Walmart Q2 US comp sales +2.6% / Hikes full year outlook at CNBC. “The retailer said revenue rose 5.9% in its fiscal second quarter as e-commerce sales jumped 23% globally. Walmart also said U.S. comparable sales grew 2.6%, offset in part by a 0.8% headwind in its health and wellness business as price caps on certain drugs took effect.” Read more

 

…Sam’s Club comp sales +4.4% / WM Int’l Net Sales +7.9% / Global Advertising +38% Press release

 

…Walmart sees the slowest pace in US comparable sales in 6 years and offers cautious guidance at AP. “The new figures from Walmart revealed the smallest gain in comparable store sales since a 1.9% gain for the quarter ended Jan. 31, 2020, according to FactSet.” Read more

 

The Meal-Kit Industry Is in Disarray After a Major Supplier Went Bust at WSJ. “FreshRealm had been the main supplier for Blue Apron and Marley Spoon. It filed for bankruptcy earlier this year after a series of listeria outbreaks in its factories last year led Walmart—a major customer—to end the relationship.” WSJ subs.

 

Advance Auto Parts Q2 comp sales down 0.5% Press release

 

Couple invites Buc-ee the Beaver to their wedding – gets two thumbs up at People. “Because how cool would that be to have the beaver on the dance floor?” Clayton told THV 11, and Baumann laughed. “You can’t top it.” Read more

 

Sales at the 25 biggest luxury labels in China dropped more than 10% in July at Bloomberg/Yahoo. “The slump coincides with China’s sweeping efforts to stem capital outflows and reclaim tax revenues…” Read more

 

Carney asks provinces to return U.S. alcohol to stores at The Canadian Press

 

…The tentative trade deal between the US and Canada would lower tariffs on certain Canadian exports of steel and aluminum to 25% and cut duties on Canadian auto exports to 15%, according to people familiar with the matter Bloomberg subs.

 

Heinz’s new adjustable cap looks simple. Its design process was another story at Fast Company. “The “Love Lid” is designed with a patented adjustable cap that Heinz developed in partnership with Beta Design Office and Wieden+Kennedy London. It works thanks to a two-part mechanism that controls the ketchup flow while creating a distinct “click” sound as it’s turned to the three different settings.” Fast Company subs.

 

U.S. employers expect their healthcare costs to go up by 11.1% next year according to a new survey from benefits consultant WTW – the steepest rise in more than 20 years WSJ subs.

 

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