Kroger and Walgreens want to buy products together to cut supplier costs at CNBC. “Kroger and Walgreens hope more retailers will join their alliance. “If another organization thinks they have significant buying in these areas, they could partner with Kroger and Walgreens to save and reduce waste,” Millerchip said.” Read more

 

Home Depot forecasts 2020 sales growth below expectations at Reuters. “The company, ahead of its analyst day on Wednesday, said it expects fiscal 2020 sales growth of about 3.5% to 4%. Analyst on average had expected sales growth of 4.3%, according to IBES data from Refinitiv.” Read more

 

Stitch Fix CEO talks up future for online fashion company as shares soar on strong quarterly results at CNBC. “Revenue grew 21% year over year to $445 million, above the $441 million that had been expected. Stitch Fix’s active clients matched analyst estimates at 3.4 million, a 17% increase from a year earlier.” Video/Read more

 

Pete Buttigieg’s McKinsey clients included Best Buy and Loblaws at CNN. “Buttigieg later disclosed that he had two clients in 2008…The first was Loblaws…the mayor worked for six months on analyzing “the effects of price cuts on various combinations of items across their hundreds of stores.” The second was Best Buy, where the mayor said he spent three months working on a “project to investigate opportunities for selling more energy-efficient home products in their stores.” Read more

 

American Eagle Q3 comp sales +5.0% Press release

 

Walmart and Nuro test autonomous grocery delivery in Houston by Kim Souza at Talk Business. “Walmart said the service will be available in the coming months for a select group of Houston customers who opt into the test program. The service plans to expand to the general public later in 2020.” Read more

 

GameStop Q3 comp sales -23.2% Press release

 

Walmart will continue accepting paper prescriptions in 2021, but for how long? at USA Today. “Starting Jan. 1, 2020, six more states will require electronic, or e-prescriptions for controlled substances, which include opioid painkillers and antidepressants. A year later, Medicare Part D will require controlled substances prescriptions be submitted electronically. But at Walmart, paper prescriptions for controlled substances aren’t being tossed out completely in the new year like initially planned.” Read more

 

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Ingles Markets Q4 comp sales +3.7% Press release

 

Flaws in Smartwatches on Amazon May Let Strangers Track Kids at Bloomberg. “Security researchers discovered vulnerabilities in cheap smartwatches for children that make it possible for strangers to override parental controls and track kids.” Tiered subs.

 

United Natural Foods Q1 net sales increased to $6.0 billion, including an incremental $3.1 billion from Supervalu Press release

 

How Rare Luggage Replaced Sneakers as the Latest It-Accessory at Wall Street Journal. “For me, luxury luggage is part of the outfit, it’s like a handbag,” said Gary Wong, 33, an architectural lighting designer in New York City who fits the mold of a hype-conscious frequent flier.” WSJ subs.

 

Suspects targeted kosher supermarket in Jersey City shooting rampage, mayor says at USA Today. Read more

 

U.S. short-seller makes Canadian Tire its latest target at Financial Post. “As short sellers, we look for companies with challenged business models and bad balance sheets,” Spruce Point founder Ben Axler said. “In the case of Canadian Tire, the debt has been rising, and in fact, there doesn’t seem to be a complete understanding of how much debt the company has.” Read more

 

Amazon’s Deliveroo deal in doubt after UK regulator raises serious concerns at Reuters. Read more

 

COSTCO CLIMBER – ‘Mission: Impossible’- like thief swipes fine jewelry from Costco store at Livingston Ledger. “The burglar climbed an outside drainage pipe to get access to the store’s roof, and then pried open a skylight, police said. The thief then used a rope to rappel about 40 feet to the sales floor. From there, he made his way to the fine jewelry department…“The burglar is believed to be familiar with climbing sports,” police said in a news release.” Read more

 

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Amazon and Apple will be our doctors in the future

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