Dick’s +5% | DG +2.8% | B.Buy +1.6% | Wgreen +CEO

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Dick’s Q2 comp sales +5.0% / Raises full year 2025 comp guidance to a range of 2.0% to 3.5% Press release

 

…Dick’s beats Wall Street’s expectations on the top and bottom lines at CNBC. “…Stack said new drops from Nike’s revamped running portfolio, including the Pegasus Premium and the Vomero Plus, are performing so well, it can’t keep the shoes in stock. “Anything that’s new, innovative and kind of the cool factor, is blowing out,” Stack said.” Read more

 

Best Buy Q2 comp sales +1.6% – highest growth in three years Press release

 

Dollar General Q2 comp sales +2.8% /  1.5% increase in customer traffic and a 1.2% increase in average transaction amount Press release

 

Walgreens now operating as private standalone company / Names new CEO “Mike Motz has been appointed as Chief Executive Officer of Walgreens effective immediately. Motz was formerly CEO of Staples US Retail, a Sycamore portfolio company. Prior to that, he served as President of Shoppers Drug Mart, the No. 1 pharmacy chain in Canada.” Press release

 

Dollar Tree and Uber Partner –  $10 off of orders $30 or more Press release

 

Mexico suspends postal shipments to United States over tariff confusion at Politico. “…ahead of an end to the exemption on tariff duties for low-value packages…follows similar moves by postal services from the European Union and several other countries to pause shipping as they await more clarity on the U.S. measure.” Read more

 

Cramer talks retail:

  • Williams-Sonoma is a textbook case of overcoming pretty much everything President Donald Trump has thrown at private industry and yet keeps on ticking. 
  • The turnaround at the most unlikely Five Below continues through dint of great management. Really extraordinary turn.
  • Dollar General blew out the numbers and raised guidance…How could the analysts be so wrong?

 

Coming Soon to Whole Foods Staff: a Job Offer From Amazon at WSJ. “The Amazonification of Whole Foods Market is nearly complete. On Nov. 10, Amazon.com plans to extend new employment offers to Whole Foods’ U.S. corporate employees…Whole Foods corporate employees will have access to an Amazon discount and healthcare benefits. They will lose certain Whole Foods perks, such as their in-store discount and four weeks of remote work a year, the memo said.” WSJ subs.

 

India’s Race to Deliver Everything, Instantly at Bloomberg. “It’s a model that has burned through mountains of cash — and flamed out — in nearly every other major market. Yet investors are betting that India will be different. With dense cities, low labor costs, and a rising class of more than 730 million digital-first Gen Z and millennial consumers accustomed to instant services, the country may be the one place where 10-minute delivery can finally work at scale.” Bloomberg subs.

 

Walmart Leadership to Participate in Upcoming Investor Events Press release

 

Relieved Kohl’s investors give the stock a 20% boost at Fortune/Yahoo. “…a much better than expected adjusted profit, thanks to cost discipline and leaner inventory… the big stock pop is in large part the result of one-third of Kohl’s shares being held short…” Read more

 

Build-A-Bear Workshop Q2 total revenue +11.1% Press release

 

Dollarama sales rise 10% as discount retailer expands to Australia, Mexico at Financial Post. “In Canada, Dollarama’s comparable store sales rose by 4.9%, which was above the consensus of 4%…” Read more

 

Ace Hardware Q2 revenue +3.9% / Comp sales down 0.8% (from 4,000 retailers that report) Press release

 

Mark Andol, Retailer Who Sold Only 100% Made-in-U. S. Items, Dies at Age 59 at WSJ. “Though his store offered thousands of items—including plastic fly swatters, Cheese Please dog treats, cowboy hats made of vinyl and EZ-Duz-It manual can openers—Andol knew he couldn’t challenge Walmart or Target as a seller of general household stuff. “We don’t have one thing that plugs in or takes a battery that we can sell,” he said in a Rotary Club talk last year. As a nation, “we’ve been to the moon but we can’t build a toaster.” Also missing: the latest fashions in clothing.” WSJ subs.