Entries by jlong

Lowe’s -6.2% | Walton +$1.5B | Macy’s -150 | Khan +1

  Lowe’s Q4 comp sales down 6.2% Press release   …Lowe’s beats earnings estimates – company expects revenue to slide again this year at CNBC. “Q4: Earnings per share: $1.77 vs. $1.68 expected. Revenue: $18.60 billion vs. $18.45 billion expected.” Read more   US sues to block merger of Kroger and Albertsons at AP News. […]

Dollar Stores Restricted | Corn Regret | Homes 32% All-Cash

  Existing home sales rose 3% to start the year at CNBC. “The 32% all-cash share was up from 29% in both December and in January 2022. First-time buyers made up just 28% of sales. Historically they make up about 40%.” Read more   FTC, states could sue over Kroger-Albertsons $24.6 bln deal next week at […]

WM +4% | Sam’s +3.1% | THD -4% | Loblaw +40

  Walmart Q4 Comp Sales (ex-fuel): Walmart U.S. +4.0% / Sam’s Club +3.1% Walmart Int’l Q4 net sales +13% Global eCommerce sales grew 23% Global adv business grew ~ 33%, including 22% for Walmart Connect in the U.S. Press release   Walmart to buy TV maker Vizio for $2.3 billion in move to grow its […]

Target’s New Value Brand | C.Tire -6.8% | Retail Sales -0.8%

  Retail sales fall 0.8% in January from December as shoppers pause after strong holiday season at Yahoo/AP. “Excluding sales at auto dealerships and gas stations, sales were down 0.5%. The decline was bigger than the 0.10% drop that economists expected and marked the lowest monthly figure since March of last year.” Read more   […]

Kroger Pledges | Tide Pods Ban? | NIH Study | Tuna Surprise

  Kroger pledges to lower prices for consumers when its planned merger with Albertsons closes at MarketWatch. “Kroger Inc., facing regulatory pushback over its plan to merge with rival grocery chain Albertsons Cos. Inc. in a roughly $25 billion deal, said Tuesday it typically lowers prices for consumers after consummating a deal.” Read more | […]

Snoop Dogs WM | Poaching in Seattle | Costco +3.4%*

  Snoop Dogg, Master P allege Walmart, Post Foods hid their cereal in sabotage plot at CNBC. “Walmart said…“We will respond as appropriate with the Court once we are served with the complaint.”…At a media briefing Tuesday announcing the lawsuit, Master P said the suit “is about minority-owned companies getting a fair share.” Snoop Dogg said, […]

Costco Snags Kroger CFO | TaylorMade Sues Costco | Dick’s Concept @ AZ

  Costco Announces Richard Galanti Will Step Down as CFO, Names Gary Millerchip New CFO “Gary (served) as Senior Vice President and Chief Financial Officer at The Kroger Co. since April 2019. Gary spent 15 years at The Kroger Co., preceded by more than 20 years in banking…Richard will remain with the Company through January […]

Amazon 3rd Party Liable? | Lulu Men’s Shoes | CA Gov @ Target

  Amazon Could Face Government Order Making It Liable for Third-Party Products at WSJ. “The U.S. Consumer Product Safety Commission is preparing an order that could classify Amazon’s online retail business as a distributor of goods, according to people familiar with the matter. That designation could give Amazon the same safety responsibilities as traditional retailers […]