Costco Q1 comp sales (ex. gas & f/x) +17.1% / US +17% / Canada +16.8% / Other Int’l +17.7% / Ecom +86.2% Press release

 

Lululemon earnings, sales top estimates on strong demand for workout gear at CNBC. “Lululemon on Thursday reported sales of $1.1 billion, up 22% from a year ago and beating analysts’ estimates…Same-store sales…were up 19%.” Read more

 

Almost 40% of Americans plan to spend less this holiday season as the Covid pandemic lingers at CNBC. “Just 11% plan to spend more…The average American plans to spend just $886, down 10% from their planned spending last year, according to the survey.” Read more

 

Academy Q3 comp sales +16.5% Press release

 

Amazon is reportedly eyeing a $100 million investment in the Apollo Pharmacy chain at Business Insider. “The company is looking to face up to Reliance Industries Ltd and Tata Group in India’s fast-growing drug market, the Economic Times reported…” Read more

 

Walmart is Preparing to Administer the COVID-19 Vaccine Once Approved by Dr. Tom Van Gilder, Chief Medical Officer, Walmart Read more

 

Tractor Supply Names Noni Ellison SVP, General Counsel and Corporate Secretary “Most recently, Ellison served as Carestream Dental’s General Counsel, Chief Compliance Officer and Corporate Secretary…” Press release

 

**A message from Readywise, the leader in emergency food supplies – Consumers are looking for emergency food supplies – are you offering the selection they want? Up to 25-year shelf life. High quality and great taste. Website | Catalog | Sample: info@eyeonretail.net

 

Walmart to triple exports of India-made goods to $10B each year by 2027 at Fox Business. “Moving forward, Walmart said it plans to help develop hundreds of new suppliers in key Indian export categories such as food, pharmaceuticals, consumables, health and wellness, and general merchandise, along with apparel and homeware.” Read more

 

Amazon Wants to Train 29 Million People to Work in the Cloud at The Wall Street Journal. “While some participants might find jobs at Amazon, it is more likely they would get hired at other companies, including many that use Amazon Web Services…Teresa Carlson, a vice president at Amazon Web Services, says the company hears almost daily from its clients that they can’t find the right people to fill technical jobs…” WSJ subs.

 

Hudson’s Bay takes Ontario to court, calling retail lockdown ‘unreasonable’ and ‘irrational’ at Financial Post. “Of all months to impose a full lockdown, this is by far the most crippling,” HBC said in its application for a judicial review.” Read more

 

Shopify is ready for the holiday season. Just don’t call it the ‘anti-Amazon’ at Fortune. “Padelford joined Fortune Brainstorm, a podcast about how technology is changing our lives, where he spoke to Fortune’s Michal Lev-Ram and Brian O’Keefe about these changing consumer habits.” Podcast/Read more

 

Dick’s Sporting Goods named to Top 100 Internship Program list at National Intern Day. Top 100 list

 

U.S. producer prices increase modestly in November at Reuters. “The producer price index for final demand edged up 0.1% last month after increasing 0.3% in October, the Labor Department said on Friday. That was the smallest gain since April.” Read more

 

Gorillas, a grocery delivery startup in Berlin, has raised $44 million in Series A funding at TechCrunch. Read more

 

Retailers urge shoppers to buy early amid shipping crunch at AP. “The warnings on earlier deadlines are needed, said Moody’s Charlie O’Shea, because if an item arrives late, frustrated shoppers blame the retailer — not the shipping company. And retailers can ill-afford to lose business at a time when many people have already cut back on their spending.” Read more

 

Tipsheet Extra

Amazon driver dumped packages in woods, claimed was tossing feces, cops say

Apple Airpods Max first look: Lots to prove

Here are all the new projects Disney announced at its investor day

More shoplifting troubles for “Bud Light Mike”

US consumers would rather give up alcohol than food delivery

Read Tipsheet Extra Stories

 

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