The inventory glut that now exists at both of these retailers. It's going to take three to six months to work this through, assuming they manage it correctly. The target said that ther they believed that their costs are going to be about a billion dollars higher this year inin the form of both labor and what they pay for products.
"We got the inventory wrong." That's basically what Target CEO Brian Cornell said about his company's latest results. (0:30) Bill Mann discusses: - Why Cornell and Walmart CEO Doug McMillon should have warned investors sooner about their latest quarterly numbers - The inventory glut major these retailers will have to work through - Lowe's benefitting from the residential home environment - Whether Target's stock is more attractive after today's drop
(13:11) Tim Beyers talks with Arista Networks CEO Jayshree Ullal about how her company is diversifying its revenue stream and one thing investors often get wrong about Arista.
Stocks discussed: TGT, WMT, LOW, HD, ANET, MSFT, FB
Host: Chris Hill Guests: Bill Mann, Tim Beyers, Jayshree Ullal Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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