BJ’s Wholesale Q2 comp sales (ex-gas) +24.2% Press release

 

…BJ’s Wholesale Club profit doubles as members load up during coronavirus at Fox Business. “…earned $106.6 million, or an adjusted 77 cents per share, as revenue rose 18% year-over-year to $3.95 billion. The results outpaced the adjusted earnings of 60 cents a share and revenue of $3.74 billion that Wall Street analysts surveyed by Refinitiv were expecting.” Read more

 

Amazon tells third-party Prime sellers to start working weekends at NY Post. “Amazon told third-party sellers participating in its Seller Fulfilled Prime program — which allows them to advertise their products under Amazon’s popular Prime banner — they will be required to ship and receive packages on Saturdays…The new policy will go into effect in February.” Read more

 

Alibaba Says Business Is Back to Normal, Quarterly Profits Hit $5.6 Billion at Variety. “The company revealed a 34% surge in revenues and net profits between April and June, the first quarter of its new financial year, climbed by 28% to $5.59 billion.” Read more

 

DoorDash launches grocery delivery on its app at Reuters. “Grocery delivery on DoorDash’s app will begin with Meijer Inc, among others, and expand to more regional and specialty chains in coming weeks…DoorDash grocery orders are fulfilled inside of supermarkets by employees of Swiss staffing agency Adecco Group AG, who then put orders on a pick-up shelf for DoorDash drivers to deliver.” Read more

 

Lowe’s Tool Rental will begin a multi-year national rollout with its first space opening in Charlotte, N.C. on Aug. 20 Press release

 

Lord & Taylor is closing two dozen stores at CNBC. Map of closing locations

 

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Ulta Beauty to Close All Stores on Thanksgiving Day 2020 Press release

 

Target Q2 comp sales +24.3% Press release | Earnings call transcript

 

…Target CEO credits canceled vacations, not stimulus checks, for blowout quarter at CNBC. “In the pandemic, we’re not going to restaurants, we’re not going to movies,” (Cornell) said. “Those traditional summer trips have been canceled. We’re not on planes. We’re not spending dollars on lodging, so many of those dollars have been redirected into retail.” Read more/Video

 

Lowe’s US Q2 comp sales +35.1% Press release | Earnings call transcript

 

Case Study: ShopRite’s Paperbird Soars at MediaPost. “Laura Kind, vice president of brand strategy at Wakefern, ran through a case study at our Brand Insider Summit CPG on Wednesday that took attendees from beginning to end…” Read more

 

Ace Hardware Q2 comp sales +35.3% Press release

 

Shoppers who arrive without a face covering at a Kings Food Market are provided with the CEO’s personal cellphone number at Progressive Grocer. “Spires told “Today” that she’s already convinced at least one customer to wear a mask during their next visit despite fundamentally disagreeing on the policy. Other than that, she claims the idea has received praise from the majority of her customers.” Read more

 

Tipsheet Extra

Univ. of Illinois Covid saliva test could be game-changer

Fund launched for woman struck by car that crashed into supermarket

Radio Flyer teams up with Tesla to launch a tyke-sized Tesla

No fear of coronavirus at drive-through haunted house

Instacart now providing shoppers Doctors on demand

Pandemic pushes expansion of ‘hospital-at-home’ treatment

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