Costco April comp sales (ex gas & f/x) +24.5%: US +24.9% / Canada +23.8% / Other Int’l +20.3% / Ecom +17.3% Press release
Marc Lore’s next attempt to woo the affluent consumer: A fleet of on-demand food trucks at CNBC. “Jay Zuckerman, a 47-year-old father of two who resides with his wife in the pilot area, said his family has used Wonder about six or seven times for dinner over the past few months…“It was like ordering from a gourmet restaurant, but you don’t have the issues of waiting, and you don’t have the issues of the food not tasting good because of transportation. It was a very high-end experience.”…A dinner for four might be upwards of $100, he said.” Read more
Wayfair Q1 total net revenue up 49.2% Press release
Rosalind Brewer, the CEO of Walgreens Boots Alliance, discusses her experiences with discrimination and advocating for diversity at NBC Today. “She then shared a story about attending a meeting of less than 25 people just for CEOs. “I had one gentleman ask me constantly, what did I do for a living, almost like, ‘Why are you here?'” she recalled. “He must have asked me 20 questions like, ‘Marketing? Sales?’ I was like, ‘No.’. “It was so funny because I happened to be the keynote speaker for the private luncheon. I assumed my position on the stage, and I just saw his face just totally drain.” Video/Read more
Tapestry Inc. Q3 net sales up 19% / Coach up 25% / Kate Spade up 1% / Stuart Weitzman up 13% Press release
Etsy, Inc Q1 revenue up 141.5% Read more
Aldi and other big grocers threaten to boycott Brazil over deforestation in the Amazon at CNN. “Germany’s Metro and discount chains Aldi and Lidl are among the signatories, as are British retailers Tesco, Sainsbury’s, Asda, Marks & Spencer and Waitrose & Partners, and Dutch group Ahold Delhaize, which operates 21 brands mainly in Europe and the United States.” Read more
Rent-A-Center Q1 comp sales up 23.4% Press release
Hellman & Friedman Nears Deal to Buy At Home Group at Wall Street Journal. “A deal, which would value At Home Group in the mid-$30s a share, could be inked as soon as Thursday, assuming the two sides reach a final agreement, the people said. At Home shares were trading at $31.15 Wednesday afternoon, giving the Plano, Texas, company a market value of around $2 billion.” WSJ subs.
Sally Beauty Q2 comp sales up 6.5% Press release
**The Sweets & Snacks Expo is a can’t-miss event for thousands of confectionery and snack retailers, manufacturers and suppliers – here you’ll find all the product innovations, insights and industry connections you need to build a world-class in-store or online experience that will delight your shoppers. See who’s exhibiting | Show website | Indianapolis, June 23-25 2021.
Walmart Sale of Asda Likely to Be Approved By U.K.’s CMA at Bloomberg/Yahoo. “The potential green light comes two years after regulators blocked Walmart’s previous attempt to sell the Asda business to bigger rival J Sainsbury Plc…” Read more
Blue Apron Q1 net revenue up 27% Press release
Pay Pal soars on digital payments boom at Fox Business. “PayPal processed a total of $285 billion in payments in the first quarter, up 50% from a year earlier, and added 14.5 million net new active customers.” Read more
Jeff Bezos sells more than $2.4B in Amazon stock at GeekWire. Read more
Millions Are Unemployed. Why Can’t Companies Find Workers? at Wall Street Journal. “Lorne Zaman lost his jobs as a concert promoter in Los Angeles more than a year ago. He hasn’t worked since, supporting himself on savings, stimulus checks and unemployment benefits, which have been about $750 a week in recent months…“I really enjoyed what I did,” he said. “If the government is going to pay you to stay home, you’re going to do that unless that job you really want comes along.” WSJ subs.
Loblaw Q1 revenue up 0.6%: Food retail (Loblaw) comp sales up 0.1% / Drug retail (Shoppers Drug Mart) comp sales down 1.7% Press release
Amazon wants to make sure drivers who don’t work for the company are well-groomed and nice online at The Verge. “The rules govern everything from how the delivery people look (they must have clean fingernails, teeth, ears, and hair) to how they smell (no bad breath, body odor, or immodest perfume).” Read more
East Village gets futuristic grocery store designed by Accel Robotics
SEC’s Gensler to talk GameStop chaos causes in hearing Thursday
Schnucks to let customers donate their rewards points
Trader Joe’s cuts employee ‘thank you’ bonus after three months
Apple’s privacy changes could be great for Amazon’s ads business
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