Home Depot Q2 Comp Sales +8.0% Press release

 

…CNBC: Home Depot crushes Wall Street expectations, raises full-year outlook 

Earnings per share: $3.05 vs. $2.84 expected
Revenue: $30.46 billion vs. $30.03 billion expected
Same-store sales: up 8 percent globally vs. an increase of 6.6 percent expected

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Has Bezos become more powerful in D.C. than Trump? by May Jeong at Vanity Fair. “If you think the JEDI contract is big, consider this: Last year, working for Bezos, Rung helped pass the so-called Amazon amendment, a provision buried in a defense authorization bill that will establish Amazon as the go-to portal for every online purchase the government makes—some $53 billion every year.” Read more

 

Tapestry tops estimates, boosted by strong Kate Spade performance at CNBC. “Same-store sales for (Kate Spade) were down 3 percent, less than a drop of 7.1 percent expected. Kate Spade, the founder of the brand, died by suicide in June at her New York apartment, stoking nostalgia for the brand.” Read more

 

Kroger suspends egg supplier that tortured hens by Steve Watkins at Cincinnati Business Courier. “PETA, found the farm was torturing and brutally killing unwanted hens. PETA posted a video on its website and on social media showing Mahard workers beating hens’ heads against metal boxes and keeping them in sheds where temperatures reached 106 degrees.” Read more

 

Walmart expected to report 12.9% growth in second quarter earnings by Kim Souza at Talk Business. Read more

 

HuffPo: Big Retailers Don’t Want You To Know How Much Their Stores Earn From Food Stamps by Arthur Delaney. “Last week, Justice Neil Gorsuch temporarily stayed a lower court’s order requiring the government to cough up the data. Now grocers have a chance to try to convince the Supreme Court to take the case.” Read more

 

HEB names shelf space winners by Will Anderson at Austin Business Journal. “The married entrepreneurs founded Mmmpanadas in 2008 with a single food truck that they bought on eBay for $20,000.” Other winners

 

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Synchrony and Lowe’s Extend Strategic Partnership with Multi-Year Agreement Press release

 

Ontario is abandoning the previous Liberal plan for a government-owned monopoly on legalized marijuana sales at Financial Post. “Under the new approach, (Ontario) will still start selling cannabis online on the legalization date of Oct. 17…Ontario will also have a “tightly regulated private retail model” for marijuana that is scheduled to be in place by April 1.” Read more

 

Walmart tried to make sustainability affordable. Here’s what happened by Andrew Spicer & David Graham Hyatt at The Conversation via CNBC. “We spent five years studying the program – speaking with Walmart’s sustainability leaders, its suppliers and others who have a stake in the company’s activities such as environmental groups and farmers..” Read more

 

Bark sells its dog toys on Urban Outfitters’ online marketplace by April Berthene at Internet Retailer. “In September, Bark will launch a line of “fun and seasonal toys,” specifically for Urban Outfitters.” Read more

 

More Executive Appointments Announced in Marathon & Andeavor Merger at Convenience Store News. “Anthony Kenney will continue to serve as president of Speedway…Post-merger, Matthew L. Yoder, currently Andeavor vice president of retail, will report to Kenney as Speedway’s senior vice president and chief commercial officer.” Read more

 

Staples manager fired after accusing woman pregnant with twins of shoplifting via AJC. “Bates said she planned to contact Staples’ corporate office and possibly seek legal action. “You pretty much jumped the gun without any type of evidence, except my stomach is large,” Bates said. “That’s not fair. No mom should have to go through that.” Video/Read more

 

Decomposing body found inside entrance column of a WinCo store by KABC 7. “LASD Lt. John Corina said the manager of the store smelled a strong odor from the column in front of the business. He assumed it was a sewage leak and called out a plumber to check it out.” Video/Read more

 

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