Tipsheet: Protest @ Publix | CVS +2.1% | Wgreen Exec Jumps | 7-Eleven = Lifeline
CVS Q2 Comp Sales +2.1% “Pharmacy same store sales rose 3.9% and pharmacy same store prescription volumes rose 3.5% on a 30-day equivalent basis…Front store same store sales decreased 2.5%, including the effect of the shift of Easter…” Press release
…CVS’s Profit Beats Estimates on Pharma Business at Fox Business. “CVS earned $1.32 per share. The company’s net revenue rose 17.6 percent to $43.73 billion, rising by double-digit percentages for the fourth straight quarter. Analysts on average expected profit of $1.30 per share on revenue of $44.28 billion, according to Thomson Reuters I/B/E/S.” Read more
Publix Q2 Comp Sales +1.1% “Our results were impacted by weakening tourism in some market areas and the timing of Easter,” said Publix CEO & President Todd Jones.” Press release
A conversation with Bass Pro founder Johnny Morris by Wes Johnson at Springfield News-Leader. “Q: Do you have a favorite firearm, with a story behind it? It’s up there in the NRA museum (at the Bass Pro Shops store in Springfield). I put it up there. My dad on my 21st birthday gave me his old Browning Sweet 16. My dad, he loved quail hunting. He was a crack shot.” Read the Q&A
Will Sports Authority’s demise change retail consignment deals? at Bloomberg via Denver Post. “Sports Authority took the consignment model further than most. “A substantial portion” of sales were based on consigned goods from 170 vendors, the company said in court documents…” Read more
Former Cub Foods CEO Jack Hooley dies by Mary Divine at Pioneer Press. “For all of his success, he was extremely humble, almost to a fault,” said his son John Hooley. “He was a great business mentor to many, many people in the grocery business.” Read more
PetSmart Does Its Biggest Movie Tie-In Ever for ‘The Secret Life of Pets’ by Samantha Nelson at Path to Purchase. “This collaboration is very significant for us,” (Eran) Cohen said. “It was the first time PetSmart has worked with a film — the studio and filmmakers — so far in advance of the film’s release…” Read more
Harvard Business Review: Retail Execs Underplay Current Performance to Investors–but Why? by Dina Gerdeman. “We thought if the company was continuing to do well, we’d see managers finding ways to convey that—wink, wink,” says (Kenneth) Froot…“That’s when we found this surprising result in direct opposition to what recent reported and unreported numbers said. It’s startling to find that managers are not even neutral; they’re somewhat negative.” Read more
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Walmart CEO Greg Foran Highlights Collaboration at GMA Forum at Progressive Grocer. “Keynoting the first afternoon’s general session was Greg Foran, president and CEO of Walmart U.S…“Now is not the time for Walmart to pull punches,” Foran said, noting that the company would close any underperforming store or format, such as its retreat from more than 100 Express stores…“We need you to innovate,” Foran told CPG companies. “As we invest in change, so should you.” Read more
Medical marijuana advocates plan protest at Publix HQ over Barnett family donation by Gary White at The Ledger. “A Facebook event created last week and called “Protest Publix” had attracted responses of “interested” from 319 people as of Monday morning. The demonstration is scheduled for Saturday from noon to 2 p.m. at the Publix headquarters.” Read more
Procter & Gamble reports revenue that beats analysts’ expectations at CNBC. “While revenue fell 2.8 percent to $16.1 billion from $16.55 billion, it topped Wall Street’s average estimates of $15.83 billion.” Read more
Fitbit Poaches Walgreens Exec “Adam Pellegrini brings more than 20 years of experience across multiple sectors of the healthcare industry including providers, insurers, health technology and non profits. He joins Fitbit from Walgreens Boots Alliance, where he was the Vice President of Digital Health” Press release
Amazon snags huge office in new San Francisco tower by Roland Li at San Francisco Business Times. “Amazon.com Inc.’s Twitch, a top video game streaming site, has signed a lease for 185,000 square feet at a new tower at 350 Bush St. in San Francisco, according to three sources.” Read more
Kroger analytics subsidiary acquires Chicago tech firm by Erin Caproni at Cincinnati Business Courier. Read more
Office Depot appoints Staples veteran to board by Emon Reiser at South Florida Business Journal. “Office Depot Inc. on Monday appointed Kristin Campbell to its board of directors…” Read more
How 7-Elevens Are Becoming Lifelines for Japan’s Elderly by Mimi Kirk at The Atlantic. “The role of convenience stores in caring for the elderly is about to become more official. Japan’s Urban Renaissance Agency, founded by the government after WWII to provide housing to the rapidly-urbanizing population, signed an agreement with 7-Eleven, Lawson, and FamilyMart in early July that enables the stores to open in the agency’s apartment complexes.” Read more
Winn-Dixie Owner makes record Donation to Hope for Warriors “…it will donate $2,022,843.45 in support of veterans and service members.” Press release
Walmart/Costco/Target Urged To Dump Tuna by Casey Williams at Huffington Post. “We’re absolutely looking for leadership from Walmart,” David Pinsky, a Greenpeace campaigner, told The Huffington Post…Tesco, announced last week that it would purge its shelves of some tuna sourced from Thai Union.” Read more
Tipsheet Extra Stories
GMA Honors Publix’s Ed Crenshaw with Lifetime Achievement Award
The Dollar Tree Makeup Challenge
Target Gets Exclusive on Oregon Trail’s Big Comeback
7-11 gives away 1 million bags of chips
Bicycling Amazon manager delivers Kindles to Himalayan school
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