Dick's Sporting Goods Q1 comp sales flat "The Company expects to deliver positive consolidated same store sales beginning in the second quarter...expects to open seven new Dick's Sporting Goods stores...in 2019." Press release   ...CNBC: Dick’s Sporting Goods shares soar on earnings beat "The sporting goods retailer’s stock was up as much as 6.2% in premarket trading on the news, having climbed about 18% over the past 12 months." Read more   Abercrombie & Fitch Q1 comp sales +1.0% (Hollister +2.0% / Abercrombie +1.0%) Press release   ...Reuters: Abercrombie & Fitch misses quarterly same-store sales estimates, shares fall Read [...]

  BJ's Q1 comp sales +1.9% (ex-fuel) Press release   Hibbett Sports Q1 comp sales +5.1% Press release   Target Looks to Acquire WPP’s Retail Ad Firm Triad by Alexandra Bruell at Wall Street Journal. "Triad sells ad space on retail websites and other digital properties. It also helps brands create digital ad campaigns. The talks are preliminary and could break down, according to the people. WPP’s digital ad-buying group Xaxis acquired Triad from private-equity firm Rockbridge Growth Equity LLC in 2016 for roughly $300 million, in an effort to capitalize on retailers’ growing ad businesses." WSJ subs.   Ross [...]

  Target Q1 comp sales +4.8% "...traffic growth of 4.3 percent...comp digital channel sales grew 42%, on top of 28% last year. Comp digital sales contributed 2.1 percentage points to Target's overall comparable sales growth. Same-day fulfillment services (Order Pick Up, Drive Up and Shipt) drove well over half of the Company's digital sales growth." Press release   ...AP: Target’s online game is on target "The retailer exceeded first quarter expectations on just about every level..." Read more   Lowe's Q1 U.S. comp sales +4.2% Press release   ...CNBC: Lowe’s reports mixed fiscal first-quarter earnings "Earnings per share: $1.22 adjusted, [...]

  Home Depot Q1 U.S. comp sales +3.0% Press release   ...Home Depot same-store sales misses on wet weather, lumber prices at Reuters. "Home Depot Inc reported its slowest growth in quarterly same-store sales in at least three years on Tuesday, missing Wall Street estimates, as the home improvement chain was hurt by wet weather in February and a steep fall in lumber prices." Read more   TJX Companies Q1 comp sales +5.0%  Press release   Kohl's Q1 comp sales -3.4% (vs. expected -0.2%) Press release   ...Kohl’s, JC Penney earnings disappoint, sparking selloff of department store shares at CNBC. [...]

  Kohl’s lands deal with Fanatics to sell its licensed sports gear online at CNBC. "The partnership will make Fanatics the exclusive distributor of all licensed sports apparel and accessories — for men, women and kids — for Kohl’s." Read more   Walmart unveils plans for its sprawling new home office in Bentonville by Lauren Thomas at CNBC. "Walmart is one step closer to moving into a new home office for more than 14,000 people, which will be outfitted with fitness centers for employees and their families, a child-care facility, more diverse dining options like food trucks, trails for hiking [...]

  Walmart Q1 U.S. comp sales +3.4% (vs. +3.3% expected) at CNBC. "Walmart earnings for the first quarter top analysts’ estimates...Walmart’s e-commerce revenues during the quarter grew 37%." Read more   Walmart says higher tariffs on China goods will increase prices for U.S. shoppers at Reuters. "Walmart Chief Financial Officer Brett Biggs told Reuters that...(Walmart) will seek to ease the pain, in part by trying to obtain products from different countries and by working with suppliers’ “costs structures to manage higher tariffs.” Read more   Sam's Club Q1 comp sales +0.3% (ex. fuel) Press release   Dillard's Q1 comp sales [...]

  Walmart fights back against Amazon with one-day shipping in some U.S. markets at Reuters. "The Walmart deal will be available to online shoppers in Phoenix and Las Vegas and then expand to Southern California in the coming days, the head of its U.S. ecommerce service, Marc Lore, told Reuters in an interview...plan to reach approximately 75% of the U.S. population this year, which includes 40 of the top 50 U.S. metro areas, Lore said." Read more   Walmart International CEO Says It's Moving On After a Major U.K. Setback by Phil Wahba at Fortune. "Life moves on fast, and [...]

  US hikes tariffs on Chinese goods, Beijing vows retaliation at AP News. "The higher U.S. import taxes don’t apply to Chinese goods shipped before Friday. By sea, shipments across the Pacific take about three weeks, which gives negotiators a few more days to reach a settlement..." Read more   Party City says it is closing 45 stores amid a global helium shortage by Kelly Tyko at USA Today. "...did not release a list of affected stores...closures represent about 5% of locations. Local news outlets have so far reported closings in California, Illinois, Connecticut and Washington." Read more   U.S. [...]