Walmart Q3 U.S. comp sales up 4.9% Press release   ...Walmart's caution on consumer spending ahead of holidays sends shares lower at Reuters. "Walmart's CFO John David Rainey told Reuters the company saw shoppers slow down purchases in the second-half of October, and then pick up spending in the early part of November, on items including apparel and home goods, that have been out of favor for most of the year." Read more   Bath & Body Works trims sales forecast as demand slows into holiday season at Reuters. "The retailer expects its 2023 net sales to fall by [...]

  Home Depot Q3 U.S. comp sales decreased 3.5% Press release   ...Home Depot earnings beat, but retailer offers a tepid outlook as sales slide at CNBC. "The retailer indicated caution about the coming months, as it narrowed its full-year outlook. It said it now anticipates sales will fall by 3% to 4% from the prior year, compared with a previous expectation of a 2% to 5% decline...In an interview with CNBC, Chief Financial Officer Richard McPhail said the company’s results and forecast reflect that the year “is a period of moderation in home improvement.” Read more   US consumer [...]

  Canadian Tire laying off 3% of corporate staff at CBC "...cites 'softening consumer demand' for decision to scale back...Canadian Tire comparable store sales fell by 0.6 per cent. SportChek sales were down by 7.4 per cent. Sales at Mark's eked out an increase of 0.2 per cent." Read more   Amazon to Expand Grocery Delivery, Resume Supermarket Openings at Bloomberg. "(Claire Peters) said the company plans to resume opening new Fresh stores in 2024, after a pause of more than a year. Amazon also has redesigned five locations, including three in the Los Angeles area that wrapped up renovations recently. “We [...]

  Walmart and Peacock team up on AI-powered shoppable ads at Yahoo. "NBCUniversal said it is working with Walmart to let viewers watching Bravo’s Below Deck Mediterranean buy items from the show during commercial breaks using their remote control. Shoppable episodes of Below Deck Mediterranean will appear November 7, December 5 and December 12." Read more | Press release   The new Bed Bath & Beyond’s CEO is out, days after activist firm called for his ouster at CNBC. "In the letter, JAT said Marcus Lemonis, the Camping World CEO and TV personality who starred in CNBC’s “The Profit,” should take [...]

  Target CEO says shoppers are pulling back, even on groceries at CNBC. "In an interview with CNBC’s Becky Quick that aired Thursday morning, he emphasized that the retailer has posted seven consecutive quarters of declining sales of discretionary items, such as apparel and toys, in terms of both dollars and units. “But even in food and beverage categories, over the last few quarters, the units, the number of items they’re buying, has been declining,” he said in the interview." Read more/6:59 video   ...Cornell’s full interview with CNBC will air later Thursday as part of CNBC Evolve   Lawmakers say [...]

  Pharmacy staff from CVS, Walgreens stores in US start three-day walkout at Reuters. "The walkout, which has been dubbed "Pharmageddon" on social media platforms such as Meta's Facebook where it was largely planned, started on Monday and led to the closing of some stores in New York City, two organizers told Reuters." Read more   100 Best Large Workplaces for Women at Fortune Wegmans #22 Publix #69   Walmart Celebrates Re-Grand Opening of 117 Remodeled Stores Across U.S Press release   Home Improvement Retailers Amp Up Radio Presence at Inside Radio. "Lowe’s leaps 13 positions up the weekly spot [...]

  U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected at CNBC. "The chain-weighted price index, which takes into accounts changes in consumer shopping patterns to gauge inflation, rose 3.5% for the quarter, up from 1.7% in Q2 and higher than the Dow Jones estimate for 2.5%." Read more   Tractor Supply Q3: Net sales increase of 4.3% / Comp store sales decline 0.4% Press release   UPS to Acquire Happy Returns, a Leader in Reverse Logistics Press release   Time: The 200 Best Inventions of 2023 Read more/List   America's broken pharmacy system [...]

  A first-hand look at Amazon’s new ‘Sequoia’ warehouse robotic system at GeekWire. "We got a first-hand look and a guided tour of the new robotic system with Rain Wang, an Amazon senior technical product manager who leads the Sequoia project, during a tour at Amazon’s “Delivering the Future” event in Sumner. Later, we sat down to discuss the details with Scott Dresser, Amazon Robotics vice president." Read more/Video   Ex-Amazon manager writes tell-all memoir about working while female at Seattle Times. "It’s a place, as she describes it, where no feedback is good feedback, “where you never feel like [...]