Costco #9 Career | Bentonville #1 Cranes | 59% “Keep It”


Ranking the Best Companies for Career Growth (Costco #9 / Target #11 / Lowe’s #14) at WSJ. “Costco, long regarded as a top employer, stands out from its retail peers with high marks for pay and culture, two metrics that often cluster together…Home Depot scores in the highest group for parity, hiring and promotion, and better than most on retention.” WSJ subs.


Kroger Q3 total sales excluding fuel decreased 0.5% Press release


More US retailers adopt ‘keep it’ returns policies to shelter profits in holiday surge at Reuters. “This year, 59% retailers offer so-called “returnless” or “keep it” policies for unwanted products whose returns costs exceed their value, according to returns services firm goTRG…Last year, 500 retail executives said 26% of companies had such policies.” Read more


Academy Sports Q3 comp sales down 8% Press release


Dollar Tree Q3 comp sales: Dollar Tree +5.4%; Family Dollar +2.0%; Enterprise +3.9% Press release


How major retailers and Covid-era nostalgia helped revive the vinyl records industry at CNBC. “When Taylor releases a new record, there may be eight, nine, 10, different variants of that same record — different colors, different combinations, maybe there’s some unique tracks that weren’t included on the digital release, or the CD, but you get it on the vinyl,” Michaels explained. “There’s a lot of fans that say, ‘There are eight different variants. I want one of each, please.’ They’re very supportive.” Read more


The Buckle November comp sales decreased 10.8% Press release


Walmart shifts to India, cuts China imports at Reuters. “The world’s largest retailer shipped one quarter of its U.S. imports from India between January and August this year, according to bill of lading figures shared with Reuters by data firm Import Yeti. That compared with just 2% in 2018.” Read more


Express, Inc Q3 comp retail sales down 4% Press release


Inside Amazon’s new Bellevue office tower at GeekWire. “There is also lots of artwork, colorful hallways, wood accents, modern lighting and furniture, and coffee bars and eateries throughout. And there are views. At 600 feet, the building is currently the tallest in Bellevue, and from a 32nd floor communal space, employees and visitors can easily gaze south at Mount Rainier.” Read more/Pics


Amazon inks new deal with NASCAR Press release


Big Lots Q3 comp sales down 13.2% Press release


Chinese E-Commerce Giant Temu Will Return to the Super Bowl at WSJ. “The wave of spending by China-owned retailers is affecting the overall online ad business. Temu and rival Shein are “almost single-handedly having an impact on the cost of advertising, particularly in some paid channels in Google and Meta,” Etsy CEO Joshua Silverman said during an earnings call with analysts earlier this month.” WSJ subs.


Duluth Trading Q3 net sales decreased 6.1% Press release


Berkshire Hathaway’s Charlie Munger had a longtime, special relationship with Costco at Yahoo Finance. “Berkshire Hathaway exited its stake in Costco in late 2020 after selling 4.3 million shares, but Munger retained a personal stake in the company…the value of his total stake in the company to over $111 million…” Read more


Bentonville leads nation in cranes per capita at Talk Business


Meijer sued by tech business in dispute over self-checkout software at Crain’s. “In its three-count complaint, Mad Mobile alleges that Meijer conspired to steal proprietary technology and continues to build out Mad Mobile’s software and business processes, in violation of an agreement between the two companies.” Read more

BNPL +42% | WM Romcom | Amazon #1 Delivery Biz


US Cyber Monday sales hit record $12.4 billion on big discounts at Reuters. “Online consumer spending jumped 9.6% on Monday from the $11.3 billion seen last year, outstripping Adobe’s initial expectations for a 6.1% rise to $12 billion…A record $940 million worth of purchases were made through BNPL (Buy Now, Pay Later) on Cyber Monday, surging 42.5% from last year and trouncing Adobe’s earlier estimate for an 18.8% jump.” Read more


Amazon touts ‘record-breaking’ sales in kickoff to holiday shopping season at CNBC. “The company said the period from Nov. 17 to Cyber Monday marked its “biggest ever” holiday shopping event compared to the same 11-day stretch last year. Amazon, which did not disclose actual sales figures, added that shoppers worldwide bought more than 1 billion items during the period.” Read more


Black Friday online sales reach record level, according to Adobe Analytics at Fox. “…climbed 7.5% from the total that Black Friday online shoppers forked over in 2022, according to Adobe Analytics.” Read more has grabbed the crown of biggest delivery business in the U.S., surpassing both UPS and FedEx in parcel volumes at WSJ. “There’s not a lot of perceived value in chest thumping on being the biggest,” said a former senior Amazon logistics executive about the milestone. Instead of a celebration marking the jump on the leaderboard, Amazon executives high-fived and got back to work, one recalled.” WSJ subs. 


Walmart’s Holiday ‘RomCommerce’ Aims to Make Shoppers Swoon at Adweek. “Add to Heart follows a young woman named Jessica working as an interior design assistant in New York as she navigates the usual romcom tropes…audiences can shop the outfits worn by the cast, the makeup the boss applies, and almost all the furnishings, ornaments and other holiday fare conspicuously placed around the generously spaced homes—with more than 330 products available to purchase through the retailer.” Read more 


Canada Goose execs take on sales associate jobs on Black Friday at Financial Post. “(President) Baker helped a family headed for an Alaskan cruise find coats and test them out in the store’s cold room, a -25 C space…“That’s one of the confirmations or leanings for me today: what an important role our cold room plays in the experience and them leaving knowing they bought the right jacket…” Baker said.” Read more


China’s Shein files for US IPO at Reuters. “Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the initial public offering, and Singapore-based Shein could launch its new share sale some time in 2024, the sources said.” Read more


We watched — and shopped — Amazon’s first Black Friday NFL broadcast at GeekWire. “For me, the QR codes made the commercial breaks a tad more compelling…However, it got cumbersome to continuously whip out my phone and try to scan the QR codes on my TV before the commercial ended. I also had the game streaming on my laptop. It would have been nice to be able to just click an ad or a button versus scanning a QR code with my phone pointed at the computer screen.” Read more/Pics


Amazon wants businesses to use its palm-scanning tech to let employees into the office at CNBC. “Companies already signed up for the biometric technology include IHG Hotels & Resorts, turnstile manufacturer Boon Edam, and Kone, an escalator and elevator provider. Amazon didn’t disclose pricing for the service, which is available in preview in the U.S. starting Monday.” Read more


Macy’s, Inc. Names Sharon Otterman Chief Marketing Officer “Most recently, Sharon served as CMO at Caesars Entertainment, where she launched Caesars Sportsbook, a new sports betting brand in the U.S…” Press release


Amazon’s iRobot purchase sucks up formal competition concerns in EU at TechCrunch


Mall of America had more Black Friday traffic this year than the year before pandemic at Minneapolis Star Tribune. “The country’s biggest mall saw 4% more visitors between Friday and Sunday than on Black Friday weekend 2019. The mall was not open as many hours, either.” Read more


Jeff Bezos is moving from Seattle to Miami—and he could take some of Amazon with him at Fortune. “Citing anonymous sources familiar with the matter, (Bloomberg) said Amazon was searching for 50,000 square feet of space.” Read more


Neighbors say these Bay Area ghost kitchens are out of control at San Francisco Chronicle. “I’ve seen drivers cuss out the police. They cuss us out. They threaten to fight us,” Koral said. “We are verbally assaulted on the daily and threatened with physical violence on the daily. … It gets scary.” Read more


Here is where millennials moved to the most in 2022 at The Hill
Cambridge, Massachusetts
Santa Clara, California
Seattle, Washington
Sunnyvale, California
Denver, Colorado
Arlington, Virginia
Bellevue, Washington
Killeen, Texas
Austin, Texas
Sandy Springs, Georgia

Lowe’s -7.4% | “Deal-Focused” | B.Buy -6.9% | Amazon’s Big Friday


Lowe’s Q3 comp sales decreased 7.4% “Updates full year 2023 outlook – Comparable sales expected to be down approximately -5% as compared to prior year (previously down -2% to -4%).” Press release


…Lowe’s cuts sales outlook as homeowners take on fewer projects at CNBC. “CEO Marvin Ellison said Lowe’s felt a “greater-than-expected pullback” by customers on discretionary projects and big-ticket purchases. Yet he said its sales to home professionals, which are accounting for a growing share of its revenue, rose in the quarter. Those pros drive about 25% of its business…will next focus on “offering value and convenience this holiday season.” Read more


American Eagle sales up but gives unimpressive holiday forecast at CNBC. “Sales rose to $1.3 billion, up about 5% from $1.24 billion a year earlier….it’s expecting its operating income to be between $105 million and $115 million, which is mostly below expectations of $114 million, according to StreetAccount.” Read more


Lowe’s, Best Buy and Kohl’s predict a weak holiday at CNN. “Consumer demand has been even more uneven and difficult to predict,” Best Buy CEO Corie Barry said in a statement, noting that the company “prepared for a customer who is very deal-focused.” Read more


Canada’s grocery giants reveal new plans to stabilize food prices — including expanded price freeze and early holiday discounts at Toronto Star. “Sobeys’ parent Empire Company Ltd., Canada’s second-largest grocer, told the Star it is freezing prices on thousands of products, mostly in the centre aisles of its stores, until early next year. The price freeze, however, only builds on an existing tradition in the Canadian grocery business, where major retail chains often refuse to accept price increases from suppliers in an attempt to simplify their operations for the holiday sales blitz.” Read more


Dick’s Sporting Goods Q3 comp sales up 1.7% “…on top of a 6.5% increase in the third quarter of 2022.” Press release


Amazon’s Black Friday Deal: Football With a Side of Online Shopping at WSJ. “Amazon Prime Video plans to carry the first-ever “Black Friday” game later this week, serving Americans touchdowns and online shopping as an alternative to battling deal-seekers at the mall…Amazon is planning to feature “shoppable ads” during Friday’s game that use QR codes that viewers can scan to make instant purchases.” WSJ subs. 


Sheetz gas prices for Thanksgiving week: $1.99 a gallon at USA Today


Best Buy Q3 comp sales declined 6.9% Press release


Foot Locker, Teamsters Show Their Drug-Benefit Managers the Door at WSJ. “Foot Locker replaced OptumRx last year because it wanted more information about how much the PBM was profiting off its work for the retailer…Foot Locker hired a smaller pharmacy benefit manager, Navitus Health Solutions of Madison, Wis., which tells employers it passes through to them 100% of the drug rebates it negotiates.” WSJ subs. 


Kohl’s Q3 comp sales down 5.5% Press release


Publix names new CEO, executive chairman, and president at Supermarket News “…current CEO Todd Jones becoming the new Publix executive chairman, current President Kevin Murphy becoming CEO, and current Senior Vice President John Goff becoming president.” Read more


Hibbett Q3 comp sales decreased 2.7% Press release


4 injured after Walmart shooting in Beavercreek, Ohio; suspected shooter dead at USA Today. “The shooter died from an apparent self-inflicted gunshot wound, police said. The suspect’s name, a motive for the attack, and other details weren’t immediately released.” Read more


Famous Footwear Q3 comp sales down 6.9 percent Press release


Home Depot to acquire International Designs Group a platform company that owns and operates Construction Resources – Construction Resources is a leading distributor of design-oriented surfaces, appliances and architectural specialty products for professional contractors…” Press release


WM US +4.9% | W.Sonoma -14.6% | Oreo Lockdown | Macy’s -7.6%


Walmart Q3 U.S. comp sales up 4.9% Press release


…Walmart’s caution on consumer spending ahead of holidays sends shares lower at Reuters. “Walmart’s CFO John David Rainey told Reuters the company saw shoppers slow down purchases in the second-half of October, and then pick up spending in the early part of November, on items including apparel and home goods, that have been out of favor for most of the year.” Read more


Bath & Body Works trims sales forecast as demand slows into holiday season at Reuters. “The retailer expects its 2023 net sales to fall by 2.5% to 4%, compared with its previous forecast for a decline of 1.5% to 3.5%.” Read more


Stores Are Finally Giving Shoppers a Break on Prices at WSJ. “The average price of food, beverage, beauty and other everyday items fell about 3% in the most recent quarter compared with the previous one, said Christina Hennington, Target’s chief growth officer earlier this week. The relief could spur more discretionary spending, she said, but the inflation over years in food, household essentials, pets and baby will “take a while to overcome.” WSJ subs. 


Q3 comp sales: Macy’s down 7.6% / Bloomingdale’s down 3.2% / Bluemercury up 2.5% Press release


…Macy’s puts up strong third quarter numbers, raises profit outlook and top end of full-year revenue at AP. “Overall sales fell 7% to $4.86 billion, with sales at traditional stores and online sales both down 7%. Still, that topped the $4.77 billion that analysts polled by Zacks Investment Research were calling for.” Read more


Williams-Sonoma, Inc Q3 comp brand revenue down 14.6% Press release


TJX Q3 overall comp store sales increased 6%, well above the Company’s plan / Comp store sales increased 7% at Marmaxx and increased 9% at HomeGoods Press release


Target CEO claims customers are saying ‘a big thank you’ for locking up merchandise at CNBC. “CNBC again asked Cornell to confirm that Target hasn’t seen a measurable drop in sales or traffic in those stores because of the inconvenience of having to wait for items. “Courtney, in many cases, it’s just the opposite. The fact that we’re in stock is what’s most important for the guests,” he said.” Read more


Walmart Claims Top Retailer Spot for 2023 Kantar PoweRanking for 27th Consecutive Year “Kroger and Target switched places to number two and number three respectively…Costco and Amazon traded places to number four and number five respectively while among the top ten, Publix and Meijer traded to number seven and number eight.” Press release


How Walmart became a fashion mecca for savvy style stars at Daily Mail. “Denise Incandela is a major force behind the change. She serves as the Executive Vice President of Apparel and Private Brands for Walmart U.S., and has a background in luxury, previously working with Moosejaw, Ralph Lauren and more.” Read more


Feds seize $1B in fake handbags and shoes from NYC storage unit in largest counterfeit bust in US history at NY Post


‘Everything’s Locked Up’: Shoppers Turn to Amazon as Big-Box Retailers Combat Theft at Bloomberg. “Like many shoppers, New Yorker Sarah Henry is accustomed to retailers locking up products to thwart thieves. But when she saw a Manhattan CVS had put Oreos behind glass, she took a photo to document the insanity…Henry has taken to ordering groceries and medication online from Stop & Shop Supermarket and” Bloomberg subs. 


Shoe Carnival Q3 comp store sales down 7.4%  Press release


Amazon brings its home robot to businesses at TechCrunch. “Astro for Business isn’t exactly cheap, though, starting at $2,349.99…” Read more


Shopping Crate & Barrel’s new virtual store feels like playing a video game at Fast Company. “…is the first time that Obsess has painstakingly replicated the interior of a physical store, from the texture of the walls to the exact proportions of the window. “We spend a lot of time working on the interiors of our stores,” says Brauer. “So it was important to us that the virtual store be as close as possible to the real thing.” Read more


Alibaba shelves cloud spinoff, citing U.S. chip restrictions at CNBC


Google will make fake AI products to help you find real gifts at The Verge. “Google’s AI-powered Search Generative Experience (SGE) is behind a bunch of new shopping features that aim to help users find niche or otherwise unique products for a friend or themselves. These include using AI to generate gift ideas or fashion items you can then shop for. Google is also expanding virtual try-ons to men ahead of the holiday season.” Read more


Loblaw, Metro point the finger at suppliers as food inflation persists at Financial Post


Tim Cook, Elon Musk, Steve Schwarzman spotted at Xi Jinping dinner with U.S. CEOs at CNBC


Amazon says Project Kuiper satellites ace orbital tests — including online sale at GeekWire. “Amazon is far behind SpaceX’s rival Starlink satellite network, which already has more than 2 million subscribers. But Project Kuiper aims to take advantage of synergies with Amazon’s other business lines, ranging from online retail sales to Amazon Prime Video and Amazon Web Services.” Read more



H.Depot -3.5% | Bezos Bash | TP Pics | Ikea Discount Dead


Home Depot Q3 U.S. comp sales decreased 3.5% Press release


…Home Depot earnings beat, but retailer offers a tepid outlook as sales slide at CNBC. “The retailer indicated caution about the coming months, as it narrowed its full-year outlook. It said it now anticipates sales will fall by 3% to 4% from the prior year, compared with a previous expectation of a 2% to 5% decline…In an interview with CNBC, Chief Financial Officer Richard McPhail said the company’s results and forecast reflect that the year “is a period of moderation in home improvement.” Read more


US consumer inflation eased in October at AP News. “Compared with a year ago, consumer prices rose 3.2% in October, down from 3.7% in September. Excluding volatile food and energy prices, so-called core prices also weakened unexpectedly. They rose just 0.2% from September to October, slightly below the pace of the previous two months.” Read more


Washington, DC, CVS replaces shelves of toilet paper with framed photos of products at NY Post. “The unusual store display was started after homeless people began snatching the products off the shelves of the drugstore, located on H Street NE, and leave without paying…” Read more


Ikea is doing away with in-store discounts for its most loyal customers at Fast Company. “About one year after debuting a 5% discount for members of its U.S. loyalty club, Ikea will soon discontinue this perk. Beginning February 1, 2024, the blue-box retailer will no longer offer a discount on in-store purchases of all furniture and decor.” Read more


Amazon lays off more than 180 employees from gaming division at GeekWire.


McDonald’s and Crocs are releasing a line of $75 shoes inspired by Grimace and the Hamburglar at CNBC. “Also for sale will be a number of McDonald’s-themed charms that can be attached to the clogs, including french fries, the Big Mac and the iconic Golden Arches logo. The shoes will be released on November 14, retailing for between $70 and $75.” Read more


Amazon Leads U.S. Grocery Retailers in Personalization Followed by H-E-B and Kroger, dunnhumby Finds “The seven retailers with the next highest overall customer preference index scores are: 4) Giant Eagle, 5) King Soopers, 6) Meijer, 7) The Giant Company, 8) Target, 9) Fry’s, 10) Smith’s.” Press release


Etaily is a “one stop solution” for consumer brands that want to enter Southeast Asia at TechCrunch. “The startup has about 50 global clients, including Levi’s, Crocs, Reckitt and Skechers who use it to develop lifestyle products, manage selling on platforms like Lazada and Shopee and, and fulfill orders through etaily’s asset-light warehouse network.” Read more


Sacramento sheriff calls out Target for limits on shoplifting enforcement at ABC7. “…we were told by their head of regional security that we could not contact suspects inside the store; we could not handcuff suspects in the store; and if we arrested someone, they wanted us to (process) them outside… behind the store… in the rain.” Read more


Kroger and Walgreens have a new way to fight theft at The Street. “… have been working with Alto, a company that mixes technology and human resources to make it easier for retailers to give law enforcement what they need to arrest and prosecute shoplifters.” Read more


As Target shutters some stores, retailer looks to prove it can grow and avoid new setbacks at CNBC. “Chief Operating Officer John Mulligan said the company sees “lots more opportunity to grow in New York,” including city neighborhoods…“If you go back through time, this is something we’ve done over and over again,” he said. “And when we close a store in a market, it doesn’t mean we stop investing in that market.” Read more


Scientists Warn of Parents’ Soaring Melatonin Use at Newsweek. “Nearly 1 in 5 kids and preteens in the United States take the hormone to aid their sleep, and many parents regularly give it to their preschool-age children. This has concerned scientists, according to a new paper in the journal JAMA Pediatrics, as melatonin product safety and efficacy data is scarce, and they often lack full Food and Drug Administration (FDA) regulation.” Read more


Stars flock to Jeff Bezos and Lauren Sanchez’s A-list engagement party at NY Post. “We hear legends like Oprah Winfrey and Barbra Streisand rubbed elbows with stars such as Kim Kardashian, Chris Rock and Salma Hayek at the bash. Disney CEO Bob Iger made the rounds along with Kris Jenner, Rita Wilson, Gayle King, Jessica Alba, designer Stacy Bendet and Hugh Jackman’s ex, Deborra-Lee Furness.” Read more


Can. Tire Cuts | Boris Likes Bentonville | Casey’s @ Texas


Canadian Tire laying off 3% of corporate staff at CBC “…cites ‘softening consumer demand’ for decision to scale back…Canadian Tire comparable store sales fell by 0.6 per cent. SportChek sales were down by 7.4 per cent. Sales at Mark’s eked out an increase of 0.2 per cent.” Read more


Amazon to Expand Grocery Delivery, Resume Supermarket Openings at Bloomberg. “(Claire Peters) said the company plans to resume opening new Fresh stores in 2024, after a pause of more than a year. Amazon also has redesigned five locations, including three in the Los Angeles area that wrapped up renovations recently. “We will have a good pipeline for next year,” Peters said. “What we won’t do is open stores aimlessly.” Read more


Pharmacy walkout organizers help launch national push to unionize pharmacists, technicians at CNBC. “The push to unionize, dubbed “The Pharmacy Guild,” also calls for legislative and regulatory change to establish higher standards of practice in pharmacies to protect patients…the vast majority of pharmacists and technicians from Walgreens and CVS have no union representation…” Read more


Global fashion brands say to raise purchase prices for Bangladesh-made clothes at Reuters. “Global fashion retailers including H&M and Gap are committed to raising purchase prices for Bangladesh-made clothing to help factories there offset higher workers’ wages…This week, after deadly protests between police and factory workers, the government mandated an almost 60% raise to the minimum monthly wage to 12,500 taka ($113) from December, the first increase in five years.” Read more


Loblaw says Canada’s ‘code of conduct’ could cost consumers more than $1 billion at Bloomberg. “If in the end, Loblaw and/or Walmart Canada decide not to sign on to the code, Graydon said another route may be necessary to address the sector’s issues. “I think we will need to have some very interesting conversations with a number of governments around regulation,” he said.” Read more


Amazon beefs up Prime loyalty program with One Medical discount at CNBC. “Amazon is integrating One Medical into its Prime membership service after acquiring the primary health-care provider in July 2022 for roughly $3.9 billion. One Medical operates a network of boutique primary-care practices in some parts of the U.S., primarily around major cities.” Read more | WSJ subs. 


Former British prime minister Boris Johnson compares Bentonville to heaven at NWA Online. “Boris Johnson, former prime minister of the United Kingdom, told a Bentonville crowd Wednesday he has a more “firm view of the afterlife” from attending the Heartland Summit there, comparing the town to “heaven, absolute heaven” after bicycling along trails there earlier that day.” Read more


Casey’s Expands to Texas at WFAA. “Casey’s General Stores, Inc., which claims to be the third largest convenience retailer in the United States, announced that it plans to purchase 22 convenience stores in Texas and open some Casey’s in their place.” Read more


Amazon makes job cuts in music division at GeekWire


Dillard’s Q3 comp store sales decrease 6% “The Company noted a challenging sales environment during the quarter with particular weakness beginning in September. Cosmetics was the strongest performing category followed by home and furniture. Juniors’ and children’s apparel was the weakest category.” Press release


At Home Chairman and CEO Lee Bird to retire after 11 years with company Press release


More Executives Vanish in China, Casting Chill Over Business Climate at WSJ. “The chief executive at livestreaming company DouYu and the chairman of a pharmaceutical business are the latest to go missing.” WSJ subs. 


Kohl’s Announces Board Leadership Transition – Ex-Home Depot Exec Adolfo Villagomez Appointed to Board Press release


Former Wegmans employee sentenced for stealing $500,000+ through fraudulent refunds at WHAM. “Prosecutors said she used the Enterprise System between 2014 and February 2023 to process approximately 350 credit card refund requests worth a total of $568,021.69 in customers’ names.” Read more


Jeff Bezos’ new home ‘Billionaire Bunker’ island outside Miami has a rich history ‒ literally at USA Today. Read more


US Foods Q3 net sales increased 2.1% to $9.1 billion Press release


Your New Co-Worker Is a Total Drill Sergeant. Literally. at WSJ.”Businesses’ interest in a Pentagon program that connects service members to companies grew so intense over the summer that the Department of Defense temporarily stopped taking applications from companies to join the ranks of private-sector partners. The SkillBridge program, as it’s known, had 150 participating employers in 2019. Today there are more than 3,800—including Bank of America, Lowe’s and Deloitte—and applications recently reopened, following a review of how to handle the staggering demand.” WSJ subs.

Lemonis Bed Bath CEO? | WM/NBC Shoppable Ads | Costco’s Golf Driver


Walmart and Peacock team up on AI-powered shoppable ads at Yahoo. “NBCUniversal said it is working with Walmart to let viewers watching Bravo’s Below Deck Mediterranean buy items from the show during commercial breaks using their remote control. Shoppable episodes of Below Deck Mediterranean will appear November 7, December 5 and December 12.” Read more | Press release


The new Bed Bath & Beyond’s CEO is out, days after activist firm called for his ouster at CNBC. “In the letter, JAT said Marcus Lemonis, the Camping World CEO and TV personality who starred in CNBC’s “The Profit,” should take over management of the company. He joined the Overstock board last month and has cheered its transition to Beyond Inc., which took effect Monday.” Read more


Google Search and Chrome are getting new tools to help users find discounts at TechCrunch. ” Chrome will show you products you recently viewed on shopping sites in your “Resume browsing” card when you open a new tab, and let you know if it’s currently discounted. Or, when you visit a product page on a shopping site, you can click the new Discount tag icon in the Chrome address bar to see available coupon codes from the site you’re visiting.” Read more


UK grocery inflation in single digits for first time this year (barely!) – Kantar at Reuters


Nike sues New Balance, Skechers for patent infringement over sneaker technology at Reuters. “The lawsuits said that several New Balance athletic shoes and Skechers sneakers misuse Nike’s patented “Flyknit” technology for running, soccer and basketball shoes.” Read more


Shein reportedly seeks $90 billion valuation in IPO at TechCrunch. “That price tag is up from the $64 billion valuation it was given in a funding round early this year. But the online fashion upstart, which has disrupted an industry that had been dominated by the likes of Zara and H&M, attained an even higher valuation of $100 billion in April 2022.” Read more


Food-delivery startup Wonder Group gets $100 million investment from Nestle at CNBC. “The startup, which was valued at about $3.5 billion when it closed a $350 million funding round in June, was founded in 2018 by serial entrepreneur and former Walmart e-commerce chief Marc Lore. Wonder recently struck a deal to acquire meal-kit company Blue Apron for $103 million.” Read more


Costco Kirkland Signature driver hits USGA conforming club list. Are store shelves next? at Golf. “…in August, images leaked from a Costco manager’s sales meeting, including slides depicting yellow Kirkland Signature golf balls, irons and a driver arriving in stores with an ETA of Nov. 1. The balls have since become available, and the driver (priced at $199 on the presentation slide) is now on the conforming list.” Read more


Human Skull, On Sale for $4,000, Draws Attention to Florida Store at DNYUZ. “We’re working hard to see if there was a crime committed,” said Carmine Marceno, the county sheriff, who added that his office was working with the office of Amira Fox, the Florida state attorney whose jurisdiction includes Lee County. “When a human skull ends up in a store, it’s alarming.” Read more


Walmart merchant, product execs work to stay current on customer demands by Kim Souza at Talk Business. “Sam Walton’s mantra of the customer being No. 1 is still the focus for Brock McKeel, divisional merchandise manager for consumer electronics at Walmart U.S., and Jon Alferness, chief product officer. McKeel and Alferness recently took part in a fireside chat with Kevin Meagher of Deloitte at the NWA Technology Summit…” Read more


Amazon is mum on upcoming Seattle elections after riling up city council races 4 years ago at GeekWire.


Wegmans kills its “WPOP” soda brand at The Street. “Wegmans apparently takes the “Food You Feel Good About” pledge seriously as it used it to justify killing its popular house soda brand, which has affectionately been dubbed “WPOP.” Read more

Cornell @ CNBC | Lawmakers Press Costco | H.Depot Skelly Story


Target CEO says shoppers are pulling back, even on groceries at CNBC. “In an interview with CNBC’s Becky Quick that aired Thursday morning, he emphasized that the retailer has posted seven consecutive quarters of declining sales of discretionary items, such as apparel and toys, in terms of both dollars and units. “But even in food and beverage categories, over the last few quarters, the units, the number of items they’re buying, has been declining,” he said in the interview.” Read more/6:59 video


…Cornell’s full interview with CNBC will air later Thursday as part of CNBC Evolve


Lawmakers say Costco’s decision to continue selling banned China surveillance tech is ‘puzzling’ at TechCrunch. “The bipartisan letter dated October 31, sent by Rep. Christopher Smith (R-NJ, 4th) and Sen. Jeff Merkley (D-OR), said Costco’s continued sale of Lorex products is “all the more puzzling,” given several of its retail rivals have long discontinued selling the technology citing human rights and ethical sourcing concerns.” Read more


…Lawmakers Press Costco on China Forced Labor at WSJ. “The Federal Communications Commission last year banned the sale of new products made by Dahua, citing national security concerns. The lawmakers said Dahua’s products are used in the “noxious” surveillance of minority groups in Xinjiang. Though Dahua sold Lorex to Taiwanese company Skywatch last year, Lorex continues to source components from Dahua, they said, adding that retailers Best Buy, Home Depot and Lowe’s have discontinued the sale of Lorex products.” WSJ subs. 


Publix Q3 comp store sales increased 4.3% Press release


Home Depot made hundreds of skeletons before perfecting its 12-foot star, Skelly at Polygon. “Originally, when we sat down, we started throwing out 10 feet. And it was like, ‘Nah, that just doesn’t seem tall enough,’” (Home Depot Sr. Merchant) Allen told Polygon via video chat. “‘Everybody knows how tall a basketball hoop is.’ And then it’s like, ‘Hey, let’s make it 12 feet. Let’s think of two 6-foot guys standing on top of each other, where they could be looking down at a basketball hoop. That seems like an impactful height.’” Read more


ACSI study: Amazon and Chewy Headline Retailer Satisfaction Retailers ranked/Press release


Fate of Canada’s first grocery code of conduct in doubt with 2 big players on the fence at Financial Post. “We have ongoing concerns that the code, as currently drafted, will increase food prices for Canadians and impact grocers’ ability to have the right products on store shelves to meet customers’ demands,” Loblaw spokesperson Catherine Thomas said…Wal-Mart Canada Corp. had similar worries.” Read more


Online Mattress Shoppers More Satisfied with Purchase Than In-Store Shoppers, J.D. Power Finds Press release


Why Home Depot is evolving its media strategy, starting with branded content at Ad Age. “As consumers are packing up their pumpkins, retail brands have already begun to deck their halls with holiday goods as the fight for seasonal shoppers creeps continually earlier each year. But more than just unleashing yuletide stock into stores, some retailers are taking an active role in spreading holiday cheer through shoppable content on connected TV.” Ad Age subs. 


CVS Health Q3 revenue +10.6% Press release


Shein Turns to Western Executives to Become Even More Global at WSJ. “Beyond adding global expertise that could help Shein tackle compliance and image challenges, the effort to bring on board more diverse leadership could also help boost investors’ confidence ahead of a potential U.S. stock listing.” WSJ subs.


The Buckle October comp store net sales decreased 11.9% Press release


Amazon unveils buy now, pay later option from Affirm for small business owners at CNBC. “The service, with loans ranging from $100 to $20,000, will be available to all eligible customers by Black Friday, or Nov. 24. It is specifically for sole proprietors, or small businesses owned by a single person.” Read more


I visited one of Ikea’s new mini ‘plan and order’ stores, and it felt like a tiny version of Home Depot at Business Insider. Pics/Read more


Spirit Halloween lives on, even when the holiday ends and stores close at CNBC. “The Halloween chain is also nearly fully vertical, with Spirit Halloween handling all the “sourcing, design and manufacturing” itself, CEO Steven Silverstein said Monday on CNBC’s “The Exchange.” “Spirit has become such a phenomenon that no other market can keep up with it,” Silverstein said.” Read more


Walgreens Boots Alliance Names Neal Sample EVP & CIO Press release