BJ’s Wholesale Q3 comp club sales (ex-gas) +3.8% “Digitally enabled comparable sales growth was 30.0%…reaches milestone of 7.5 million members…effective January 1, 2025. The Club membership fee will increase by $5 to $60 a year. The Club+ membership fee will increase by $10 to $120 a year.” Press release

 

Target’s recent trade imports data tells the real story behind massive earnings miss at CNBC. “…the trade data shows it still brought in way too much in dollar value. According to customs data aggregated by Panjiva, Walmart imported 25,000 shipments from May 31-Aug. 31, valued at $1.3 billion. During the same time frame, Target imported 40,000 shipments, valued at $2.5 billion.” Read more

 

…Target Q3 comp sales +0.3% Press release

 

EBay Billionaire Jeff Skoll Is Buying a Compound Outside Washington, D.C. at WSJ. “Skoll is paying $17 million for a compound in McLean, Va., to be closer to the Washington, D.C., stadium where the Capitals play. “I decided it would be great to have a home in the area so I could be there more often,” said Skoll, 59, who lives primarily in Florida.” WSJ subs. / Pics

 

Home sales surged in October, just before mortgage rates jumped at CNBC. “Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were 2.9% higher than October of last year, marking the first annual increase in over three years.” Read more

 

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Williams-Sonoma CEO explains pricing strategy after earnings beat at CNBC. “CEO Laura Alber: ‘When we price the goods the first time, we want you to say, ‘wow, that’s a great price, and how gorgeous is that product?’” she said. “And that’s the focus we’ve had since the pandemic, is to continue to pull back on this up/down promotional pricing that so many of our competitors run.'” Read more/Video

 

…Williams-Sonoma Q3 comp brand revenue -2.9% Press release

 

‘No evidence of foul play’ after teen Walmart worker’s charred remains found in walk-in oven: police at NY Post

 

Costco rewards unexpecting golfer after hole-in-one with Kirkland Signature ball at Golf Digest. “A lot of golf companies offer something complimentary if you make a hole-in-one with their equipment, so I decided to email the CEO lol!” the Redditor explained. “Was not expecting a reply and was surprised to get a response and get forwarded over to the SVP who got my details and sent some KS balls and a note! Gotta love Costco!” Read more

 

Kroger Chief People Officer Tim Massa Inducted as a Fellow of the National Academy of Human Resources Press release

 

Sheetz is slashing gas prices by 40 cents a gallon at CNN. “Effective immediately, the price of its Unleaded 88 is being reduced by 40 cents per gallon. The deal lasts until the end of November and is available at 505 Sheetz locations that sell that type of gas.” Read more

 

TJX Companies, Inc. Q3 comp sales +3.0% Press release

 

Costco Korea in Hot Pursuit of Homeplus, Aiming for 2nd Place in the Retail Industry at Business Korea. “The sales gap between Homeplus and Costco Korea, which was a staggering 2.7772 trillion won in 2020, has narrowed to 400 billion won this year as Costco Korea has achieved an average annual growth rate close to 10%. During the same period, Homeplus has experienced an average annual growth rate of -1.2%.” Read more

 

Deloitte Unveils 2024 North America Technology Fast 500 Rankings List

 

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