• Macy’s reported a surprise fiscal first-quarter profit, as shoppers returned to stores to refresh their wardrobes
• The retailer raised its full-year outlook, citing the momentum it’s seeing in its shops and online for the heightened optimism
• CEO Jeff Gennette said the retailer is seeing strength in items for the home, fine jewelry and watches, fragrance and luxury

• Walmart’s first-quarter earnings beat Wall Street’s expectations, as its sales got a lift from strong grocery and e-commerce sales
• The big-box retailer raised its guidance for the fiscal year
• The company said more shoppers have headed to its stores and website to get ready to socialize again as Covid cases decline and vaccination rates rise

Home Depot crushes estimates, its sales jump 32.7% as customers rang up bigger purchases

• Home Depot handily beat Wall Street’s estimates for its fiscal first-quarter earnings and revenue
• The retailer has gotten a boost to sales over the last year during the coronavirus pandemic
• Home Depot didn’t release an outlook for fiscal 2021

• Italian supercar maker Lamborghini has announced that it will launch a fully-electric car in the second half of the decade
• Lamborghini laid out “a roadmap to the decarbonization of future Lamborghini models and of the Sant’Agata Bolognese site,” its factory headquarters
• The next 10 years sees the company transition to hybrid models before it launches a fully-electric car

• President Joe Biden is scheduled to tour Ford’s new Rouge Electric Vehicle Center in Dearborn, Michigan, where the electric F-150 Lightning pickup will be produced
• Biden is expected to tout his American EV agenda and $2 trillion infrastructure package that includes $174 billion to spur the development and adoption of electric vehicles
• The F-150 Lightning could be the poster child for such plans

• With more than 1.9 billion drinks served every day, Coca-Cola is one of the world’s largest beverage companies
• With U.S. soda consumption on the decline, the soft drink maker has been forced to pivot
• Coke recently launched Topo Chico Hard Seltzer, marking its first move into alcoholic beverages on its home turf after a four-decade long hiatus
• The company has also recently invested in the sports performance drink category with BodyArmor and it purchased U.K. coffee maker Costa in 2019

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