitch (ANF), Toll Brothers (TOL), Electronic Arts (ERTS), Blackstone Group L.P (BX), Lions Gate Entertainment (LGF)
Here are some highlights from this past week's earnings coverage on BloggingStocks:
- Abercrombie & Fitch Co. (ANF) lower Q3 results still topped expectations and sent shares higher.
- Applied Materials Inc. (AMAT) posted much better-than-expected Q4 earnings, the first profit in a year.
- AstraZeneca (AZN) received an analyst's downgrade due to concerns over its earnings prospects.
- Blackstone Group (BX) received an analyst's upgrade following the company's Q3 results.
- Blockbuster Inc. (BBI) widened its net loss in Q3 and revenue and same-stores sales declined.
- Clean Energy Fuels Corp. (CLNE) shares declined after its Q3 numbers fell short of expectations.
- Consolidated Water Co. Inc. (CWCO) earnings prospects for 2010 earned it an analyst upgrade.
Continue reading Earnings highlights: Abercrombie, Blockbuster, Disney, Macy's, Walmart ...
Posted Nov 12th 2009 2:00PM by Tom Johansmeyer (RSS feed)
Filed under: Wal-Mart (WMT), Black Friday
Wal-Mart (WMT) won't close Thanksgiving weekend -- not at all. The world's largest retailer is going to keep its stores open 24 hours in an attempt to manage demand for entry during the busiest shopping days of the year. The company has announced it will also implement other crowd-control measures. The festivities start at 5 AM on November 27, 2009. Of course, this doesn't involve any change fro the Wal-Mart Supercenters which already remain open 24 hours a day, but it does address the 800 stores that aren't.
The 24-hour access alone won't do much to alleviate the pressure from thrill-seekers and the bargain-crazed who will want to push through immediately. To help with this problem, Wal-Mart is allowing people to gather in different parts of the store when waiting for the deals to kick off. According to Wal-Mart spokesman David Tovar, "If you've got a 200,000-square-foot store, people will be dispersed throughout the store instead of lined up outside the store." Yeah, that makes a lot of sense.
As the old infomercial guys love to say ... "But wait, there's more!"
Continue reading Wal-Mart amps up hours, crowd control for Black Friday
Posted Nov 9th 2009 12:30PM by Beth Gaston Moon (RSS feed)
Filed under: eBay (EBAY), Wal-Mart (WMT), Marketing and advertising, Technology
Joining the ranks of Tickle-Me Elmo, Cabbage Patch Kids, and the Teenage Mutant Ninja Turtles ... behold, the Zhu Zhu Pets. These robotic rodents are expected to be the most in-demand toy for the 2009 holiday shopping season.
The five battery-operated hamsters respond to touch with 40 different sounds, and can also run around when set in "explore" mode. It's all the fun of having a pet without the messy clean-up duty.
Parents, you have Cepia LLC, a small company in St. Louis, to thank for these critters. The firm is hoping to ship between 4 million and 5 million pets by the end of the year (banking $300 million to $400 million in sales), but admits they cannot keep up with the demand. Cepia has grand plans, however, for the next part of the Zhu Zhu universe, hoping to roll out hedgehogs, rabbits, and other furry robot friends in the next year or so.
Continue reading And the hottest toy for the holiday season is ...
Posted Nov 8th 2009 2:10PM by Tom Johansmeyer (RSS feed)
Filed under: Competitive strategy, Wal-Mart (WMT), Amazon.com (AMZN), Target Corp. (TGT)
Santa hasn't even been tugged down Central Park West yet, and Wal-Mart (WMT) is already slashing its prices. The market among major retailers is intensifying, with many offering products as loss leaders in order to entice customers into the store (physical or otherwise) and boost their basket sizes. Along with Target (TGT) and Amazon (AMZN), Walmart is slashing DVD prices, the same tactic it's using with books.
Retailers are rushing to undercut each other this year, which is causing prices to spiral down quickly. When Walmart announced reduced prices on several titles to $10, Amazon followed at $9.99, with Walmart stepping back in at $9.98.
Continue reading Walmart, Amazon now slash DVD prices: What's next?
Posted Nov 6th 2009 11:40AM by Tom Johansmeyer (RSS feed)
Filed under: Wal-Mart (WMT), Target Corp. (TGT), Costco Wholesale (COST), Gap Inc (GPS), Nordstrom, Inc (JWN)
There's a chill in the air and a slight up-tick in confidence. Holiday discounts are coming a bit earlier, too. For retailers, this has been a great combination, leading to the second consecutive month in which retail sales increased.
This follows more than a year of drops. Consumers aren't going crazy, but they are loosening their wallets a little bit. Consumer spending accounts for 70% of the U.S. economy, and the coming holiday season is where the action is -- for the retail sector and, consequently, for everyone else.
Continue reading Retail sales: Signs of life, but not yet a rising tide
Posted Oct 30th 2009 1:00PM by Tom Johansmeyer (RSS feed)
Filed under: Competitive strategy, Wal-Mart (WMT), Amazon.com (AMZN), Target Corp. (TGT), Books
Small book retailers were buying in bulk from major online booksellers because they could really save some money. One was buying up to 70 copies of a particular title -- it was $5 less a pop from the big guys than it would have been from the publisher. Finally, however, the big retailers have become wise to the trend and taken action, according to the Wall Street Journal (subscription required).
Wal-Mart (NYSE: WMT), Amazon (NASDAQ: AMZN), and Target (NYSE: TGT) have decided to cap the number of books customers can buy online, a measure intended to prevent smaller competitors from treating them as partners. Walmart is limiting customers to two copies of a particular book, with Amazon placing the border at three and Target at five.
Continue reading Major booksellers didn't realize they were suppliers to rivals
Posted Oct 29th 2009 4:15PM by Tom Johansmeyer (RSS feed)
Filed under: Wal-Mart (WMT), Costco Wholesale (COST)
People need to eat, and Wal-Mart (NYSE: WMT) sells food. People need to cover themselves, and Wal-Mart sells apparel. You get the idea – the biggest needs may be thin-margin, and their all sure things. Wal-Mart plays in the inevitable, which makes its latest market entry a little less surprising than you might think. Wal-Mart is pushing caskets and urns – depending on how you want your remains preserved. What is a bit shocking, however, is that the brick-and-mortar player is selling its death gear online.
Wal-Mart is using its low price strategy to beat funeral homes, which have seemingly forever been the biggest sales channel for caskets. Prices start at $999 for the low end models and go up to the Sienna Bronze Casket at $3,199. Except for this last one, all models sell for under $2,000 ... and all product ships within 48 hours. The funeral homes are over a barrel on this one, since federal law requires them to accept third-party caskets.
Wal-Mart is supplied by Star Legacy Funeral Network, and both are apparently happy with the first week's sales.
The Bentonville-based retail giant is not the first to get into the gloomy business of bodies. Discount retailer Costco (NASDAQ: COST) is already in the online casket business.
Posted Oct 26th 2009 1:20PM by Tom Taulli (RSS feed)
Filed under: Competitive strategy, RadioShack Corp (RSH)
It's extremely tough to survive in the retail consumer electronics space, especially with competitors like Best Buy (NYSE: BBY) and Wal-Mart (NYSE: WMT). Yet, RadioShack (NYSE: RSH) continues to find ways push ahead.
Today, the company released its Q3 report. Revenues came in at $990 million, which was a nice beat on the Wall Street consensus (about $962 million). Net income was $37.4 million, or $0.30 per share, which compares to last year's earnings of $49.1 million, or $0.38 per share. Keep in mind that the company has increased spending on branding (for its new positioning as "The Shack," which appears to be getting traction).
Continue reading RadioShack goes mobile, beats estimates
Posted Oct 20th 2009 11:20AM by Brian White (RSS feed)
Filed under: International markets, Competitive strategy, Wal-Mart (WMT)
The international division of Wal-Mart Stores (NYSE: WMT) would rank as the fifth-largest global retailer if it were a standalone company. With sales of $100 billion, it certainly looks impressive from a sales perspective. But, Wal-Mart international has failed in quite a few markets in recent years under the then-leadership of current company CEO Mike Duke.
Recent partnerships in India and China have repaired Wal-Mart's somewhat disjointed international picture, and international operations are now given autonomy and freedom to operate as needed inside the culture of each region and country where they are located. Long gone are the days of the "big box" retailing format being simply exported to other countries. That strategy obviously does not work.
Continue reading Wal-Mart progressing in international markets -- finally
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