Tipsheet: WM +3.2% | Sam’s +0.6% | H.Dep Trending @ TikTok
Walmart earnings beat estimates, shares rise on higher outlook ahead of holidays at CNBC. “U.S. same-store sales: up 3.2% vs. growth of 3.1% expected…e-commerce sales were up 41%, thanks to “strong growth” in online grocery…average ticket in the U.S. grew 1.9% compared with a 1.8% increase a year ago. Transactions were up 1.3% in the latest quarter, slightly lower than growth of 1.6% this time last year.” Read more
…Sam’s Club Q3 comp sales +0.6% / Ecom +32% Walmart earnings release
…Walmart hires off-duty officers ahead of El Paso reopening at AP. “Walmart plans Thursday to reopen the store where the attack happened and amid ongoing lawsuits over safety…The reopening will happen unceremoniously, Walmart spokeswoman Delia Garcia said, and will follow a brief meeting with employees.” Read more
Jack Ma: Alibaba’s Singles Day sales missed expectations because it was ‘hot’ and fell on a Monday at CNBC. “The Alibaba co-founder said he hoped the government would give people a half day off of work for future Singles Day events.” Read more
Amazon HQ2, one year later: How the search for a 2nd home changed the company, and the country by Nat Levy & Monica Nickelsburg at GeekWire. “In many ways, the entire country is becoming HQ2. Amazon is expanding significantly not just in Northern Virginia but also in many of the cities that ostensibly didn’t win the competition.” Read more
…A Year After Amazon Scrapped New York HQ2 Plan, Residents Get Their Say by Katie Honan at Wall Street Journal. “Folks in city government are skittish,” said Bishop Mitchell G. Taylor, the CEO of the nonprofit Urban Upbound, who is working as a consultant with Your LIC, a consortium of three real-estate development firms who control some of the sites. “They don’t know where this is going.” WSJ subs.
…A year later, the median (home) listing price in Arlington County is $863,000 as of October 2019, up 33% year-over-year, according to Realtor.com. The median sales price in Manhattan, meanwhile, has dropped 15% in that same time to $1.04 million. at MarketWatch. Read more
Loblaw Q3 comp sales: Food retail (Loblaw) +0.1% / Drug retail (Shoppers Drug Mart) +4.1% Press release
Defeated challenger to Seattle’s socialist City Council member blames Amazon donations by Monica Nickelsburg at GeekWire. “As Orion implied in his concession speech, Amazon’s record spending on the election appears to have backfired. Just two of the seven Amazon-backed candidates were elected last week.” Read more
Canada Goose Q2 revenue +27.7% Press release
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Buc-ee’s plans first Georgia location in Warner Robins at 13 WMAZ Read more
Disney+ has already attracted over 10 million subscribers at TechCrunch. “To put it in perspective, Netflix recently reported 158 million subscribers.” Read more
Wayfair’s app adds 3D visualization tools by Sarah Perez at TechCrunch. Read more
Why the Home Depot Theme Song Is the Unifying Masterpiece Taking Over the Internet by Melissa Locker at Time. “…at least some people on the internet knew the (Home Depot theme) song existed and have been using it to soundtrack their TikToks so frequently that the song has topped the app’s charts…“#homedepot” has consistently trended on the app for about three weeks straight…” Read more
Tipsheet Extra
Americans’ Improving Views Of Women’s Competence
Budweiser’s new ad encourages you to drink water in between beers
TX congressional candidate calls for DOJ to investigate Walmart over Dean bankruptcy
Neiman Marcus Axes Nearly 100 Jobs
12-year-old attempts to carjack woman at gunpoint outside Kroger store
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