Today’s Tipsheet: Home Depot US Comps +4.8% | Best Buy Short on Revenue
“Home Depot Announces Q1 Results; U.S. Comp Sales +4.8%” at MSN Money. “The Home Depot®, the world’s largest home improvement retailer, today reported sales of $19.1 billion for the first quarter of fiscal 2013, a 7.4 percent increase from the first quarter of fiscal 2012…The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at earnings.homedepot.com.” Read more: https://money.msn.com/business-news/article.aspx?feed=PR&date=20130521&id=16502228
“RadioShack Looks to Regain Relevance With Push for Younger Consumers” by Natalie Zmuda at Ad Age. “Jennifer Warren, the new chief marketing officer and a former ad-agency exec, says the retailer is moving quickly to make changes in its advertising as it attempts an aggressive turnaround. It hopes to attract younger consumers, alert customers to the popular products it carries, such as Beats, and rethink the design of its stores. RadioShack is also rolling out a brand platform and tagline, “Let’s Play,” in an effort to become the “neighborhood technology playground.” Read more: https://adage.com/article/cmo-strategy/radioshack-regain-relevance-push-younger-demo/241548/
“Home Depot Employees More Upbeat than Lowe’s” by Christopher Seward at Atlanta Journal Constitution. “Glassdoor said said 61 percent of workers who submitted reviews about Home Depot said the outlook was bright, ranking the company No. 10 on the overall list…For Lowe’s, 28 percent of workers said the business outlook would be better.” Read more: https://www.ajc.com/weblogs/biz-beat/2013/may/20/not-all-employees-upbeat-googles-home-depots/
“Walmart pushing for more Ark. product makers” at NewsOK. “The world’s largest retailer on Monday held an event in Little Rock to highlight more than 1,700 Arkansas-made items on its shelves. Walmart has developed an “Arkansas Own” label to flag items made in the state.” Read more: https://newsok.com/walmart-pushing-for-more-ark.-product-makers/article/feed/543644
“Kroger Uses Food Waste to Power California Distribution Center” by Gina Marie Cheeseman at Triple Pundit. “The Kroger Recovery System converts the carbon in organic material into methane, which is then used as energy. By using anaerobic digestion, which occurs naturally, organic food that is not fit to be sold or donated, and onsite food-processing effluent, is turned into biogas, which is used to help power the DC. The system provides enough biogas to provide 20 percent of the DC’s power.” Read more: https://www.triplepundit.com/2013/05/kroger-food-waste-power-southern-california-distribution-center/
“Dollar General Corporation Announces Upcoming Webcasts; Provides First Quarter Earnings Conference Call Information” “Dollar General plans to webcast its 2013 annual meeting of shareholders on Wednesday, May 29, 2013, at 9:00 a.m. CT/10:00 a.m. ET. The webcast will be broadcast live online at www.dollargeneral.com under “Investor Information.” Read more: https://www.fortmilltimes.com/2013/05/20/2702910/dollar-general-corporation-announces.html
“Wal-Mart Fattens Up On Poor America With 25% Of U.S. Grocery Sales” by Stephen Leeb at Forbes. “Wal-Mart is the largest and most accessible non-Internet retailer in the world. The company is known for its low prices—especially for staples and necessities. Groceries stand-out, major league. They currently account for some 55% of sales for the massive chain. Food is a critical category where Wal-Mart continues to grow. Indeed, the company now holds roughly a 25% “franchise” on America’s grocery budget.” Read more: https://www.forbes.com/sites/greatspeculations/2013/05/20/wal-mart-cleans-up-on-poor-america-with-25-of-u-s-grocery-sales/
“Best Buy Earnings Top Estimates; Revenue Is Short” at CNBC. “The company posted first-quarter earnings excluding items of 32 cents per share, down from 76 cents a share in the year-earlier period. Revenue decreased to $9.38 billion from $10.37 billion a year ago. Analysts had expected the company to report earnings excluding items of 25 cents a share on $10.66 billion in revenue” Read more: https://www.cnbc.com/id/100750882
“Valspar to Present at Goldman Sachs Basic Materials Conference 2013” Jim Muehlbauer, executive vice president, chief financial and administrative officer of The Valspar Corporation will present at the Goldman Sachs Basic Materials Conference 2013 in New York on Wednesday, May 22 at 8:35 a.m. ET. Muehlbauer will provide an overview of Valspar’s growth strategy and discuss the company’s business outlook for fiscal 2013. The presentation will be available as a webcast through the Investor Relations section of Valspar’s corporate website at valsparglobal.com/investors.” Read more: https://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsLang=en&newsId=20130520006012&div=-1245645151
Thanks for reading…
Follow on Twitter @retaileyeretail