Home Depot Q1 comp sales +0.6% / US +0.4% Press release

 

…Home Depot says core shopper is resilient in the face of higher gas prices, sales rise 5% at CNBC. “The homeowner in a relevant sense is perhaps more protected financially than other customer cohorts and so we continue to see engagement,” finance chief Richard McPhail told CNBC in an interview…Comparable transactions fell 1.3% — the fourth straight quarter of declines…” Read more

 

Target Names Jeff England EVP, Chief Global Supply Chain and Logistics Officer “England joins Target from QXO, where he served as chief supply chain officer…Prior to that, he was chief supply chain officer at Genuine Parts Company and spent nearly two decades in a variety of operations, strategy and finance leadership roles at Walmart.” Press release

 

…Target Plans to Name a New Supply-Chain Head as It Struggles With Weak Sales at WSJ. “(Gretchen) McCarthy, 47, who has led Target’s supply-chain efforts since 2022 after a long career there, will stay at the company as an adviser through August…” WSJ subs.

 

Andy Jassy Is Rewriting Amazon’s Playbook for the AI Age at Bloomberg. “Jassy…takes pains, earnestly and often awkwardly, to project an everyman image, in part by constantly advertising his lifelong passion for music and sports…Jassy drives himself to work in a ’98 Jeep Cherokee, even though he imagines the airbags might “pulverize” him if they ever deployed. His favorite beer is Manny’s, a Seattle microbrew and fixture at the city’s sports bars and dives. To his Businessweek photo shoot, he wears what he calls his “eight-minute blazer,” which he once bought in a hurry for a customer meeting.” Bloomberg subs.

 

Mayor Mamdani Announces the Peninsula in the Bronx as the Second Site for City’s Public Grocery Stores Press release

 

Startup backed by American Eagle CEO reaches unicorn status in latest funding round at CNBC. “Radar, founded in 2013 by Spencer Hewett, raised $170 million at a valuation of over $1 billion in its series B funding round…American Eagle was the first retailer to implement Radar’s technology across its stores.” Read more

 

TOMORROW – Jeff Bezos interview @ CNBC 5/20 at 8AM ET

 

Lowe’s brings Mr.Beast Experience into stores with new Kids Club Workshops Press release

 

Shein acquires Everlane in $100m deal amid debt crisis – report at GlobalData/Yahoo. “Everlane was established in the early 2010s around a brand identity rooted in sustainability…It gained an early audience as a more affordable option within the apparel market, positioning itself as a contemporary basics brand.” Read more

 

7-Eleven has confirmed suffering a data breach from the notorious ShinyHunters hacker group SecurityWeek

 

A new Swatch model is introduced, and a case study in overexcited ‘drop culture’ plays out at AP. “All for a “bioceramic” timekeeper that retails for around $400 — but perhaps more to the point, resells for thousands of dollars…“It looks like people got crazy to get a Royal Pop to make money through resale, not because they are fans of the Swatch,” said Pierre-Yves Donze, a business history professor…” Read more

 

Sweets & Snacks Expo Announces 2026 Most Innovative New Product Awards Winners Press release

 

Meet the ‘Squatter Hunter’ who moves into hijacked homes to drive out intruders at NY Post. “In a Vancouver, Washington, case, he learns the unwanted occupant may be afraid of snakes, so he turns the living room into a makeshift reptile zone. “The owner told me that there was an incident involving a snake. So I have a little surprise for her,” Shelton says in the episode. “We are going to build a snake terrarium in the living room.” Read more