Ellison @ CNBC | D.Tree Bougie | Amazon Autos @ 130 Cities
Lowe’s CEO @ CNBC This Morning “CNBC’s “Squawk Box” team discusses Lowe’s business performance, its new subscription service HomeCare+ and more with Lowe’s CEO Marvin Ellison.” 4:16 video
China’s exports grew 2.5% in March in a sharp slowdown as Iran war raises uncertainty AP News
Wholesale prices rose 0.5% in March, much less than the 1.1% expected at CNBC
Albertsons Companies, Inc. Q4 ID Sales +0.7% “In the fourth quarter of fiscal 2025, the Company recorded a loss of $773.8 million…related to the opioid settlement framework announced today…” Press release
NRF: Top 50 Global Retailers 2026 List
Amazon to acquire Globalstar and expand Amazon Leo satellite network “…Amazon will continue to support iPhone and Apple Watch models currently using Globalstar’s existing and planned upcoming low Earth orbit satellite constellations.” Press release
Rural King Celebrates 150th Store Opening Press release
Dollar Tree besieged by bougie influencers prowling for beauty bargains at NY Post. “Instead of dropping $40 on a serum or blush from buzzy brands…beauty-obsessed creators on TikTok and Instagram are loading their baskets with $1.25 “shockingly good” Dollar Tree goodies from budget brands like L.A. Colors and Ioni Cosmetics…” Read more
Forbes 250 – The Greatest Self-Made Americans (Arthur Blank #37, Ken Langone #44) List
The Walmart billionaires next door: Quiet backlash is brewing against the heirs who remade the retailer’s hometown at Fortune. “It’s evident that, despite their generosity, at least some of the goodwill the Waltons have generated over decades has begun to erode. Some accuse the family of gentrifying the town, or treating it like a kind of feudal society. Others were reluctant to talk to a reporter about the Waltons at all. “You don’t want to bite the hand that feeds you,” one local company owner told me.” Fortune subs.
Texas Attorney General Paxton probes Lululemon on ‘forever chemicals’ at The Hill
Amazon’s Car Sales Bet Is Getting Bigger With New Brands and More Cities at WSJ. “The e-commerce giant has quietly expanded its car sales business over the past year and a half. What started as an experiment with Hyundai Motors has grown in recent months to include vehicles from Kia, Mazda, Subaru, Chevrolet and Jeep. The service, called Amazon Autos, is active in over 130 cities, including Los Angeles, Dallas and New York…” WSJ subs.
In Winner-Take-All Markets, Diversification Is a Liability at Harvard Business Review. “In moderately competitive industries, such as fast-moving consumer goods, the flexibility advantage derived from resource redeployability rises dramatically…But in winner-takes-all markets, the relationship between competitiveness and redeployability flips. Such sectors, which include tech, feature low product differentiation or large investment requirements.” Read more