Costco +6.4% | McLay or Nicholas? | Denim Spots +70% | DG +2.5%
Costco November comp sales (ex-fuel & f/x) +6.4% : US +5.8% / Canada +8.3% / Other Int’l +8.0% / Digitally-Enabled +16.3% Press release
Dollar General Q3 comp sales +2.5% Press release
McLay, Nicholas touted as top prospects for Walmart U.S. job at Talk Business. “When Walmart U.S. CEO John Furner moves up the Walmart corporate ladder following the announced Jan. 31 retirement of Walmart CEO Doug McMillon, the short list to replace Furner includes Kath McLay and Chris Nicholas. McLay is president and CEO of Walmart International, and Nicholas is president and CEO of Sam’s Club.” Read more
Venmo announces it is ‘back up and running’ following widespread service outage at AP
Tired Americans Are Spending More Just to Avoid Chores at Bloomberg. “Samsung sells a similar (washer-dryer combo) model in the US that claims it can do a load in as little as 98 minutes for around $2,000. Sales of Samsung’s washer-dryer combo have been so strong since its 2024 US debut, that the company launched an updated version earlier this year. The electronics maker saw a two-fold increase in sales in the category during the first three quarters of 2024, a Samsung representative said.” Bloomberg subs.
Dollar Tree, Inc. Q3 comp sales +4.2% Press release
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We tested ‘Amazon Now’ in Seattle — and got our delivery in 23 minutes at GeekWire. “My 18-year-old watched me as I stood at the window waiting for the driver and asked, “What is it, like DoorDash?” “I guess so,” I said.” Read more
Meijer employee and Army vet Ed Bambas, 88, will receive $1.5M in donations in surprise ceremony at work after internet rallied to help him retire at NY Post
Beyonce, Sydney Sweeney and a fight for relevance: How American Eagle, Gap and Levi sparked a new ‘denim war’ at CNBC. “Industrywide, brands aired nearly 70% more denim TV spots this year compared with last, as the global jeans market swelled to $101 billion, up 28% since 2020, according to data from TV outcomes company EDO and market research company Euromonitor International.” Read more
Walmart Opens Second Owned and Operated Milk Processing Facility in Valdosta, Georgia Press release
Why Are So Many Women Dreaming of Rustic Domesticity? at WSJ. “An old friend, Aleksandra Crapanzano, who recently published a cookbook, “Chocolat,” has had a front-row seat to the comforting ascendance of the domestic arts. At readings and events, people tell her, “We need chocolate now more than ever.” On an airplane, recently, she noticed that when the stewardess came around offering coffee and tea, a surprising number of adults opted for hot chocolate. She tells me she knows lots of people who read recipes to fall asleep when they are anxious or jittery.” WSJ subs.
Target Needs More Than a Vibe Shift to Turn Its Business Around at Bloomberg. “Before turning over the stage to his successor, Cornell chokes up, pats his chest and starts to cry, his tearful face massive on the arena’s five jumbotrons. No matter that he’s leaving behind unhappy investors, dissatisfied customers and a disillusioned workforce. This morning at the Target Center, at least, he’s the object of affection. Plus, he’s not really going anywhere. When Fiddelke becomes CEO, Cornell will stay on as executive chairman, meaning Fiddelke will still answer to his longtime boss.” Bloomberg subs.
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