Published: Fri, May 19, 2017
Money | By Armando Alvarado

Markets Right Now: Stocks recover ground a day after slump


USA e-commerce sales surged 63% in the first quarter, including sales from Jet.com Inc. and other recent e-commerce acquisitions. The company also noted that its customer traffic rose in the quarter, unlike other major retailers like Macy's and Target.

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. Vetr upgraded shares of Wal-Mart Stores from a "hold" rating to a "buy" rating and set a $75.31 price target on the stock in a report on Monday, March 27th. Even off-price retailer TJX Cos., which has done better than many as customers hunt for bargains, missed forecasts for that sales measure.

Meanwhile, Wal-Mart has leaned heavily into its online efforts and improved stores to compete. USA retailers are closing stores at a record pace this year in the face of online competition and overbuilding. Research firm RetailMetrics, which tracks results from more than a hundred chains, said overall they are expected to record a flat increase in revenue at established stores for the quarter, the worst performance since the third quarter of 2009. Wal-Mart's financial reports do not break out revenues for e-commerce sales. It has retooled how it operates online and accelerated that shift with its acquisitions. Its acquisition of Jet.com in 2016 has picked up online retail startups such as Moosejaw, Modcloth, Shoebuy and is in "talks" with clothing retailer Bonobos. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company.

Wal-Mart said it now offers 50 million items through its website, up from 35 million in the last quarter and 10 million from the same time past year. The majority of the online sales growth was organic through Walmart.com. "As a company, we're moving with speed and executing against the strategy we've outlined".

On the other hand, president and CEO, Walmart eCommerce U.S., said, "Customers are placing more repeat orders and spending more". Target is now using about 1,000 stores for direct shipping in a bid to match Amazon's free, two-day delivery available to its Prime customers.

Payments, video messages and quick view arrive in the Telegram update
The Telegram v4.0 now boasts bot-channeled payments, Instant View platform, and access to video message for non-Telegram users. Users can try out @ShopBot which is a demo bot as well as @TelegramDonate bot for testing a real payment with actual money.

Walmart.com now boasts 50 million SKUs, and growing, Lore said on a call with journalists, adding that Wal-Mart is very pleased with its growing assortment of food and essentials online. Wal-Mart Stores, Inc. has far performed well this year, with the share price up 10.21% since January. Glassman Wealth Services increased its position in shares of Wal-Mart Stores by 68.3% in the first quarter. Traffic and sales are booming at stores as a renewed emphasis on low prices has lured shoppers back.

Lidl, a German discount grocer, announced Wednesday that its first 20 USA stores would open June 15 in the Carolinas and Virginia, with another 80 slated to open within the year.

He's replaced the clunky handheld bar-code scanners used by employees since 1984, opened training facilities for 200,000 workers, and freed store managers from the backroom to spend more time on the sales floor. Itau Unibanco Holding S.A. purchased a new stake in shares of Wal-Mart Stores during the third quarter valued at $104,000. Its last month's stock price volatility remained 1.33% which for the week stands at 0.95%. The results beat Wall Street expectations of 96 cents per share, according to a poll by Zacks Investment Research.

Results: EPS edged up to $1 a share as revenue rose to $117.54 billion. Quadrant Capital Group LLC now owns 4,080 shares of the retailer's stock worth $279,000 after buying an additional 1,137 shares during the last quarter.

Like this: