Entries by jlong

Tipsheet: Jelinek @ CNBC | ‘Target Tori’ | WM #18 Admired

  Costco CEO Craig Jelinek appears on ‘Mad Money’ at CNBC. “We need a lot of volume going through these, as we call them, warehouses. So that’s really what it’s about,” Jelinek said. “We do a lot with very few units [and] turn a lot of inventory, and it just works the best way for […]

Tipsheet: Bezos @ Bollywood | Housing +16.9% | New WM HQ Update

  US housing construction jumps 16.9% in December at AP. “Construction of new homes surged in December to the highest level in 13 years…Housing construction has been rising since July…For the year, builders started work on a total of 1.29 million homes, the best showing since 2007.” Read more   U.S. manufacturing output rises unexpectedly […]

Tipsheet: H.Dep Mex Strike? | Bose Close 119 | Amazon HQ Pop Up

  Mexico union threatens Home Depot strike at Reuters. “Spurred on by labor protections in the new North American trade deal, a top Mexican trade union has accused Home Depot of blocking union activity and threatened strikes next week if the U.S. home improvement chain does not improve pay and benefits for workers.” Read more […]

Tipsheet: Target Miss | Build-A-Yoda | Low CO2 Labeling

  Target, like other retailers, did not have a Merry Christmas at AP. “Comparable sales climbed 1.4% in the November-December period, compared with a very strong 5.7% increase a year earlier. Digital sales rose 19%, also down from last year’s jump of 29%.” Read more   …Target said it found strength in apparel and beauty, […]

Tipsheet: H.Dep #24 Trust | Instacart Holds 5% | RH CEO New Pad

  Instacart holds firm on its tipping policy as contract workers call for national boycott at CNBC. “Nilam Ganenthiran, Instacart’s president, said the current 5% rate is appropriate as the default, though customers have the option of giving more. “I truly think it’s right for our shoppers, right for our customers and right for the […]

Tipsheet: H.Dep #24 Trust | Instacart Holds 5% | RH CEO New Pad

  Instacart holds firm on its tipping policy as contract workers call for national boycott at CNBC. “Nilam Ganenthiran, Instacart’s president, said the current 5% rate is appropriate as the default, though customers have the option of giving more. “I truly think it’s right for our shoppers, right for our customers and right for the […]

Tipsheet: Costco +9% | HEB #1 Grocer | WM +134 Mex | JCP -7.5%

  Costco December comp sales +9.0% / E-com +43.1% “For the 18 weeks ended January 5, 2020, the Company reported net sales of $56.99 billion, an increase of 7.5 percent from $52.99 billion during the similar period last year.” Press release   Bed Bath & Beyond Q3 comp sales -8.3% Press release   …Bed Bath […]