Here’s what the RetailWit crew is reading about today:
Kroger and Bed Bath & Beyond partner in product offering.
The partnership will bring BBB Baby & Home products to Kroger.com and select stores. The omnichannel pilot is Kroger’s further expansion outside of just grocery products. “Anything, anytime, anywhere,” says Rodney. BBB shares went up +80% after the announcement.
Ulta Beauty makes same-day delivery deal with DoorDash.
You’ve got to give it to folks over at DoorDash – they are working hard to hit profit. Deal after deal and solution after solution have hit the newswire recently, and the latest is with Ulta. The 6 market rollout will offer beauty on demand. Consider me a buyer if I can get Dapper Dan delivered to my doorstep.
HelloFresh posts strong Q3 results.
Group revenue +45% (1.41B Euros; constant currency), US revenue +51%, +41.6% YOY order rates (27.6MM), and increased revenue growth outlook (57%-62% from 45%-55%). Adjusted EBITDA has not changed. A really strong performance, especially as consumers are leaving their homes more often than during the pandemic. It appears, at least so far, some habits have stuck.
Publix posts Q3 results, too.
Total sales increased +7.8%. ID Store Sales increased +6.3%, net earnings decreased -6.6% YOY. Previous net earnings of Q3 2021 had increased 33.2%. Decent results coming from Publix. Numbers have started to normalize from the highs over the past few years, and so it’s worth understanding them within context (ie. stacked basis).
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