Today’s Research Reports on Stocks to Watch: Walmart and Kohl’s Corporation

NEW YORK, NY / ACCESSWIRE / May 8, 2018 / Walmart shares may have closed in the red yesterday due to the company announcing some strict new rules when it comes to acute opiod prescriptions at its pharmacies. It was also announced yesterday in reports that Walmart may be close to announcing a deal to buy a controlling stake in FlipKart this week. Shares of Kohl’s also closed in the red despite any news yesterday. It was last week that the company announced a new chief merchandising officer.

RDI Initiates Coverage on:

Walmart Inc.
https://www.rdinvesting.com/report/?ticker=WMT

Kohl’s Corporation
https://www.rdinvesting.com/report/?ticker=KSS

Walmart Inc. shares closed down 2.35% on Monday. There were quite a few developments going on with the company. Sources revealed that it could be by the end of the week that the retail giant announces a deal to buy a controlling stake in FlipKart, an Indian e-commerce company. According to the sources, Walmart as well as Alphabet Inc., the parent of Google, will buy up to 75% of the company. In other news, Walmart de Mexico, the biggest retailer in the country of Mexico, reported yesterday that sales in its stores that have been open at least one year, saw a 2.4% increase last month compared to the same month a year ago. Walmart also announced yesterday that it will restrict initial acute opioid prescriptions to no more than a seven-day supply. The supply limit will start within the next 60 days. Starting January 1st, 2020, Walmart will also require e-prescriptions for controlled substances, noting that these prescriptions are proven to be less prone to errors and cannot be altered or copied. Walmart pharmacies and Sam’s Club pharmacies will adhere to the new initiatives in the U.S. as well as Puerto Rico.

Access RDI’s Walmart Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=WMT

Kohl’s Corporation shares closed down 4.31% on about 5.3 million shares traded yesterday. It was revealed yesterday that since the retail chain started a pilot program to accept Amazon returns at some of its locations last October, traffic at Chicago Kohl’s stores have seen a growth of 8.5% more than other stores. This is according to Gordon Hasket Research Advisors. Analyst Chuck Grom remarked, “For Kohl’s it seems like a no-brainer.” It was last week that Kohl’s announced that Doug Howe, a 30-year retail veteran, has joined the company to be its chief merchandising officer. Howe will see over the company’s overall merchandise strategy and all merchandising functions and will be reporting directly to CEO-elect Michelle Gass. According to Gass, “Doug is a proven merchant and a visionary leader with a strong track record of driving growth through compelling products, brands, and customer experiences. He brings a unique combination of skills given his extensive background in working across digital retail channels, department stores, and mass retailers.” Howe stated, “I’m very excited to join Kohl’s – a company I’ve admired for many years. Specifically, I’m motivated by the unwavering focus placed on product, and the importance of providing customers with quality brands at compelling values. As Kohl’s continues to transform, the future looks very bright, and the evolution in recent years is exciting and inspiring as they are standing out in the industry.”

Access RDI’s Kohl’s Corporation Research Report at:
https://www.rdinvesting.com/report/?ticker=KSS

Our Actionable Research on Walmart Inc. (NYSE: WMT) and Kohl’s Corporation (NYSE: KSS) can be downloaded free of charge at Research Driven Investing.

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