• 4 months ago
Walmart's strong quarterly results, combined with a positive July Retail Sales report, have lifted market sentiment, according to Zacks Equity Research. The company's growing digital presence and success in attracting higher-income households drive its market share gains. Although the retail sector faces challenges, Walmart's resilience and strategic shifts, including AI use, signal a robust outlook. Walmart's strong performance offers some positive indicators for Target, especially in non-essential merchandise. However, Target faces challenges due to its heavier reliance on discretionary spending, which has declined in the post-COVID environment.
Transcript
00:00It's Benzinga and here's what's on the block.
00:03Walmart's strong quarterly results combined with a positive July retail sales report have
00:07lifted market sentiment, according to Zacks' Equity Research.
00:10The company's growing digital presence and success in attracting higher-income households
00:15are driving its market share gains.
00:17Although the retail sector faces challenges, Walmart's resilience and strategic shifts
00:21including AI use signal a robust outlook.
00:25Walmart's strong performance offers some positive indicators for Target, especially in non-essential
00:29merchandise.
00:30However, Target faces challenges due to its heavier reliance on discretionary spending,
00:35which has declined in the post-COVID environment.
00:37For all things money, visit Benzinga.com.

Recommended

0:45
I
Up next
Target Shares Fall to 52-Week Low While Walmart Hits All-Time High in Diverging Earnings Reports
Benzinga
0:39
Walmart Surpasses Earnings Expectations, Raises Annual Guidance, as Inflation Drives 'Value-Seeking' Customers
Benzinga
0:37
Target's Cautious Outlook and Macy's Sales Drop as Consumers Feel Stressed and Seek Out Value
Benzinga
0:37
Target Raises Profit Guidance After Q2 Growth, Credits New Merchandise and Loyalty Programs
Benzinga
1:31
Walmart Announces Layoffs of Corporate Employees
Wibbitz Top Stories
0:39
Target Beats Q2 Earnings Forecast, but Weak Sales Prompt Guidance Downgrade"
Benzinga
1:47
Walmart continues to benefit as consumers resist high prices
The Street
0:43
Target Misses Q3 Earnings and Revenue, Cuts Full-Year Profit Guidance Despite Price Cuts on 10,000 Items to Attract More Shoppers
Benzinga
0:44
Target, Walmart, and McDonald's Slash Prices to Tackle Soaring Inflation
Benzinga
0:45
Expert Fund Manager Jeremy Grantham Warns of 50% Stock Market Decline, Advises Investors to Stay Away from Overvalued U.S. Stocks
Benzinga
0:34
Temu Parent PDD Holdings Plummets Nearly 30% After Disappointing Q2 Results. Analyst Says, 'Panic Was Overblown' and May Present a Promising Investment Opportunity
Benzinga
0:35
Gap Surpasses Wall Street Projections, Increases Annual Sales Outlook As It Goes Into A Promising Holiday Season
Benzinga
1:51
Target to close stores in four major cities due to theft
The Street
0:35
H&M Shares Tumble After Missing Profit Forecast, Dropping 2024 Margin Target. CEO Daniel Ervér Faces Pressure in First Year as Chief Exec
Benzinga
0:34
Megacap Tech, Post-Election Rally Propel S&P 500 Toward Record Annual Growth Rising 24% YTD
Benzinga
0:40
Victoria's Secret Boosts Annual Outlook After Beating Revenue Projections
Benzinga
0:42
Abercrombie Posts Sixth Straight Quarter Of Double-Digit Growth. Holiday Outlook Outpaces Analyst Projections.
Benzinga
0:32
Walmart Raises Full-Year Forecast Amid Early Holiday Shopping Surge
Benzinga
0:50
Target Set To Recruit 100K Seasonal Employees Despite Anticipated Slow Holiday Sales
Benzinga
0:40
Dollar General and Dollar Tree Struggle As Inflation Shifts Consumer Behavior
Benzinga
0:37
Dollar General Shares Dive 25% After Slashing Sales Outlook, Cites Struggles Among Its Lower-Income Customers
Benzinga
0:39
Nvidia Shares Drop 6% After Reporting Record Revenues. Can the Chip Giant Sustain Its Dominance?
Benzinga
1:03
Kohl's Corp. first quarter sales decline 5.2% and are 'below expectations' - 1breakingnews.com
1BN
0:30
Affirm's Shares Jump 16% After Strong Fiscal Q4 Performance Exceeds Expectations. Will Its Partnerships with Apple and Amazon Propel Growth?
Benzinga
0:36
American Eagle's First-Quarter Net Income Quadruples, but Revenue Growth Falls Short of Expectations
Benzinga