RH -40% | Wayfair -25% | Duty-Free Ends 5/2

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De minimis trade loophole that boosted Chinese online retailers to end May 2 at CNBC. “Wednesday’s announcement…gives customs officials, retailers and logistics companies more time to prepare. Goods that qualify under the de minimis exemption will be subject to a duty of either 30% of their value, or $25 per item. That rate will increase to $50 per item on June 1, the White House said.” Read more

 

RH Q4 revenue +10% Press release

 

…RH’s stock slammed by new tariffs and outlook, but CEO offers this praise for Trump administration at MarketWatch. “That would-be new world greeted the luxury-furniture chain harshly. Shares of RH tumbled 26% after hours…” Read more

 

…‘Oh, sh—’: RH CEO reacts live to stock tanking on tariffs, poor earnings at CNBC. “RH CEO Gary Friedman watched the luxury furniture retailer’s stock tank during its earnings conference call with analysts Wednesday amid the unveiling of President Donald Trump’s tariff policy.” Read more

 

Dollarama Q4 comp sales +4.9% Press release

 

No, Home Depot isn’t charging parking fees: April Fools’ Day prank sparks rumors at USA Today. “Pro Tool Reviews Editor-in-Chief Kenny Koehler said the online publication does April Fools’ Day prank articles every year, though they typically don’t generate as much conversation.” Read more

 

Amazon reportedly submits last-minute bid to acquire TikTok at TechCrunch

 

Walmart to Ramp Up Use of Interactive Product Videos at Path to Purchase. “Eko’s technology is designed to enhance the product detail page, which the company said has lacked innovation over the last 30 years, by making it more interactive for shoppers.” Read more

 

Target and kate spade new york Partner Press release

 

Neiman Marcus and Ralph Lauren Unveil Exclusive ‘Patchwork Americana’ Collection Press release

 

Amazon to send fleet of satellites to space in step to provide internet service for customers at Fox Business. “The satellites will travel at a speed of more than 17,000 miles per hour on orbit and circle the planet about every 90 minutes.” Read more