DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Simeon Gutman"


4 mentions found


☆ Kroger agrees to buy rival grocery company Albertsons for $24.6 billion
  + stars: | 2022-10-14 | by ( Melissa Repko | Melissa Repko Is A Retail | Consumer Reporters For Cnbc.Com. | ) www.nbcnews.com   time to read: +3 min
The companies said Kroger agreed to buy Albertsons for $34.10 a share in a deal valued at $24.6 billion. The tie-up comes during a challenging time in the grocery industry. The grocery industry is highly fragmented. Albertsons’ share was about 5%. Consolidation in the grocery industry has not historically paid off in the form of higher profits, he said.
☆ Walmart+ could be worth $45 billion as estimated subscriber base grows, Morgan Stanley says
  + stars: | 2022-10-11 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Walmart 's subscription business could be worth around $45 billion dollars alone as estimates show a jump in interest, according to Morgan Stanley. Analyst Simeon Gutman said the strength of Walmart+ may not be fully reflected in the stock's current trading value. The firm has a price target of $150 on the big-box retailer, which represents about 16% upside from Monday's close. Gutman said Walmart+ could be worth $45 billion on a stand-alone basis, which would add about $17 to the company's share price if the service wasn't priced in on its current value. Walmart+ is believed to have about 18.6 million subscribers after adding 1.8 million from the last estimate published in early September, according to Morgan Stanley's AlphaWise survey.
☆ Expect retail earnings from companies such as Walmart, Target to miss the mark, Morgan Stanley says
  + stars: | 2022-08-10 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +2 min
A slew of retail companies including Walmart, Home Depot and Lowe's post quarterly results next week, and Morgan Stanley is bracing for some rough reports. Given this backdrop, Greenberger expects weaker-than-expected earnings from companies across the board. "Yet as Q2 Mega Cap earnings approach, about half the companies in our coverage have already lowered their '22 outlooks. Morgan Stanley is bracing for potential downward guidance revisions from many companies including Walmart, Lowe's and Target. Target and Lowe's are set to report earnings Wednesday.
☆ Retailers Stuck With Too Much Inventory Face Risky Decisions
  + stars: | 2022-06-03 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +8 min
In the past two weeks, retailers have shown that the anticipated, but hard to time, cooling in consumer demand for goods has arrived. And many retailers reported holding more inventory than they'd like — and the goods they have might not be the ones they need now. Several retailers mentioned late deliveries of spring merchandise, which compounded their inventory glut when mixed with the cooling demand. Quite literally, it means to pack inventory away to sell when its season comes back around. On top of the risk that the product may not be attractive in the future, holding inventory means paying for storage.
<< prev 1 next >>
Total: 4