“Costco Same-Store Sales Up 3% in October – Beats Street” at Reuters. “Sales at stores open at least a year rose 3 percent in the four-week period ended Nov. 3, including the impact of fuel sales and foreign exchange. On that basis, analysts expected same-store sales to rise 2.6 percent for the month of […]
“Survey: Six fewer days between Thanksgiving & Christmas could cost retailers $1.5 billion” by Amrita Jayakumar at Washington Post. “There are six fewer days between Thanksgiving and Christmas this year, the shortest holiday season in more than a decade. That could cost retailers $1.5 billion in lost sales, according to a report released Tuesday, […]
“Breaking: CVS Earnings Beat Street” at CNBC. “CVS Caremark Corp posted higher quarterly profit and raised its forecast for the year on Tuesday, as sales grew at its drugstore chain and it processed more prescriptions.” Read more “Wal-Mart managers struggle to capture Millennials” by Kim Souza at The City Wire. ““My team has […]
“Jim Cramer: Costco Is a Game Changer” at The Street. “Costco’s selling $1,000 Versace handbags for $500. The store just got in some killer Italian ties that look no different from the Ferragamos I wear, for 1/10 of what I pay for the name brand…There’s enough selection now — much more than I have […]
“Walmart kicks off online holiday deals today” by Dhanya Skariachan at Reuters. “Wal-Mart is kicking off its online deals on Friday, a month earlier than usual – underscoring worries that intense discounting aimed at luring budget-conscious shoppers could result in the most tepid holiday spending rise in four years…Morgan Stanley analyst Kimberly Greenberger expects […]
“Target Backs Off $100 Billion Sales Goal” by Paul Ziobro at WSJ. “Target Corp. backed off its goal for hitting $100 billion in sales by the end of 2017, as pressure on low-income shoppers and tough competition from rivals like Amazon.com Inc. weigh on results. The retreat, made Wednesday during a meeting with analysts […]
Thursday Tipsheet: Comps: Costco +3%, W.Foods +5.9% | Wmart #1 ‘Liked’ Brand | H.Depot Beats Target & Wmart Online
/in Eye-on-Retail“Costco Same-Store Sales Up 3% in October – Beats Street” at Reuters. “Sales at stores open at least a year rose 3 percent in the four-week period ended Nov. 3, including the impact of fuel sales and foreign exchange. On that basis, analysts expected same-store sales to rise 2.6 percent for the month of […]
Wednesday’s Tipsheet: Wgreen Comps +2.3% | Wmart Likes LEDs | Penney’s “dopes” Mending
/in Eye-on-Retail“Survey: Six fewer days between Thanksgiving & Christmas could cost retailers $1.5 billion” by Amrita Jayakumar at Washington Post. “There are six fewer days between Thanksgiving and Christmas this year, the shortest holiday season in more than a decade. That could cost retailers $1.5 billion in lost sales, according to a report released Tuesday, […]
Tuesday’s Tipsheet: Wmart Struggles w/Gen Y | 22 Depressing Kmart Pics | CVS Beats Street
/in Eye-on-Retail“Breaking: CVS Earnings Beat Street” at CNBC. “CVS Caremark Corp posted higher quarterly profit and raised its forecast for the year on Tuesday, as sales grew at its drugstore chain and it processed more prescriptions.” Read more “Wal-Mart managers struggle to capture Millennials” by Kim Souza at The City Wire. ““My team has […]
Monday’s Tipsheet: Costco Likes Apparel | Publix Sales Up | C-Stores & Tyson
/in Eye-on-Retail“Jim Cramer: Costco Is a Game Changer” at The Street. “Costco’s selling $1,000 Versace handbags for $500. The store just got in some killer Italian ties that look no different from the Ferragamos I wear, for 1/10 of what I pay for the name brand…There’s enough selection now — much more than I have […]
Friday’s Tipsheet: Wmart Holiday Deals Start Today | Target’s Pinterest Plan | Amazon “pays” for Reviews
/in Eye-on-Retail“Walmart kicks off online holiday deals today” by Dhanya Skariachan at Reuters. “Wal-Mart is kicking off its online deals on Friday, a month earlier than usual – underscoring worries that intense discounting aimed at luring budget-conscious shoppers could result in the most tepid holiday spending rise in four years…Morgan Stanley analyst Kimberly Greenberger expects […]
Thursday’s Tipsheet: Target Backs Off $100 Bil Goal | Wmart Mgrs Talk Fears | Field & Stream Opens #2 (Si Appears)
/in Eye-on-Retail“Target Backs Off $100 Billion Sales Goal” by Paul Ziobro at WSJ. “Target Corp. backed off its goal for hitting $100 billion in sales by the end of 2017, as pressure on low-income shoppers and tough competition from rivals like Amazon.com Inc. weigh on results. The retreat, made Wednesday during a meeting with analysts […]