Walmart's (WMT) acceptance of WeChat Pay method of payment is likely to enhance customers' convenience and strengthen business.
Walmart's (WMT) deal with Handy is aimed at solving issues related to installation and assembling, which in turn is expected to enrich consumers overall shopping experience.
Walmart (WMT) announces plans to expand grocery delivery services to more than 100 metro regions in the United States.
Two reasons why small-cap healthcare stocks and ETFs could be winners in the coming days.
Update: Reutersis reporting that Trump is planning to impose tariffs on $60 billion of Chinese imports. The tariffs will primarily target technology and telecommunications imports - but would not be expressly limited to these sectors, according to one source. Politico reported earlier that Trump rejected a plan for imposing $30 billion in tariffs on Chinese imports, saying they weren't big enough. * * * Just when investors thought President Trump might be easing up on his protectionist push following the uproar caused by his decision to slap tariffs on steel and aluminum imports, Politico is reporting that Trump's next trade salvo will be explicitly directed at China. According to Politico, Trump last week told Cabinet secretaries and top advisers during a White House meeting that he wants to hit China with steep tariffs and other restrictions as retaliation for Chinese policies blatantly designed to siphon valuable intellectual property from US companies. The measures would be a follow up to an order issued by Trump over the summer, when he ordered the Commerce Department to launch an investigation into Chinese IP theft, using an obscure law that was frequently employed by the Reagan administration. * * * As we explained back in August, with total bilateral trade of more than half a trillion dollars a year, the list of potential losers from Trump's protectionist policies is notably lengthy: U.S. companies such as Apple Inc., which assemble their products in China for sale in the U.S., and those tapping demand in China’s expanding consumer market. U.S. agricultural and transport-equipment firms, which meet China’s demand for soy beans and aircraft. Manufacturing firms from the U.S. that import intermediate products from China as an input into their production process. Retailers including Wal-Mart Stores Inc. and the U.S. consumers that benefit from low-price imported consumer electronics, clothes and furniture. Other trade partners caught in the crossfire of poorly-targeted tariffs. On steel, for example, U.S. direct imports from China account for less than 3% of the total -- below Vietnam. * * * During the as-yet-unreported meeting, US Trade Representative Robert Lighthizer reportedly presented Trump with a package of tariffs that would target the equivalent of $30 billion a year in Chinese imports. In response, Trump urged Lighthizer to aim for an even bigger number, and warned everybody present that they should prepare for an announcement during the coming weeks. That sent senior officials at the White House, Treasury Department, State Department, Justice Department, the Office of the U.S. Trade Representative and other key agencies scrambling this week to finalize the proposal. While the details were still in flux, aides said the administration is considering tariffs on more than 100 Chinese products ranging from electronics and telecommunications equipment to furniture and toys. Shortly after Trump authorized the tariffs, trade experts speculated that the steel and aluminum tariffs might not elicit a response from China - despite senior Chinese officials' stern threats of retaliation - because China's industrial sector doesn't directly send that much steel to the US (instead, it funnels its wares into other countries, where they help drive global metals prices lower). However, we noted at the time that China could be considerably more enraged if the administration slaps tariffs on finished Chinese goods, like, for example, toys. And if the Politico report is accurate, it appears that Trump is poised to do just that: "Steel tariffs are one thing. Taking on the entire Chinese industrial policy apparatus that is designed to suck technology out of the world is another,” said one outside adviser to the administration who has been briefed on the planning and was not authorized to speak on the record. An investigation conducted in 2011 by the International Trade Commission found that China's intellectual property theft had cost US producers nearly $26 billion in losses in 2009 on copyrighted material alone. Another study from the US software industry in 2011 put software theft losses as high as $60 billion. Furthermore, Visa restrictions being mulled over by Trump could stem the influx of Chinese undergraduate and graduate students pouring into US universities... The visa restrictions could hit Chinese students going to school in the United States, especially graduate students in science and technology programs, as well as other Chinese nationals working in sensitive jobs like at national laboratories. But some administration officials have raised objections to the visa restrictions and it’s unclear whether they’ll be included in the final package. Even before the Politico report - which added to investors' worries about Trump taking a harder line on trade - the Nasdaq led the market lower as investors worried that Trump's decision to replace Secretary of State Rex Tillerson with CIA Director Mike Pompeo could signal that he's taking a harder line on trade and national security - the reason he cited for quashing Broadcom's pursuit of Qualcomm... and additional Section 301 concerns. China accounts for roughly half of the US's $800 billion trade deficit in physical goods. Nikkei reports that, after delivering a proposal to the president about imposing more tariffs and restrictions on China, US Trade Representative Robert Lighthizer has reportedly been pressuring US allies to impose their own trade restrictions against China. However, his requests have been met with only a lukewarm response - largely because allies like Japan don't have an equivalent to Section 301 of the Trade Act of 1974. The Office of the U.S. Trade Representative sent a proposal to the White House seeking tariffs on various Chinese products, restrictions on investment in the U.S. by Chinese companies and limits on visas for certain Chinese nationals, a source familiar with international trade said. Tariffs would apply not only to information technology products, often the target of intellectual property theft, but also consumer goods like clothing. ... But Tokyo rejected the proposal, saying hard-line policies will be difficult to adopt since Japan has no law resembling Section 301, according to a U.S. trade official. Japan instead proposed filing a joint suit against China within the World Trade Organization framework, the official said. ... The USTR is also urging allied countries to take similar measures against China. The office has asked nations such as Japan, which has long opposed China's intellectual property practices, to synchronize their policies. As we pointed out earlier this month, the rumor floating around Washington is that the White House will seek $1 trillion in Section 301 tariffs.
While SUPERVALU (SVU) consistently undertakes measures to sustain the Wholesale segment's growth momentum, it is also on track with efforts to revive retail performance.
Amazon's (AMZN) prime user base is likely to increase from making the Prime Pantry service a subscription based model.
Weight Watchers (WTW) just announced a new line of retail kitchenware and meal-prep kit offerings as part of a larger goal to expand beyond its membership-based weight-loss program.
Kroger (KR) has been trying all means to overcome stiff competition. The company's "Restock Kroger" program is gaining traction.
After delivering three straight quarters of earnings beat, Costco (COST) missed on earnings in the second quarter. Notably, both the top and bottom lines registered double-digit growth year over year.
Shares of Amazon (AMZN) sunk 1% on Wednesday morning after one of the e-commerce power's longest-serving executives left the company to a take a roll at Airbnb. However, Amazon shares have since rebounded after reports surfaced that it invested in another home electronics startup and will offer steep discounts on its Prime membership to select customers.
Target (TGT) looks sure of making a turnaround and has massive expansion plans that include increasing minimum wages to investment in shipping and drive up delivery services.
The Zacks Analyst Blog Highlights: Target, Walmart and Amazon
To keep up with the trend, retailers are ready to go the extra mile, undertake strategic partnerships and buyouts as well as make prudent investments. Target (TGT) is no exception in this regard.
The potential decline of the grocery industry, thanks in part to Amazon (AMZN) and other e-commerce-based delivery services, has been heavily speculated about recently. Traditional grocery chains and big-box giants have, however, fought back.
Shares of Target (TGT) slipped over 5% on Tuesday morning after the company reported fourth-quarter earnings that fell short of analyst expectations, with growth initiatives placing a significant strain on its bottom line.
Walmart (WMT) recently introduced a completely new line of kitchen products in collaboration with Buzzfeed's Tasty. Notably, Tasty is the biggest social food channel worldwide.
Zacks Industry Outlook Highlights: Amazon, Wal-Mart, Target and Rite Aid