Government Stimulus Checks Will Help Retail Stocks. Just Not Dollar General.

Desy Papper

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Dollar General stock was downgraded on Tuesday.


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There’s no doubt that dollar and discount stores saw a boost from government stimulus during the pandemic, as their core customers were among the most likely to have incomes low enough to qualify for the checks. The problem, according to KeyBanc Capital Markets, is that the market might be too enthusiastic about how much they’ll benefit.

Analyst Bradley Thomas took a look at the sector ahead of first-quarter earnings reports, and downgraded

Dollar General

stock (ticker: DG) to Sector Weight from Overweight, while removing his $220 price target.

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‘Bend Village’ project to bring condos, hotels, retail near Deschutes River | Local&State

Desy Papper

A roughly 250,000-square-foot development overlooking the Deschutes River near Farewell Bend Park will include condos, retail, restaurants and hotel lodging, according to planning documents filed with the city of Bend.

The project, which would be called “Bend Village,” proposes building seven buildings on roughly 7 acres of land off the corner of SW Century Drive and Colorado Avenue, according to city documents. The complex also runs along Mount Bachelor Drive, with some frontage along Reed Market Road near the Bill Healy Bridge. It would be near the Pine Ridge Inn.

The buildings would range roughly between 50- and 60 -feet

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CVS’s Earnings Beat Forecasts Despite Slide for Retail

Desy Papper

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Revenues rose 3.8% for the company’s pharmacy services segment.


Bryan Bedder/Getty Images for CVS Pharmacy


CVS Health

shares are climbing in response to news that both earnings and revenues were better than expected in the latest quarter.

The company reported adjusted earnings of $2.04 per share, beating the FactSet analyst consensus estimate of $1.73 per share. CVS (ticker: CVS) said total revenues were $69.1 billion, up 3.5% compared to the same quarter last year, beating the Wall Street consensus call of $68.4 billion.

At the same time, management raised its forecast of earnings for the full 2021 fiscal

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Retail Chain Openings Outpace Closures To Start 2021

Desy Papper

For once, retail in the U.S. has a positive story to tell.

Among U.S. chain retailers, announced store openings for this year account for more square footage than announced store closures, according to Coresight Research’s monthly U.S. Store Tracker Extra report. So far, 3,597 openings have either been executed or announced, totaling 49.7M SF. Closures total 3,395, representing 44.3M SF.

For both openings and closures, the first four months of 2021 were substantially more active than the previous year. Only 2,472 openings and 2,191 closures had been announced by the end of April 2020, according to Coresight. 

No retailer

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