Target +1.5% | B.Buy +0.5% | Produce Up | Dow Down

 

Trump tariffs: Mexico says it will retaliate, joining Canada and China – Dow Drops 650 Points CNBC

 

Target Q4 comp sales+1.5 % / Digital Q4 comp sales +8.7% Press release

 

…Target warns February sales were soft at CNBC. “Target on Tuesday warned that it expects a “meaningful” drop in first-quarter profit…as it contends with “ongoing consumer uncertainty,” soft sales in February and concerns around tariffs.” 6:27 Cornell video/Read more

 

…Tariffs may force Target to raise prices on fruits and vegetables in the next couple of days at CNN. “Cornell said Target relies heavily on Mexican produce imports during the winter. ‘Those are categories where we’ll try to protect pricing, but the consumer will likely see price increases over the next couple of days,’ he said.” Read more

 

Best Buy Q4 comp sales +0.5% “…comparable sales guide in the range of flat to 2% growth for the year, with growth weighted more to the second half of the year based on the timing of product launches and initiatives.” Press release

 

Albertsons names Susan Morris new CEO Press release

 

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Walgreens Nears Roughly $10 Billion Deal to Go Private at WSJ. “Walgreens is closing in on a deal with private-equity firm Sycamore Partners that would take the struggling drugstore chain off the public market for around $10 billion, according to people familiar with the matter…The sides are aiming to complete a deal as soon as Thursday…They have been discussing Sycamore paying between $11.30 a share and $11.40 a share in cash, the people said.” WSJ subs.

 

Publix Q4 comp sales +4.1% Press release

 

Oscars host Conan O’Brien delivers jokes about Amazon and Jeff Bezos at GeekWire. “O’Brien also shared what he said was footage of Bezos arriving on Oscars red carpet. The video showed an Amazon delivery driver dropping off a long box. “There he is! He seems undamaged,” O’Brien joked. But when cameras cut to the audience and an empty seat, O’Brien wondered where Bezos was. More footage from outside the theater showed a “porch pirate” making off with the Bezos box.” Read more

 

Nordstrom Q4 total company net sales down 2.1% Press release

 

On a quest to revive the woolly mammoth, Colossal Biosciences has created a woolly mouse at TechCrunch. “In addition to working on a woolly mammoth, the company aims to bring back the Tasmanian tiger and the dodo bird. But that 2028 goal might not be realistic…” Read more

 

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