Dick’s Sporting Goods Q3 comp sales up 23.2% / Ecom +95% Press release

 

…Lauren R. Hobart named President and CEO “Ms. Hobart brings more than 25 years of finance, consumer and retail experience and spent 14 years at PepsiCo in various leadership roles before she joined Dick’s as Chief Marketing Officer in 2011. She was appointed President in 2017…Edward W. Stack, Chairman and CEO, will assume the role of Executive Chairman and continue as Chief Merchant on February 1, 2021.  He also will oversee key strategic growth initiatives for the company.” Press release 

 

Walmart de Mexico says under investigation for antitrust behavior at Reuters. “Walmart’s Mexico unit said on Monday it was notified by Mexico’s federal competition authority that it is being investigated for possible antitrust behavior in the supply and distribution market of wholesale goods and retail of these goods and services.” Read more

 

Dollar Tree Q3 enterprise comp sales +5.1% / Family Dollar +6.4% / Dollar Tree +4.0% Press release

 

Home prices see biggest spike in 6 years in September, according to S&P Case Shiller at CNBC. “The 10-City Composite was up 6.2% year-over-year, up from 4.9% in the previous month. The 20-City Composite posted a 6.6% gain, up from 5.3% in the previous month.” Read more

 

Best Buy Enterprise Q3 comp sales up 23% Press release

 

…Best Buy tops estimates on strong online sales, but shares fall on lack of holiday forecast at CNBC. “Earnings per share: $2.06, adjusted, vs. $1.70 expected…Revenue: $11.85 billion vs. $11.00 billion expected…Same-store sales growth: 23% vs. 13.6% expected…” Read more

 

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Amazon warehouse workers in Alabama file to hold unionization vote at Washington Post via Seattle Times. “While much of Amazon’s warehouse staff in Europe are members of unions, the company has successfully fought off labor at its U.S. facilities. A small group of equipment maintenance and repair technicians at the company’s Middletown, Del., warehouse rejected union representation from the International Association of Machinists and Aerospace Workers in 2014, after a hard-fought battle with the company.” Read more

 

Burlington Stores Q3 comp sales down 11% Press release

 

Tiffany Q3 worldwide comp sales up 3% Press release

 

…Tiffany beats profit estimates on soaring China demand at Reuters. “Tiffany said sales in the Asia-Pacific region rose 30%, while sales in the Americas region declined 16% – much smaller than the 46% drop seen in the preceding quarter.” Read more

 

Petco adopts Droga5 as its new artistic company at Zet Business. Read more

 

The U.S. government’s National Intellectual Property Rights Coordination Center and Amazon launch joint operation to prevent counterfeit goods from entering the U.S. Press release

 

Fortune Best Workplaces in Retail™ 2020: Wegmans #1 / Publix #3 / REI #4 / Sheetz #6 / Target #8 / Burlington #10 Read more

 

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