Trump goes after Amazon day after report saying he wants to 'go after' the company at CNBC. "Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!" Trump wrote on Twitter." Read more   Walmart commits to cutting 50 million metric tons of carbon emissions from its Chinese operations at Bloomberg. "There’s definitely a positive attitude from the Chinese government about the goals we are putting in place,” said Laura Phillips, the [...]

  Walgreens profit, sales beat estimates via CNBC. "Same-store sales at Walgreens' U.S. pharmacies rose 5.1 percent in the quarter. The company filled 269.2 million prescriptions, up 9.1 percent from a year ago." Read more | Press release   Trump hates Amazon by Jonathan Swan at Axios. "Trump wants to go after...Amazon, according to five sources who’ve discussed it with him. “He’s obsessed with Amazon,” a source said. “Obsessed.” Read more   Hudson's Bay Q4 comp sales -2.4% "Comparable sales at Saks Fifth Avenue grew for the third consecutive quarter, increasing by 2.1%...Comparable sales declined by 2.6% at DSG, 3.4% at HBC [...]

  H&M's Pile of Unsold Garments Grows as Earnings Plunge by Anna Molin at Bloomberg. "Operating profit fell 62 percent to the lowest level in 16 years as inventory rose to 17.6 percent of sales in the first quarter. The stock slumped to the lowest in almost a decade." Read more   Home Depot Has #1 "Least Fancy Hot Dog" in NYC by Lisa Elbert at Food & Wine. "This was not the Hot Dog Depot I was accustomed to, but a little slice of heaven called Rocco’s Italian Sausages, and the moment we walked in and spotted the sizzling [...]

  Tesco veteran to head Walmart's Jet.com as U.S. grocery wars flare by Nandita Bose at Reuters. "Simon Belsham will oversee all operations including grocery and general merchandise and join Walmart’s U.S. e-commerce leadership team, according to an internal email sent on Monday by Marc Lore, the head of Walmart’s e-commerce business, to Jet employees and seen by Reuters." Read more   Lowe's CEO to Retire "Robert A. Niblock plans to retire as chairman, president and CEO after a 25-year career with the company. The board of directors has initiated a search for his successor, and in the interim Niblock will [...]

  Retail sales decline for third straight month in February via CNBC. "Excluding automobiles, gasoline, building materials and food services, retail sales edged up 0.1 percent last month after being unchanged in January." Read more   Walmart Grocery Delivery Availability Grows to Some 40% Of U.S. Households by Phil Wahba at Fortune. Read more   ...BJ's Wholesale Club offers same-day delivery with Instacart at CNBC. "BJ's Wholesale Club is expanding its partnership with Instacart to offer customers same-day delivery in cities along the East Coast, with plans to expand to all BJ's Clubs nationwide by the end of April." Read [...]

  Dick's Q4 Comp Sales -2.0% (vs. -1.0% expected) Press release   ...Dick’s Sporting Goods shares tumble on revenue miss at CNBC. "Revenue was $2.66 billion, below analysts' expectations for $2.74 billion in sales." Read more   How Your Returns Are Used Against You at Best Buy, Other Retailers by Khadeeja Safdar at Wall Street Journal. "Every time shoppers returns purchases to Best Buy, they are tracked by a company which has the power to override the store’s touted policy and refuse to refund their money.That is because (Best Buy) is one of several chains that have hired a service called The [...]

  Whole Foods calls March 19th meeting with key vendors as tensions flare at CNBC. "A major point of debate for its larger vendors is the new servicing fee, proposed in the last few months, which will charge vendors for Whole Foods' efforts to centralize its merchandising, sources said. Still, some of the sources noted their reliance on Whole Foods as a customer gives them little power with which to bargain." Read more   Amazon's attempt to land major Pentagon job stokes antitrust fears by Ali Breland at The Hill. "Companies frustrated by what they see as procurement bias towards [...]

  Boxed reportedly rejected $400 million buyout offer from Kroger by Matthew Boyle & Craig Giammona at Bloomberg. "(Boxed Wholesale's) board voted last week to reject the offer from (Kroger), said the person, who asked not to be identified because the discussions were private. Boxed also had preliminary talks with Amazon.com Inc., Target Corp. and Costco Wholesale Corp., but Kroger was the only company to submit a bid, the person said. Boxed has a $470 million valuation, the person said." Read more   Neiman Marcus Q2 Comp Revenue +6.7% Press release   Amazon all-hands meeting: Jeff Bezos & Whole Foods [...]