Tuesday Tipsheet: Dick’s Comp +3.4% | Target Seeks Grocery Head | Amazon’s ‘Ship to Cuba’ Button
Dick’s Sporting Goods Q4 Comp Sales +3.4% “Same store sales for DICK’S Sporting Goods increased 3.8%, while Golf Galaxy decreased 7.1%.” Read the release
Best Buy Q4 Comp Sales +2% Read the release
Forbes: 2015 The World’s Billionaires (Walton’s #8, 9, 11, 12; Bezos #15; John Menard, Jr. #142) See the top 500 list
WSJ: Target Revamps Groceries for Millennials by Paul Ziobro. “Target has zeroed in on seven grocery categories—from granola and yogurt to candy and snacks—where it thinks it has the best chance of standing out to urban dwellers, younger families and Hispanics, two people familiar with the matter said.” Read more (Subscription)
CNBC via WSJ: Target is also looking to hire an executive with grocery experience to head the business and Chief Executive Brian Cornell has been interviewing candidates in recent weeks. Read more
Home Depot wants Cobb Co. to give company $200 million by Carla Caldwell at Atlanta Business Chronicle. “Cobb development officials are scheduled to vote Tuesday whether to grant The Home Depot’s request for $200 million. The Home Depot wants to spend the money over the next 10 years to renovate its Cumberland headquarters and on a building the company plans to lease in Marietta near Franklin Road.” Read more
‘Ship to Cuba’ option shows up on Amazon.com at Reuters. “A “ship to Cuba” button was seen on Monday on Amazon’s website by Reuters correspondents in Havana. But the option does not appear to work and reporters got an error message when they tried to order an item and ship it to Cuba.” Read more
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Costco ditches Amex, shifts to Citi-brand Visa credit cards by Emily Parkhurst at Puget Sound Business Journal. “The company will replace its existing American Express cards with Citi Visas in the U.S. and Puetro Rico beginning April 1, 2016.” Read more
Warren Buffett: Citi won’t get rich off of Costco deal at CNBC. See the video
Publix Q4 Comp Sales +6.4% Read the release
Costco Says J&J Blocked Contact Lens Discounts at Law 360 “Costco hit Johnson & Johnson’s contact lens unit with an antitrust suit on Monday in California federal court, alleging that it is creating pricing floors for Acuvue lens in order to stifle competition.” Read more (Subscription)
Target to Webcast Presentation to Investors at 2:30 p.m. EST today Read the release
First look at Target’s new Kailua, Hawaii store by Lorin Elini Gill at Pacific Business News. “The store was originally scheduled to open in July 2012, but was delayed by some community protests and an archeological study that found Native Hawaiian skeletal remains.” See the 31 pics / Read more
Robert Nardelli Joins Pep Boys’ Board of Directors Read the release
Ikea launches furniture with built-in wireless chargers by Amy Graff at SF Gate. “The line of tables, desks and lamps was unveiled on Sunday at Mobile World Congress in Barcelona, according to the Wall Street Journal, and will arrive in North America stores on April 15.” Read more
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