BJ’s Wholesale, Costco and Sam’s rival, will open clubs in Southeast

A BJ’s Wholesale Club is shown in Falls Church, Virginia, May 23, 2023. Win Mcnamee | Getty Images BJ’s Wholesale Club said Wednesday that it will open four clubs in the Southeast and one in the Midwest this year, as it tries to expand and attract members in other parts of the country in a … Read more

Biden admin is expanding an effort to track supply chain in real time

The Biden administration is expanding a freight data partnership with major U.S. companies to track the movement of goods in real time. On Wednesday, the Department of Transportation is announcing that its digital platform for supply chain monitoring, Freight Logistics Optimizations Works (FLOW), is being expanded to capture and publish data on inland freight ports, … Read more

Amazon and other retailers hit by refund fraud costing them billions

A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Just before midnight on May 4, 2023, police were called to an Amazon warehouse in Chattanooga, Tennessee, to investigate a reported theft.  They were met by a loss prevention employee, who directed … Read more

Why Walmart’s quick success in gen AI search should worry Google

Doug McMillon, chief executive officer of Walmart Inc., left, and Satya Nadella, chief executive officer of Microsoft Corp., during the 2024 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 9, 2024.  Bloomberg | Bloomberg | Getty Images Planning purchases for a special occasion like recent Super Bowl parties or Valentine’s Day celebrations might … Read more

This veteran investor is buying ‘old economy’ stocks that are embracing AI

Artificial intelligence isn’t only benefiting technology companies. A host of stocks in other industries also stand to gain, according to Nancy Tengler, chief executive officer and chief investment officer of Laffer Tengler Investments. While shares of megacap technology companies such as Nvidia and Meta Platforms have soared on hopes that AI will usher in new technological … Read more

Costco sales did not clear high bar, but other financials move in right direction

Costco Wholesale reported solid fiscal 2024 second-quarter results after Thursday’s closing bell, but the stock fell in extended trading due to a slight miss on sales and margins. Given their recent run-up, we would expect that pressure on shares to continue Friday. However, the quarter wasn’t thesis-changing to the powerful Costco business model that excels … Read more

Walmart, Target and Kroger compete on grocery delivery

As retailers compete for grocery shoppers, some of the big names in the business have zeroed in on the same strategy: get deliveries to customers’ doors quickly. This week, Target announced a new paid membership program with free same-day home deliveries as a key perk. Walmart expanded its same-day delivery offering to allow shoppers to … Read more

Mattel Barbie strategy can revitalize American Girl, Fisher-Price, CEO says

Margot Robbie is Barbie in Warner Bros.’ “Barbie.” Warner Bros. If there’s one thing Mattel CEO Ynon Kreiz wants shareholders to take away on Thursday, it’s the power of Barbie. As the toymaker faces activist pressure from Barington Capital, particularly around its strategy with the Fisher-Price and American Girl brands, it’s putting forth Barbie as … Read more

Target launches paid membership Target Circle 360

A Target store in New York, US, on Monday, March 4, 2024.  Shelby Knowles | Bloomberg | Getty Images Target on Tuesday said it will launch a paid membership program next month, riffing off the playbook of its rivals Amazon and Walmart. The subscription-based program, Target Circle 360, will launch in early April and cost … Read more

Target (TGT) earnings Q4 2023

The Target logo is seen on its store on 42nd Street in Times Square, New York City. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images Target will report its holiday-quarter results and year-ahead outlook on Tuesday. Here’s what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting for the … Read more