Walmart says tariffs are raising costs
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Walmart, Stocks
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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.
Target also imports about half of its merchandise, compared to roughly 33% at Walmart, so it needs to raise prices at almost double the rate of Walmart to mitigate the tariff impact, Bank of America analyst Robert Ohmes said in a report this week.
But today's focus is on the state of retail, with Walmart (WMT) reporting a mixed second quarter and Target (TGT) delivering another weak quarter on Tuesday. Both of these earnings reports couldn’t have been more different, though each clearly showed the ...
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.
Shares of Walmart are trading more than 5% lower following the world’s largest retailer’s quarterly earnings release. The results, announced this morning, triggered a selloff that pushed the stock below key technical support levels.
Walmart on Thursday raised its fiscal year sales and profit forecast, driven by strong demand from shoppers across all income levels, who have turned to the world's largest retailer as they worry about rising costs.
In 2025, Walmart has been a clear outperformer, up 12%, while Target has slumped 22%. Technicians tend not to believe too much in mean reversion, because once trends are in motion, they are more likely to remain in place rather than reverse. Expect this dynamic to continue.
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