Eye-on-Retail Tipsheet 4/15/13: Sam’s CEO on CBS; New Lowe’s DC in GA
“Wal-Mart offering classes – for college credit” by Christopher Connell at CNN Money. “Arianna Suarez’s first job after emigrating from Cuba as a teenager was as a cashier at a Walmart in Hialeah, Fla. Thanks in part to college-level classes that Walmart offers online, she has risen through the ranks to store manager and is now on her way toward earning a college degree. From ethics to inventory management, the classes covered the skills Suarez needs to help run a round-the-clock, multi-million dollar retail operation with scores of employees. Even better, she has earned dozens of credits that she can put toward a bachelor’s degree.” Read more: https://money.cnn.com/2013/04/15/pf/college/corporate-classes/
“Costco and Tesco reluctantly bowing to South Korea demands” at Reuters. “Tesco finally managed to open a near-3,000 sq meter super store in South Korea, its largest market outside Britain, after a seven-month delay by agreeing not to stock 15 items including radishes, mangoes and some cuts of local beef. Big-box retailers in South Korea such as Tesco and Costco Wholesale Corp are reluctantly bowing to government demands aimed at protecting local merchants — including plans to fine the super stores if they set up without the consent of nearby local merchants.” Read more: https://www.reuters.com/article/2013/04/14/us-korea-tesco-idUSBRE93D0C320130414
“Lowe’s opens with tour of distribution center” by Doug Walker at Rome News Tribune (Pictures and Text). “The 1.5 million-square-foot center at Ga. 140 and Ga. 53 encompasses the equivalent of 31 football fields under one roof and cost approximately $125 million.” Read more: https://romenews-tribune.com/view/full_story/22230518/article-Lowe%E2%80%99s-opens-with-tour-of-distribution-center–?instance=home_news_lead_story
“Food startup gets shelf space at Meijer and Kroger” by Pete Daly at GRBJ. “The mission of Simply Eight, said Pang, is to challenge the norm. “I said to myself, why can’t I start a company to challenge that industry? For every food that you guys make, we’ll look it up” and try to find a way to make it simpler. The ingredients in Simply Eight foods are based on those that people typically have in their kitchens — the way food was made 50 years ago, he said.” Read more: https://www.grbj.com/articles/76592-food-startup-gets-shelf-space-at-meijer-and-kroger
“Google agrees to change search results” by Claire Cain Miller at NY Times via CNBC. “Google has for the first time agreed to legally binding changes to its search results after an antitrust investigation by European regulators into whether it abuses its dominance of online search…Google will not have to change the algorithm that produces its search results, the people said. Under the proposal, Google agrees to clearly label search results from its own properties, like Google Plus Local or Google News, and in some cases to show links from rival search engines.” Read more: https://www.cnbc.com/id/100640630
“HD Supply, Inc. Announces Fiscal 2012 Fourth-Quarter and Full-Year Results” “HD Supply, Inc. today reported net sales for the fourth quarter of fiscal 2012 of $2.0 billion, an increase of $342 million, or 20.7 percent, as compared to the fourth quarter of fiscal 2011.” Read more: https://www.businesswire.com/news/home/20130412005378/en/HD-Supply-Announces-Fiscal-2012-Fourth-Quarter-Full-Year
“‘Chinese Google’ Opens Artificial-Intelligence Lab in Silicon Valley” by Daniella Hernandez at Wired. “In late January, word arrived that the Chinese search giant was setting up a research lab dedicated to “deep learning” — an emerging computer science field that seeks to mimic the human brain with hardware and software — and as it turns out, this lab includes an operation here in Silicon Valley, not far from Apple headquarters, in addition to a facility back in China. The company just hired its first researcher in Cupertino, with plans to bring in several more by the end of the year.” Read more: https://www.wired.com/wiredenterprise/2013/04/baidu-research-lab/
“Four labels vying to create Target line” at AP. “Four Toronto-based womenswear labels are in the running to create a line for Target stores north of the border. The Toronto Fashion Incubator has announced the four finalists for the TFI New Labels fashion design competition. This year, TFI has partnered with Target for the annual contest, a showcase for a select group of up-and-coming Canadian designers.” Read more: https://thechronicleherald.ca/artslife/1123102-four-labels-vying-to-create-target-line
“Sam’s Club CEO Rosalind Brewer speaks to CBS This Morning” “Sam’s Club CEO on allure of bulk buying” See video at: https://www.youtube.com/watch?v=Zg5o-iDbEpk
“Google Fiber — We’re not (just) in Kansas anymore” at The Economist. “But sweeping aside America’s leading broadband and cable-TV suppliers is probably not what Google has in mind. More likely, it wants to spur them into speeding up their own services. The goad is working: on the same day as Google said it was coming to Austin, AT&T declared that it too planned to bring gigabit-per-second broadband to the city. “Users who have faster connections do more,” said Kevin Lo, general manager of Google Fiber, who also welcomed AT&T’s announcement. The more they do online, using Google’s search engine, watching videos on YouTube and so forth, the better for Google.” Read more: https://www.economist.com/news/business/21576103-search-giant-chooses-second-city-its-fast-broadband-service-were-not-just-kansas
Thanks for reading…
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