Tipsheet: Walgreens +4.6% | Chewy +51% | Boxes in Demand
Walgreens Q2 sales +4.6% “The United States segment had second quarter sales of $27.3 billion, an increase of 0.4 percent from the year-ago quarter…Comparable sales increased 2.0 percent from the year-ago quarter reflecting a 4.5 percent increase in comparable pharmacy sales and a 3.5 percent decline in comparable retail sales.” Press release
Lululemon quarterly comp sales +21% at Fox Business. Read more
Chewy Q4 net sales +51% Press release
Macy’s CEO says company is already benefiting from vaccinations and stimulus checks at CNBC. “Macy’s CEO Jeff Gennette said business from loyal Macy’s customers is already up by 10% from the company’s fiscal fourth quarter. “That’s clearly the vaccine starting to take root,” he told CNBC’s Jim Cramer in a “Mad Money” interview.” Read more
PVH Corp. Q4 revenue down 20% “A 16% decrease…in the Tommy Hilfiger business…A 17% decrease…in the Calvin Klein business…” Press release
Deliveroo dives 30% as London debut of the decade turns torrid at Reuters. “Investors are turning away from the work-at-home play and putting their money into the economic recovery play. Deliveroo got caught in the middle of a huge rotation. It was the last IPO of the old COVID world,” he said.” Read more
Walmart to hold virtual shareholder events again this year – meeting will be held on Wednesday, June 2, 2021 Press release
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Corrugated Boxes Have Never Been in More Demand—or More Expensive at The Wall Street Journal. “U.S. producers in 2020 churned out nearly 407 billion square feet of corrugated product, from dot.com delivery boxes to watermelon crates, according to the Fibre Box Association. The year-over-year rise was 3.4%, equivalent to about 477 square miles of additional corrugated board.” WSJ subs.
Albertsons and Google Partner “Planned innovations under this partnership include: Shoppable maps with dynamic hyperlocal features, AI-powered conversational commerce and predictive grocery list building.” Press release
Target can’t erase IP suit over autistic boy’s artwork Law 360 subs.
Amazon acquires Indian retail startup Perpule at TechCrunch. “Amazon has acquired a startup in India that is helping offline stores go online, the e-commerce group’s latest attempt to make inroads in the world’s second most populous nation where brick and mortar continue to drive more than 95% of sales.” Read more
Dollarama Inc missed analysts’ sales estimates for the crucial holiday quarter on Wednesday at Financial Post. “Net sales rose to $1.10 billion in the fourth quarter ended Jan. 31, from $1.07 billion a year earlier, below Refinitiv IBES estimates of $1.13 billion.” Read more
Amazon is reportedly working on custom networking chips at The Verge. Read more
Higher commodity costs lead to price hikes from Kimberly-Clark and others
America’s imports are stuck on ships floating just off Los Angeles
Guess reportedly pulls ‘G-Logo’ tote bag after fans say it look too similar to an indie label
Digital gym-on-a-wall startup Tonal raises $250 million at $1.6. billion valuation
Feb. US home contract signings tumble, now lag year-ago pace
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