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“Target’s Lean Inventory Problem: Out-of-Stock on 60% of Top Toys; Where are the Green Beans?” by Thomas Lee at Star-Tribune. “Out-of-stocks seem to be more frequent in groceries, with customers complaining that even SuperTargets frequently run out of basic items. “I went to Target two days before Thanksgiving and they were completely out of […]
“Amazon Launches ‘Pantry’ to Take on Costco/Sam’s/BJ’s” by Alistair Barr at USA Today. “Amazon has the clubs in their cross hairs,” said Keith Anderson, who leads RetailNet Group’s Digital Advisory practice.”This will be a potential issue for Costco.” Warehouse club members tend to be higher income households with kids — the type of shoppers […]
Costco’s Q1 Earnings Call: Quick Summary: Plan 30 New Stores in ’14; Ramping up Int’l; Online not a Major Focus. Heard on the Call: Richard Galanti – CFO * We opened 13 locations during the first quarter of fiscal 2014. Since the end of the Q1, we have opened in Q2 two new locations, one […]
“Costco’s Same-Store Sales +3% in Q1 2014” “Comparable sales for the twelve-week period, excluding negative impacts from gasoline price deflation and foreign exchange, were 5%” Read the Company Release “Costco’s Q1 Earnings Call @ 8am PT this Morning” Listen to the Webcast “Costco Earnings Per Share of $.96 Misses Street Estimate by […]
Costco Releases Q1 ’14 Earnings Tomorrow. Preview: “Rise In Membership Will Lead To Growth; Online Business Most Viable Growth Engine” at Seeking Alpha. “Costco’s online sales account for only 2% of its overall revenues, suggesting that there is a huge room for improvement…About 80%-90% of its products offered online do not overlap with the […]
“Walmart #1 Beneficiary of ‘Webrooming’ “ by Michelle Groenke at UPI. “Webrooming” — researching a product online before going to the store to make the actual purchase — appears to be the shopping trend to watch this season…The survey found 26 percent of webrooming shoppers head to Walmart to make their purchase, followed by […]
“Walmart Ads for NBC’s “Sound of Music” Sounded Just Like the Show” by Brian Steinberg at Variety. “The ads will use oft-sung tunes such as “My Favorite Things,” “So Long, Farewell,” and “Do-Re-Mi” – all featuring the Brooks clan using products from Walmart. In one ad, the family will be shown cooking in the […]
“Costco Miss: November Same-Store Sales Up 2% vs. expected 3.3%” at Reuters. “Excluding the negative impact of foreign exchange and falling gasoline prices, same-store sales rose 4 percent. For the twelve-week first quarter ended Nov. 24, the company reported net sales of $24.47 billion, an increase of five percent.” Read more “Costco’s Earnings […]