"Strategically, we continue to support management's long-term strategy to continue investments in growth geographies (China & India) and growth opportunities of the new world of retailing (i.e., Flipkart)," Bugatch wrote at the time. "However, management's strategy comes at a price and will continue to impact operating income and earnings growth in the near-term."
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Walmart's U.S.-owned e-commerce growth accelerated to 43 percent in the third quarter, while Target posted a record 49 percent year-over-year surge, according to Bank of America Merrill Lynch. Given the robust gains, analysts at the brokerage wrote to clients Thursday that investors should buy either stock as shoppers log on to do last-minute shopping.
NGDATA® helps brands in data-rich industries, such as financial services, telecom, media and entertainment, utilities and hospitality, to capitalize on emerging opportunities in their customer data and to drive profitable customer experiences by supercharging analytics and campaign efficiency. The company’s Intelligent Customer Data Platform (CDP) puts people at the center of every business via Customer DNA, which continuously learns from customer behavior and context in real-time. NGDATA partners with companies around the world to drive digital transformations. NGDATA is headquartered in Gent, Belgium and has offices in the United States, Europe & Asia-Pacific.