Moderna’s COVID-19 vaccine shows promise in early study, shares soar at Reuters. “Moderna said on Monday its experimental COVID-19 vaccine showed promise in a small early-stage trial, with the vaccine producing virus-neutralizing antibodies similar to that found in recovered patients, sending shares soaring 25%.” Read more Homebuilder sentiment bounces back in May, after […]
Retail sales plunge a record 16.4% in April at CNBC. “Economists surveyed by Dow Jones expected the advanced retail sales number to fall 12.3%…clothing and accessories -89.3%…Furniture stores also got clobbered (-66.5%) as did electronics and appliances (-64.8%), sporting goods (-48.9%) and restaurants and bars (-48.7%). The sole bright spot was grocery stores, which […]
Shoppers begin to shift from stockpiling to penny pinching at the grocery store at CNBC. “As this drags on, you are going to see a lot more recessionary behavior coming up,” said Krishnakumar Davey, president of strategic analytics at IRI. “We are just seeing the beginnings of it.” Read more FedEx, Strained by […]
Fired Amazon employees say company “silenced” them for speaking out about warehouse worker safety at CBS News. “In their first U.S. television interview, two former Amazon employees tell “CBS This Morning” co-host Tony Dokoupil they were fired for their activism on behalf of Amazon warehouse workers.” 6:09 video The Container Store Group Q4 […]
Target CEO: We are taking ‘enormous’ market share in cosmetics at Yahoo Finance. “One of the areas we have really focused on is beauty,” Cornell says. “It’s one of our fastest-growing categories and where we are taking enormous market share each and every week. “It’s coming from certainly department stores, but I think we […]
Canadian Tire Q1 retail comp sales +0.7% Press release PriceSmart April net merchandise sales -10.9% Press release Target in talks to boost its same-day delivery ambitions by buying pieces of startup Deliv at CNBC. “The aspect of the technology that interests Target is its ability to pool multiple orders and route them […]
Tipsheet: Fortune 500: WM #1, Amazon #2 | Kroger Still Thankful | Lowe’s Helps ‘American Idol’
/in Eye-on-Retail /by jlongModerna’s COVID-19 vaccine shows promise in early study, shares soar at Reuters. “Moderna said on Monday its experimental COVID-19 vaccine showed promise in a small early-stage trial, with the vaccine producing virus-neutralizing antibodies similar to that found in recovered patients, sending shares soaring 25%.” Read more Homebuilder sentiment bounces back in May, after […]
Tipsheet: Retail Sls -16.4% | Ahold’s Robots | Can. Home Sls -56.8%
/in Eye-on-Retail /by jlongRetail sales plunge a record 16.4% in April at CNBC. “Economists surveyed by Dow Jones expected the advanced retail sales number to fall 12.3%…clothing and accessories -89.3%…Furniture stores also got clobbered (-66.5%) as did electronics and appliances (-64.8%), sporting goods (-48.9%) and restaurants and bars (-48.7%). The sole bright spot was grocery stores, which […]
Tipsheet: FedEx Caps Retailers | Katz to Neiman? | Bed Bath New Brand Officer
/in Eye-on-Retail /by jlongShoppers begin to shift from stockpiling to penny pinching at the grocery store at CNBC. “As this drags on, you are going to see a lot more recessionary behavior coming up,” said Krishnakumar Davey, president of strategic analytics at IRI. “We are just seeing the beginnings of it.” Read more FedEx, Strained by […]
Tipsheet: Container Store -3.6% | Wgreen Agency Search | CBS Hits Amazon
/in Eye-on-Retail /by jlongFired Amazon employees say company “silenced” them for speaking out about warehouse worker safety at CBS News. “In their first U.S. television interview, two former Amazon employees tell “CBS This Morning” co-host Tony Dokoupil they were fired for their activism on behalf of Amazon warehouse workers.” 6:09 video The Container Store Group Q4 […]
Tipsheet: Apps Serve 80% of Minors Alcohol | 65% Reticent to Try on Clothes
/in Eye-on-Retail /by jlongTarget CEO: We are taking ‘enormous’ market share in cosmetics at Yahoo Finance. “One of the areas we have really focused on is beauty,” Cornell says. “It’s one of our fastest-growing categories and where we are taking enormous market share each and every week. “It’s coming from certainly department stores, but I think we […]
Tipsheet: Target Eyes Deliv | WM #32 Diversity | Can. Tire +0.7%
/in Eye-on-Retail /by jlongCanadian Tire Q1 retail comp sales +0.7% Press release PriceSmart April net merchandise sales -10.9% Press release Target in talks to boost its same-day delivery ambitions by buying pieces of startup Deliv at CNBC. “The aspect of the technology that interests Target is its ability to pool multiple orders and route them […]