Target forecasts tepid 2020 profit as online growth slows
) posted its slowest increase in quarterly online sales in nearly two years last month and forecast growth to slow further this year. In contrast, Amazon logged record sales for the holiday season.
“Clearly, it was not the quarter the company was hoping for,” said Ken Perkins, founder of research firm Retail Metrics. Perkins said previous high online growth rates at Target and Walmart would be difficult to achieve again as the businesses grow larger in scale and as Amazon eats into their pie, especially during the crucial holiday quarter.
Analysts had lowered their estimates from $23.90 billion after the company reported disappointing sales for the crucial November-December shopping season in January.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Super Tuesday 2020: Which States Are Voting and When Do Polls Close?From the states casting ballots to key developments to watch and how to watch them, here is The Wall Street Journal’s guide to the biggest day yet in the presidential nominating process.
Baca lebih lajut »
Super Tuesday raises 2020 stakes as candidates face first national testDemocrats face a significant turning point in the 2020 presidential race when the candidates are tested on a national scale.
Baca lebih lajut »
On the trail: 2020 Democrats blanket Super Tuesday states with eye on delegatesFront-runner Bernie Sanders, a reinvigorated Joe Biden, and the other remaining ...
Baca lebih lajut »
What Does Super Tuesday Mean in the Ever-Changing 2020 Race?With Amy Klobuchar, Pete Buttigieg, and Tom Steyer out, and Joe Biden battling Bernie Sanders for frontrunner status, what are the Super Tuesday stakes?
Baca lebih lajut »
Live updates: Super Tuesday 2020, the final sprint - CNNPoliticsFormer Vice President Joe Biden says rival Michael Bloomberg is “not a Democrat.” “I don’t think he is a Democrat, with a capital D. It’s not where he has been. He has a different view on a whole range of things.”
Baca lebih lajut »