Tipsheet: WM Shooter Kills 3 | Costco Pulls Fireworks | Roz 44th Most Powerful
Three people are ‘randomly’ shot dead inside a Denver Walmart at Daily Mail. “Avila said that the three victims were all in the same area near the front of the store at the time of the shooting. The gunman did not say anything during the shooting and walked back out and fled the scene in a red, four-door Mitsubishi Mirage.” Pic of suspect/Read more
…“The employees started screaming and the customers started screaming” as people began to flee the store, he recounted. “I ran out, too, because I didn’t want to get shot.” Reuters
Costco October Comp (ex. gas & f/x) + 5.6% (US +5.9%, Canada +2.8%) “Costco reported net sales of $10.02 billion for the month of October, the four weeks ended October 29, 2017, an increase of 10.1 percent from $9.11 billion during the similar period last year.” Press release
Publix gets Irma bump – Q3 comp sales +4.3% “Publix’s sales for the third quarter of 2017 were $8.5 billion, a 6.2 percent increase from last year’s $8 billion…estimates sales increased 3.1 percent due to the impact of Hurricane Irma for the third quarter of 2017.” Press release
Rosalind Brewer is the 44th most powerful woman in the world: Forbes Top 100 list
Wayfair Q3 Total Net Revenue +39.1% “In the third quarter of 2017, 45.4% of total orders delivered for our Direct Retail business were placed via a mobile device, compared to 40.3% in the third quarter of 2016.” Press release
Amazon Consolidates Its $1 Billion-Plus Global Media Buying Business With IPG Mediabrands by Patrick Coffee at Adweek. “An internal memo went out to staff this afternoon. The winning team will promote Amazon’s ecommerce hub, assorted tech products and Prime subscription service around the world. The review’s final round saw a Publicis Media conglomerate face off against a “holistic solution” group consisting of teams drawn from multiple IPG agencies including Initiative.” Read more
Costco removes fireworks from website after investigation at CTV News Vancouver. “Those looking to buy fireworks in Vancouver must be at least 19 and have a permit, which can be acquired online through the city, but Costco’s website allowed shoppers to buy fireworks bundles worth as much as $1,500 without asking for age or permit.” Read more
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Lights out at Gordmans: Bankruptcy is over; unsecured creditors get 5 to 11 cents on dollar by Russell Hubbard at Omaha World-Herald. “At the upper end, that is a little more than half the 20 cents on the dollar recovered by unsecured creditors of Enron.” Read more
Love’s Travel Stops Completes Acquisition of Speedco “With the addition of Speedco’s 52 locations, the number of Love’s-operated tire service and lube facilities climbs to more than 320.” Press release
Target sets Nov. 11th opening date for new small store near Univ. of Texas campus by Gary Dinges at American-Statesman. Read more
Hudson’s Bay Co shares surge after confirming offer for its German retail chain via Vancouver Sun. “Hudson’s Bay Co. says it has received an offer from European retail competitor SIGNA Holding for its German department store chain Galeria Kaufhof and other real estate assets.” Read more
Kohl’s holiday sales come early this year at CNBC. “On the same day it introduced its holiday plans, Kohl’s for one day only was offering shoppers $15 in Kohl’s Cash for every $50 spent in stores and online. The company said it’s using the day to set the tone for the holiday shopping season “in a big way.” Read more
Amazon launches augmented reality iPhone feature to see virtual products in real world before buying by Todd Bishop at GeekWire. Read more
Jewel-Osco to jump into e-commerce next week with new delivery service by Greg Trotter at Chicago Tribune. “Unlike some competitors…that partner with third-party services, Jewel is handling order fulfillment and delivery itself — though Jewel shoppers will continue to have the option to use Instacart instead.” Read more
Michael Kors Wants Customers to Feel Like They’ve Met Michael Kors by Stephanie Hoi-Nga Wong at Bloomberg. “In addition to redesigning its shops and increasing its product catalog, it’s relying less on department stores — a channel that’s marred the brand by associating it with deep discounts. And Michael Kors plans to add the personalized recommendations to a new mobile app, which will be offered next year.” Read more
Hy-Vee delays Austin distribution center project by Dan DeBaun at Minneapolis/St.Paul Business Journal. “We currently own and operate distribution centers in Cherokee, Iowa, and Chariton, Iowa,” a statement from Hy-Vee spokeswoman Tina Potthoff reads. “We will now evaluate the need for a third distribution center in Austin within the next several years.”..Hy-Vee…plans to open a new online-shopping fulfillment center somewhere in the Twin Cities area in the upcoming years.” Read more
Murphy USA Q3 Beats Street at Talk Business. “…posted net income of $67.9 million, $1.90 per share, compared to year ago net income of $45.5 million, or $1.16 per share. Total revenue jumped 6.7% to $3.2 billion, compared to $3 billion in the same period a year ago.” Read more
Canada: Competition Bureau’s bread price-fixing probe leaves experts surprised by Francine Kopun at Toronto Star. “We’ve been in deflationary mode since June 2016 on bread and rolls. Between May 2016 and September 2017, the Consumer Price Index for bread and buns has dropped nearly six per cent,” said Grier.” Read more
Amazon Is Already Offering Black Friday Deals Press release
Gap is selling subscription boxes for kids through Old Navy, after a successful run with baby clothes at CNBC. Read more
Behind Amazon Studios’ Executive Purge as New Details Emerge by Kim Masters at The Hollywood Reporter. “Several sources say the Seattle-based online giant’s overall approach to hiring, which involves an extensive interview process known as “the Loop” as well as a basic background check, is not designed for Hollywood. “It’s all about how you perform in interviews as opposed to doing a deep dive,” says one person with firsthand knowledge of the process.” Read more
Dollar General Assistant Manager chases shoplifter in her car – retreats when he starts shooting at her at KMOV 4 St.Louis. “Whitley said she’s learned her lesson about chasing shoplifters but is it still upset about the theft. “I don’t like thieves, hate them. They’re no use,” said Whitley.” Video/Read more
Tipsheet Extra Stories
Amazon just bought three domain names related to cryptocurrency
Thousands pack into Legion Hall to win $700K jackpot in Queen of Hearts drawing
33% of 18-29-year-olds comfortable with letting Amazon open their door
A Behind-the-Scenes Look at How Hershey’s Got Ready for Halloween
More chocolate with unnamed ingredient is recalled from major retailers
Quebec retailers favor bill to force online businesses based outside Quebec to charge sales tax
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