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NRF: Retail Sales Up 0.6% in November by Stephen E. Schatz. “Gains were consistent with NRF’s holiday sales forecast, which anticipates an increase of 4.1 percent over last year.” Read more The price is (no longer) right: Retail’s big game by Krystina Gustafson at CNBC. “Amazon and Sears are the most dynamic retailers. […]
“Walgreen CEO Is Out as Top Shareholder Pessina Takes Over” by Michelle Fay Cortez at Bloomberg. “Walgreen Chief Executive Officer Greg Wasson will retire, clearing the way for top shareholder Stefano Pessina to tighten his grip amid a merger with his European retailer Alliance Boots GmbH…Pessina, 73, will be acting CEO while the company […]
“Costco Q1 Comp Sales +7%” “Net sales for the quarter increased seven percent, to $26.28 billion from $24.47 billion during the first quarter last year.” Read the release WSJ: “Costco Profit Gain Falls Short of Forecasts” by Angela Chen. “Profit for the quarter rose to $496 million, or $1.12 a share, from year-earlier […]
“Americans plan to spend most in 5 years this Christmas” by Steve Liesman at CNBC. “The average American plans to spend $765 this year, up 12 percent versus last year, and about 6.5 percent higher than the average across the survey’s nine-year history.” Read more “Bill Gates’ dad leaving Costco’s board after 11 years” by […]
“Walmart Dominates YouTube During Thanksgiving Holiday Period With 39 Million Video Views” by Amy Gesenhues at Marketing Land. “Report shows Walmart owned 50 percent of total channel views for top 100 retail brands on YouTube from November 19 though December 2.” Read more “Economists see revved-up economy next year” by John W. Schoen […]
“Amazon Unveils Its Own Line of Diapers, Confirming Partners’ Biggest Fears” by Jason Del Rey at Recode. “By working directly with a manufacturer, Amazon will be able to price the brand aggressively, with a 40-count package of diapers starting at $7.99. That works out to about 19 cents a diaper, compared to competitor prices […]
“Tinkerbell To Shine In Walmart Ads for NBC’s ‘Peter Pan’” by Brian Steinberg at Variety. “Walmart will have the heaviest presence in what is a sold-out program, said Dan Lovinger, executive vice president of entertainment ad sales at NBCUniversal…Set to air live at 8 p.m. on Thursday, December 4, NBC’s “Peter Pan” production shows […]
This Morning: Walmart’s Doug McMillon Appears on CNBC by Matthew Belvedere at CNBC. “This 2 percent to 3 percent growth range number just feels like it’s kind of perpetual,” he said on “Squawk Box” from the Business Roundtable meeting in Washington, D.C. “We’re kind of like we were last year year. And as I […]