Home Depot CEO Craig Menear Appears on CNBC by Krystina Gustafson at CNBC. “Tough winter weather and issues at West Coast ports pressured the home improvement retailer’s business in recent months, Menear said. He believes Home Depot will sustain its momentum through low oil prices and a looming Federal Reserve interest rate hike. “We’re not overly concerned about it,” Menear said of a rate increase.”See the video / Read more
Target circles back, lays off 40 in HR by Tom Webb at Twin Cities/Pioneer Press. “Thursday’s 40 layoffs at its Minneapolis headquarters are included among the 1,700 jobs cuts announced last week, said Target spokeswoman Molly Snyder. Target “delayed making a small group of position eliminations” until Thursday, she said.”Read more
Amazon Gets Drone Permission from FAA by Alex Fitzpatrick at Time via Fortune. “The Federal Aviation Administration gave Amazon’s drones what’s called an experimental airworthiness certificate, which lets the company fly its aircraft for research, testing and crew training purposes…However, the FAA is not yet allowing Amazon to conduct commercial drone flights.”Read more
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Signage Being Added To Bass Pro Shops Pyramid in Memphis at WHBQ Fox 13. “The signage is so big in fact; they are having to install it in sections.”See the video / Read more
Target’s breach settlement: “The odds of anyone getting $10,000 is virtually zero” by Kavita Kumar at Star-Tribune. “Legal experts said it’s unlikely many customers will be able to show a lot of documented proof of significant damages.“The odds of anyone getting $10,000 is virtually zero,” said Eric Goldman, a law professor at Santa Clara University in California.”Read more
Sears Rebuts ‘Pay Early’ Critics by Krystina Gustafson at CNBC. “Why would that be a bad thing if we can afford to do so and we get a discount or other benefit from doing it?” (Sears CFO Rob) Schriesheim wrote on the company’s blog.”Read more
…compares it to a family that would prefer to pay off its credit cards early if it was able and there was a benefit to doing so. at Chicago Tribune.Read more
Sprouts set to open 200th store by Tim Gallen at Phoenix Business Journal. “The 27,500-square-foot store is the 17th Sprouts location in the Dallas-Fort Worth area.”Read more
St. Louis: Brick-and-Mortar Furniture Shop Strikes Ecommerce Gold by Gwen Moran at Entrepreneur. “Goedeker’s has transformed itself into a fleet-footed e-tail powerhouse with a national customer base. Goedeker says the site features more than 200,000 products and brings in 92 percent of the company’s revenue. Meanwhile, the staff has grown from the 15 people the store employed seven years ago to more than 90.”Read more
Michaels Q4 Comp Sales +1.4% by Maria Halkias at Dallas Morning News. “Port delays are hurting current quarter results, too, chief executive Chuck Rubin said during a call with analysts…adding that any store walk-through will reveal empty pegs where product is slotted to go.”Read more
‘Exclusively for white people’ stickers put on Austin stores at SF Gate. “Mayor Steve Adler said the stickers discovered Wednesday morning were “an appalling and offensive display of ignorance in our city.” The stickers also say “Maximum of 5 colored customers / colored BOH staff accepted,” apparently referring to the “back of house” operations at a restaurant.”Read more
Tostitos Is Giving Free Dip to People Named Chip by E.J. Schultz at Ad Age. “To plug the promotion, Tostitos created a video that includes Erik Estrada, who of course starred in the 1970s/1980s TV show “CHiPs”.”Read more
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