Best Buy Q1 comp sales down 0.7% Press release

 

…Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics at CNBC. “… shoppers bought fewer home theaters, appliances and drones than a year ago. The company said weakness in those categories was partially offset by growth in the computing, mobile phone and tablet categories.” Read more

 

Kohl’s Q1 comp sales down 3.9% Press release

 

Build-A-Bear Q1 net retail sales up 10.9% Press release

 

Federal court rejects Trump’s ‘unbounded authority’ to impose worldwide tariffs at Fox Business. “The three judges who ruled on the matter were appointed by former Presidents Ronald Reagan and Barack Obama, as well as Trump himself. The Trump administration has appealed the court’s decision, Reuters reported.” Read more

 

…White House adviser says three trade deals nearly done at Reuters. “If there are little hiccups here or there because of decisions that activist judges make, then it shouldn’t just concern you at all, and it’s certainly not going to affect the negotiations,” Hassett said.” Read more

 

Foot Locker Q1 comp sales down 2.6% Press release

 

**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

 

Market Basket CEO Arthur T. Demoulas placed on administrative leave at WMUR. “The board members said they believe Demoulas was planning to retaliate against the board for requiring that he work collaboratively with the board on company operations and plans.” Read more

 

Victoria’s Secret said it is addressing a “security incident,” as its website and online orders face ongoing disruption at TechCrunch

 

San Diego is getting its first Red White & Blue Thrift at San Diego Union-Tribune. “The chain, with close to 30 locations across the U.S…describes itself as a jack-of-all-trades merchant on its website, with “vintage, designer, new, nearly new, antique and collectible goods.” Read more

 

Kroger CDL drivers at GA fulfillment center authorize strike amid stalled contract talks at Fox 5 Atlanta

 

Cosmetics company E.l.f acquires Hailey Bieber’s Rhode beauty brand for $1 billion at AP. “Bieber’s Rhode had $212 million in net sales in the 12 months that ended March 31. The company’s products are only available online, but by the end of this year it plans to begin an in-store partnership with Sephora in North America and the U.K.” Read more

 

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