Hey Snackers,
You'd think Thanksgiving demand would boost turkey prices. Nope. It doesn't — the opposite happens: Breeders whip up their turkey supplies to line up with your big dinner demand.
Stocks inched up Tuesday on shockingly positive earnings from Best Buy and Dick's. Your Snacks team will (slowly) waddle back into your inbox Friday morning after tomorrow's holiday.
We're thankful for you for reading us every day. And for listening to our Snacks Daily podcast, just awarded the Best Business Podcast for 2019 by Discover Pods. Enjoy your feast.
Dick's is crushing it?... That's the shocking takeaway after Dick's Sporting Goods' sales jumped 6% last quarter. Looks like the CEO's actions following the 2018 school shooting in Parkland, Florida, boosted support for the big box chain.
Biking shorts, a soccer ball, and a rifle... Casual browsers of Dick's stores could be surprised to find guns and ammo in aisle 6. At first, removing guns wasn't a clear winner or loser for Dick's bottom line:
Dick's Sporting Goods is growing?... Just like that, this earnings report helped re-write Dick's narrative for investors. Like Target, Dick's stock has totally outperformed the rest of the stock market, rising 50% so far this year. Despite online shopping and subscription boxes, Dick's is hanging around, and you're going in for sweat-wicking gear.
2 people. 7:30pm. The table staring at the chef... That kind of service used to require a fancy AmEx concierge. But in 2020, AmEx will launch reservation-booking in its app across 10K restaurants for Platinum and Centurion members. Sound like Resy? It is. AmEx bought the trendy-ish reservation app in May. Resy's app still exists separately, but its tech will also power this initiative.
Keep your butt comfortably seated in AmEx's app... Keeping your loyalty is what drove all of this. Dining is the top request of AmEx concierges, and daily AmEx app usage jumped 35% from last year. So AmEx wants its app to be more of a pampered destination — and its other Resy-like acquisitions lately help that:
We're looking for the right case study here... and we think it's Match. The dating app technically competes with other dating apps. But Match Group owns just about all of them — 45 other dating apps, from Tinder and Hinge to OurTime and Plenty Of Fish. Whether you book a dinner res in AmEx's app or on Resy, you're still swimming in AmEx's ecosystem.
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