Kohl’s Craters | Dick’s +6.4% | Boomers Not Budging
Dick’s Sporting Goods Q4 comp sales +6.4% Press release
…Dick’s Sporting Goods is latest retailer to forecast rocky 2025 at CNBC. “In the year ahead, Dick’s is expecting earnings per share to be between $13.80 and $14.40, well short of Wall Street estimates of $14.86…” Read more
Kohl’s Q4 comp sales down 6.7% Press release
…Kohl’s downbeat annual sales forecast sends shares tumbling at Yahoo. “Kohl’s expects 2025 comparable sales to decline 4% to 6%, compared with estimates for a 0.9% drop, according to data compiled by LSEG. Earnings per share is projected in the range of 10 cents to 60 cents, compared with estimates of $1.23.” Read more
How America Got Hooked on H Mart at Bloomberg. “The internet is full of people ogling at H Mart’s fabled snack aisles and the treasures of its freezer cases. “I low-key feel like I’m blacking out, and it is just too early for that, but I am already obsessed with this store,” goes the narration on a first-visit-to-H Mart TikTok video seen more than 1.5 million times. Almost a decade after experts said millennials were shunning supermarkets (perhaps permanently!) in favor of dining out or ordering in, the grocery store has become a playground for those seeking out luxurious and hard-to-find foods.” Bloomberg subs.
United Natural Foods, Inc Q2 net sales +4.9% Press release
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CVS is opening smaller stores that only have pharmacies at CNN. “…opening around a dozen stores this year that are about the half the size of its traditional layout and have only a pharmacy — ditching the front-end of the store that traditionally has sold snacks, greeting cards and other consumer staples.” Read more
The 2025 World’s Most Ethical Companies Honoree List (Best Buy, Kohl’s…) Read more
How Walmart Built the Biggest Threat Amazon Has Faced at WSJ. “Walmart’s Spark delivery system, powered by a network of freelance drivers, has enabled the retailer to expand its same-day delivery reach to 93% of U.S. households, offering a competitive advantage over Amazon.” WSJ subs.
Boomers are setting up a showdown with millennials, aging in place and plunking down hundreds of thousands on renovating their homes at Fortune/Yahoo. “A 2024 Redfin analysis found empty-nest boomers own 28% of the country’s largest homes, those with three bedrooms or more; and millennials with kids own only 14%…there’s simply no financial incentive for the former group to let go of their homes.” Read more
Dollar General Expands Dolly Parton Kitchen and Housewares Collection Press release
Loblaw introduces ‘tariff’ symbols on products with higher prices due to trade war at National Post. “Loblaw’s “tariff” symbol consists of a letter T inside a white triangle over a grey box…” Read more
Costco set to open 4 US stores this week at USA Today. “Two stores are set to open in Texas while others will open in Michigan and Massachusetts. The company opened two stores in California late last week.” Read more
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