Ulta Beauty Q2 comp sales +6.2% Press release   ...Ulta shares plummet as profit and sales miss expectations and company slashes outlook at CNBC. "(CEO Mary) Dillon said consumers haven’t been picking up new rituals such as contouring or brow styling this cycle. Consumers have also been increasingly bypassing brick-and-mortar stores like Ulta and Sephora and turning to digitally native makeup brands like Glossier." Read more   U.S. consumer spending increases solidly; income tepid at Reuters. "The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.6% last month after [...]

  Best Buy Q2 comp sales +1.6% (on top of +6.2% LY) Press release   ...Best Buy shares fall after second-quarter sales miss at CNBC. "...revenue of $9.54 billion, vs. $9.56 billion estimated...(comp) sales growth also grew by 1.6%, compared with analyst expectations of a 2.1% growth. The company’s adjusted earnings beat expectations by 9 cents." Read more   Dollar General Q2 comp sales +4.0% Press release   ...Dollar General Promotions: Jeffery C. Owen, 49, has been named chief operating officer with responsibility for store operations, merchandising and supply chain...Steven G. Sunderland will succeed Owen as executive vice president of [...]

  Hudson’s Bay to sell Lord & Taylor for $100 million to clothing rental service Le Tote at CNBC. "Le Tote is an apparel rental service that allows subscribers to rent clothes for $79 a month. That Le Tote, which was founded as a start-up in 2012, is able to snag the longstanding department store chain, speaks to how far department stores have fallen. Lord & Taylor’s footprint had fallen to 45 department stores as of Feb. 2..." Read more   Tiffany Q2 comp sales -4.0% Press release   ...CNBC: Tiffany shares jump after earnings beat "Tiffany on Wednesday reported [...]

  Crowds force Costco to shut maiden China store early on opening day at Reuters. "Videos posted on Chinese social media showed thousands of people crowding the aisles of the store in Shanghai’s Minhang district, while signs outside warned incoming shoppers that they might have to wait three hours to park. One nearby school sent out an advisory to parents warning them about the traffic conditions. “Please expect the student dismissal this afternoon to be severely delayed due to the grand opening of Costco Supermarket,” said the message." Read more   Horacio Barbeito Appointed President and CEO of Walmart Canada [...]

  Gap Inc. Q2 comp sales: Old Navy Global -5.0% / Gap Global -7.0% / Banana Republic Global -3.0% Press release   ...Gap’s second-quarter sales fall short of estimates, CEO calls out ‘challenging environment’ at CNBC. "Net income fell to $168 million, or 44 cents per share, from $297 million, or 76 cents a share, a year ago." Read more   Foot Locker Q2 comp sales +0.8% (vs. +3.3% expected) at Investor's Business Daily. Read more   Breach at Hy-Vee Supermarket Chain Tied to Sale of 5M+ Stolen Credit, Debit Cards at Krebs on Security. "According to two sources who [...]

  Dick's Q2 comp sales +3.2% "We saw growth across each of our three primary categories of hardlines, apparel and footwear, our brick-and-mortar stores comped positively and our eCommerce channel remained strong, increasing 21%," said Edward W. Stack." Press release   BJ's Wholesale Club Q2 comp sales (ex-gas) +1.6% "Christopher J. Baldwin, Chairman and CEO, BJ’s: "Our sales were particularly strong in the second half of the quarter as weather improved." Press release   Lowe’s CEO details plans for growth as construction begins on Charlotte tech hub by Hannah Smoot at Charlotte Observer. "“(The tech hub) is going to be [...]

  Target Q2 comp sales +3.4% "...comparable digital channel sales grew 34 percent. Same-day fulfillment services (Order Pick Up, Drive Up and Shipt) accounted for nearly 1.5 percentage points of the Company's overall comparable sales growth." Press release   ...Target Q2 beats expectations on strong sales, stock surges at Yahoo Finance. "Revenue: $18.42 billion vs. $18.25 billion expected. Adj. earnings per share: $1.82 vs. $1.62 expected. Same-store sales: +3.4% vs. +3% expected." Read more   ...Target CEO: The US trade war creates ‘uncertainty’ and ‘complexity’ for retailer at CNBC. Read more   ...How Target Packaged a Turnaround by Phil Wahba [...]

  Home Depot Q2 comp sales +3.0% Press release   ...Home Depot misses on sales, cuts outlook on worries tariffs could hit consumer spending at CNBC. "Home Depot is now calling for fiscal 2019 sales to be up about 2.3%, and same-store sales to be up about 4%. Previously, it was calling for total sales growth of 3.3% and same-store sales growth of 5%." Read more   Kohl's Q2 comp sales -2.9% Press release   ...Kohl’s reports better-than-expected earnings and revenue at CNBC. "We are pleased to report that our business strengthened as we progressed through the second quarter,” said [...]