Dollar General Q1 comp sales +21.7% (vs. +7.9% estimate) “Net sales increased 27.6%…Gross profit as a percentage of net sales was 30.7% in the first quarter of 2020 compared to 30.2% in the first quarter of 2019…Operating profit for the first quarter of 2020 increased 69.2%.” Press release …So far in Q2, Dollar […]
Walmart announces a strategic partnership with fashion resale marketplace thredUP at TechCrunch. “…over 750,000 items from thredUP will be available on walmart.com/thredup, starting today. Notably, only clothing items and shoes marked as “new” or “like new” will be listed, though accessories and handbags marked as “gently used” will also be available…” Read more Tractor […]
Target saw strength in April ‘across our entire portfolio,’ CEO Brian Cornell says at CNBC. “While business was “normal” in February, sales growth accelerated by 16.5% in April, Cornell explained. Electronic sales were up 45%, food and beverage climbed 20%, household essentials also rose 20% and kitchen sales improved by 25% in the month […]
Amazon reportedly delays Prime Day sales event until September at CNBC. “The company this week decided it would delay the two-day summer event, which is typically held in July, according to the Journal…Representatives from Amazon declined to comment on the news.” Read more | WSJ subs. …Last week, Amazon began allowing its third-party […]
Target Q1 comp sales +10.8% (store comp sales +0.9% / digital +141%) Press release …Reuters: Target’s coronavirus-led online sales surge comes at heavy costs “Cornell said he expects demand for non-staple items like beauty products, home goods and clothes to continue into the current quarter.” Read more …Fox Business: Target’s profit sinks […]
https://shiftmarketinggroup.net/wp-content/uploads/2018/09/eye_on_retail_logo-2-312h.png00jlonghttps://shiftmarketinggroup.net/wp-content/uploads/2018/09/eye_on_retail_logo-2-312h.pngjlong2020-05-20 09:53:212020-05-20 09:53:21Tipsheet: Lowe's #1 Radio | WM CEO @ CNBC | Target Digital +141%
Walmart U.S. Q1: comp sales +10.0% / ecom +74% Sam’s Club Q1: comp sales +12.0% / ecom +40% Press release …CNBC: Walmart earnings soar as e-commerce sales jump, shoppers flock to stores “The second quarter has started off pretty well as we continue to see the stimulus money come in for consumers,” […]
Tipsheet: D.Gen +21.7% | Target Looted | D.Tree +7%
/in Eye-on-Retail /by jlongDollar General Q1 comp sales +21.7% (vs. +7.9% estimate) “Net sales increased 27.6%…Gross profit as a percentage of net sales was 30.7% in the first quarter of 2020 compared to 30.2% in the first quarter of 2019…Operating profit for the first quarter of 2020 increased 69.2%.” Press release …So far in Q2, Dollar […]
Tipsheet: DOJ Probes Beef Prices | T.Supply Eyes +25% | Lowe’s Still #1 Radio
/in Eye-on-Retail /by jlongWalmart announces a strategic partnership with fashion resale marketplace thredUP at TechCrunch. “…over 750,000 items from thredUP will be available on walmart.com/thredup, starting today. Notably, only clothing items and shoes marked as “new” or “like new” will be listed, though accessories and handbags marked as “gently used” will also be available…” Read more Tractor […]
Tipsheet: Wgreen Pres. Exit | Bentonville #5 Growth | WM Quick Delivery
/in Eye-on-Retail /by jlongTarget saw strength in April ‘across our entire portfolio,’ CEO Brian Cornell says at CNBC. “While business was “normal” in February, sales growth accelerated by 16.5% in April, Cornell explained. Electronic sales were up 45%, food and beverage climbed 20%, household essentials also rose 20% and kitchen sales improved by 25% in the month […]
Tipsheet: Prime Day Sep. | BJ’s +27% | Lowe’s DIY Edge | Cornell @ CNBC 6P
/in Eye-on-Retail /by jlongAmazon reportedly delays Prime Day sales event until September at CNBC. “The company this week decided it would delay the two-day summer event, which is typically held in July, according to the Journal…Representatives from Amazon declined to comment on the news.” Read more | WSJ subs. …Last week, Amazon began allowing its third-party […]
Tipsheet: Lowe’s #1 Radio | WM CEO @ CNBC | Target Digital +141%
/in Eye-on-Retail /by jlongTarget Q1 comp sales +10.8% (store comp sales +0.9% / digital +141%) Press release …Reuters: Target’s coronavirus-led online sales surge comes at heavy costs “Cornell said he expects demand for non-staple items like beauty products, home goods and clothes to continue into the current quarter.” Read more …Fox Business: Target’s profit sinks […]
Tipsheet: Amazon Buy JCP? | WM +10% | Sam’s +12% | THD +7.5% | Kohl’s -43.5%
/in Eye-on-Retail /by jlongWalmart U.S. Q1: comp sales +10.0% / ecom +74% Sam’s Club Q1: comp sales +12.0% / ecom +40% Press release …CNBC: Walmart earnings soar as e-commerce sales jump, shoppers flock to stores “The second quarter has started off pretty well as we continue to see the stimulus money come in for consumers,” […]