Tipsheet: Kroger +10.9% | @ C-store 15 Min. | Costco +14.6% | D.Gen +12.2%
Costco November comp sales (ex. fuel & f/x) +14.6%
…Costco US +14.2% / Canada +15.8% / Other Int’l +16% / Ecom +70.9% “…reported net sales of $15.67 billion for the retail month of November, the four weeks ended November 29, 2020, an increase of 15.1 percent from $13.62 billion last year.” Press release
Kroger Q3 ID sales (ex. fuel) +10.9% / Digital +108% Press release
2020 Holiday Sales: How, Where and When Consumers Are Buying at Wall Street Journal. “On Black Friday, electronics stores saw almost four times as much revenue from online credit-card purchases as they did in 2019. Other data trackers say U.S. shoppers are spending less than last year. According to a survey by the National Retail Federation and Prosper Insights & Analytics, consumers spent an average of just under $312 on holiday-related purchases from Thanksgiving to Cyber Monday, down 14% from 2019 but on par with 2018.” WSJ subs.
Dollar General Q3 comp sales +12.2% “Net sales increased 17.3% to $8.2 billion in the third quarter of 2020 compared to $7.0 billion in the third quarter of 2019.” Press release
Michaels Q3 comp sales +16.3% / Digital +128% Press release
Walmart CEO Doug McMillon says Walmart+ will focus on experience and gradually add perks as it scales up at CNBC. “One of the worst things we could do would be to sell a bunch of Walmart+ memberships and then have them be dissatisfied because they can’t get fast delivery times or spots,” he said Wednesday at the Morgan Stanley Virtual Global Consumer & Retail Conference.” Read more
UPS places shipping cap on some of its largest retailers as holiday shopping booms at CNN. “The new limits were first reported by the The Wall Street Journal, which said the retailers included brands such as Nike and Gap. “Knowing the unique constraints the industry is facing this peak season, we worked with our carriers early on to collectively build a strategic plan of execution,” Gap said in a statement.” Read more
Burlington Stores sends offline media account to Lockard & Wechsler Direct at Ad Age. “The retailer hands its media business to the performance marketing shop only two years after enlisting Horizon Media as its lead agency.” Ad Age subs.
**A message from the Kitchenology 4-In-1 Scrub Bar™ – Featuring a different abrasive strength on each side. Regular sponge, medium-duty, heavy-duty & super-duty. Ergonomic perfection | Samples: info@eyeonretail.net
Walgreens Introduces Walgreens Advertising Group “wag is more than a media network. In addition to shopper activation points, wag offers brands enhanced audience and shopper insights, creative services, and robust optimization and measurement…” Press release
Fortune Future 50 (Shopify #13, Lululemon #20, Amazon #37, Alibaba #40) List
Big Oil bets on retail networks in an electric era at Reuters. “Paying at the pump to fill up with petrol may only take a few minutes, but even with the fastest electric vehicle (EV) chargers, customers would have at least 10 to 15 minutes to kill – plenty of time to grab a coffee and do some shopping.” Read more
FedEx to Acquire ShopRunner to Expand E-Commerce Capabilities Press release
Walmart Announces More Than $700 Million in Additional Associate Bonuses, Tops $2.8 Billion in Total Cash Bonuses to Associates in 2020 Press release
A Rapid Covid Test That’s Also Accurate? The NFL Says It Has One at Wall Street Journal. “The NFL and a pair of biotech companies, BioReference Laboratories and Mesa BioTech, believed they had a solution. In recent weeks, they have quietly studied a different kind of Covid test: one that they say delivers on-the-spot results, in 30 minutes, with as much accuracy as existing tests that are sent out to labs for processing that can take days.” WSJ subs.
Duluth Trading Q3 net sales +13.2% Press release
The Buckle November comp sales +8.4% Press release
Field Agent Black Friday survey: half purchased their gifts online / 26% visited a brick-and-mortar store to shop. Brick and mortar stores visited? Walmart 64%, Target 44%, Best Buy 23%…Top 10 list
Express, Inc. Q3 comp sales down 30% Press release
PVH Corp Q3 revenue down 18% / Tommy Hilfiger revenue down 12% / Calvin Klein revenue down 18% Press release
Guess?, Inc. Q3 revenues down 8% Press release
Tipsheet Extra
Maskless shopper at Target store arrested for pulling gun on employees
Amazon’s safety claims fail to convince critics in government
Amazon, Walmart and other firms, call on Biden, Congress to address climate change
Ciara and ex-Lululemon CEO launch new clothing brand with ‘more to it than fashion’
Amazon in talks to acquire indie podcast company Wondery in $300M-plus deal
**
Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.
Subscribe to Eye on Retail Tipsheet here
Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net
Website: eyeonretail.net