Tag: Retail – Consumer Staples

Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, with people buying more groceries and merchandise online and at its stores, a sign that it may be gaining market share ahead of the holiday season.

A son of the founder of the Japanese retail giant that owns the 7-Eleven convenience-store chain has proposed a buyout of the holding company, the latest twist in a global standoff between the Japanese company and the Canadian owner of Circle K, which has proposed its own takeover deal.

Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows, with retailers including Walmart bringing in less holiday product ahead of what is expected to be a so-so holiday season.

Peloton’s stationary bikes will soon sell at Costco’s stores and on its website as the beleaguered fitness company looks for new ways to reach younger and affluent customers, Peloton is set to announce Tuesday.

Walmart Inc. will start delivering prescriptions to US homes in as little as 30 minutes, a move that’s intended to grab a bigger slice of online spending and compete against Amazon.com Inc.

CVS Health Corp.’s stock tumbled 10.5% early Friday, after the healthcare company announced leadership changes and lowered guidance for the fourth time this year, weighed down by challenges in its health-benefits business.

Shares fell 4.8% in morning trade to 274.20 pence a share. Year-to-date the shares are down 9.4%.

Costco Wholesale ’s September sales show that the retailer is still firing on all cylinders, and that a bit of concern among consumers can help.

Canada’s Alimentation Couche-Tard (ACT)  has made a revised bid for Seven & i Holdings, the Japanese company said on Wednesday, which two people familiar with the matter said hiked the offer by 22% to about $47 billion.

CVS Health’s board has engaged advisors to conduct a strategic review of its business, according to people familiar with the matter, as the company contends with potential activist pressure and a severely depressed stock price.

Glenview Capital, a major CVS Health shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, a potential precursor to an activist push.

Revenue of $79.7 billion was a hair shy of consensus calls for $79.9 billion. Same-store sales, a metric measuring sales growth at stores open more than a year, increased 5.4% from a year ago, falling short of estimates calling for a 5.7% increase.

Kroger Co.’s stock rose 1% premarket Thursday, after the grocery chain beat profit estimates for the second quarter to offset sales that fell slightly short.

Shares of Seven & i Holdings fell on Wednesday following a report that the U.S. Federal Trade Commission has informed the Japanese retail giant about a potential investigation into a possible deal with Canada’s Alimentation Couche-Tard.

The wholesale club’s net sales at rose by 7.1% year over year to $19.8 billion in August, dovetailing a 7.1% increase in July.

 Japanese retail giant Seven & i Holdings said on Friday it had turned down Canada’s Alimentation Couche-Tard’s $38.5 billion cash bid, rejecting an offer that would be the largest-ever foreign buyout of a Japanese company.

Dollar General shares tumbled on Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting its lower-income customers are struggling in this economy.

Internal talks on blocking takeover attempt by Canada’s Couche-Tard comes despite official moves to look at best value for investors

Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its stores.

Walmart Inc. raised about $3.6 billion by selling its stake in Chinese e-commerce firm JD.com Inc., winding down an eight-year partnership that appears to be paying diminishing returns amid a challenging landscape for Chinese tech giants.