Tipsheet: Oct Home Sales -1.1% | B.Fri In Store -52% | Can. Grocery Probe

  October pending home sales fall unexpectedly, as high prices take their toll on buyers at CNBC. “Pending home sales fell 1.1% month-to-month in October but were 20.2% higher compared with October 2019…“The housing market is still hot, but we may be starting to see rising home prices hurting affordability,” said Lawrence Yun, chief economist […]

Tipsheet: Dick’s +23.2% | B.Buy +23% | Wegmans #1 Workplace

  Dick’s Sporting Goods Q3 comp sales up 23.2% / Ecom +95% Press release   …Lauren R. Hobart named President and CEO “Ms. Hobart brings more than 25 years of finance, consumer and retail experience and spent 14 years at PepsiCo in various leadership roles before she joined Dick’s as Chief Marketing Officer in 2011. […]

Tipsheet: WM New WFH Date | Amazon Sidewalk Bot | Retailers Edit Choices

  Walmart corporate employees to work remotely until July 5, 2021 at Talk Business. “According to the memo, (Chief People Officer) Morris said its longer-term view is that it is important for employees to work together in campus offices for the majority of the organization. Morris said working on campus is important to the culture […]

Tipsheet: BJ’s +18.5% | Ace +28.9% | Bath & Body +55% | DoorDash Gifting

  BJ’s Wholesale Club Q3 comp sales (ex-gas) up 18.5% “Adjusted EBITDA increased by 57.1% year-over-year to $242.2 million, for the third quarter of fiscal 2020.” Press release   October existing home sales see ‘spectacular’ 26.6% annual gain even with short supply and surging prices at CNBC. “There were 1.42 million existing homes on the […]

Tipsheet: Sam’s Agency Review | Cornell @ ‘Squawk Box’ | Lowe’s +30.4%

  Target Q3 comp sales +20.7% / Store +9.9% / Digital +155% Press release   …Target blows past expectations at Fox Business. “Sales increased across all categories with electronics growing more than 50%, home up in the mid-20% range and apparel increasing by almost 10%. The average ticket rose 15.6% from a year ago. Overall, […]

Tipsheet: H.Depot +24.1% | WM +6.4% | Sam’s +11.1% | Cornell Zooms Biden

  Home Depot Q3 comp sales up 24.1% (!) / US comp +24.6% Press release   …Home Depot is building a banner year, 3Q numbers stun at AP. “Revenue totaled $33.54 billion for the three months ended Nov. 1, topping the $31.83 billion that analysts polled by FactSet predicted…making temporary financial support programs for its […]