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Tractor Supply Q3 comp store sales +3.9% “Net Sales Increased 7.2%…Comparable Average Transaction Growth of 2.7%…Gross profit increased 7.7%” Press release As many retailers shrink their footprints, Dick’s Sporting Goods goes big at CNBC. “The retailer is building more sprawling “House of Sport” stores, which typically come in at 120,000 to 150,000 square […]
Inside Amazon’s Plans to Replace Workers With Robots at NY Times. “…interviews and a cache of internal strategy documents viewed by The New York Times reveal that Amazon executives believe the company is on the cusp of its next big workplace shift: replacing more than half a million jobs with robots.” NY Times subs. […]
Walmart U.S. CEO John Furner says American manufacturing comeback is real at CNBC. “Furner was uncertain about the future (of tariffs). “As policies change, they’ll change. Environments will change. That happens. Commodities change,” he said. “We’ve landed in a place where we have more rollbacks going into the fall than we had at the beginning […]
Walmart Partners with OpenAI to Create AI-First Shopping Experiences “For many years now, eCommerce shopping experiences have consisted of a search bar and a long list of item responses. That is about to change. There is a native AI experience coming that is multi-media, personalized and contextual. We are running towards that more enjoyable […]
Costco September comp sales (ex fuel & f/x) +6.0%: US +5.0% / Canada +9.3% / Other Int’l +7.5% / Digitally enabled +26.3% Press release China’s Golden Week holiday spending dips in latest red flag for economy at Reuters. “Chinese holidaymakers’ average spending dipped to a three-year low over this year’s eight-day Golden Week […]
Why Did Walmart Just Buy a Shopping Mall? at NY Times. “Walmart owns most of its store sites, but its new purchase makes it a landlord to other merchants, too. If the Monroeville project goes well, it could serve as a template for a new way for Walmart and other large players to grow. […]
WIC funding could run short in days at Reuters. “Montana Governor Greg Gianforte’s Republican administration said WIC funding will be provided through “at least the next month” and Connecticut’s Ned Lamont, a Democrat, promised in a pre-shutdown video the state will keep WIC services for new mothers in the near term.” Reuters subs. […]
‘You Can’t Run From Fear’: American Eagle’s CEO on the Sydney Sweeney Fallout at WSJ. “Schottenstein, an Orthodox Jew, was perplexed at the criticism that the campaign smacked of eugenics…He said his mother-in-law grew up in Nazi Germany and watched as the synagogue across the street from her home was burned to the ground. “I’m […]