Tipsheet: Dick’s -2% | B.Buy Return Headache | HD Supply +9%
Dick’s Q4 Comp Sales -2.0% (vs. -1.0% expected) Press release
…Dick’s Sporting Goods shares tumble on revenue miss at CNBC. “Revenue was $2.66 billion, below analysts’ expectations for $2.74 billion in sales.” Read more
How Your Returns Are Used Against You at Best Buy, Other Retailers by Khadeeja Safdar at Wall Street Journal. “Every time shoppers returns purchases to Best Buy, they are tracked by a company which has the power to override the store’s touted policy and refuse to refund their money.That is because (Best Buy) is one of several chains that have hired a service called The Retail Equation to score customers’ shopping behavior and impose limits on the amount of merchandise they can return.” Read more (Subs.)
Harris Poll Reputation Quotient (Amazon #1, Wegmans #2, HEB #6, Publix #8, Aldi #10) at Reuters. Read more/Top 10 list
HD Supply Q4 Net Sales +9.0% Press release
How Amazon Is Planning to Take Over the Office Supplies Market at Fortune via Bloomberg. “The e-commerce giant has been in talks with banks including JPMorgan Chase on a co-branded credit card for small-business owners who shop on its website, said the people, who asked not to be named discussing private negotiations.” Read more
Ikea rolls out nationwide assembly services with TaskRabbit at CNBC. Read more
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DSW Q4 Comp Sales +1.3% Press release
Kroger grows home delivery to 45 cities with Instacart deal by Alexander Coolidge at Cincinnati Enquirer. Read more
Stitch Fix made a big addition to its business by Jason Del Rey at Recode. “The new Extras feature, however, allows customers to choose from an assortment of undergarments like bras and underwear to add to each box of five items their stylist has chosen for them.” Read more
…Stitch Fix quarterly revenue was $295.9 million, 24% above last year and better than the $291.24 million Wall Street was predicting at TechCrunch. Read more
Home Depot Ducks 4×4 Wood Board Labeling Class Action by RJ Vogt at Law 360. “An Illinois federal judge on Monday shot down a proposed class action against hardware chain Home Depot over claims it shorted customers who bought lumber, finding that the use of “4×4” on labels was literally true because it didn’t include inch-mark symbols after each number.” Read more (Subs.)
Anne Dament, Supervalu’s head of retail, talks Cub Foods, Twin Cities grocery and ‘Arby’s Island’ by Dan DeBaun at Minneapolis/St.Paul Business Journal. Subscription required
Ross Stores To Open 100 New Locations In 2018 Press release
CVS, Aetna shareholders will vote on deal Tuesday at CNBC. Read more
‘Game of Thrones’ Spin-Offs Will Be Big-Budget Out of the Gate, HBO Bosses Say by Scott Roxborough at Hollywood Reporter. “HBO last year announced that it had teamed with Max Borenstein (Kong: Skull Island), Jane Goldman (Kick-Ass), Brian Helgeland (Legend) and Carly Wray (The Leftovers) to develop separate spin-off series based on the fantasy world created by writer George R.R. Martin.” Read more
Tipsheet Extra Stories
Bass Pro offers former Cabela’s headquarters for $1 per year
Amazon Is On Track to Be a $1 Trillion Company by 2022, Jefferies Says
Bra bandits pepper spray employee – steal $11K of Victoria’s Secret lingerie
44.5% of Amazon customers would use an “Amazon Bank”
Spain’s Amazon workers call two-day strike over wages, rights
PepsiCo pulls Grant Hill Mountain Dew ad after uproar
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