Tipsheet: Retailer ‘Toxic’ Rankings | Lowe’s +5.7% | D.Tree +3.2%
Lowe’s Q3 Comp Sales +5.7% (vs. 4.6% expected) “Hurricane-related sales in the quarter were approximately $200 million. For the nine-month period…comparable sales increased 4.0 percent.” Press release
…CNBC: Lowe’s sales top Street expectations, boosted by hurricane-related purchases Read more
…Lowe’s also announced that Chief Operating Officer Rick Damron will retire and be replaced by the president of the company’s international business, Richard Maltsbarger, effective Feb. 3. Read more
Dollar Tree Enterprise Q3 Comp Sales +3.2%: Dollar Tree +5.0%, Family Dollar +1.5% Press release
Burlington Q3 Comp Sales +3.1% Press release
Amazon Web Services Announces Secret Cloud Region for CIA by Frank Konkel at Nextgov. “The AWS Secret Region will allow the 17 intelligence agencies to host, analyze and run applications on government data classified at the secret level through the company’s $600 million C2S contract.” Read more
What millennial staffers taught Neiman Marcus in a much-needed beauty makeover by Maria Halkias at Dallas News. “Beauty buyers and planners tested 300 brands and edited them down to 45 companies…Neiman Marcus…usually added one or two beauty lines a season, said Kelly St. John, the vice president of beauty who led the project. Twenty beauty coordinators, assistant buyers, and planners were told to think out of the box, she said.” Read more
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Home Depot’s Ann-Marie Campbell Never Stops Learning by Alisa Gumbs at Black Enterprise. “I spend time benchmarking other companies; like I’ll go and meet with the CEO of Publix or operations leaders at T.J. Maxx. I spend time in other businesses as well, so I can get a sense of what’s going on there.” Read more
DSW Q3 Comp Sales -0.4% Press release
Amazon is selling sketchy health products and it may be illegal by Emma Court at MarketWatch via NY Post. “Honestly, if Amazon wants to get into this business they should clean up their own house first,” said Nicodemo Fiorentino, a pharmaceutical and medical device regulatory expert, adding that consumers “do not understand the complexities of drugs and devices” and could be misled by offerings.” Read more
How Retailers Rank on Toxic Chemicals (Walmart A-, Target B+, Costco C-, Lowe’s D-) at Mind the Store. Rankings
Sporting Goods Wholesaler Maurice Hits Ch. 11 – brought down by new DC by Ryan Boysen at Law 360. “Chief Restructuring Officer Patrick J. O’Malley says the debtor, one of North America’s largest sporting goods distributors, was brought down by a new, state-of-the-art distribution center that went over budget and decreased sales due to the recent bankruptcies of other sports retailers.” Read more (subs.)
Macy’s Plan to Survive the Retail Apocalypse by Susan Berfield & Lindsey Rupp at Bloomberg. Read more
How Amazon Can Make or Break Holiday Retail by Laura Stevens at Wall Street Journal. “With a small product lineup, “it is tough for us to create visibility for our products in stores like Target and Best Buy,” says Vikas Gupta, co-founder and chief executive at Wonder Workshop, a 5 year-old startup based in San Mateo, Calif. The only way to do that would be to invest more in displays, and that is “very hard for a small company.” Read more (subs.)
Tipsheet Extra Stories
Shoplifter fleeing Target dies in fiery crash during police chase, cops say
Amazon reps reportedly spotted touring Chicago’s former Finkl Steel site
Curious George Store avoids the axe in Harvard Square
Duluth Trading Company becomes official outfitter to U.S. Olympic luge team
Titleist CEO Blasts Push for Reduced-Distance Golf Ball (WSJ subs.)
Amazon Strikes International Output Deal With AMC Studios
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