Retail Focus 7/3/19 – Potential Walmart E-Commerce Losses; Optimism Surrounding C-Stores

We begin by focusing on a Recode article that got plenty of attention this holiday week, claiming that Walmart’s e-commerce division may show a $1 billion loss for 2019. We talk about why the main points in the article might be overblown a bit by other media, as well as a new convenience store survey that suggests retailers are very optimistic for the third quarter. We close by talking about the Hawaiian retail landscape, Chico’s shooting down Sycamore’s buyout proposal, and Rite Aid.