Colorado logs $106M in recreational cannabis sales in March by Alica Wallace at Denver Post. "In total, the shops tallied up $135.2 million in sales during the month, up 3.7 percent from March 2017. The monthly haul — consisting of $29.2 million of medical marijuana sales and roughly $106 million in recreational sales..." Read more   Nestle falls behind as millennials warm up to frozen meals at Reuters. "Jeff Hamilton, who heads Nestle’s U.S. food business, said in an interview the company did not have the manufacturing capacity ready to meet extra demand for its Stouffer’s Fit Kitchen [...]

  Costco April Comp Sales (ex. gas/foreign exchange) +7.3% "...net sales of $10.81 billion for the retail month of April, the four weeks ended May 6, 2018, an increase of 13.1 percent from $9.56 billion last year." Press release   10 teams win federal approval to push the limits with drones, but Amazon’s left out by Alan Boyle at GeekWire. 10 sites chosen/Read more   Burberry sues Target for allegedly counterfeiting its check pattern by Dan DeBaun at Minneapolis/St.Paul Business Journal. "Although Target's copycat scarves are of inferior quality, they are superficially indistinguishable from genuine Burberry scarves," the complaint reads." Read more   Canadian Tire signs [...]

  Best Buy gets new logo and marketing campaign focused on blue-shirt experts by Kavita Kumar at Star Tribune. "The first refresh of the logo in nearly three decades is part of a new marketing strategy...The new tagline, or, as Alexander calls it, a rallying cry: “Let’s talk about what’s possible.”...Being retired is the company’s previous motto, “Expert Service. Unbeatable Price”. See logo/Read more (Tiered subs.)   Forbes 2018 World's Most Powerful People (Bezos #5, McMillon #23, Cook #24) Top 75 list   ‘Oops’: Walmart’s Biggest Deal Ever, Announced by SoftBank’s CEO at Bloomberg. "After his initial comments, Son noticed [...]

  Walmart likely to announce Flipkart deal before end of week at Reuters. "Both sources said that Flipkart Group Chief Executive Binny Bansal held a closed-door meeting with the firm’s top leadership at its Bengaluru headquarters on Monday, and one added that Bansal said that Flipkart co-founder Sachin Bansal would exit after the Walmart deal is sealed." Read more   Camping World Q1 Comp Sales +3.9% Press release   Corporate Responsibility Magazine Announces 2018 100 Best Corporate Citizens (CVS #26, Best Buy #59, Gap #68) Top 100 list   PriceSmart April Comp Sales +1.9% Press release   Is the beauty [...]

  Dick's Sporting Goods hires lobbyists on gun control by Polly Mosendz & Matthew Townsend at Bloomberg. "The company has retained Glover Park Group to lobby congress on the matter, according to a disclosure form filed in late April. The move is unusual for a firm in the retail sector..." Read more   Timberland lays off dozens of employees via NY Post. "Timberland said that it had laid off roughly 45 employees nationwide, including a number of employees at its headquarters in Stratham." Read more   Regulators sue Albertsons for allegedly banning employees from speaking Spanish in front of non-Spanish speakers [...]

  CVS Q1 Retail Comp Sales +5.8% / Pharmacy +7.3% Press release   ...CVS Health beats expectations for 1Q, 2018 forecast by Tom Murphy at AP via Yahoo. "CVS Health said Wednesday that it predicts 2018 adjusted earnings of between $6.87 and $7.08 per share. FactSet says analysts forecast, on average, earnings of $6.47 per share." Read more   H&M, Zara, and others ban mohair products after animal cruelty investigation by Abha Bhattarai at Washington Post via Philly Inquirer. "...video footage from an investigation by People for the Ethical Treatment of Animals shows workers dragging goats by the horns and [...]

  Tapestry shares nosedive after disappointing sales from Kate Spade at CNBC. "Same-store sales for Kate Spade fell more than 9 percent globally...Same-store sales for the Coach brand climbed 3 percent globally." Read more   Mall Owners and Retailers Clash Over Avalanche of Online Returns by Sarah Mulholland at Bloomberg. Read more   Disney is launching a digital food channel called Disney Eats at CNBC. "The online channel and editorial site features culinary shows and products aimed at families with young kids. Upcoming Disney Eats shows include "Kitchen Little," which will showcase kids working with celebrity chefs, and "Tiny Kitchen," [...]