White House blasts Amazon over tariff cost report: ‘Hostile and political act’ at CNBC. "The White House on Tuesday slammed Amazon for reportedly planning to display the cost of President Donald Trump’s tariffs next to the total price of products on its site." Read more   ...Retail Giants Manage to Keep a Lid on Prices but Warn It Can’t Last at WSJ. "(At Amazon) some sellers have tested raising prices by as much as 30% to see how much of an increase they can make before Amazon’s systems will downgrade their listings, according to Brandon Fuhrmann, an Amazon merchant [...]

  Orders for big-ticket items like autos and appliances surged 9.2% in March in rush to beat tariffs at CNBC. "Excluding defense, the increase was even higher, at 10.4%, though the ex-transportation number was flat. Transportation equipment orders surged 27%..." Read more   ...Three-quarters of the public expect tariffs to increase consumer prices at APNORC   Tractor Supply Q1 comparable sales down 0.9%; comp average transaction growth of 2.1% Press release   P&G Q3 net sales down 2% Press release   ...Procter & Gamble CEO says price hikes are ‘likely' at CNBC. "He added that price hikes tied to the [...]

  Trump hosts Walmart, Target and Home Depot CEOs for tariff meeting at CNBC. "A White House official told CNBC earlier Monday that a representative from Lowe’s would also be at the meeting. After the meeting concluded, an official told NBC News that no one from Lowe’s attended. After the meeting wrapped, the three companies issued nearly identical statements. “We had a productive meeting with President Trump and his team and appreciated the opportunity to share our insights,” a Walmart spokesperson said." Read more   From Fake Eyelashes to Care Bears, U.S.-Bound Goods Are Stuck in Tariff Limbo at WSJ. "Zeng, for [...]

  Target CEO Brian Cornell to meet with Al Sharpton to discuss DEI rollback at CNBC. "The meeting, which Target asked for, comes after some civil rights groups urged consumers not to shop at Target in response to the retailer’s decision to cut back on DEI. While Sharpton has not yet called for a boycott of Target, he has supported efforts from others to stop shopping at the retailer’s stores." Read more   Hudson’s Bay wants to hold auction for its art and artifacts including its royal charter at Yahoo. "The retailer filed for court protection from creditors under the [...]

  Albertsons Companies, Inc. Q4 identical sales increased 2.3% Press release   Jeff Bezos sells Seattle mansion amid move to Florida — for $63 million at NY Post. "This deal eclipses the state’s prior record...Nestled along Lake Washington’s shores, Bezos bought the 9,420-square-foot Hunts Point residence in 2019 for $37.5 million." Read more/Pics   Lowe's acquires Artisan Design Group (ADG) for $1.325 billion "ADG is a leading nationwide provider of design, distribution and installation services for interior surface finishes, including flooring, cabinets and countertops, to national, regional and local homebuilders and property managers...fiscal 2024 revenue of approximately $1.8 billion (and) [...]

  Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffs at AP. "Excluding the volatile food and energy categories, core prices rose 2.8% compared with a year ago, down from 3.1% in February. That is the smallest increase in core prices in nearly four years." Read more   Amazon CEO Andy Jassy says he believes sellers will pass increased tariff costs on to consumers at CNBC. "Jassy...said the company has done some “strategic forward inventory buys” and looked to renegotiate terms on some purchase orders in an effort to keep prices low on its [...]

  Walgreens Boots Alliance Q2 sales +4.1% Press release   ...Walgreens tops estimates as drugstore chain cuts costs, prepares to go private at CNBC. "Earnings per share: 63 cents adjusted vs. 53 cents expected...Revenue: $38.59 billion vs. $38 billion expected." Read more   Sam’s Club picks Publicis Groupe as its integrated agency of record Ad Age subs.   Walmart+ Week takes place from April 28 through May 4 "50¢ off every gallon of fuel at participating Exxon and Mobil stations...Up to 2 free sandwiches from Burger King daily...6 months of the Paramount+ with SHOWTIME plan..." Press release   ...Walmart is [...]

  De minimis trade loophole that boosted Chinese online retailers to end May 2 at CNBC. "Wednesday’s announcement...gives customs officials, retailers and logistics companies more time to prepare. Goods that qualify under the de minimis exemption will be subject to a duty of either 30% of their value, or $25 per item. That rate will increase to $50 per item on June 1, the White House said." Read more   RH Q4 revenue +10% Press release   ...RH’s stock slammed by new tariffs and outlook, but CEO offers this praise for Trump administration at MarketWatch. "That would-be new world greeted [...]