Home Depot’s same-store sales surge in final quarter of 2019 at AP. “Sales at stores open at least a year rose 5.2%, which was also better than analysts had expected. Those sales climbed 5.3% in the U.S.” Read more

 

Macy’s shares jump after earnings top estimates, helped by a last-minute holiday sales boost at CNBC. “Same-store sales: down 0.5%, on an owned plus licensed basis, vs. a drop of 0.9% expected.” Read more

 

Tesco completes China exit with $357 million stake sale at Reuters. “Having struggled to crack the Chinese market, Tesco established the Gain Land venture with CRH in 2014, combining the British group’s 131 stores in China with its partner’s almost 3,000.” Read more

 

Amazon opens first full-sized store without cashiers or checkout lines by Kurt Schlosser at GeekWire. “Two years after launching a chain of convenience stores without cashiers or checkout lines, Amazon is opening its first “Amazon Go Grocery” store in Seattle on Tuesday morning…” Read more

 

The Costco Connection is America’s fourth biggest magazine at CNN. “The Connection has a circulation of around 14.3 million copies per edition, up from 12.2 million in 2016…behind two AARP publications and Parade, the publication distributed in Sunday newspapers, according to leading magazine auditing firms.” Read more

 

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Shipt shoppers are the latest gig workers to organize by Megan Rose Dickey at TechCrunch. “We are losing money as shoppers at a ridiculous rate,” a shopper from Kalamazoo tells TechCrunch. “…It is a lot of money. Our best guestimation is, we’re all losing about 30% or more. I did four orders this past weekend and I lost money on every single one.” Read more

 

Target breaks into the top 10 list of US e-commerce retailers by Sarah Perez at TechCrunch. Top 10 list

 

Walmart Takes on CVS and Amazon With Low-Price Clinics by Matthew Boyle at Bloomberg. “It won’t be easy to persuade Americans to entrust their health to a big-box discount retailer…Even (Doug) McMillon, whose father was a dentist, admits he “just can’t imagine being a dentist working at Walmart,” and he’s not alone.” Tiered subs.

 

Rent-A-Center Q4 comp sales +1.6% Press release

 

More than half of Apple retail stores are back open in China after being closed for weeks due to the coronavirus outbreak at Fast Company. Read more

 

Some Costco stores are barring non-members from eating at the food court — but they weren’t really supposed to be eating there in the first place at Business Insider. Read more

 

Tipsheet Extra

Hot Wheels unveils radio-control cars modeled after Tesla’s Cybertruck

Freds restaurant needs help after Barneys’ closure

Buffett isn’t as bullish on Kroger as previously reported

Toy industry weighing impact of coronavirus at New York Toy Fair

Here were last year’s most overpaid CEOs

Read Tipsheet Extra Stories

 

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