H.Depot -0.3% | F.Dollar +MacNaughton | Lowe’s +Togetherness
Home Depot Q1 comps down 0.3% “…sales of $39.9 billion for the first quarter of fiscal 2025, an increase of 9.4%” Press release
…Home Depot CFO says retailer doesn’t plan to raise prices due to tariffs at CNBC. “Sales patterns improved as the quarter went on, McPhail said. Comparable sales declined 3.3% year over year in February, increased 1.3% from the prior-year period in March and rose 1.8% year over year in April…”we’ve seen the level of customer engagement that we saw in April continue into the first few weeks of May,” (McPhail) said.” Read more
Fortune Reveals the 2025 100 Most Powerful Women in Business List Press release
Walmart top execs tout benefits of mentoring, financial literacy at Talk Business. “Doug McMillon and Kieran Shanahan, the chief operating officer of Walmart U.S…recently participated in a fireside chat in Rogers to discuss the benefits of mentoring in their long retail careers…McMillon said later that day he would teach the importance of compound interest to 13-year-old students at Washington Junior High in Bentonville.” Read more
Family Dollar Names Duncan MacNaughton Chairman and Chief Executive Officer Press release
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After a Corporate DEI Rollback, Lowe’s Is Focusing on ‘Togetherness’ by Adweek. “Through “10 Million Square Feet of Impact,” the home improvement company and its 300,000 employees will rebuild everything from neighborhood parks to community gardens and food pantries…It will be backed by a 360-degree campaign, “We’re Here To Help,” which spans social, TV, streaming, radio, and NFL games.” Read more
RH Announces the Appointment of Lisa Chi as President, Co-Chief Merchandising & Creative Officer Press release
Target cuts prices on same-day delivery orders from over 100 retailers at Yahoo. “Previously, Circle 360 customers would have to pay a more for same-day delivery products ordered from Target’s network of retailers, which includes CVS, PetSmart, Lowe’s, and Hy-Vee, and are delivered via Shipt…Target estimates that this will save shoppers around $20 per order.” Read more
Kroger closes Ship marketplace for home delivery of third-party products at USA Today
Levi Strauss to sell Dockers to brand management firm Authentic Brands Group at CNBC. “While khakis have fallen out of favor in the U.S., Dockers is still popular abroad, which is what makes a brand management company a strategic fit, according to people who have seen Dockers’ financials and spoke on the condition of anonymity because the details were private.” Read more
SpartanNash Names Matt Plumb Vice President, Marketing, Retail Banners Press release
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