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Victims of Amazon

Victims of Amazon

3.65k followers9 symbols Watchlist by Yahoo Finance

This basket consists of brick and mortar who have lost considerable market share to online competition.

9 Symbols

  • Kohl's (KSS) to Report Q3 Results: Will the Retailer Continue Declining?
    Zacks

    Kohl's (KSS) to Report Q3 Results: Will the Retailer Continue Declining?

    Kohl's (KSS) will report its third quarter results before the market opens on Tuesday, November 19.

  • 3 REITs for Dividend Investors to Buy with Stock Market at New Highs
    Zacks

    3 REITs for Dividend Investors to Buy with Stock Market at New Highs

    Here are three highly-ranked REITs we found using our Zacks Stock Screener that dividend investors might want to buy with stock indexes at new highs...

  • US STOCKS-S&P 500 notches record, shakes off Cisco's gloomy outlook
    Reuters

    US STOCKS-S&P 500 notches record, shakes off Cisco's gloomy outlook

    The benchmark S&P 500 stock index posted a slim gain to end with a record closing high on Thursday, as a dour forecast from tech stalwart Cisco Systems was offset by a strong report from big box retailer Walmart. The Dow index ended barely negative, after posting a closing high on Wednesday, while the Nasdaq also ended fractionally lower.

  • US STOCKS-Wall Street slips after Cisco's gloomy outlook
    Reuters

    US STOCKS-Wall Street slips after Cisco's gloomy outlook

    Wall Street's main indexes slipped from near record levels on Thursday, as a dour forecast from tech stalwart Cisco Systems raised fresh questions about the global economy's health and overshadowed a strong report from big box retailer Walmart. Cisco shares tumbled 7.8% after the network gear maker forecast second-quarter revenue and profit below expectations as increasing global economic uncertainties kept clients away from spending more on its routers and switches.

  • Walmart E-Commerce Growth, Economic Overview & Buy PLOW Stock - Free Lunch
    Zacks

    Walmart E-Commerce Growth, Economic Overview & Buy PLOW Stock - Free Lunch

    The latest U.S.-China trade war setback. Walmart's blowout quarterly earnings and early Disney+ success. Other quarterly results. And why Douglas Dynamics (PLOW) is a Zacks Rank 1 (Strong Buy) stock at the moment...

  • Walmart Retreats From Record as Investors Poke Holes in Earnings
    Bloomberg

    Walmart Retreats From Record as Investors Poke Holes in Earnings

    (Bloomberg) -- Investors in the retail industry are a tough crowd. Just ask Walmart Inc., which matched sales growth estimates, raised its forecast -- and watched its shares drift lower in midday trading as analysts picked over the numbers.The shares fell as much as 1.2% on Thursday afternoon after earlier hitting a record high. What changed? After all, the key gauge of same-store sales was in line with expectations -- the 21st consecutive gain. Both the number of customers and the size of their average orders were up, fueling the growth.But concerns remain, including persistent weakness at Sam’s Club, which lacks a leader, the high cost of new initiatives and slow progress in diversifying sales beyond groceries. Walmart also kept its sales guidance intact, disappointing some analysts.“Overall we view the result as disappointing,” Mark Astrachan, an analyst at Stifel, said in a note.Even with Thursday’s decline, the shares have had a great 2019. They’re up 29% for the year, compared with a 23% gain for the S&P 500. The reaction to earnings reflects the broader anxiety on Wall Street about whether stocks at record highs have much more room to run.More Non-FoodChief Financial Officer Brett Biggs said in prepared remarks that the company’s online unit needs to sell more general merchandise, which delivers better margins than bread and bananas. This sentiment was echoed by experts.“Walmart needs to improve its position in non-food,” Neil Saunders, an analyst at GlobalData Retail, said in a note. “Progress is slower than Walmart would like.”On a call with reporters, e-commerce chief Marc Lore said the company is trying to improve sales of home decor and apparel, like its recent re-launch of the Scoop fashion brand.Sam’s TroublesSam’s Club, the company’s warehouse division that accounts for about 11% of its revenue, is still a sore spot. Comparable sales there rose only 0.6%, just one-third the pace analysts surveyed by Consensus Metrix had been expecting, due largely to reduced sales of tobacco. Profit also declined due to price cuts and technology investments, the company said.Performance at Sam’s was “surprisingly weak,” RBC Capital Markets analyst Scot Ciccarelli said.The warehouse chain is also still without a leader a month after Sam’s CEO John Furner was tapped to replace Greg Foran as head of Walmart’s U.S. stores division. The executive shuffle and a re-organization of the company’s web operations over the summer have created unwelcome uncertainty entering the holiday season. The key period will be compressed this year by six days, putting pressure on Walmart, Target Corp. and others to reach shoppers early.No Guidance OverhaulWalmart now sees full-year adjusted earnings per share increasing slightly compared to last year, after saying in August either a slight decrease or slight increase was possible. This is the second time this year Walmart has upgraded its outlook.Also, comparable sales excluding gas for Walmart stores in the U.S. rose 3.2% in the period, beating analysts’ 3.1% growth estimate and marking the 21st straight gain.Still, the muted share reaction shows that Walmart can’t help but get roped into the underlying gloom enveloping the sector. Earlier this month, Moody’s cut its expectations for the entire U.S. retail industry, citing “intense competition in the fight for market share.”\--With assistance from Janet Freund.To contact the reporter on this story: Matthew Boyle in New York at mboyle20@bloomberg.netTo contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • US STOCKS-Cisco's dour outlook weighs on Wall Street
    Reuters

    US STOCKS-Cisco's dour outlook weighs on Wall Street

    U.S. stocks dipped on Thursday, weighed down by technology shares after Cisco's weak forecast raised worries of a slowdown in global economic growth, overshadowing strong results from big box retailer Walmart. The pullback in the benchmark S&P 500 and blue-chip Dow Jones Industrial Average came a day after they closed at record highs. Cisco Systems Inc tumbled 7.7% after it warned current-quarter revenue would drop 3% to 5% amid declining global spending on its routers and switches, some of which are made in China.

  • GBP/USD, EUR/GBP, USD/CAD – Limited Movement in the Markets
    FX Empire

    GBP/USD, EUR/GBP, USD/CAD – Limited Movement in the Markets

    GBP/USD has posted slight gains, shrugging off a weak U.K. retail sales report. EUR/GBP and USD/CAD are showing little movement.

  • S&P 500 creeps up to another record close
    Reuters Videos

    S&P 500 creeps up to another record close

    It was a day of largely running in place on Wall Street. All three major stock indices were very little changed but the S&P 500 still crept up to a record closing high. National Securities chief market strategist Art Hogan: SOUNDBITE (ENGLISH): NATIONAL SECURITIES CHIEF MARKET STRATEGIST ART HOGAN, SAYING: "I think the only thing that we have to be concerned about is the fact that we've gotten to where we are pretty quickly. We've had a great five or six weeks where the market has gotten to all-time highs and it hasn't taken much of a breather." Walmart kicked off earnings season for the nation's big retailers. Results were better-than-expected on a number of metrics. A lot of the strength came from grocery shopping. Online sales were solid as well. Walmart boosted full-year forecasts ahead of the holidays. But the stock finished lower after hitting an all-time high. Cisco Systems was a drag. The stock fell 7 percent after its somber forecast renewed investor concerns about global business spending, which has been held down due in part to trade uncertainties and political tension like Brexit and protests in Hong Kong. Wall Street got another whiff of inflation. This time, producer prices saw their biggest jump in six months, led by the largest surge in healthcare costs since 2009. Economists, however, don't expect that to alter the Fed's neutral stance on interest rates.

  • Walmart lifts outlook, El Paso store reopens
    Reuters Videos

    Walmart lifts outlook, El Paso store reopens

    EDITORS NOTE: ADDS INFORMATION ON REOPENING OF STORE IN EL PASO, TEXAS. Walmart spreading some pre-holiday cheer. Domestic same-store sales at the world's largest retailer rose for the 21st straight quarter and beat analysts expectations. Walmart grew its market share in food and groceries as shoppers spent more money at its stores. What's more, the company sees the momentum continuing, lifting its annual earnings forecast. Its CFO said the consumer remains in "pretty good shape" - comforting words for a Wall Street concerned about the risks of a recession. Walmart also managed to buck the impact of tariffs on Chinese goods. Analysts point out that the retailer earns more than half of its revenue from sales of food and groceries, enabling it to manage the pressure from tariffs better than many of its rivals. President Donald Trump used Walmart's results to argue that the tariffs he slapped on China have had little impact on consumers, tweeting, "Walmart announces great numbers. No impact from Tariffs." Online sales rose 41%, but it wasn't all rosy. Walmart's online expansion has come at a cost to profitability. Its investment in its e-commerce business drove down operating income. But investors overlooked that, sending Walmart's shares higher in early Thursday trading. Later in the morning in El Paso, Texas, employees cheered as they welcomed back customers to the Walmart store that was the site of a massacre that killed 22 people.. Three months after the attack, The vast majority of the store's 400 employees are returning to work at that location.

  • Walmart raises earnings forecast ahead of holidays
    Reuters Videos

    Walmart raises earnings forecast ahead of holidays

    Walmart spreading some pre-holiday cheer. Domestic same-store sales at the world's largest retailer rose for the 21st straight quarter and beat analysts expectations. Walmart grew its market share in food and groceries as shoppers spent more money at its stores. What's more, the company sees the momentum continuing, lifting its annual earnings forecast. Its CFO said the consumer remains in "pretty good shape" - comforting words for a Wall Street concerned about the risks of a recession. Walmart also managed to buck the impact of tariffs on Chinese goods. Analysts point out that the retailer earns more than half of its revenue from sales of food and groceries, enabling it to manage the pressure from tariffs better than many of its rivals. President Donald Trump used Walmart's results to argue that the tariffs he slapped on China have had little impact on consumers, tweeting, "Walmart announces great numbers. No impact from Tariffs." Online sales rose 41%, but it wasn't all rosy. Walmart's online expansion has come at a cost to profitability. Its investment in its e-commerce business drove down operating income. But investors overlooked that, sending Walmart's shares higher in early Thursday trading.