Tipsheet: Walgreens +4.6% | Chewy +51% | Boxes in Demand
Walgreens Q2 sales +4.6% "The United States segment had second quarter sales of $27.3 billion, an increase of 0.4 percent from the year-ago quarter...Comparable sales increased 2.0 percent from the year-ago quarter reflecting a 4.5 percent increase in comparable pharmacy sales and a 3.5 percent decline in comparable retail sales." Press release Lululemon quarterly comp sales +21% at Fox Business. Read more Chewy Q4 net sales +51% Press release Macy’s CEO says company is already benefiting from vaccinations and stimulus checks at CNBC. "Macy’s CEO Jeff Gennette said business from loyal Macy’s customers is already up [...]
Tipsheet: Home Prices +11.1% | Gennette @ Mad Money | Bed Bath & GameStop Poach
Bed Bath & Beyond poaches Wayfair, Walmart execs to help it grow online at CNBC. "Jill Pavlovich, previously head of exclusive brands and merchandising for the online furniture retailer Wayfair, has been named senior vice president of digital commerce at Bed Bath. Jake Griffith, previously a general manager for sports and fitness at the big-box retailer Walmart, has been named vice president of product management." Read more | Press release US home prices soared 11.1% in January - the most in seven years at AP. "The biggest price gain was in Phoenix, where home prices jumped 15.8%, followed [...]
Tipsheet: Sam’s SVP @ Chamber | Dick’s 1st Experiential Store | Costco’s Ravens
ThredUp shares jump nearly 43% in first day of trading at CNBC. "Based in Oakland, Calif., ThredUp is an online resale marketplace where consumers can buy and sell secondhand clothing, shoes and accessories. The website features about 2.4 million listings from over 35,000 brands at any given time." Read more Amazon started a Twitter war because Jeff Bezos was pissed at Recode. "Amazon has long been at odds with Senators Bernie Sanders and Elizabeth Warren over their criticisms...Recode has learned that Amazon CEO Jeff Bezos expressed dissatisfaction in recent weeks that company officials weren’t more aggressive in how [...]
Tipsheet: Italy Fake Amazon Reviews | Grocers Face $11B in Equal Pay | JCP CEO Search
Grocers Face $11 Billion in Equal Pay Claims After Asda Ruling at Bloomberg. "The U.K. Supreme Court on Friday ruled that the salaries earned by women who work in grocery stores could be compared to men who predominantly work in warehouses. The case will return to an employment tribunal, where a judge will determine whether the roles are of equal value and the wage discrepancy was a result of discrimination." Read more ...UK supermarket chain Asda loses ruling over equal pay claim at AP. "“Asda has wasted money on lawyers’ bills chasing a lost cause, losing appeal after [...]
Tipsheet: Lowe’s & Trampolines | Publix Gun Arrest | RH +22%
Police arrest man carrying 5 guns, body armor into Georgia Publix at The Hill. "After officers saw Marley leaving the bathroom, they quickly apprehended him. They found two long guns, and three pistols, the newspaper reports, all of which were concealed. Authorities have not yet determined why Marley was carrying so many weapons. Marley has been charged with reckless conduct." Read more RH Q4 net revenues +22% Press release Covid-19 Vaccinations, Tests Give Boost to Kroger’s Health Ambitions at Wall Street Journal. "Covid has taught us that pharmacy is always really important and will be important as we [...]
Tipsheet: Protesters Close Wegmans | Can. Tire #1 Reputable | At Home +30.8%
Protesters force Wegmans store in Rochester, New York to close at Rochester Democrat & Chronicle. "Protesters commemorating the one-year anniversary of Daniel Prude's fatal encounter with the Rochester Police Department on Tuesday marched down East Avenue and encamped in the Wegmans parking lot, causing the store to lock its doors...The group blocked entrances to Wegmans' parking lot with their own vehicles, set up a tent in front of the store and wrote messages on the ground in chalk." Read more ...Wegmans store protest pics & video Syracuse.com | Daily Mail At Home Inc. Q4 comp sales +30.8% [...]
Tipsheet: K. Soopers Shooter ID’d | Cohen on Line 2 | Casey’s Acquires
Ten killed in mass shooting at Boulder, Colorado King Soopers grocery store at Reuters. "Moonshadow said she tried to attend to a victim she saw lying on the pavement just outside the store, but her son pulled her away, telling her, ‘We have to go.’” The woman broke down in sobs recounting their ordeal, adding, “I couldn’t help anybody.” Read more ...Boulder supermarket shooter ID’d as 21-year-old man at AP. "The suspect was undergoing treatment at a hospital and was expected to be booked into the county jail later Tuesday, said Boulder County District Attorney Michael Dougherty. Investigators don’t [...]
Tipsheet: Sam’s CEO Q&A | DoorDash WM Gripes | China’s New #1 Ecom Site
Sam’s Club C.E.O. on the Company’s High Sales and Low Wages at NY Times. "How have people’s shopping habits changed over the past year? We have seen periods that we called “carbs and calories,” where people would just buy up pizza, ice cream, potato chips. It was almost like they were looking for indulgence in food that they couldn’t get through experiences outside of the home. We’ve certainly seen a resurgence in people nesting and home improvement, yard improvement, outdoor entertaining. People are like, “How do I make my home my castle?” Read more/Q&A Low tips, long waits - [...]
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