Costco December comp sales (ex. gas & f/x) +10.9% / U.S. +11% / Canada +5.7% / Other Int’l +15.8% / Ecom +61.6% Press release
Victoria’s Secret parent L Brands says holiday same-store sales rose 5% at CNBC. “Victoria’s Secret, same-store sales…fell 9% during the holiday period…Same-store sales for Bath & Body Works were up 17%.” Read more
Bed Bath & Beyond banner Q3 comp sales +5% / Total enterprise comp sales +2% Press release
Walgreens Q1 comp sales at its U.S. pharmacies rose 3.7% “Comparable pharmacy sales increased 5.0 percent…Retail sales decreased 2.2 percent in the first quarter…” Press release
LVMH shakes up Tiffany management after $15.8 billion acquisition at Reuters. “LVMH said Anthony Ledru, a senior executive at the group’s Louis Vuitton brand, would be CEO at Tiffany, taking over from Alessandro Bogliolo, who is set to leave on Jan. 22.” Read more
CVS Health names Michelle Peluso as first-ever Chief Customer Officer “In her most recent role, as Senior Vice President, Digital Sales and Chief Marketing Officer for IBM, she oversaw marketing and brand strategy and execution, digital sales, and the commercial business…” Press release
Target closed down its DC stores amid rioters storming the US Capitol at Business Insider. Read more
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Planners approve Walmart drone launch pad request in Pea Ridge, Arkansas at Arkansas Democrat Gazette. “Pea Ridge’s city building inspector asked whether the service will be a subscription service offered by Walmart. Miquel deferred to Walmart spokesman, Michael Lindsey, public affairs director. “That has yet to be determined,” Lindsey said. “All of this is so new.” The drone, which Miquel referred to as a “zip,” is fully autonomous, electrically powered and has a 10-foot wing span.” Read more
U.S. considering adding Alibaba, Tencent to China investment ban at Reuters. Read more
Bed Bath & Beyond is closing more than 40 stores this year. Here’s a map of where they are. at CNBC. Read more
Lowe’s study finds that 51% of respondents said they “have bigger plans” for their homes than a year ago at Store Brands. “56% are looking to learn how to take on a new home improvement project…65% of respondents are looking to try gardening and 45% are looking to improve an outdoor living space in 2021.” Read more
Kroger’s Kristal Howard – director and head of communications – talks shop. PR Week subs.
Former Home Depot CEO Frank Blake interviewed in podcast at The Darden Report. 20 minute podcast
Moderna CEO says vaccine likely to protect for ‘couple of years’
Amazon tops 75,000 employees in Seattle area
New economic woes for Cubans as prices surge
Digital license plates now installed at Best Buy stores nationwide
Pfizer unveils its first major logo redesign in 70 years
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