Tipsheet: H.Depot Founder has Cancer | ‘Zombie’ Target Back on Track? | Cabela’s New Pres. | Can. Cooling to Rona/Lowe’s?
Home Depot co-founder reveals he has cancer by Maria Saporta at Atlanta Business Chronicle. “Arthur Blank said from all the tests, the doctors believe the cancer is contained and “removing the cancer physically is the best way to treat it.”He expects it will take a couple of weeks to recover from surgery, so it would be equivalent to him taking a vacation. No other additional treatment — radiation or chemotherapy or hormonal therapy — is planned as of now.” Read more
Burberry Accuses J.C. Penney of Ripping Off its Check Pattern by Phil Wahba at Fortune. “Taking a dig at Penney, which caters to more frugal customers, Burberry said in the court filing that “even though defendants’ infringing products are of inferior quality, they appear superficially similar to genuine Burberry products.” It then said Penney had intended to “deceive and mislead consumers into believing that defendants’ or their products are authorized, sponsored by or connected to Burberry.” Read more
Target jet use ranks CEO among highest-flying Fortune 100 executives by Jim Hammerand at Minneapolis/St.Paul Business Journal. “Target reported Cornell’s airtime value at $112,486 of his $28 million in pay for fiscal 2014. His jet perk is worth more than all but 32 Fortune 100 CEOs.” Read more
These Are the Brands Americans Trust the Most by Michal Addady at Fortune. “The annual BrandSpark Most Trusted Awards honors the brands Americans trust most, those they would recommend to friends and neighbors,” president and CEO Robert Levy said in a press release. “This award boosts shoppers’ confidence when making a purchase decision in store aisles.” Read more/See the list | 2016 Most Trusted Award Winners via BrandSpark
Cabela’s appoints president, splitting role from CEO by Paige Yowell at World-Herald. “Cabela’s has appointed Scott K. Williams as president, it announced Tuesday. The appointment splits the roles of president and chief executive. Chief Executive Tommy Millner had held both roles since 2009.” Read more
Rona-Lowe’s deal dominates 1st question period of 2016 at National Assembly at CBC News. “…the government has backed off somewhat from the positive tone it took when the Rona-Lowe’s deal was first announced. In response to a question from Péladeau about possible job losses, Premier Philippe Couillard said that the government shares the PQ’s concern. Couillard said Economy Minister Dominique Anglade was working on getting guarantees from Lowe’s to keep jobs in Quebec.” Read more
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$365,694,500,000: U.S. Merchandise Trade Deficit With China Hit Record in 2015 by Terence P. Jeffrey at CNS News. “The deficit with China increased $22.6 billion to $365.7 billion in 2015,” the BEA said in a press release. “Exports decreased $7.5 billion to $116.2 billion and imports increased $15.1 billion to $481.9 billion.” Read more
Staples wins EU approval for $6.3 billion Office Depot buy at Reuters. “Staples said on Wednesday that it agreed to sell Office Depot’s contract distribution business in Europe and all operations in Sweden. The companies will also divest Office Depot’s retail, online and catalog operations in Europe.” Read more
‘Zombie’ Target project in Hollywood may get new life from L.A. City Council by David Zahniser at LA Times. “Three months ago, Mayor Eric Garcetti’s appointees on the Planning Commission voted to require that Target Corp. provide a 3,895-square-foot child-care facility within a mile of the Hollywood site as part of the project’s approval. In paperwork filed with the city, Target representatives called that demand “excessive, impractical, illegal, erroneous and an abuse of discretion.” Read more
Amazon Building Global Delivery Business to Take On Alibaba by Spencer Soper at Bloomberg. “Amazon’s plan would culminate with the launch of a new venture called “Global Supply Chain by Amazon,” as soon as this year, the documents said. The new business will locate Amazon at the center of a logistics industry that involves not just shippers like FedEx and UPS but also legions of middlemen who handle cargo and paperwork associated with transnational trade.” Read more
Here’s How Gilt Will Be Added To Saks Fifth Avenue’s Discount Retail Stores by Leena Rao at Fortune. “In a new, 47,000 square foot, two-level Saks Off 5TH in midtown Manhattan, Gilt will have a section of the store entirely for its merchandise…” Read more
Tipsheet Extra Stories
Container ship larger than the Empire State Building will visit Seattle waters this month
Adidas offers $1M to any NFL prospect that breaks 40-yard dash record
NASCAR shifts business model to franchise-like system
Amazon: All bets are off in a zombie apocalypse
A Camouflage Clothing Line Wants to Be Lululemon for Hunters
Google patents self-driving delivery trucks to bring packages where drones can’t fly
Amazon personalizes wine-buying experience with phone calls to Japanese customers