Tipsheet: Costco +9% | HEB #1 Grocer | WM +134 Mex | JCP -7.5%
Costco December comp sales +9.0% / E-com +43.1% “For the 18 weeks ended January 5, 2020, the Company reported net sales of $56.99 billion, an increase of 7.5 percent from $52.99 billion during the similar period last year.” Press release
Bed Bath & Beyond Q3 comp sales -8.3% Press release
…Bed Bath & Beyond still plans to close 60 stores but officials say 20 closures will be delayed by Charisse Jones at USA Today. “It’s clear we have some heavy lifting to do,” (Mark) Tritton said. “We’re experiencing short-term pain, some of which has been self-inflicted.” Read more
JC Penney says holiday same-store sales fell 7.5% at CNBC. “The retailer said that its adjusted same-store sales — which exclude the impact of its exit from major appliance and furniture categories — were down 5.3%.” Read more
H-E-B Dethrones Trader Joe’s as Top U.S. Grocery Retailer by dunnhumby. “2) Trader Joe’s, 3) Amazon, 4) Market Basket, 5) Wegmans, 6) Costco, 7) Aldi, 8) Sam’s Club, 9) Walmart, 10) Publix, 11) WinCo Foods…” Press release
Kohl’s shares tank on dismal holiday sales results, lowered outlook at CNBC. “Kohl’s said same-store sales during November and December fell 0.2% due to weakness in its core women’s apparel business, leading it to lower the bar for its full-year outlook.” Read more
Walmart opened 134 stores in Mexico in 2019, biggest expansion in six years at AP. “Walmart now runs 3,407 stores in Mexico, where it has more locations than in any other country outside the United States…Nearly all the new units belong to the Bodega Aurrera family of stores, including the small, no-frills Bodega Express that is cheaper and quicker to build than Walmart’s bigger formats.” Read more
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PriceSmart December comp sales -0.1% Press release
Inside Amazon’s CES media event by Taylor Soper at GeekWire. “To add a little starpower to the experience, it brought out celebrity chef Guy Fieri, who talked about the Food Network Kitchen integration with Alexa…Fieri needed some help, so he called out “a buddy of mine.”…(then) Shaquille O’Neal stepped out.” Read more/Pics
Target to sell fake beef from meatless turkey maker Tofurky at Fox Business. Read more
Welcome to Walmart. The Robot Will Grab Your Groceries. by Sarah Nassauer at Wall Street Journal. “A store worker can collect around 80 products from store shelves an hour, estimated John Lert, founder and chief executive of Alert Innovation, the startup that has worked with Walmart to design the system dubbed Alphabot. It is designed to collect 800 products an hour per workstation, operated by a single individual, Mr. Lert said.” WSJ subs.
Diapers and feminine hygiene products are now tax-free in California at The Hill. Read more
eBay exec David Doctorow will become chief executive of Move Inc., operator of realtor.com at NY Post. Read more
lululemon Appoints Nikki Neuburger Chief Brand Officer “Ms. Neuburger joins lululemon from Uber…Previously, Ms. Neuburger spent 14 years at Nike, most recently serving as the company’s Global Vice President of Nike Running.” Press release
Lowe’s Names Marisa Thalberg Chief Brand and Marketing Officer “Thalberg joins the company most recently from Taco Bell where she served as global chief brand officer. Thalberg brings to Lowe’s more than 25 years of marketing and branding experience….She also founded Executive Moms, an organization for working mothers.” Press release
Home improvement marketplace Porch raises $21M by Nat Levy at GeekWire. Read more
Tipsheet Extra
Jeff Bezos throws Lauren Sanchez two 50th birthday parties
New Mexico to host world’s largest meeting on chili peppers
Amazon and Discovery cook up ‘Food Network Kitchen’ streaming service
Vicks New No. 1 Radio Advertiser
Woman’s bulldog crushed beneath grooming table at PetSmart
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