Lowe’s Q4 U.S. comp sales +28.6% Press release

 

…Lowe’s tops earnings estimates as same-store sales jump 28%, warns that some DIY trends could fade at CNBC. “Lowe’s reported fourth-quarter net income of $978 million, or $1.32 per share, up from $509 million, or 66 cents per share, a year earlier.” Read more

 

TJX Companies, Inc. Q4 open-only comp sales -3.0%: Marmaxx (U.S.) -7.0% / HomeGoods (U.S.) +13.0% / TJX Canada -8.0% / TJX Int’l (Europe & Australia) -2.0% Press release

 

BigCommerce customers can now sell on Walmart’s online marketplace at TechCrunch. “The two companies are incentivizing adoption of the deal amongst BigCommerce customers by waiving certain fees for a month for retailers that sign up to sell on Walmart; Clementz described it as the first time that his company had offered a “new-seller discount.” Read more

 

Prices lurch higher as Home Depot, other importers battle surging cargo, commodity costs at Reuters. “As I think about all that’s going on now, I reflect back to the tariffs and… long for (when) that was our biggest issue,” Home Depot President Edward Decker said on a webcast on Tuesday.” Read more

 

Key Amazon exec Jeff Blackburn officially leaving, hinting at new role elsewhere at GeekWire. “Blackburn “has kept me in the loop on his next chapter, and I can assure you it’s a very exciting one!” Bezos wrote in his response, also posted Tuesday to the Amazon intranet. “I predict that Jeff will be every bit as amazing in his new role as he’s been in all his roles at Amazon…” Read more

 

BrandSpark Most Trusted Brands 2021 (Kroger: Loyalty Program / Ecom Grocery Delivery: Walmart / Ecom Home Improvement: Home Depot) Lists

 

**The Sweets & Snacks Expo is a can’t-miss event for thousands of confectionery and snack retailers, manufacturers and suppliers for a reason – here you’ll find all the product innovations, insights and industry connections you need to build a world-class in-store or online experience that will delight your shoppers. Show overview | Most Innovative New Product Awards | Destination Retail: Innovations in Merchandising

 

Biden to order a review of US supply chains for vital goods at USA Today. “The order being signed Wednesday will include sectoral reviews to be completed within one year for defense, public health and biological preparedness, information communications technology, energy, transportation and food production.” Read more

 

Walmart’s Flipkart said on Wednesday it will deploy more than 25,000 electric vehicles in its supply chain by 2030 at TechCrunch. Read more

 

Home Depot is focused on eco-friendly cordless power tools for spring at MarketWatch. “As our customers continue to spend more time at home, they’re telling us that project lists are growing,” Decker said on the call. “After completing the project, we see many of our DIY customers take on additional and oftentimes more complex projects with a renewed sense of confidence.” Read more

 

Home Depot, Inc. Q4 Earnings Call Transcript at Seeking Alpha. Transcript

 

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