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Marc Lore says venture firm with A-Rod will make big bets on digital retail at CNBC. “The new company, called Vision Capital People or VCP, will start with $50 million of Lore and Rodriguez’s own money. The pair are also in discussions to buy professional basketball team, the Minnesota Timberwolves.” Read more/Video Target […]
U.S. consumer prices post biggest gain in nearly 12 years as inflation pressures build at Reuters. “The consumer price index jumped 0.8% last month, the largest gain since June 2009. The CPI rose 0.6% in March. Food prices increased 0.4%…Economists polled by Reuters had forecast the CPI climbing 0.2% in April.” Read more […]
U.S. Home Prices Surge the Most on Record in Buying Frenzy at Bloomberg/Yahoo. “Prices jumped 16.2% from a year earlier to a record high of $319,200. The growth eclipsed the 14.8% rate in the fourth quarter, which was the highest in data going back to 1989, the (National Assoc. of Realtors) said in a […]
Atlanta Mayor Bottoms not going to Walgreens at 11 Alive. “What I know is that in the absence of my speaking my truth, people will insert a narrative, which is why I’m here today. Ros Brewer is my girl, I love her dearly, but she didn’t get to be the CEO of Walgreens by […]
Costco April comp sales (ex gas & f/x) +24.5%: US +24.9% / Canada +23.8% / Other Int’l +20.3% / Ecom +17.3% Press release Marc Lore’s next attempt to woo the affluent consumer: A fleet of on-demand food trucks at CNBC. “Jay Zuckerman, a 47-year-old father of two who resides with his wife in […]
Circle K launches beverage subscription program for $5.99 per month at CNBC. “Starting Wednesday, U.S. customers who pay $5.99 per month can have one tea, coffee, Froster slushy or Polar Pop fountain drink of their choosing every day. Circle K’s Sip & Save program looks to build loyalty and coax people into its stores […]
CVS Health earnings top estimates at CNBC. “Same-store sales across its pharmacy and front store combined were up just 0.4% compared with growth of 9% a year earlier. Same-store sales for the front store fell 11.4%.” Read more Camping World Q1: Revenue increased by $530.5 million to $1.558 billion / Gross profit increased […]
Shaw’s, Star Market truckers go on strike in New England at AP. “Truck drivers for Shaw’s supermarkets represented by the Teamsters went on strike Monday, stopping shipments to Shaw’s and Star Market grocery stores in New England. The drivers are responsible for delivering grocery store staples to more than 100 supermarkets across the region…” Read […]
