Tipsheet: Sam’s +0.3% | WM +3.4% | Gap #9 Citizen | Costco #14 F500

  Walmart Q1 U.S. comp sales +3.4% (vs. +3.3% expected) at CNBC. “Walmart earnings for the first quarter top analysts’ estimates…Walmart’s e-commerce revenues during the quarter grew 37%.” Read more   Walmart says higher tariffs on China goods will increase prices for U.S. shoppers at Reuters. “Walmart Chief Financial Officer Brett Biggs told Reuters that…(Walmart) […]

Tipsheet: McMillon @ Luncheon | W.Sonoma CEO @ CNBC | WM 1 Day

  Walmart fights back against Amazon with one-day shipping in some U.S. markets at Reuters. “The Walmart deal will be available to online shoppers in Phoenix and Las Vegas and then expand to Southern California in the coming days, the head of its U.S. ecommerce service, Marc Lore, told Reuters in an interview…plan to reach […]

Tipsheet: Party City Closing 45 | WM IRL Tour | Shaq 3K @ Shoe Store

  US hikes tariffs on Chinese goods, Beijing vows retaliation at AP News. “The higher U.S. import taxes don’t apply to Chinese goods shipped before Friday. By sea, shipments across the Pacific take about three weeks, which gives negotiators a few more days to reach a settlement…” Read more   Party City says it is […]

Tipsheet: Costco +5.4% | Heartless Prank @ WM | H.Dep New Comms Head

  Costco April comp sales +5.4%: U.S. +7.7% / Canada -1.9% / Other Int’l +0.9% / Ecom +23.6% Press release   Hudson’s Bay to pay C$4.5 mln to settle with Canada’s competition watchdog at Reuters. “Hudson’s Bay offered sleep sets at “inflated regular prices” and then advertised deep discounts on these prices, suggesting significant savings to […]

Tipsheet: Belk New AOR | Star Wars +3 | Bezos @ Met Gala

  San Francisco bans credit-only stores at AP. “(Supervisor Vallie) Brown said she thought it unfair that someone couldn’t buy a sandwich just because they had cash. She said young people, victims of ID theft, immigrants and homeless people are among those who don’t have bank accounts or credit cards.” Read more   PriceSmart April […]

Tipsheet: WM 100 Vet Clinics | Apple Store Luster Lost | Alibaba Sans

  Walmart is opening dozens of veterinary clinics in its stores and launching an online pet pharmacy at CNBC. “…(Walmart) already operates 21 veterinary clinics in its stores across six states, but over the next 12 months it will growth that number to 100…Walmart also will launch an online pet pharmacy, WalmartPetRX.com, rivaling PetSmart’s e-commerce […]