Lululemon sues Costco, claims company is selling ‘dupes’ of some of its products at AP. "Some of the products Lululemon says Costco is making duplicates of include its popular Scuba hoodies, Define jackets, and ABC pants. Lululemon claims one of the duplicates that Costco sells is the Hi-Tec Men’s Scuba Full Zip, with the lawsuit showing a screenshot image of Costco’s website showing the item priced at $19.97." Read more   CRAMER INTERVIEWS JASSY: Despite tariffs, Andy Jassy says Amazon hasn’t ‘seen prices appreciably go up,’ so far at CNBC. "Jassy said that Amazon has about two million sellers [...]

  Amazon to invest £40 billion in the UK over next three years at CNBC. "The company said it plans to spend the money on building four new fulfillment centers...as well as upgrades and expansions to its existing operations buildings across the country...also plans to open two new buildings at its corporate headquarters in East London." Read more   Amazon plans to expand Same-Day and Next-Day Delivery service to more than 4,000 smaller cities, towns, and rural communities Press release   Truckers fear job loss as new English language rules take effect at AP. "In the past, some drivers used [...]

  Amazon Orders Employees to Relocate to Seattle and Other Hubs at Bloomberg/Financial Post. "Workers are being told to relocate to such cities as Seattle; Arlington, Virginia; and Washington DC...One of the people said the relocation policy will affect thousands of employees on several teams." Read more   Insiders Spill the Secrets Behind a Bezos-Sized ‘Super-Wedding’ at WSJ. "Details about the Bezos-Sánchez wedding have remained largely under wraps. The couple hired the wedding planner Lanza & Baucina, a discreet London-based group that planned George Clooney’s 2014 wedding, and is reportedly tying the knot on a Venetian island. Protests against the [...]

  Retail sales fell 0.9% in May, worse than expected as consumers pulled back at CNBC. "However, excluding a series of items such as auto dealers, building materials suppliers, gas stations and others, sales increased 0.4%...miscellaneous retailers gained 2.9%, while online sales rose 0.9% and furniture stores increased sales by 1.2%." Read more   The Aisle-Prowling Albertsons CEO Taking On Kroger at WSJ. "(Susan) Morris is presiding over a cost-cutting plan that aims to save $1.5 billion over the next three years. The company has laid off about 800 employees and shut nearly a dozen stores this year, and Morris [...]

  Costco May comp sales (ex. fuel & f/x) +6.0% Press release   Amazon is reportedly training humanoid robots to deliver packages at The Verge. "Citing an anonymous source “involved in the effort,” The Information says that Amazon has almost finished constructing an indoor “humanoid park” at one of the retail giant’s San Francisco offices that’s roughly the size of a coffee shop. The obstacle course reportedly contains one Rivian van for training purposes, with Amazon aiming to have humanoid robots “hitch a ride in the back of Amazon’s electric Rivian vans and spring out to deliver packages.” Read more [...]

  Dollar General Q1 comp sales +2.4% "...2.7% increase in average transaction amount and a 0.3% decrease in customer traffic. Same-store sales...included growth in each of the consumables, seasonal, home products, and apparel categories." Press release   Fortune Announces 2025 Fortune 500 List (Walmart #1, Amazon #2) Press release   Walmart CEO started his career unloading trailers at the warehouse—he says raising his hand led to his success at Fortune/Yahoo   Amazon Pharmacy updates include new caregiver feature and Medicare access for PillPack service at GeekWire. "The caregiver feature allows customers to invite trusted, verified individuals who can manage medications [...]

  Best Buy Q1 comp sales down 0.7% Press release   ...Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics at CNBC. "... shoppers bought fewer home theaters, appliances and drones than a year ago. The company said weakness in those categories was partially offset by growth in the computing, mobile phone and tablet categories." Read more   Kohl's Q1 comp sales down 3.9% Press release   Build-A-Bear Q1 net retail sales up 10.9% Press release   Federal court rejects Trump's 'unbounded authority' to impose worldwide tariffs at Fox Business. "The three judges who ruled [...]

  Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad at Reuters/Yahoo. "Chinese e-commerce firm PDD Holdings saw first-quarter net profit fall 47% to 14.74 billion yuan ($2.05 billion) as its domestic platform suffered from intense local competition and its international business was hit by global trade uncertainty." Read more   Stephen Hayes Dacus becomes first foreign CEO of 7-Eleven in Japan at AP."Fluent in Japanese and English, Dacus previously worked at Walmart, Japanese clothing chain Uniqlo and other retailers...It remains unclear whether the company is going to go it alone or decide to collaborate with [...]