Costco May comp sales (ex. fuel & f/x) +6.0% Press release

 

Amazon is reportedly training humanoid robots to deliver packages at The Verge. “Citing an anonymous source “involved in the effort,” The Information says that Amazon has almost finished constructing an indoor “humanoid park” at one of the retail giant’s San Francisco offices that’s roughly the size of a coffee shop. The obstacle course reportedly contains one Rivian van for training purposes, with Amazon aiming to have humanoid robots “hitch a ride in the back of Amazon’s electric Rivian vans and spring out to deliver packages.” Read more

 

Five Below, Inc. Q1 comp sales +7.1% Press release

 

A long wait for the Nintendo Switch 2 launch, and very long lines at AP. “I’m just rolling the dice here,” said Edgar Huo, who was eighth in line of about 25 outside of a Target in the Tribeca neighborhood of Manhattan, New York. Many of those waiting for the store to open had ordered online, but a few like Huo hoped for a chance at purchasing any extra inventory the store had.” Read more

 

Dollar Tree, Inc. Q1 comp sales +5.4% Press release

 

Walmart’s disconnect—inside the retail media boom that’s splitting marketers at Ad Age. “Walmart’s retail media business is booming but behind the scenes, some top advertisers are pulling back. Frustrated by rising price tags, limited ROI transparency and aggressive asks for year-over-year spending increases, a growing number of marketers are backing out of deals…” Ad Age subs.

 

DoorDasher drives onto tarmac at Chicago’s O’Hare Airport at The Hill. “In surveillance video obtained by Nexstar’s WGN, the delivery driver’s red Hyundai Elantra is seen pulling up just behind and to the right of a United Airlines wide body jet parked at Terminal 1…” Read more

 

**A note from Sensi Smart Thermostats. Critics agree – it’s a hit: Esquire – Best Smart Thermostat 2024. MSN – Best Overall User Experience 2024. Energy Star Partner of the Year 2020-2024. Website | info@eyeonretail.net

 

Shein and Temu see U.S. demand plunge on ‘de minimis’ trade loophole closure at CNBC. “Temu’s U.S. daily active users (DAUs) dropped 52% in May versus March, before Trump’s tariffs were announced, while those at rival Shein were down 25%, according to data shared with CNBC by market intelligence firm Sensor Tower.” Read more

 

Chicago’s Grocery Tax Was Slated To End In 2026. Now, Mayor Wants To Keep It Going at Block Club Chicago

 

96% of Member’s Mark Food and Beverage Products Now Meet ‘Made Without’ Goals “The ‘Made Without’ list includes over 40 distinct ingredients, such as artificial colors, aspartame and high-fructose corn syrup…” Press release

 

Procter & Gamble to cut up to 7,000 jobs, or approximately 6% of its global workforce, over the next two years at AP

 

Here’s how tariffs could affect the price of goods like shoes and sweaters at CNBC. “Under a current 30% tariff, the price of a men’s cotton sweater and a pair of men’s shoes made in China would both rise about 19%, according to AlixPartners…Using a current 10% tariff on goods from Vietnam, the price of a sweater and shoes would both rise about 8%.” Read more

 

The Michaels Companies, Inc. Acquires JOANN Intellectual Property and Private Label Brands Press release

 

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