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