Costco +5.6% | Inside WM Clinic Exit | Costco Bday Meet Up
Costco April comp sales +5.6% Press release
Organized retail theft ring that targeted Macy’s, other retailers is charged in New York at CNBC. “Two New Yorkers were charged with possessing more than $1 million in stolen goods and reselling them through their business, Rehana’s Cosmetics, a perfume and cosmetics store in Midtown Manhattan, the borough’s district attorney Alvin Bragg said at a press conference. About $212,000 of the merchandise was stolen from Macy’s…” Read more
Insiders reveal why Walmart pulled the plug on Sam Walton’s dream to ’get the hospitals and doctors in line’ at Fortune/Yahoo. “While the company blamed “a challenging reimbursement environment and escalating operating costs” as reasons for pulling the plug on Walmart Health, the reality was likely more complicated, as the five-year experiment was also plagued by leadership turnover and at times internal politics, according to multiple sources familiar with its operations. It also faced a miscalculation of how many patients would be willing to pay in cash.” Read more
Costco-loving man caught off guard by loved ones in store for his surprise birthday party at Fox Business. “Emma Blevins planned the whole thing out for her husband Clint’s 27th birthday, which was on Sunday, she told Storyful. A more than four-minute-long video shows him gleefully walking through the store, coincidentally running into loved ones and even explaining to one group that it is his birthday.” Read more/Video
Amazon rolls out fleet of heavy-duty electric trucks at GeekWire. “…has begun rolling out nearly 50 heavy-duty all-electric trucks in Southern California — its largest such fleet — to handle first- and middle-mile operations…” Read more
Ingles Markets Q2 net sales down 0.95% Press release
***A message from Su Salsa: Put the lime in the dip – not the chip! Su Salsa Mild salsa has a hint of lime and cilantro flavor with a kick of jalapeno at the end. Presentation/Lime Green Label | Request sample: jlong@eyeonretail.net
NYC’s hottest new hamburger is from a gas station at NY Post. “The tiny hamburger joint Smacking Burger has opened inside of a working gas station — which happens to be the last one in Manhattan below 14th Street. On a recent Saturday, the owners said they served some 800 customers.” Read more
The Buckle April comp sales down 6% Press release
America’s Cash for Clunkers Is Back—in China at WSJ. “Beijing isn’t just dangling financial incentives to trade in old jalopies for new vehicles, though, as the U.S. did. It also wants households to swap out rickety home appliances and factories to get new equipment. Beijing has billed the trade-in program as a long-awaited stimulus package aimed at lifting consumer spending, although economists are doubtful the effect will be large.” WSJ subs.
US Foods Q1 net sales up 4.8% Press release
Loblaw boycott organizer says she met with CEO to talk about grocery prices at Yahoo
Walmart has taken delivery of a Tesla Semi at Teslarati. “X user Accelerating Tech posted photos of a Walmart-branded Tesla Semi on Saturday, as spotted just a day earlier in Stockton, California.” Read more/Pics
…Tesla expands Semi testing program, partners with Costco, Sysco, and US Foods at Drive Tesla. “…in two separate sightings shared online this week a Tesla Semi has been seen pulling a Costco trailer.” Read more
Warby Parker Q1 net revenue up 16.3% Press release