FedEx/UPS Price War | Marcus Funeral | Bead Bonanza | Costco +5.1%
Costco October comp sales up 5.1% (US +4.1% / Canada +8.0% / Other Int’l +7.1% / Ecom +19.3%) Press release
TODAY – Family, friends and community members to gather at memorial service for Bernie Marcus at WSB-TV 2. “A funeral service will be held for Marcus at The Temple in midtown Atlanta on Thursday afternoon…Marcus particularly focused on improving the health of others. He helped fund health centers and hospitals in Atlanta from Piedmont Hospital’s Marcus Heart and Vascular Center to the Shepherd Center.” Read more
Canada Goose Q2: Total revenue decreased 5% / DTC comp sales down 13% Press release
Food companies sell products that are less healthy in poorer countries, says report at Reuters. “It’s a very clear picture that what these companies are selling in the poorest countries in the world, where they are more and more active, are not their healthier products,” said Mark Wijne, research director at ATNI…” Read more
SpartanNash Q3: Retail segment net sales up 1.9% / Retail comp store sales down 0.7% / Wholesale segment net sales down 1.6% Press release
FedEx and UPS Locked in Price War to Lure Small Businesses at WSJ. “Until recently, it was unheard of for shippers with less than $500,000 in annual shipping expenses to get a break on fuel surcharges, for example, said Robert Persuit, an executive at ShipMatrix, a shipping consulting firm. Now, he said, “no customer is too small to be considered for discounts.” WSJ subs.
Wayfair COO Thomas Netzer Stepping Down After Six Years Press release
***Sensi Smart Thermostats can save you about 23% on HVAC energy costs. We don’t sell personal data to anyone, for any reason. 100+ years of HVAC experience. Beautiful design and easy DIY install. Website | Details: info@eyeonretail.net
Jeff Bezos congratulates Trump on ‘extraordinary’ comeback at GeekWire. “The post was Bezos’ first on X since July 13, when he reacted to the assassination attempt on Trump while the Republican candidate was campaigning in Pennsylvania this summer.” Read more
CVS Q3: Total revenues up 6.3% / Operating income down 77.5% Press release
…Prem Shah will be Group President, and will continue to report to David Joyner, President and CEO…announced the appointment of Steve Nelson as President, Aetna Press release
Buc-ee’s had nine states call it their favorite gas station chain, more than any of its rivals at My SA / Freebets Read more
Taylor Swift shows spark beading bonanza and big sales for crafting retailers at CBC News. “Craft supply chain Michaels, which will provide more than five million beads to a “Taylgate” party before Swift’s Toronto shows, has said it sees a 300 per cent sales lift in its beads and jewelry categories in the days leading up to the concert in the city she is about to visit.” Read more
US Foods Q3: Grew Net Sales 6.8% / Total case volume increased 3.8% Press release
US weekly jobless claims increase moderately at Reuters. “The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting no material change in labor market conditions and reinforcing views that hurricanes and strikes had resulted in job growth almost stalling in October.” Read more
Walgreens to pay $100M to resolve lawsuit over generic drug pricing at Yahoo