A holiday-shortened week for the stock market sees some key data releases, and earnings from Walmart, Home Depot, Nvidia and others. Read More...
MarketWatch
Walmart, Target, Costco earnings on deck: retail giants face tough holiday season comparison
With retail earnings season about to kick off, Placer.ai, a data analytics company that measures foot traffic, warns that most companies are facing a tough year-over-year holiday season comparison. In a report on how Target Corp. (TGT) Walmart Inc. (WMT) Costco Wholesale Corp. (COST) BJ’s Wholesale Club Holdings Inc. (BJ) and Sam’s Club are faring, Placer.ai found that the strength of 2021, as shoppers emerged from lockdown, made for a difficult comparison with 2022. “Pent-up demand, accumulated savings, and an early start drove an unusually robust season in 2021, so assessing the success of 2022’s holiday season is challenging,” Placer.ai wrote.
