Best Buy Q1 enterprise comp sales +37.2% Press release

 

Dollar Tree Q1 comp sales: Enterprise +0.8% / Dollar Tree +4.7% / Family Dollar -2.8% Press release

 

Dollar General Q1 comp sales decreased 4.6% Press release

 

Burlington Stores Inc. comp sales +20% vs. 2019 Press release

 

Gap expands into home under new partnership with Walmart at AP. “The collection of more than 400 items is Gap’s first venture into the home category and it’s selling everything from bedding and bath goods to home decor. The collection will appear on Walmart’s site on June 24. They will eventually make it into Walmart stores…” Read more

 

Williams-Sonoma Inc. Q1 comp brand revenue +40.4% vs. 2020 “…all brands accelerating sequentially including West Elm at 50.9%, Pottery Barn at 41.3%, Williams Sonoma at 35.3% and Pottery Barn Kids and Teen at 27.6%.” Press release

 

American Eagle Inc. Q1 total revenue +17% vs. 2019 Press release

 

Andy Jassy will become Amazon’s CEO on July 5th at The Verge. “The company picked that date because it marks 27 years to the day that Amazon was incorporated, according to reporters who transcribed remarks from outgoing CEO Jeff Bezos.” Read more

 

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Warren Buffett becomes No. 3 holder in Kroger at Cincinnati Enquirer/USA Today. “Berkshire Hathaway now owns a 6.5% stake in Kroger – worth almost $1.9 billion. Mega investors Blackrock and Vanguard respectively hold 9.8% and 9.7% of Kroger.” Read more

 

Amazon looking at opening pharmacy stores in U.S. at Reuters. “The talks are mostly exploratory and any meaningful rollout of stores can take more than a year, according to the news site, citing people familiar with the matter. Insider also reported there were talks about putting the pharmacies inside of Amazon-owned Whole Foods locations.” Read more

 

Bed Bath & Beyond expands DoorDash same day delivery to over 3,000 additional zip codes across the country Press release

 

REI launches Co-op Studios to produce original content and entertainment “The next release from Co-op Studios is “The Trees Remember,”…written and directed by Angela Tucker of TuckerGurl, Inc. The series explores connection to nature through the heartfelt stories of three Black women.” Press release

 

Dick’s Q1 net sales +119% vs. 2020 / +52% vs. 2019 Press release

 

…Dick’s Sporting Goods says team sports’ return fueled comeback at Fox Business. “In light of its first quarter earnings, Dick’s expects its full-year adjusted earnings between $8 and $8.70 per share, which is up from between $4.40 to $5.20…” Read more

 

Build-A-Bear Inc. total revenues +96.7% vs. 2020 / +8.7% vs. 2019 Press release

 

Tipsheet Extra

Amazon closes construction site again after 8th ‘noose’ found

Vista Outdoor to acquire hunting-inspired fashion brand, e-bike company

Amazon’s share of CPG sales on Prime Day has averaged a 5x increase

LGBTQ employees are less satisfied at work, especially at Amazon and Walmart

Trudeau gets leeway from voters on slower U.S. border reopening

Read Tipsheet Extra Stories

 

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