Tipsheet: Wmart New ‘It’s’ Protocol | H.Dep #9 Fast | Bass Pro’s Record Crappie
Stage Stores, winner in Gordmans bankruptcy auction, will operate 50 locations by Russell Hubbard at Omaha World-Herald. “Substantially all of the remaining assets at Gordmans’ remaining 48 stores and other facilities are expected to be liquidated by Tiger Capital Group and Great American Group…” Read more | Press release
Walmart U.S. e-commerce execs explain to suppliers the retailer’s new strategy by Kim Souza at Talk Business. “Lore previously mentioned the new “It’s” protocol, but Breen and HIlton gave suppliers more details around the new strategy they say will make a difference for shoppers online and in store. The “It” strategy has five components. 1. Have it, 2. Find it, 3. Display it, 4. Price it, 5. Deliver it…” Read more
Walgreen sets deadline for $9.7B merger with Rite Aid by Josh Kosman at NY Post. “As such, Walgreen’s move is likely a bet that the regulatory environment will get better in three months. Specifically, Walgreen appears to be wagering that President Trump will install a deal-friendly commissioner to review the deal, insiders said.” Read more
Amazon and Walmart are in an all-out price war that is terrifying America’s biggest brands by Jason Del Rey at Recode. “Last month, Walmart gathered some of America’s biggest household brands near its Arkansas headquarters for a tough talk…Walmart wants to have the lowest price on 80 percent of its sales, according to a presentation the company made at the summit, which Recode reviewed. To accomplish that, the brands that sell their goods through Walmart would have to cut their wholesale prices or make other cost adjustments to shave at least 15 percent off.” Read more
Retailers could use ISP data for dynamic pricing or marketing by Zak Stambor at Internet Retailer. “They will be offering services that are, in many ways, the same as other companies that collect, analyze and sell consumers’ data,” she says. But ISPs differ from those other services because they see “every move someone makes online.” Read more
Kroger spends millions on early retirement plan by Steve Watkins at Cincinnati Business Courier. “Kroger recognized a pretax charge totaling about $180 million in the first quarter to cover costs of the voluntary retirement deal…Employees had until early March to decide whether to accept the deal. About 1,300 employees accepted the offer, Kroger said.” Read more
Gander Mountain discloses “stalking horse” bid by Dan DeBaun at Minneapolis/St.Paul Business Journal. “Two companies have filed a joint bid for Gander Mountain, which is in Chapter 11 bankruptcy, for nearly all of its assets to position the company for a sale. Gander Mountain announced Thursday that it filed a “stalking horse” bid in bankruptcy court by a joint venture made up of Gordon Brothers and Hilco Merchant Resources to purchase substantially all of its assets.” Read more | Press release
Former Walmart CIO Karenann Terrell to Speak at Leadership Summit Press release
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Top 10 fastest desktop sites Feb. 27 – March 12 (Walgreens #1, Kohl’s #7, H.Depot #9) by April Berthene at Internet Retailer. Top 10 list/Read more
Bezos family makes record-breaking $35M donation to Fred Hutch to fund cancer research by Clare McGrane at GeekWire. “Philanthropists Jackie and Mike Bezos, parents of Amazon founder and CEO Jeff Bezos, have been quiet supporters of the Fred Hutch for years, previously donating about $30 million to the center.” Read more
BIG FISH – Huge crappie caught in IL headed for a Bass Pro fish tank and expected to break state record by Walker Smith at Scout. See the fish/Read more
Blink Health Faces Setback as Walgreens Pulls Out by Yuliya Chernova at Wall Street Journal. “Consumers can shop on Blink Health’s website or app for a drug. If they like the price they find, they pay and take the receipt to a participating pharmacy to fill the prescription at no additional charge.” Read more (subscription)
Jet.com shuts down its Jet Anywhere rewards program by Matt Lindner at Internet Retailer. “Jet Anywhere was an affiliate marketing-style offering wherein Jet linked to other retailers on its website and offered shoppers who clicked through and subsequently bought something a percentage of their purchase price in JetCash.” Read more
How Vans Skated Past a Big Retail Milestone by Phil Wahba at Fortune. “Vans, the highly popular, eternally youthful skater footwear brand, hit a major milestone last year: It eclipsed The North Face juggernaut as apparel giant VF’s top-selling brand. The 51-year-old Vans saw sales hit $2.3 billion in 2016.” Read more
Starbucks will put its first high-end Reserve store inside its headquarters by Coral Garnick at Puget Sound Business Journal. Read more
Angry Kentucky fans take out their frustrations on the referee’s small business by Gene Marks at Washington Post. “You are a crooked ref and if your work as a contractor is anything like your work as a ref I wouldn’t trust you to put a plastic roof on my niece’s doll house,” one angry fan wrote. “If his integrity refereeing is anything like his integrity of his roofing then expect a flood,” another chimed in.” Read more
Tipsheet Extra Stories
Supervalu transfers merch responsibility for Farm Fresh to Shoppers, 21 laid off
Final Apple Park drone footage before April opening
Port Richey Walmart now closed during overnight hours, and police chief couldn’t be happier
Peeping Tom caught in the act at West Knoxville Target
Petco faces questions in fatal ‘rat bite fever’ case; boy, 10, died
Something is finally going on at the Menards sites in Springfield, MO
Lowe’s uses augmented reality for in-store navigation
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