Sam’s AI Exit @120 | Springoween | #1 Billionaire by State | Cat Returns
Wayfair shares surge 17% after furniture retailer cuts losses by more than $100 million at CNBC. “Sales fell to $2.73 billion, down more than 1% from $2.77 billion a year earlier. The steepest drop-off came from Wayfair’s international segment, where sales declined nearly 6%…” Read more | Press release
Sprouts Q1 comp sales +4.0% / +7 new stores = 414 stores total Press release
Publix Q1 comp sales +2.8% Press release
Loblaw Q1 revenue +4.5%, as Reddit group’s boycott kicks off at CBC
DoorDash Q1 total orders increased 21% year-over-year Press release
NLRB judge found Amazon CEO Andy Jassy broke labor law by suggesting employees would be “less empowered” if they voted in a union at CNBC
India widens spices probe amid contamination concerns at Reuters. “India’s food safety regulator said on Thursday it had ordered testing and inspections at all companies making spice mixes, widening an investigation into the sector as global regulators look into suspected contamination in two popular local brands.” Read more
The Coolest Costco? The One in Mérida, Mexico That Has a Cenote at Thrillist. “It’s a natural cenote, so the clear water on the bottom is a guarantee—and Costco made sure its surroundings were pleasant to look at as well by adding a curated garden of plants.” Read more / Pics
***A message from Su Salsa: Put the lime in the dip – not the chip! Su Salsa Mild salsa has a hint of lime and cilantro flavor with a kick of jalapeno at the end. Presentation/Lime Green Label | Request sample: jlong@eyeonretail.net
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist at Reuters. “In the first quarter, CVS Health’s net income plunged 48% to $1.11 billion. It booked adjusted earnings of $1.31 per share on total revenue of $88.4 billion. Analysts expected earnings of $1.69 per share…” Read more
Home Depot’s viral Halloween skeleton quickly sells out before summer at Fox Business. “It isn’t even summer yet! Slow your roll!” one social media user commented. “If we can have Christmas in July, a little Springoween won’t hurt,” another person wrote in response.” Read more
The Richest Billionaire In Every State 2024 (Walton, Bezos, Menard, Morris…) List
Sam’s Club’s AI-powered exit tech reaches 20% of stores at TechCrunch. “…can now walk out of the store without having their purchases double-checked. The technology…has now been deployed at over 120 clubs across the U.S…members leave the store 23% faster. The retailer plans to expand the tech to all its stores by year-end.” Read more
eBay Q1 revenue up 2% Press release
Giant Eagle confirms ‘Scan Pay Go’ being dropped at five locations at WTAE ABC
Cat accidentally shipped with Amazon return from Utah to CA facility at ABC 13. “The animal’s owners said they had packed a box to return some shoes…They didn’t realize their cat, Galena, was hiding inside. Galena was trapped in the box with the Amazon returns for six days without food or water. An Amazon employee named Brandy rescued the cat from the box…” Read more