Two big-box retailers enter. One retailer leaves.
Target (ticker: TGT) and
(WMT)—in one of the quirks of the earnings season that sees retailers release their results at the very end of the reporting schedule—both report this coming week, Walmart on Tuesday, Target on Wednesday.
It’s not quite Mad Max Beyond Thunderdome, but the two competitors are watched for signs of how well old-retail can compete against the likes of
(AMZN) in the age of Covid-19—and against each other.
Both retailers were early beneficiaries of the shutdown because they didn’t have to, well, shut down. Their recent investments in online efforts were also viewed as advantages because they allowed the companies to ship direct, or let customers come in for curbside pickup.
Nevertheless, the past three months have been mediocre. Target stock has gained just 13% during the period, while Walmart stock is up