Home Depot Q4 comp sales +0.4% Press release

 

…Home Depot beats Wall Street’s expectations at CNBC. “Despite the fourth-quarter sales decline, Home Depot topped Wall Street’s revenue and earnings expectations for that period. In an interview with CNBC, Chief Financial Officer Richard McPhail said U.S. consumers and the company have “been in a frozen housing environment for three years” – and there hasn’t been a meaningful thaw.” Read more

 

Bed Bath & Beyond Inc. Q4 net revenue -9.8% Press release

 

Saks Owner Says He Saved Department Stores. Never Mind the Bankruptcy. at NY Times. “I had 50,000 people working for 10 years longer than they would have,” said Mr. Baker, wearing a cashmere crew neck from Loro Piana, one of the luxe brands he used to sell. “That’s more than a half a million work years. I kept each one of these businesses going longer than anyone on Earth ever could have.” NY Times subs.

 

Novo Nordisk to Cut U.S. List Prices for Ozempic, Wegovy by Up to 50% at WSJ. “Under the changes, both Ozempic and Wegovy will list for $675 a month, effective Jan. 1, 2027. That is half of the current price tag for anti-obesity therapy Wegovy and a 34% cut for diabetes treatment Ozempic. The price cuts also will apply to pill versions of both injections, including one sold as Rybelsus.” WSJ subs.

 

Loblaw eyes 70 new stores in 2026 Read more

 

From cost center to competitive advantage: Modernizing reverse logistics with AI at McKinsey. “…consumers don’t weigh each of these (return) features equally. When asked to rank their preferences, consumers say they care most about receiving a guaranteed refund, the cost of the return, and the form of repayment; they care less about the number of days they have to return an item, visibility into the process, or consistent processes or platforms…” Read more

 

Scott Bomar (Ex-Home Depot SVP of Finance) named Yeti CFO Press release

 

The Luxury Resale Market Is Booming. Brands Are Struggling to Cash In. at WSJ. “According to Boston Consulting Group, the share of secondhand goods in shoppers’ wardrobes has risen 7 percentage points to 28% since 2020…Handbags, one of the most lucrative products for luxury brands, are particularly exposed to the shift. Young Gen Z consumers are now making nearly half of their bag purchases at secondhand retailers.” WSJ subs.

 

Sprouts names Don Clark (Ex-Giant Eagle/Whole Foods) new Chief Merchandising Officer & Amanda Rassi (Ex-Michaels/Kroger) as Chief Customer Officer Press release

 

RH Unveils 2026 Interiors Spring Sourcebook

 

FedEx sues Trump administration for full tariff refunds at Fox Business. “The lawsuit does not disclose how much FedEx has paid in tariffs. However, in September (FedEx) expected a $1 billion hit to fiscal-year earnings from U.S. trade policies, only part of which involved IEEPA duties.” Read more