Target Q4 comp sales down 4.4% Press release …Target is launching a paid membership program, Target Circle 360 at CNBC. “…will include unlimited free same-day delivery for orders over $35 in as little as one hour with no delivery fees and two free-day shipping, along with other perks. The paid membership tier will […]
Best Buy Q4 comp sales down 4.8% “Bilunas (CFO): “For Q1 FY25, we expect comparable sales to decline by approximately 5% and our non-GAAP operating income rate to be approximately 3.4%, which is flat to Q1 FY24.” Press release …Best Buy tops holiday quarter estimates but issues soft full-year guidance at CNBC. “Q4: […]
Lowe’s Q4 comp sales down 6.2% Press release …Lowe’s beats earnings estimates – company expects revenue to slide again this year at CNBC. “Q4: Earnings per share: $1.77 vs. $1.68 expected. Revenue: $18.60 billion vs. $18.45 billion expected.” Read more US sues to block merger of Kroger and Albertsons at AP News. […]
Existing home sales rose 3% to start the year at CNBC. “The 32% all-cash share was up from 29% in both December and in January 2022. First-time buyers made up just 28% of sales. Historically they make up about 40%.” Read more FTC, states could sue over Kroger-Albertsons $24.6 bln deal next week at […]
Walmart Q4 Comp Sales (ex-fuel): Walmart U.S. +4.0% / Sam’s Club +3.1% Walmart Int’l Q4 net sales +13% Global eCommerce sales grew 23% Global adv business grew ~ 33%, including 22% for Walmart Connect in the U.S. Press release Walmart to buy TV maker Vizio for $2.3 billion in move to grow its […]
Retail sales fall 0.8% in January from December as shoppers pause after strong holiday season at Yahoo/AP. “Excluding sales at auto dealerships and gas stations, sales were down 0.5%. The decline was bigger than the 0.10% drop that economists expected and marked the lowest monthly figure since March of last year.” Read more […]
Target Pops | Digit Works | AI Junk Bots | B.Buy Ethical
/in Eye-on-RetailTarget Q4 comp sales down 4.4% Press release …Target is launching a paid membership program, Target Circle 360 at CNBC. “…will include unlimited free same-day delivery for orders over $35 in as little as one hour with no delivery fees and two free-day shipping, along with other perks. The paid membership tier will […]
WM Outage | B.Buy -4.8% | Target #91 Sustainable
/in Eye-on-RetailBest Buy Q4 comp sales down 4.8% “Bilunas (CFO): “For Q1 FY25, we expect comparable sales to decline by approximately 5% and our non-GAAP operating income rate to be approximately 3.4%, which is flat to Q1 FY24.” Press release …Best Buy tops holiday quarter estimates but issues soft full-year guidance at CNBC. “Q4: […]
Lowe’s -6.2% | Walton +$1.5B | Macy’s -150 | Khan +1
/in Eye-on-RetailLowe’s Q4 comp sales down 6.2% Press release …Lowe’s beats earnings estimates – company expects revenue to slide again this year at CNBC. “Q4: Earnings per share: $1.77 vs. $1.68 expected. Revenue: $18.60 billion vs. $18.45 billion expected.” Read more US sues to block merger of Kroger and Albertsons at AP News. […]
Dollar Stores Restricted | Corn Regret | Homes 32% All-Cash
/in Eye-on-RetailExisting home sales rose 3% to start the year at CNBC. “The 32% all-cash share was up from 29% in both December and in January 2022. First-time buyers made up just 28% of sales. Historically they make up about 40%.” Read more FTC, states could sue over Kroger-Albertsons $24.6 bln deal next week at […]
WM +4% | Sam’s +3.1% | THD -4% | Loblaw +40
/in Eye-on-RetailWalmart Q4 Comp Sales (ex-fuel): Walmart U.S. +4.0% / Sam’s Club +3.1% Walmart Int’l Q4 net sales +13% Global eCommerce sales grew 23% Global adv business grew ~ 33%, including 22% for Walmart Connect in the U.S. Press release Walmart to buy TV maker Vizio for $2.3 billion in move to grow its […]
Target’s New Value Brand | C.Tire -6.8% | Retail Sales -0.8%
/in Eye-on-RetailRetail sales fall 0.8% in January from December as shoppers pause after strong holiday season at Yahoo/AP. “Excluding sales at auto dealerships and gas stations, sales were down 0.5%. The decline was bigger than the 0.10% drop that economists expected and marked the lowest monthly figure since March of last year.” Read more […]