Trump trade tariffs take U.S. imports, exports to near Covid-level event at CNBC. "We haven’t seen anything like this since the disruptions of summer 2020,” said Kyle Henderson, CEO of Vizion. “That means goods expected to arrive in the next six to eight weeks simply won’t." Read more   Brides Settle for Costco Flowers and American Wine as Tariffs Rain on Wedding Season at WSJ. "About 90% of dresses are manufactured in China...“People look at me like I’m insane when they see the prices, but I tell them it’s what I’m paying, too,” said (wedding florist) Fleck. “The carnation [...]

  CVS tops estimates, hikes guidance at CNBC. "Shares of CVS were up 7% in premarket trading Thursday. The company now expects full-year adjusted earnings of $6 to $6.20 per share, up from a previous guidance of $5.75 to $6 per share." Read more   Wayfair Q1 total revenue close to flat / US revenue +1.6% Press release   eBay Inc. Q1 revenue +1.0% Press release   Walmart US CEO John Furner Reveals How He Was Talked Into Buying Vizio at Adweek. "...chief growth officer Seth Dallaire...suggested Walmart could invest in a non-retail business to bolster thin retail margins...Furner also [...]

  White House blasts Amazon over tariff cost report: ‘Hostile and political act’ at CNBC. "The White House on Tuesday slammed Amazon for reportedly planning to display the cost of President Donald Trump’s tariffs next to the total price of products on its site." Read more   ...Retail Giants Manage to Keep a Lid on Prices but Warn It Can’t Last at WSJ. "(At Amazon) some sellers have tested raising prices by as much as 30% to see how much of an increase they can make before Amazon’s systems will downgrade their listings, according to Brandon Fuhrmann, an Amazon merchant [...]

  Orders for big-ticket items like autos and appliances surged 9.2% in March in rush to beat tariffs at CNBC. "Excluding defense, the increase was even higher, at 10.4%, though the ex-transportation number was flat. Transportation equipment orders surged 27%..." Read more   ...Three-quarters of the public expect tariffs to increase consumer prices at APNORC   Tractor Supply Q1 comparable sales down 0.9%; comp average transaction growth of 2.1% Press release   P&G Q3 net sales down 2% Press release   ...Procter & Gamble CEO says price hikes are ‘likely' at CNBC. "He added that price hikes tied to the [...]

  Trump hosts Walmart, Target and Home Depot CEOs for tariff meeting at CNBC. "A White House official told CNBC earlier Monday that a representative from Lowe’s would also be at the meeting. After the meeting concluded, an official told NBC News that no one from Lowe’s attended. After the meeting wrapped, the three companies issued nearly identical statements. “We had a productive meeting with President Trump and his team and appreciated the opportunity to share our insights,” a Walmart spokesperson said." Read more   From Fake Eyelashes to Care Bears, U.S.-Bound Goods Are Stuck in Tariff Limbo at WSJ. "Zeng, for [...]

  Target CEO Brian Cornell to meet with Al Sharpton to discuss DEI rollback at CNBC. "The meeting, which Target asked for, comes after some civil rights groups urged consumers not to shop at Target in response to the retailer’s decision to cut back on DEI. While Sharpton has not yet called for a boycott of Target, he has supported efforts from others to stop shopping at the retailer’s stores." Read more   Hudson’s Bay wants to hold auction for its art and artifacts including its royal charter at Yahoo. "The retailer filed for court protection from creditors under the [...]

  Albertsons Companies, Inc. Q4 identical sales increased 2.3% Press release   Jeff Bezos sells Seattle mansion amid move to Florida — for $63 million at NY Post. "This deal eclipses the state’s prior record...Nestled along Lake Washington’s shores, Bezos bought the 9,420-square-foot Hunts Point residence in 2019 for $37.5 million." Read more/Pics   Lowe's acquires Artisan Design Group (ADG) for $1.325 billion "ADG is a leading nationwide provider of design, distribution and installation services for interior surface finishes, including flooring, cabinets and countertops, to national, regional and local homebuilders and property managers...fiscal 2024 revenue of approximately $1.8 billion (and) [...]

  Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffs at AP. "Excluding the volatile food and energy categories, core prices rose 2.8% compared with a year ago, down from 3.1% in February. That is the smallest increase in core prices in nearly four years." Read more   Amazon CEO Andy Jassy says he believes sellers will pass increased tariff costs on to consumers at CNBC. "Jassy...said the company has done some “strategic forward inventory buys” and looked to renegotiate terms on some purchase orders in an effort to keep prices low on its [...]