Tipsheet: Wmart Head Leaves for Startup | Target Twin Cities Tech | H.Depot Tears | V.Secret Cuts 200
Wal-Mart’s head of U.S. online marketing leaves for startup by Nathan Layne at Reuters. “The departure of Brian Monahan after three years at Wal-Mart was announced by NewCo, the startup he helped launch in 2012 in San Francisco with media industry veteran John Battelle.” Read more
Amazon now has three CEOs by John Cook at GeekWire. “The company today announced that longtime execs Andy Jassy and Jeff Wilke will now hold the titles of CEO, albeit in their respective divisions. Jeff Bezos remains the CEO of the entire company.” Read more
Target’s Casey Carl and Mike McNamara on Building the Twin Cities’ Tech Scene via A Bullseye View. “What is Target doing to attract more talent to the area? MM: We’ve set an aggressive plan to hire 500 engineers here in Minneapolis and another 500 in India, so we need to be relentless in our search for talent.” Read the Q&A
Lululemon expands line of small, peculiar ‘Lab’ stores to the U.S. after testing in Vancouver by Kim Bhasin at Bloomberg via Financial Post. “Lululemon’s new lab looks nothing like its 363 other stores around the world. Nestled on a quiet street in New York’s NoHo neighbourhood, it’s more posh fashion boutique than yoga pant peddler. Bicycles hang on a wall near the entrance, a nod to the city’s commuter lifestyle; sewing machines sit on tables in the back…” Read more
**Trade Show Spotlight – 2016 National Stationery Show. There’s Only One Stationery Market in North America and the NSS is it! Experience all that is new at this year’s show with 800 exhibitors (over 60% come to launch new products!). Don’t be the last to know – see the new products everyone will be talking about first-hand! See the show categories | Last year’s photo gallery | 2016 exhibitor list | Register | Celebrating 70 Years – Javits Center, NYC May 15-18.
$100 MILLION OVERHAUL – Brooklyn Macy’s Is Set for a Major Renovation by Keiko Morris at WSJ. “The overhaul will add fluted columns and coffered ceilings on the first floor, along with arched metal-and-glass canopies over the Fulton Street entrances, as nods to an earlier era, according to Steven Derwoed, Macy’s senior vice president of store design and merchandising.” Read more (subscription)
Whitney Port is Designing Activewear for Target by Kathryn Romeyn at Hollywood Reporter. “The latest designer to partner with Target on a high-low collection for the masses didn’t come about by accident. Former reality star Whitney Port targeted the retailer quite intentionally, reaching out with a phone call to pitch her label Whitney Eve as its next activewear collaborator.” Read more
Gap’s Disastrous Losing Streak Drags On by Phil Wahba at Fortune. “At its namesake chain, comparable sales fell 3%, while at Banana Republic, still reeling from the effects of being too fashion forward, it was another bloodbath, with a 14% drop.” Read more | Read the release
Home Depot workers go above and beyond – bring customer tears of joy by Andy Banker at Fox 2 Now St.Louis. “He was on chemo. He had the shakes, he would fall down periodically,” (said Jim) Conley. “Right then, we knew we had to get somebody out there for him.”…“I don’t know what to say,” Sansone said, wiping tears. “I appreciate it. Thank you so very much.” See the video / Read more
Belk putting all of its corporate offices under one roof again by Ashley Fahey at Charlotte Business Journal. Read more
Victoria’s Secret stripped of 200 jobs in corporate overhaul by Lisa Fickenscher at NY Post. “Credit Suisse retail analyst Christian Buss was not bowled over. “There’s less clarity about the company than at any time over the last three years,” said Buss, who had downgraded L Brands in March to neutral.” Read more
Petco to Unveil 15 New Stores in April Read the release
It’s a Great Time to Buy a Diamond, But Fewer People Want One by Thomas Biesheuvel at Bloomberg. “A threat to boycott auctions of rough gems by buyers in India, where almost 90 percent of the stones are cut, ended with De Beers lowering prices 15 percent for the year and another 7 percent in January.” Read more
Big Lots To Relocate Corporate Headquarters Within Columbus Read the release
Behind the Scenes at Disney as It Purged a Favorite Son by James B. Stewart at NY Times. “…With Mr. Iger struggling to breathe and turning red, another executive started pounding his back, to no effect. Mr. Staggs leapt up, and applied the Heimlich maneuver so forcefully that he broke one of Mr. Iger’s ribs. Out popped a piece of chicken…In the byzantine world of Hollywood media conglomerates, not even saving the future chief executive’s life confers any job security.” Read more
Tipsheet Extra Stories
JCPenney embraces its ‘period skirt’ after it goes viral
Russian Communist proposes ban on companies such as Macy’s using red stars
Woman suing Lowe’s wipes tears while testifying
Z Gallerie boosts engagement with personalization
Obama dines with Disney executives at glitzy fundraiser in Bel-Air
REI Celebrates the Inspirational Stories of Dedicated Hikers in New Campaign
H&M Sees Room for 4,000 New Stores
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