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Target, Walmart, Best Buy, At Home Group and Domino’s Pizza

For Immediate Release

Chicago, IL – September 17, 2020 – 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 TGT, Walmart Inc. WMT, Best Buy Co., Inc. BBY, At Home Group Inc. HOME and Domino’s Pizza, Inc. DPZ.

Here are highlights from Wednesday’s Analyst Blog:

Amid heightened fears of the ongoing pandemic and resultant social distancing, retailers are gearing up for an unprecedented holiday season. To beat the COVID-19 blues, they are looking for an early start to the festive season with an extended promotional period to avoid rush at stores, given the health concerns. Evidently, retailers need to address any logistical or inventory issues and roll out strategies to provide a seamless shopping experience, whether offline or online.

With shifts in consumer product preferences and a growing inclination toward online shopping, retailers need to replenish shelves with in-demand merchandise and ramp up investments in digitization this holiday season to draw customers.

It is quite apparent that retailers need to play dual in-store and online roles. In fact, the companies’ digital businesses have played a key role amid the lockdown. In this respect, the industry players have been directing resources toward digital platforms, accelerating fleet optimization and augmenting supply chain.

In fact, companies’ initiatives to expand delivery options — curbside pickup or ship-to-home orders — and contactless payment solutions have been a boon amid the pandemic. Additionally, retailers are investing in renovation, improved checkouts and mobile point-of-sale capabilities to keep stores relevant.

Despite all endeavors, there is a lingering fear about how comfortable consumers will be in terms of purchasing. Well, if consumers choose to tighten purse strings, retailers have to tough it out this shopping season. However, industry experts believe that any measure undertaken by the government to stimulate demand or a breakthrough in COVID-19 vaccine may lift consumer sentiments, and in turn retailing activities.

Daniel Bachman, Deloitte’s U.S. economic forecaster, said, “While high unemployment and economic anxiety will weigh on overall retail sales this holiday season, reduced spending on pandemic-sensitive services such as restaurants and travel may help bolster retail holiday sales somewhat.” According to a report from CNBC, Deloitte envisions holiday sales between $1.147 trillion and $1.152 trillion, which suggests an increase of 1-1.5% during the November-January period. Meanwhile, e-commerce sales are estimated to improve 25-35% to reach $182-$196 billion, per the consultancy firm.

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Target Corporation (TGT) : Free Stock Analysis Report
 
Dominos Pizza Inc (DPZ) : Free Stock Analysis Report
 
Walmart Inc. (WMT) : Free Stock Analysis Report
 
Best Buy Co., Inc. (BBY) : Free Stock Analysis Report
 
At Home Group Inc. (HOME) : Free Stock Analysis Report
 
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Target Corporation (TGT) : Free Stock Analysis Report
 
Dominos Pizza Inc (DPZ) : Free Stock Analysis Report
 
Walmart Inc. (WMT) : Free Stock Analysis Report
 
Best Buy Co., Inc. (BBY) : Free Stock Analysis Report
 
At Home Group Inc. (HOME) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

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