The Zacks Analyst Blog Highlights: Target, Best Buy, Amazon.com, Wal-Mart
Stores and Macy's
CHICAGO, Oct. 24, 2012
CHICAGO, Oct. 24, 2012 /PRNewswire/ --Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Target Corporation (NYSE:TGT),
Best Buy Co. Inc (NYSE:BBY), Amazon.com Inc. (Nasdaq:AMZN), Wal-Mart Stores
Inc. (NYSE:WMT) and Macy's Inc. (NYSE:M).
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from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Tuesday's Analyst Blog:
Retailers Gearing Up for Holidays
Retailers have pulled up their socks and are coming up with numerous strategic
measures as they take the final lap before the onset of the key holiday
season. From lucrative discounts to flexibility of shopping through
smartphones and tablets to free shipping and 24-hour shopping, they are
leaving no stone unturned to make the most of the busiest shopping season of
These measures are not new, rather the retailers' initiatives to match the
prices being offered by online retail giants in order to rise to the
competition is a new trend. Discount retail chain Target Corporation
(NYSE:TGT) and beleaguered consumer electronics retailer Best Buy Co. Inc
(NYSE:BBY) announced that they will offer their patrons the facility to match
the prices being offered by Amazon.com Inc. (Nasdaq:AMZN), Wal-Mart Stores
Inc.'s (NYSE:WMT) Walmart.com and Toysrus.com.
The move comes at a time when most of the brick-and-mortar retailers are
facing significant challenges from a concept called 'Showrooming.'
Technological advancements have led to the emergence of a new type of
consumer, who compares the prices offered by various companies through
smartphones and tablets, and thereafter buys the product at the best price
As a result, online shopping is seeing a sharp uptrend while traditional
retailers are losing millions. The changing environment prompted retailers to
develop new sales strategies, with the prime focus on combating online
According to the Target's price matching policy, the customer will not find
any discrepancy in pricing if an item is bought between November 1^st and
December 24^th from Target stores. However, if the item costs less at
Target.com or in a local competitor's printed ad, Target will provide items
matching the price.
Further, to better serve the shoppers, the retailers are ramping up their
hiring plans. Retail giants such as Macy's Inc. (NYSE:M), Target Corporation,
Wal-Mart Stores and Toys "R" Us have announced their hiring plans for the
upcoming holiday season.
Going forward, with the raging competition and price wars, the players who
will be able to cater to the needs of discerning consumers will bolster
volumes by ensuring foot falls and margin expansion and will have the last
Further, the ratio of converting shoppers to buyers will also rest on the
continued economic recovery and improvement in the job market. This will
ultimately boost consumer confidence and increase discretionary spending.
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