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Walmart’s Self-Checkout Glitch Leads to Widespread Mispricing

By Shivani Kumaresan
May 30, 1:12 PM
Walmart Inc (NYSE ) faced a major technical glitch in March, leading to mispricing across 1,600 stores. The issue, occurring on March 19, resulted in incorrect charges at self-checkout kiosks. Walmart acknowledged the problem, which stemmed from a system update failure, and reimbursed over 80% of affected customers. However, legal experts warn this incident may violate consumer protection laws.

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Analysts Highlight Target’s Market Share Struggles And Increased Competition: Details

By Shivani Kumaresan
May 23, 2:34 PM
BMO Capital's Kelly Bania reiterates Market Perform for Target but lowers the price target from $170 to $155. Despite 1Q results meeting expectations, concerns arise over continued gross margin upside, share losses in food and consumables, and competition from Amazon and Walmart.

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Target’s Sales Decline And EPS Miss: Why Analysts Remain Optimistic

By Shivani Kumaresan
May 22, 12:25 PM
Target reported a first-quarter FY24 sales decline of 3.1% year-on-year to $24.531 billion, with comparable sales down 3.7%. Adjusted EPS was $2.03, missing the consensus estimate of $2.06. BofA Securities reiterated a Buy rating with a $190 price target. Telsey Advisory Group reiterated an Outperform rating with a $195 price target, highlighting outperformance in beauty and future market share gains.

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Walmart+ Launches Free Pet Telehealth Services With Pawp Partnership – What’s The Perk?

By Shivani Kumaresan
May 22, 11:56 AM
Walmart Inc's membership program Walmart+ now offers 24/7 virtual access to veterinary professionals via Pawp, a digital health clinic for pets, starting later this year. This benefit aims to provide convenience and peace of mind to pet owners amid rising veterinary costs. Marc Atiyeh, CEO of Pawp, expressed excitement about supporting Walmart+ members' pet care needs through this first-of-its-kind partnership.

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Beyond Meat Faces Setback As Carl’s Jr. And Del Taco Drop Products: Report

By Shivani Kumaresan
May 21, 6:35 AM
Beyond Meat faces challenges as Carl's Jr. and Del Taco reportedly drop its plant-based beef due to declining sales. Most of Carl's Jr.'s 1,000+ locations stopped offering the Beyond Burger, initially launched in 2019. Del Taco also ceased Beyond Meat offerings in nearly 600 locations. Despite this, Beyond Meat is hopeful, banking on new product developments and pricing strategies to regain consumer interest.

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