Eye-on-Retail Daily Tipsheet Archives
Macy's Q2 Comp Sales: Owned + Licensed +0.5% (vs. Expected -0.9%) "Adjusting for (the calendar shift), the company estimates that comparable sales on an owned plus licensed basis were up 2.9 percent for the second quarter." Press release
...Reuters: Macy's posts surprise same-store sales growth "Excluding one-time items, the company earned 70 cents per share, much higher...
Continue Reading »
Continue Reading »
Home Depot Q2 Comp Sales +8.0% Press release
...CNBC: Home Depot crushes Wall Street expectations, raises full-year outlook
Earnings per share: $3.05 vs. $2.84 expected
Revenue: $30.46 billion vs. $30.03 billion expected
Same-store sales: up 8 percent globally vs. an increase of 6.6 percent expected
Read more
Has Bezos become more powerful in D.C. than...
Continue Reading »
Continue Reading »
NRF: Retail sales in 2018 could climb higher than previously forecast at CNBC. "Spending at retailers — excluding on automobiles, at gasoline stations and at restaurants — is predicted to climb between 4.2 and 4.8 percent, the National Retail Federation said Monday morning, giving a rare updated outlook for the remainder of the year. That's compared with a prior range of between...
Continue Reading »
Continue Reading »
'Amazon tax': Britain is reportedly mulling over a special tax to help local online retailers, finance minister says at CNBC. "Hammond's comments come as department store House of Fraser was placed in administration on Friday, shortly before being bought by retailer Sports Direct for $115 million." Read more
Forbes: Best Employers for Women (Sephora #15, Wegmans #28, Gap #66)...
Continue Reading »
Continue Reading »
Costco July Comp Sales +8.3% / US +9.7% / Ecom +20.9% "...net sales of $10.59 billion for the retail month of July...an increase of 10.1 percent from $9.62 billion last year. For the first forty-eight weeks of fiscal 2018, the Company reported net sales of $127.40 billion, an increase of 12.1 percent." Press release
Party City lands a deal with Amazon at CNBC. "Party City...
Continue Reading »
Continue Reading »
A Guide to Walmart’s Ragtag Alliance Against Amazon by Matthew Boyle at Bloomberg. "“It’s the classic build-or-buy conundrum,” said Sucharita Kodali, an analyst at Forrester Research Inc. “Walmart needs to innovate, but it just doesn’t make sense for it to build much of it in-house.” Tiered subs.
Amazon introduces grocery pickup service at select Whole Foods locations...
Continue Reading »
Continue Reading »
Walmart, Nordstrom and others look to YouTube stars to woo millennials and Gen Z by Charisse Jones at USA Today. "(Walmart) will debut Ryan's World, a toy and T-shirt line created by the first-grader whose YouTube channel, Ryan ToysReview, gets roughly 950 million views a month. Among kids, "clearly what's emerged in the last few years is they’re watching an influencer like Ryan on YouTube,...
Continue Reading »
Continue Reading »
New Starbucks partnership with Microsoft allows customers to pay for Frappuccinos with bitcoin at CNBC. ""It's very big news for bitcoin because people say, 'Where can you spend it?' Now at every single Starbucks," said Brian Kelly, founder and CEO of BKCM." Read more
FedEx won't charge extra fees for most packages delivered to homes during the peak holiday shopping season, except...
Continue Reading »
Continue Reading »
Brookstone files for bankruptcy with plans to shutter more than 100 stores in malls at CNBC. "The company said it will continue to operate its airport, e-commerce and wholesale businesses — these units are what it hopes to sell. Brookstone currently has 35 locations in airports across the U.S." Read more
Lawsuit claims Walmart stole technology to keep produce fresh at Reuters....
Continue Reading »
Continue Reading »
Kroger launches 'Kroger Ship' delivery service in four cities: Cincinnati, Houston, Louisville, and Nashville at CNBC. "Customers can shop online and receive free doorstep delivery on orders of more than $35, or pay a fee of $4.99 per order for smaller orders." Read more
...“The customer is changing rapidly,” said Yael Cosset, Kroger’s chief digital officer, in an interview....
Continue Reading »
Continue Reading »
© Copyright 2018 Shift Marketing Group, St. Louis, MO.
