Tipsheet: WM US +2.6% | Sam’s +2.4% | H.Dep +7.5% | Albertsons +Rite Aid | CVS #7 Innovative
Walmart Q4 US Comp Sales +2.6% / Sam’s Club +2.4% Press release
…Walmart earnings miss estimates at CNBC. “Earnings per share: $1.33, adjusted, vs. $1.37 expected. Revenue: $136.3 billion vs. $134.9 billion expected. U.S. same-store sales: an increase of 2.6 percent vs. a 2.2 percent rise expected.” Read more
…Walmart’s online sales grew 23% in the holiday quarter, slower than the previous quarter’s 50% increase at Fox Business. Read more
Home Depot Q4 Comp Sales +7.5% Press release
…Home Depot’s profit, sales top estimates on higher traffic, spending at Reuters. “Excluding one time items, the company earned $1.69 per share beating analysts’ estimate of $1.61 per share.” Read more
Albertsons to Buy Rite Aid in Cash-and-Stock Deal by Katerina Petroff at Bloomberg. “Albertsons plans to acquire the parts of Rite Aid that are left over after a separate sale of nearly 2,000 stores, the Wall Street Journal reported, citing the companies’ chief executive officers.” Read more | WSJ article (subs.)
Bass Pro Shops offering buyouts to employees at former Cabela’s HQ by Paige Yowell at Omaha World-Herald. “This will be a mass exodus in Sidney,” a headquarters employee said in an interview on the condition the employee not be named. “This is what people have been waiting for.” Read more
The Amazon Prime credit card will start giving 5 percent back on Whole Foods purchases by Jason Del Rey at Recode. “Amazon customers who aren’t Prime members, but who pay with the regular Amazon Rewards Visa Signature Card, will earn 3 percent back.” Read more
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Target to sell purple Science Museum hoodie from ‘Stranger Things’ by Kavita Kumar at Star Tribune. “Target will sell the unisex hoodie (in sizes XS thru XXL) in about 1,400 of its 1,800 stores starting later this month. It will not, however, be sold on Target.com…A portion of the proceeds will go back to the museum and its education programs.” Read more (tiered subs.)
Lil Wayne drops a surprising collab with Neiman Marcus at Kulture Hub. “Available for sale at the Beverly Hills Neiman Marcus and online, The Young Money line consists of T-shirts, jackets, a hoodie, a pair of pants, and a hat.” Read more | Pics
Costco auto program’s transaction volume, including service and parts, increased by 7% over the previous year at Automotive News. “More than 900 franchised dealerships are enrolled in the service and parts program, Costco says, along with 475 independent garages.” Read more
Trump Wants Sales Tax Applied to Online Purchases, Mnuchin Says by Toluse Olorunnipa at Bloomberg. Read more
The World’s 50 Most Innovative Companies 2018 (Amazon #5, CVS #7, Walmart #15) at Fast Company. List of 50
J.Crew has hired the Starbucks executive who transformed the coffee chain into a tech innovator by Jason Del Rey at Recode. Read more
Snapchat Opens A Store–And Takes Aim At A Trillion-Dollar Industry by Mark Wilson at Fast Company. “Snap is only selling one limited edition sneaker drop for Jordan through a live event, it’s easy to imagine Snap leveraging the close relationship that its 187 million daily active users have with its camera to any number of third-party brand partners.” Read more
Ad Age’s 2018 A-List Read more (tiered subs.)
Menards shoplifter escapes with feces attack by Chris Sims at Indy Star. “…the loss prevention officer stated when he tried to stop the woman from leaving the store, she “reached behind her and dug into her pants and pulled out a handful of feces and threw it at him, striking him on his chest.” Read more
Tipsheet Extra Stories
Here’s How the Premier League Could Still Lure Amazon to Soccer
As Tweens Flock To “RuPaul’s Drag Race,” Retailers Follow
Amazon’s new Whole Foods delivery service tested in Austin
Santa Barbara gets a look at plans for its mini Target store
Mobile accounts for nearly 35% of 2017 e‑commerce sales
KFC chicken shortage will hit UK stores all week
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