US Cyber Monday sales hit record $12.4 billion on big discounts at Reuters. “Online consumer spending jumped 9.6% on Monday from the $11.3 billion seen last year, outstripping Adobe’s initial expectations for a 6.1% rise to $12 billion…A record $940 million worth of purchases were made through BNPL (Buy Now, Pay Later) on Cyber […]
Lowe’s Q3 comp sales decreased 7.4% “Updates full year 2023 outlook – Comparable sales expected to be down approximately -5% as compared to prior year (previously down -2% to -4%).” Press release …Lowe’s cuts sales outlook as homeowners take on fewer projects at CNBC. “CEO Marvin Ellison said Lowe’s felt a “greater-than-expected pullback” by […]
Walmart Q3 U.S. comp sales up 4.9% Press release …Walmart’s caution on consumer spending ahead of holidays sends shares lower at Reuters. “Walmart’s CFO John David Rainey told Reuters the company saw shoppers slow down purchases in the second-half of October, and then pick up spending in the early part of November, on […]
Home Depot Q3 U.S. comp sales decreased 3.5% Press release …Home Depot earnings beat, but retailer offers a tepid outlook as sales slide at CNBC. “The retailer indicated caution about the coming months, as it narrowed its full-year outlook. It said it now anticipates sales will fall by 3% to 4% from the […]
Canadian Tire laying off 3% of corporate staff at CBC “…cites ‘softening consumer demand’ for decision to scale back…Canadian Tire comparable store sales fell by 0.6 per cent. SportChek sales were down by 7.4 per cent. Sales at Mark’s eked out an increase of 0.2 per cent.” Read more Amazon to Expand Grocery […]
Walmart and Peacock team up on AI-powered shoppable ads at Yahoo. “NBCUniversal said it is working with Walmart to let viewers watching Bravo’s Below Deck Mediterranean buy items from the show during commercial breaks using their remote control. Shoppable episodes of Below Deck Mediterranean will appear November 7, December 5 and December 12.” Read more […]
BNPL +42% | WM Romcom | Amazon #1 Delivery Biz
/in Eye-on-RetailUS Cyber Monday sales hit record $12.4 billion on big discounts at Reuters. “Online consumer spending jumped 9.6% on Monday from the $11.3 billion seen last year, outstripping Adobe’s initial expectations for a 6.1% rise to $12 billion…A record $940 million worth of purchases were made through BNPL (Buy Now, Pay Later) on Cyber […]
Lowe’s -7.4% | “Deal-Focused” | B.Buy -6.9% | Amazon’s Big Friday
/in Eye-on-RetailLowe’s Q3 comp sales decreased 7.4% “Updates full year 2023 outlook – Comparable sales expected to be down approximately -5% as compared to prior year (previously down -2% to -4%).” Press release …Lowe’s cuts sales outlook as homeowners take on fewer projects at CNBC. “CEO Marvin Ellison said Lowe’s felt a “greater-than-expected pullback” by […]
WM US +4.9% | W.Sonoma -14.6% | Oreo Lockdown | Macy’s -7.6%
/in Eye-on-RetailWalmart Q3 U.S. comp sales up 4.9% Press release …Walmart’s caution on consumer spending ahead of holidays sends shares lower at Reuters. “Walmart’s CFO John David Rainey told Reuters the company saw shoppers slow down purchases in the second-half of October, and then pick up spending in the early part of November, on […]
H.Depot -3.5% | Bezos Bash | TP Pics | Ikea Discount Dead
/in Eye-on-RetailHome Depot Q3 U.S. comp sales decreased 3.5% Press release …Home Depot earnings beat, but retailer offers a tepid outlook as sales slide at CNBC. “The retailer indicated caution about the coming months, as it narrowed its full-year outlook. It said it now anticipates sales will fall by 3% to 4% from the […]
Can. Tire Cuts | Boris Likes Bentonville | Casey’s @ Texas
/in Eye-on-RetailCanadian Tire laying off 3% of corporate staff at CBC “…cites ‘softening consumer demand’ for decision to scale back…Canadian Tire comparable store sales fell by 0.6 per cent. SportChek sales were down by 7.4 per cent. Sales at Mark’s eked out an increase of 0.2 per cent.” Read more Amazon to Expand Grocery […]
Lemonis Bed Bath CEO? | WM/NBC Shoppable Ads | Costco’s Golf Driver
/in Eye-on-RetailWalmart and Peacock team up on AI-powered shoppable ads at Yahoo. “NBCUniversal said it is working with Walmart to let viewers watching Bravo’s Below Deck Mediterranean buy items from the show during commercial breaks using their remote control. Shoppable episodes of Below Deck Mediterranean will appear November 7, December 5 and December 12.” Read more […]