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Target Q4 comp sales decreased 2.5% “…reflecting a comp store sales decline of 3.9 percent and a comp digital sales increase of 1.9 percent…Food & Beverage, Beauty and Toys delivered net sales growth …double-digit growth from Roundel and over 30 percent growth in marketplace. Same-day delivery powered by Target Circle 360 grew over 30 […]
EBay Is Laying Off About 800 Workers, 6% of Global Workforce at Bloomberg. “…The layoffs mark the third round of cuts in three years. In early 2024, the e-commerce company axed about 1,000 jobs, or about 9% of its workforce, saying labor costs had outpaced growth. In early 2023, the company terminated about 500 […]
Home Depot Q4 comp sales +0.4% Press release …Home Depot beats Wall Street’s expectations at CNBC. “Despite the fourth-quarter sales decline, Home Depot topped Wall Street’s revenue and earnings expectations for that period. In an interview with CNBC, Chief Financial Officer Richard McPhail said U.S. consumers and the company have “been in a frozen […]
Walmart Q4 comp sales (ex. fuel): Walmart US +4.6% / Sam’s +4.0% / Walmart Int’l (net sales growth) +7.5% “Global eCommerce sales grew 24%…global advertising business up 37%…membership fee revenue grew 15.1% globally…gross margin rate up 13 bps, led by Walmart US.” Press release …Walmart reports strong holiday growth, but earnings outlook falls […]
The Break Is Over. Companies Are Jacking Up Prices Again. at WSJ. “Companies from Levi Strauss to McCormick…say they are raising prices early this year…increases appeared to be stronger than normal for January for electronics, appliances and other durable goods, said UBS economist Alan Detmeister…Columbia Sportswear said it is upping prices of spring and […]
CNBC/NRF Retail Monitor: January Data Shows Fourth Consecutive Monthly Gain “The Retail Monitor calculation of core retail sales (excluding restaurants in addition to auto dealers and gas stations) was up 0.15% month over month in January and up 5.51% year over year. That compared with increases of 1.6% month over month and 3.58% year […]
US retail sales unexpectedly stalled in December at Bloomberg. “The value of retail purchases, unadjusted for inflation, were little changed after a 0.6% gain in November…Eight out of 13 categories posted decreases, including declines at clothing stores and furniture outlets…outlays rose at building materials stores and sporting goods retailers.” Bloomberg subs. Target increases […]
Costco January comp sales (ex. fuel & f/x): US +6.8% / Canada +8.2% / Other Int’l +2.7% / Total Company +6.4% / Digitally-Enabled +33.1% Press release Spotify Will Soon Offer Physical Books at WSJ. “Beginning this spring, the Swedish streaming service will allow premium subscribers in the U.S. and U.K. to buy hardcovers and paperbacks […]