PPI Pops | WM MAHA | Coach +14%
Wholesale prices rose 0.9% in July, much more than expected at CNBC. “The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared to the Dow Jones estimate for a 0.2% gain. Excluding food and energy prices, core PPI rose 0.9% against the estimate for 0.3%. Excluding food, energy and trade, the index was up 0.6%, the biggest gain since March 2022.” Read more
Advance Auto Parts Q2 comp sales +0.1% Press release
Tapestry, Inc. Q4 revenue +8.0% : Coach +14% / Kate Spade -13% Press release
Walmart broadens 10% staff discount to include most grocery products at Reuters/Yahoo. “Walmart…had previously extended its grocery discount during the holidays, but the perk will now be available year-round…” Read more
…Walmart’s New Employee Perk Takes a Bite Out of Workers’ Grocery Bills at WSJ. “Walmart U.S. Chief Executive John Furner and a Miami-area store manager announced the news Wednesday on stage at a Houston gathering of store managers, prompting a standing ovation…Whole Foods…offers workers a 20% discount on most in-store purchases from the first day of employment. Target offers a 20% discount on fresh and frozen produce and some store-brand items and a 10% discount on most other goods…” WSJ subs.
Gallup: Why many Americans are rethinking alcohol at AP. “A record high percentage of U.S. adults, 53%, now say moderate drinking is bad for their health, up from 28% in 2015. The uptick in doubt about alcohol’s benefits is largely driven by young adults…” Read more
There’s Money to Be Made in ‘MAHA.’ Food Companies Want In. at NY Times. “Mason Shaw, who oversees what Walmart stocks in its baking aisles, couldn’t figure out why an earthy green powder called moringa was selling so well. Even after Lisa Curtis, whose line of moringa-based drink mixes has been in Walmart since 2019, told him that the market for so-called superfoods was growing fast, he still didn’t get it. Then, a year ago, Mr. Shaw sat down to watch “The Tucker Carlson Show.”…” NY Times subs.
Amazon launches same-day delivery of fresh food in 1,000+ U.S. cities – plans to expand to at least 2,300 locations by the end of 2025 Press release
**A message from Comfy Sacks: Kids and adults love our foam-filled, long-lasting and soft bean bag chairs. Genius design + comfort. Made in USA. Website | Program details: info@eyeonretail.net
Delivery drones may soon take off in the US at AP. “Wing CEO Adam Woodworth said drone delivery has been in “treading water mode” in the U.S. for years, with service providers afraid to scale up because the regulatory framework wasn’t in place. “You want to be at the right moment where there’s an overlap between the customer demand, the partner demand, the technical readiness and the regulatory readiness,” Woodworth said. “I think that we’re reaching that planetary alignment right now.” Read more
Ex-Kroger CEO must reveal ‘embarrassing’ details about his abrupt exit thanks to lawsuit involving Jewel at NY Post
Shein’s Second “Tools Day” Event Highlights Over 60 Innovations Press release
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