Have that in a 224-pack?... Costco unloaded better-than-expected earnings last week, fueled by "run-on-the-wholesalers" coronavirus stockpile shoppers — It's already struggling to meet demand for bleach, bottled water, and 24-packs of Clorox wipes. Viral virus shoppers boosted sales 3% — and that's after its online sales jumped 28% over the holidays.
Filling the Victoria's Secret void... American Eagle can thank its teen-centric loungewear brand, Aerie, for quarterly growth. Sales of AE's namesake brand were actually down 3%, but Aerie's surged 26% (bumping overall growth). Instead of extra-padded bras and airbrushed models, Aerie offers comfy bralettes and inclusivity campaigns. The same taste shift that hurt Victoria's drove Aerie's 21st-consecutive snuggly quarter of double-digit sales growth.