Costco +7.8% | Whirlpool -20% | Bob’s +1.2%

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Costco April comp sales (ex-fuel & f/x) +7.8% | US +8% / Canada +7.6% / Other Int’l +6.5% / Digitally-Enabled +18.4% “April had one additional shopping day versus last year…This positively impacted total and comparable sales by approximately one and one-half to two percent.” Press release

 

Ingles Markets Q2 net sales -1.8% Press release

 

Amazon Pharmacy Expands Access to New Ozempic® Pill via Same-Day Delivery, Kiosks Press release

 

Bob’s Discount Furniture Q1 comp sales +1.2% Press release

 

Whirlpool says Iran war causing ‘recession-level industry decline.’ The shares are down 20% at CNBC. “War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March,” the company said in its earnings filing.” Read more

 

Yunyan Wang has left Amazon to become chief technology officer at Chewy at GeekWire

 

Target’s digital chief breaks down the retailer’s creator overhaul at Marketing Dive. “I think, in general, transitions can be disruptive for some of our creators. This was particularly disruptive,” said Target Chief Digital and Revenue Officer Sarah Travis…Moving forward, the retailer will operate two separate offerings: Target Ambassadors, powered by LTK…and a Club Target platform designed for smaller and mid-sized creators on TikTok and Instagram that exited its pilot phase this week.” Read more

 

Warby Parker Q1 net revenue +8.3% Press release

 

Ahold Delhaize nominates Thierry Garnier to serve as President and CEO “…subject to shareholder approval…Thierry is expected to succeed Frans Muller around the Annual General Meeting of Shareholders to be held in April 2027.” Press release

 

Weis Markets, Inc. Q1 comp sales (ex-fuel) +1.2% Press release

 

Loblaw Q1: Retail revenue +4.2% | Food retail (Loblaw) comp sales +2.4% | Drug retail (Shoppers Drug Mart) comp sales +4.1% Press release

Mother’s Day $284 | On “Ghost Town” | REI GP +7%

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NRF: Mother’s Day shoppers are budgeting $284 per person, with total spending expected to reach $38 billion “This year, men are budgeting an average $346 per person, compared to women’s $225. When it comes to who they are buying gifts for, though, women are more likely to grab a special something for all the moms in their lives, including stepmoms, daughters or sisters.” Read more

 

US Trade Gap Widened in March as Imports Outpaced Exports at Bloomberg. “The US trade deficit widened in March as an increase in the value of imports exceeded exports in a sign of solid consumer and business demand. The gap in goods and services trade grew 4.4% from the prior month to $60.3 billion…” Bloomberg subs.

 

REI 2025 net sales up slightly from 2024 / Gross profit, up $100 million, or 7%, year-over-year Press release

 

Doris Fisher, Gap co-founder who helped reshape U.S. casual style, dies at 94 at NBC. “Fisher was the company’s fashion merchandiser for nearly four decades, while her husband focused on the business side. The company said she came up with the company’s name, specifically to bridge the “generation gap” between parents and children.” Read more

 

Amazon Launches Amazon Supply Chain Services, Opening Its Logistics Network to All Businesses Press release

 

Traders are doubtful Cohen’s GameStop can pull off monster eBay acquisition at CNBC. “GameStop CEO Ryan Cohen didn’t disclose exactly how he planned on financing the deal, instead reiterating the makeup of the transaction. “We are offering half cash, half stock, and we have the ability to issue stock in order to get the deal done. But the full details of the offer are on our website,” Cohen said.” Read more

 

Publix Executive Chairman Todd Jones to retire. He will remain actively involved in the company as chairman of the Publix board of directors. Press release

 

Jefferies Analyst: Wholesale Challenges at On Cause Concern at Footwear News. “Konik described On’s outlet store at Woodbury Commons Premium Outlets a “ghost town,” adding that the store was “notably quiet for a Friday, with relatively new styles (Cloud 6) already on sale.” Read more

 

How CVS Uses Robots to Keep Your Deodorant in Stock at WSJ. “The Hainesport building processes 2 million items a week for delivery to stores, up from 550,000 units a week before CVS installed the automation in 2023. The volume will increase to 4 million once the additional automation is installed, which will make the building the fourth highest-volume distribution center in CVS’s network.” WSJ subs.

 

81% of young Americans say economic conditions are bad or terrible at The Hill. “More than 4 in 10 of respondents in the 18-24 age range blamed the president, while one-third faulted corporate greed and large companies.” Read more