NRF: Holiday sales rose stronger-than-expected 8.3% at CNBC. “The retail trade group said consumers embraced the gift-giving season as a way to cheer themselves up during the pandemic. Holiday sales on average have increased 3.5% for the past five years, and they rose 4% in 2019, NRF said.” Read more Walmart’s e-commerce chief […]
Ulta Beauty has laid off corporate and field management employees at Chicago Tribune. “Eileen Ziesemer, spokeswoman for (Ulta), declined to specify the number of workers or locations affected but said it was a “meaningful but relatively small” share of its employees. The layoffs took effect Tuesday.” Read more Petco stock priced its initial […]
Target comp sales jump 17.2% in November and December at CNBC. “Home goods and hardlines…saw same-store sales gains in the low-20% range…Comparable sales of food and beverage rose about 17%…Beauty and essentials saw growth in the low teens and apparel saw high single-digit gains…Combined transactions in Target stores and on its website rose 4.3% […]
Albertsons Q3 ID sales +12.3% “Net income was $123.7 million during the third quarter of fiscal 2020 compared to $54.8 million during the third quarter of fiscal 2019.” Press release Walmart teams up with investment firm behind Robinhood on new fintech startup at Fox Business. “Walmart is teaming up with Ribbit Capital, a […]
Staples offers $2.1 billion cash to buy Office Depot parent at Reuters. “The two companies agreed to merge in 1996, but the deal was put to rest as a government lawsuit argued the move would have meant higher prices for pens, paper and other office supplies.” Read more Lululemon forecasts fourth-quarter earnings and […]
Data exposure flaw on Walmart.ca revealed personal customer information at CTV News. “Customers’ names, shipping and billing addresses, order dates, methods of payment and the last four digits of the credit cards used were on full display for orders of a $1,500 laptop computer in Ontario, a $700 spin bike in Saskatchewan, and more […]
Tipsheet: NRF: Holiday +8.3% | Lore Leaves | W. Foods Cuts Breaks
/in Eye-on-Retail /by jlongNRF: Holiday sales rose stronger-than-expected 8.3% at CNBC. “The retail trade group said consumers embraced the gift-giving season as a way to cheer themselves up during the pandemic. Holiday sales on average have increased 3.5% for the past five years, and they rose 4% in 2019, NRF said.” Read more Walmart’s e-commerce chief […]
Tipsheet: Ulta HQ Cuts | Sephora Cuts Security | Petco IPO
/in Eye-on-Retail /by jlongUlta Beauty has laid off corporate and field management employees at Chicago Tribune. “Eileen Ziesemer, spokeswoman for (Ulta), declined to specify the number of workers or locations affected but said it was a “meaningful but relatively small” share of its employees. The layoffs took effect Tuesday.” Read more Petco stock priced its initial […]
Tipsheet: Target +17.2% | Bed Bath +Target/Macy’s Execs | Amazon #11 Patents
/in Eye-on-Retail /by jlongTarget comp sales jump 17.2% in November and December at CNBC. “Home goods and hardlines…saw same-store sales gains in the low-20% range…Comparable sales of food and beverage rose about 17%…Beauty and essentials saw growth in the low teens and apparel saw high single-digit gains…Combined transactions in Target stores and on its website rose 4.3% […]
Tipsheet: Albertsons +12.3% | Ex-Target @ Dollar Shave | Amazon Fresh +2 Seattle
/in Eye-on-Retail /by jlongAlbertsons Q3 ID sales +12.3% “Net income was $123.7 million during the third quarter of fiscal 2020 compared to $54.8 million during the third quarter of fiscal 2019.” Press release Walmart teams up with investment firm behind Robinhood on new fintech startup at Fox Business. “Walmart is teaming up with Ribbit Capital, a […]
Tipsheet: Amazon Bumps HEB | Don’t Return It | Staples Eyes O.Depot
/in Eye-on-Retail /by jlongStaples offers $2.1 billion cash to buy Office Depot parent at Reuters. “The two companies agreed to merge in 1996, but the deal was put to rest as a government lawsuit argued the move would have meant higher prices for pens, paper and other office supplies.” Read more Lululemon forecasts fourth-quarter earnings and […]
Tipsheet: Walmart.ca Data Exposure | Shoppers Don’t Like Being Watched | Albertsons +Gig Workers
/in Eye-on-Retail /by jlongData exposure flaw on Walmart.ca revealed personal customer information at CTV News. “Customers’ names, shipping and billing addresses, order dates, methods of payment and the last four digits of the credit cards used were on full display for orders of a $1,500 laptop computer in Ontario, a $700 spin bike in Saskatchewan, and more […]