Tipsheet: Sports Auth. CMO to Gander | JCP +2.2% | Barney’s Merchant Iview | Amazon Exec to U.Armour | Wmart Kitchen – What’s Next
JCPenney Q2 Comp Sales +2.2% “Marvin R. Ellison: “We exceeded our profitability expectations, achieving an $85 million or 59% increase in EBITDA to $229 million for the quarter.” Press release
The Street: JCPenney Is Crushing Every Other Department Store Known to Man by Brian Sozzi. “JCPenney executives will likely enter a summer weekend all smiles…” Read more
CNBC: JCPenney reports a smaller-than-expected loss but revenues fall just shy of expectations Read more
Amazon Exec Jumps to Under Armour by Ryan Sharrow at Baltimore Business Journal. “Under Armour has named Andy Donkin, head of worldwide mass and brand marketing at Amazon, as chief marketing officer.” Read more
Gander Mountain hires former Sports Authority chief marketing officer by Nick Halter at Minneapolis/St.Paul Business Journal. “Ron Stoupa is joining the outdoor retailer as senior vice president of marketing and e-commerce..Stoupa was also chief marketing officer for Pep Boys and director of marketing for Bass Pro Shops.” Read more
Walmart’s Food Lab – What’s Next by Anne D’Innocenzio at AP via Ledger-Enquirer. “Wal-Mart is testing frozen stuffed doughnut bites as well as new flavors for its Clear American Ice store brand sparkling water and Paleo meals that are vacuum-packed. The Clear American Ice pineapple-orange flavor arrives in stores in September. The Paleo meals and the doughnut bites will be in the stores in October.” Read more
**A message from 2016 Sweets & Snacks Expo – The Most Innovative New Products winners have been announced! Winners were awarded in nine categories: chocolate, non-chocolate, sweet, salty, savory, novelty, seasonal, gourmet/premium and gum/mints. See the winners here The 2017 Sweets & Snacks Expo is nearly 90% sold out and will take place May 23-25 at Chicago’s McCormick Place – Notify me when registration opens
Designers Toast Saks Fifth Avenue Terrace Opening by Kristen Tauer at WWD. “The retailer just opened its terrace at the flagship location on 5th Avenue to the public, a seasonal extension of the retailer’s Café SFA. On a muggy Wednesday night, Saks’ Marc Metrick, Tracy Margolies, and Roopal Patel welcomed a slew of designers — Keren Craig, Brandon Maxwell, Prabal Gurung, Adam Lippes — to show off the new space.” See the 11 terrace pics / Read more
Macy’s CEO: Jet.com is Wal-Mart’s way to stand out from the crowd by Krystina Gustafson at CNBC. “Lundgren likened Wal-Mart’s strategy to his company’s push for exclusive merchandise that shoppers can’t find elsewhere. It snags these one-offs by leaning on its scale and partnerships with vendors, Lundgren said.” Read more / See the video
Being Barneys: The Man Who Decides What You’ll Wear Next Year by Rachel Felder at The Daily Beast. “A fashion director for Barneys for almost four decades, Tom Kalendarian talks about what he thinks men will be buying this fall, from slouchy sportswear to sleek suits.” Read more
Hudson’s Bay Q2 Comp Sales +1.9% Press release
Target Interns Inspire Back-to-College Product Designs at A Bullseye View. “At the end of the day, this talented group of interns created more than 200 prints, patterns and designs—and their work showed up as motifs, mood boards and other resources our PD&D team used to create our newest back-to-college collections of bedding, wall art, tapestries, shower curtains and more.” See the examples / Read more
Dillard’s Q2 Comp Sales -5.0% Press release
Nordstrom Q2 Comp: Full-Line/Dotcom – 2.3% / Rack +5.3% Press release
Nordstrom’s Stock Spikes As Retailer Boosts Outlook at Fox Business. “Shares, which in June set a nearly six-year low, surged 11% to $52.91 in after-hours trading.” Read more
CVS Pharmacy Launches End-to-End Mobile Payment Experience “CVS Pay is currently available in select markets, including New York, New Jersey, Pennsylvania and Delaware and a nationwide rollout is expected to kick off later this year.” Press release
Nearly 44,000 retail workers have been laid off in 2016 by Paul R. La Monica at CNN Money. Read more
Tipsheet Extra Stories
Artfully Inspired: Local Masterpieces You’ll Only See In Target Stores
AdBlock Plus Already Has a Workaround for Facebook’s Restrictions
Aritzia’s roomy ‘gathering places’ thrive in a tough Canadian retail space
Hasbro CEO joins Gap Board
Walton Foundation, Walmart to support to new secondary school in downtown Bentonville
QUICK-SUBSCRIBE to Eye on Retail Tipsheet here