BOOM – Costco January comp sales +15.9%: US +15.4% / Canada +15.2% / Other Int’l +19% / Ecom +106.7% “Costco reported net sales of $13.64 billion for the retail month of January, the four weeks ended January 31, 2021, an increase of 17.9 percent from $11.57 billion last year.” Press release

 

Union leaders backing Amazon election in Alabama discuss effort with White House at Reuters. “RWDSU President Stuart Appelbaum said labor leaders “connected to the RWDSU” spoke to the White House, but he declined to name who they spoke with. He also said another senior advisor to Biden has been tracking the Alabama effort.” Read more

 

Tapestry Q2 net sales fall 7% in holiday quarter: Coach down 4% / Kate Spade down 13% / Stuart Weitzman down 27% Press release

 

Kohl’s sees holiday-quarter revenue down 10% at CNBC. “Analysts had been calling for a revenue decline of 8.9%, according to a poll compiled by Refinitiv…Chief Executive Michelle Gass said digital sales represented more than 40% of net sales during the period, up more than 20% year over year.” Read more

 

PayPal profit tops estimates at Fox Business. “PayPal’s processed payments in the latest quarter rose 39% to $277.1 billion, with an additional 16 million net new active customers…Quarterly revenue rose about 23% to $6.12 billion, topping estimates.” Read more

 

Ebay earnings beat on pandemic-driven surge in online shopping at Reuters. “In the United States, one in 10 online shoppers bought something on eBay. In Germany, that number was one in seven and in the UK, it was one in four,” Iannone said on a conference call with analysts. EBay also projected first-quarter revenue in the range of $2.94 billion to $2.99 billion, above estimates of $2.53 billion, according to IBES data from Refinitiv.” Read more

 

Walmart will acquire technology from Thunder Industries, a company that uses automation to create digital ads at Wall Street Journal. “A skin care company could use the tool to create versions of an ad with models of different ages, for example, then use the technology to determine which performs best. The new self-serve display ad tool will launch later this year, the company said.” WSJ subs.

 

Amazon is testing Rivian electric delivery vans in Los Angeles at CNBC. “Now, Amazon says it will test the custom electric vehicles in as many as 16 different cities in 2021.” Read more

 

**A message from SPS Commerce. Consumers expect a seamless experience, whether they shop online or in-store. Without the right data from your suppliers, it’s impossible to deliver a consistent shopping experience. SPS partners with you to automate data exchange with your suppliers, so you can meet the expectations of your consumers, no matter where they shop. Visit our website for details or contact us at 866-245-8100.

 

Casper names Charles Liu Chief Operating Officer “Most recently, Charles was Vice President of Supply Chain for Walmart’s e-commerce division…” Press release

 

L Brands raises forecast, says CFO is retiring and Victoria’s Secret spinoff is still an option at CNBC. “It said it expects same-store sales to increase by 10% in the quarter, which includes a 22% increase at Bath & Body Works and a 3% drop at Victoria’s Secret.” Read more

 

Express, Inc. Regains Compliance With NYSE Listing Standards Press release

 

Ralph Lauren said it expects fourth-quarter fiscal 2021 revenue to fall by mid-to-high single digits, while analysts’ were expecting a 2.9% drop at CNBC. Read more

 

PriceSmart to Open Ninth Warehouse Club in Colombia, and Expects to Have 50 Clubs in Operation by Spring 2022 Press release

 

Tipsheet Extra

Krojis Go Viral as Kroger ‘Low’ Ads Become Memes

Anti-baldness drug Propecia has long trail of suicide reports, records show

Pot producer Canopy launches pet treats after Martha Stewart’s line takes off

Jeff Bezos’ $500M real estate portfolio: See all his luxury houses

Walgreens out to ‘supercharge’ owned brands

Read Tipsheet Extra Stories

 

**

Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net

 

Website: eyeonretail.net