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November 27, 2021

Discount store and superstore operators

Sticker shock over holidays could shake up how retailers, consumers think about sales

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CNBC – For more and to sign up click here Shoppers looking at Macy’s Black Friday specials in Maumee, Ohio, November 27, 2020. Stephen Zenner | SOPA Images | LightRocket | Getty Images Keith Fitzgerald has gone to extreme lengths this holiday season to make sure he gets the perfect......

With 30-year high inflation, investors reward the retailers willing to hike prices for shoppers

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CNBC – For more and to sign up click here A shopper visits Macy’s flagship store in New York, May 20, 2021. Eduardo Munoz | Reuters A round of major retail earnings this week revealed a stark divide in the industry between the retailers that are trying to keep prices......

Target is set to report its earnings before the bell. Here’s what to expect

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CNBC – For more and to sign up click here People walk in front of Target store on March 02, 2021 in New York. Emaz | Corbis News | Getty Images Target is set to report its fiscal third-quarter earnings before the bell Wednesday, as the holiday season gains momentum......

Walmart says it’s ready for holidays — but hasn’t yet seen huge wave of early shoppers

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CNBC – For more and to sign up click here Jonathan Mary fixes the sign indicating that there are 30 more days until Christmas at a Walmart store in Miami, Florida.  Joe Raedle/Getty Images For Walmart, the delay of holiday promotions could be a strategic one. Walmart drummed up more......

Walmart CEO Doug McMillon says inflation is opportunity to beat competitors on price

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CNBC – For more and to sign up click here As the cost of groceries and household goods rises, Walmart CEO Doug McMillon said the big-box retailer will lean into its longtime strategy: undercutting rivals on price. In an interview Tuesday with CNBC’s “Squawk on the Street,” he said the......

Walmart is about to report earnings. Here’s what to expect

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CNBC – For more and to sign up click here A shopper carries a bag outside a Walmart store in San Leandro, California, on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Walmart will report its fiscal third quarter earnings before the bell Tuesday. The retail......

Sales of pregnancy tests are on the rise. That’s good news for retailers like Walmart and Target, Bank of America says

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CNBC – For more and to sign up click here A woman wears a face mask while shopping for a baby shower gift during the Covid-19 pandemic, at Madison’s Niche boutique in Huntington, New York on April 21, 2021. Alejandra Villa Loarca | Newsday | Getty Images A millennial-fueled baby......

Food companies could see $3 billion in monthly sales vanish, as low-income households get squeezed

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CNBC – For more and to sign up click here A sign alerting customers about SNAP food stamps benefits is displayed at a Brooklyn grocery store on December 5, 2019 in New York City. Scott Heins | Getty Images Shoppers who get federal food assistance have fueled double-digit growth for......

Costco brings back purchase limits on toilet paper, cleaning supplies and more

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CNBC – For more and to sign up click here People shop for toilet paper at a Costco store in Novato, California on March 14, 2020. Josh Edelson | AFP | Getty Images Costco Chief Financial Officer Richard Galanti said Thursday the company wants to make sure it has essential......

Target expects its staff to work 5 million more hours this holiday season

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CNBC – For more and to sign up click here Target said Thursday that it is taking a different staffing approach this holiday season as it gears up for a rush of shoppers at stores and on its website: It will trim back seasonal hires and give more hours to......

Walmart hikes hourly pay by $1 for more than 550,000 workers ahead of the holidays

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CNBC – For more and to sign up click here Florida, Miami, Walmart discount department store, check out lines. Jeff Greenberg | Universal Images Group | Getty Images Walmart said Thursday that it is raising the hourly wages for more than 565,000 store workers by at least $1, as the......

Walmart aims to hire 20,000 supply chain employees as it ramps up for the holiday season

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CNBC – For more and to sign up click here A shopper loads items into a vehicle outside a Walmart store in San Leandro, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Walmart said Wednesday it plans to hire 20,000 employees to help......

Dollar stores are facing a ‘tough ride’ — but one stock may be close to bottoming out

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CNBC – For more and to sign up click here Dollar store stocks are feeling the heat. Heavyweights Dollar Tree and Dollar General reported earnings this week that disappointed investors, with Dollar Tree’s stock falling to lows not seen since November 2020. The companies cited ongoing supply constraints and said......

Target CEO Brian Cornell quells fears about out-of-stocks this holiday season

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CNBC – For more and to sign up click here Target CEO Brian Cornell is confident the big-box retailer will have plenty of merchandise this holiday season, despite industrywide supply chain complications that have sparked worries that items could quickly sell out of stock. Target’s inventories were up $2.5 billion......

Walmart earnings top estimates fueled by strong grocery sales and back-to-school spending

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CNBC – For more and to sign up click here A shopper wearing a protective mask shops in a Walmart store on May 18, 2021 in Hallandale Beach, Florida. Joe Raedle | Getty Images Walmart‘s second-quarter earnings exceeded Wall Street’s expectations on Tuesday as the retail giant gained ground in......

Sam’s Club unveils pilot where shoppers scan purchases and have items shipped home

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CNBC – For more and to sign up click here Shoppers stock up on merchandise at a Sam’s Club store on January 12, 2018 in Streamwood, Illinois. Scott Olson | Getty Images For Sam’s Club shoppers, a trip to the store typically means lugging home big and often cumbersome items.......

Dollar General hires chief medical officer, as it looks to become a health-care destination in rural areas

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CNBC – For more and to sign up click here A customer enters a Dollar General Corp. store in Colona, Illinois, U.S., on Wednesday, Sept. 10, 2014. Daniel Acker | Bloomberg | Getty Images Dollar General said Wednesday that it has hired its first chief medical officer and will add......

Parents are preparing to pay more this back-to-school season as inflation hits wallets, KPMG survey finds

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CNBC – For more and to sign up click here A worker stocks shelves of back-to-school supplies at a Target store on August 03, 2020 in Colma, California. Justin Sullivan | Getty Images News | Getty Images Parents are preparing to pay up this back-to-school season, as prices on items......

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