Thursday Tipsheet: Costco July Comp +5% | H.Depot’s Menear on CNBC | Wmart’s 312K sf in S. Valley

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“Costco July Comp Sales +5%” “Costco reported net sales of $8.55 billion for the month of July, the four weeks ended August 3, 2014, an increase of nine percent from $7.87 billion during the similar four-week period last year.” Read the release

 

“Home Depot’s Craig Menear Appears on CNBC” “KELLY EVANS: Have you been involved in succession talks? CRAIG MENEAR: You know, at this point, that is all up to the board and to Frank. I have been given the opportunity to be the president of U.S. Retail and that’s an enormous opportunity and responsibility. And that’s really what I’m focused on right now.” Read the transcript  See the video interview

 

NY Times: “Target’s Newest Dance Partner? Joseph Altuzarra” by Ruth La Ferla.  “Yet, sitting at a table with members of Target’s design and creative team, he wasn’t entirely knocked off his chair. “Will there be a voice-over,” he asked, his voice rising, “so that people will know how to say my name?” His concern seemed well founded. Mr. Altuzarra, an A-list personality in fashion spheres (in June, the Council of Fashion Designers of America bestowed on him its Women’s Wear Designer of the Year award) remains something of a cipher to the garden-variety Target “guest”.” Read more

 

***A message from Dig It® Handwear.  Grow garden category sales with glove protection for manicured female hands!  Patented line of high-quality gardening gloves provides unique “pillow-top” protection for female gardeners.  Nationally distributed in Canada…Shark Tank’s Kevin O’Leary is an investor…now being offered to US Retailers for the first time.  View the line at www.digithandwear.com.  Peggable gloves merchandise easily–see the off-shelf display. Contact info@shiftmarketinggroup.net to get started.

 

“Canadian Tire names Michael Medline as new chief executive” at Reuters via Globe & Mail. ” Retailer Canadian Tire Corp. reported a higher quarterly profit and named Michael Medline chief executive, effective Dec. 1. Medline, who will also serve as the president, will take over from Stephen Wetmore, who has agreed to remain on the board in a new, non-executive position of deputy chairman.” Read more

 

Australia:  “Lowe’s/Woolworth’s Closer to Acquisition of Hudson Building Supplies” at Finance News Network. “Hudson operates a chain of stores in New South Wales and Queensland supplying materials, hardware and home improvement products.  The Australian Competition and Consumer Commission says it will not block the deal as it will not be likely to substantially lessen competition.” Read more

 

“Wal-Mart ecommerce expands in Silicon Valley(again)” by Nathan Donato-Weinstein at Silicon Valley Bus. Journal.  “Wal-Mart Inc.’s e-commerce operation has quietly expanded yet again, bringing its total presence at Sunnyvale Business Park to about 312,000 square feet. Wal-Mart recently struck a deal to lease about 127,000 square feet in two buildings at 680 and 840 West California Ave. The lease, which was completed several weeks ago and not previously reported.” Read more

 

USA Today: “Watch out for credit cards issued by retailers” by Lisa Kiplinger at USA Today.  “CreditCards.com surveyed 36 retailers from the National Retail Federation’s Top 100 Retailers of 2014, and the retail card with the highest rate was jeweler Zales, at 28.99%, followed by Staples and Home Depot, at 27.99%.” See the rankings / Read more

 

“Walmart on Campus Store to Open at VCU” at CBS 6.  “The new Walmart is part of the company’s Walmart on Campus program. Other colleges involved in the Walmart on Campus include: University of Arkansas, Arizona State University, Georgia Tech and the University of Missouri.” Read more

 

“ALDI tops among low-price grocery chains in new consumer survey” by Lewis Lazare at Chicago Bus. Journal.  “ALDI also ranked as one of top three favorite grocery store chains in America in the new Market Force survey, which polled more than 6,000 consumers. ALDI was third among the top three, behind top-ranked Trader Joe’s and Publix.” Read more

 

Analyst: “Odds of Dollar General bid for Family Dollar are low” by Jennifer Thomas at Charlotte Bus. Journal.  “On Wednesday, FBR Capital Markets & Co. released an analyst note saying that speculation Dollar General is exploring a bid for Family Dollar is likely tied to fiduciary responsibility and a need to placate investors.” Read more

 

“Research shows men are more likely to shop on mobile than women” by Jiaxi Lu at Washington Post.  “Women control about 80 percent to 85 percent of household spending, but they account for a much lower proportion of online spending…22 percent of men bought something on their phones while 18 percent of women did; 20 percent of men made purchases on their tablets, compared with only 17 percent of women.” Read more

 

Claim:  Hannaford/Delhaize is Rumored Bidder for Market Basket by Casey Ross & Callum Borchers at Boston Globe.  “A supermarket company has emerged as a serious bidder for the Market Basket chain…The unidentified potential buyer has expressed a willingness to acquire part or all of the 71-store chain, according to people briefed on the offer.” Read more

 

“Roundy’s Q2 Comp Sales Down 2.2%” by David Schuyler at Milwaukee Bus. Journal.  “The declining sales at its core markets were offset by sales from its growing Mariano’s chain in the Chicago area. The company opened seven stores, including six Mariano’s, during the quarter.” Read more

 

“Hidden camera catches Walmart and Target employees lying to customer on the phone” by Joey White at 22 Words.  “Recently, Jack Vale called Walmart and Target to see if they had various products in stock…while a cohort was inside the store filming the employee to see if they actually looked for the items in question.”  See the video

 

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About Eye-on-Retail

Eye-on-Retail is a daily tipsheet read by thousands of Retail Merchants/Executives every weekday morning. Eye-on-Retail is unique because it’s timely, smart and fun. It’s created bright and early every morning and delivered between 7-8 am CT. We love data, earnings reports, executive presentations and stories off the beaten path that get at what’s really happening in the world of retail.

Wednesday Tipsheet: Wgreen +1.1% | D.Gen’s $306 Mil Hurdle | Wmart CEO in DC

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“WSJ Interview with Walmart CEO Int’l – David Cheesewright” by Shelly Banjo.  “With 80% of retail industry growth that is going to happen over the next 10 years coming from outside of the U.S., I have to be the growth engine for our business. We are disappointed with the growth levels from last year, so that’s going to have to be the priority.” Read more

 

“Dollar General Said to Explore Family Dollar Bid” by David Welch/Matthew Campbell/Matt Townsend at Bloomberg.  “While Dollar General had earlier passed on the chance to bid for Family Dollar, the company is re-evaluating its options out of concern that the smaller retailer may soon be out of its reach for good, two people said. There is no guarantee that it will make an offer, the people said, with one putting the chance of a bid at 50 percent.” Read more

 

“Three Hurdles for Dollar General in Its Family Dollar Bid” by Antoine Gara at The Street via Dallas News.  “As part of their July 28 merger agreement, Family Dollar agreed to pay Dollar Tree $306 million were it to accept an outside bidder. Those three factors will make it much harder and more costly for Dollar General to launch a counterbid for Family Dollar.” Read more

 

Canada: “Target faces steep competition as back-to-school season starts” by Marina Strauss at Globe & Mail.  “Target is at a disadvantage in not yet having e-commerce in Canada, even as it races to catch up on its digital strategies south of the border, Mr. Baer said…Wal-Mart is selling a 24-piece Crayola crayon for 25 cents, compared with $2 on average at competitors, according to the chain’s research, while it’s touting a Hilroy 32-page exercise book for 5 cents, compared with 35 cents at competitors.” Read more

 

***A message from Orchard Road Canning Co. – Target Millennials to Grow Home Canning Sales. Young female canners are the future of the category and there is untapped potential in the segment.  Orchard Road targets the demographic with a simple and elegant glass jar design and unique package graphics that feature authentic food-filled jars.  See the package design. See the sell sheet. www.orchardroadcanning.com.  Contact info@shiftmarketinggroup.net for more information.

 

“Walgreens nears deal to buy British pharmacy, but won’t invert” by Benjamin Snyder at Fortune. “Walgreens is close to buying a 55% stake in its British counterpart that it doesn’t already own, according to an anonymous source cited by The New York Times. But the company will keep its U.S. citizenship, the report said.” Read more

 

Twin Cities: “TargetExpress coming to Highland Crossing shopping center” by Kavita Kumar at Star-Tribune. “The Minneapolis-based retailer will open its new small-format location next July in the Highland Crossing shopping center, Target told the Star Tribune Tuesday. The St. Paul store will be about 17,000 square feet, slightly smaller than Dinkytown location, which opened two weeks ago.” Read more

 

Nashville: “Kroger introduces lower pricing” by G. Chambers Williams at The Tennessean.  “But the question is whether Kroger is doing this because of a competitive need, or an opportunity to boost natural and organic food sales,” he said. “Wal-Mart has announced that it is going to get much more active in natural and organics, so that could be part of the impetus for this — sort of a pre-emptive move.” Read more

 

“Walgreens July Sales Increase 6.1 Percent – Customer Traffic in Comp Stores -2.6%”  “Total front-end sales increased 1.4 percent in July compared with the same month in fiscal 2013, while comparable store front-end sales increased 1.1 percent. Customer traffic in comparable stores decreased 2.6 percent while basket size increased 3.7 percent.” Read the release

 

“Target signs legal brief backing gay marriage” by Jim Spencer at Star-Tribune. “In revealing Tuesday that it had signed a court brief backing marriage equality in a ­pending court case, Target joins other blue-chip names such as Starbucks, Apple and Intel that have sided publicly with same-sex marriage advocates in court cases or ballot issues.” Read more

 

“Shoppers Are Fleeing Physical Stores” by Shelly Banjo and Paul Ziobro at WSJ.  “Aside from a small uptick in April, shopper visits have fallen by 5% or more from a year earlier in every month for the past two years, according to ShopperTrak…On Tuesday, Walgreen Co. said customer traffic in the nonpharmacy section of the store fell 2.6% in July. CVS Caremark Corp. said declines in traffic contributed to a 0.4% decrease in front-of-the-store sales.” Read more

 

“Target Lowers Outlook” by Bob Pisani at CNBC.  “It now expects 78 cents a share for the just completed (July-ending) quarter, well below earlier guidance of 85–$1.00. They cited promotional markdowns and lower than expected sales in Canada; meanwhile, U.S. sales are “essentially flat.” Read more

 

“Wal-Mart’s women empowerment effort exceed goals” by Kim Souza at The City Wire.  “We met the annual goals in the first two years and our spending since then is $400 million ahead of our goal. We are actively working toward growing our women-owned supplier base,” Lemmon said. Wal-Mart has roughly 1,000 suppliers who made their way on to the retailer’s shelves through the women-owned business initiative.” Read more

 

“Walmart CEO Doug McMillon Attends DC Africa Dinner” by Judy Kurtz at The Hill.  “The official list of attendees sent out by the White House includes former President Carter, former New York City Mayor Michael Bloomberg as well as current Mayor Bill de Blasio, along with an extensive list of Democratic lawmakers.”  Read more / See the guest list

 

“Amazon Same-Day Delivery Expanding – “Get It Today” Available in Six More Cities” “Amazon.com has expanded Same-Day Delivery with new “Get It Today” capabilities for customers in Baltimore, Dallas, Indianapolis, New York City, Philadelphia and Washington DC metro areas…Starting today, customers can order as late as noon, seven days a week and get things…delivered to their home the same day.” Read the release

 

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About Eye-on-Retail

Eye-on-Retail is a daily tipsheet read by thousands of Retail Merchants/Executives every weekday morning. Eye-on-Retail is unique because it’s timely, smart and fun. It’s created bright and early every morning and delivered between 7-8 am CT. We love data, earnings reports, executive presentations and stories off the beaten path that get at what’s really happening in the world of retail.

 

Tuesday Tipsheet: CVS +3.3% | Kroger Disappoints Sen. | Target’s New S.Valley Office

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“Target opens office in heart of Silicon Valley” by Kavita Kumar at Star-Tribune.  “The 7,000-square-foot Sunnyvale office will initially have about 15 employees, but could one day have upward of 70, Baeb said. The new space, which held a small open house on Monday night, will also provide a home base for Target executives from Minneapolis when they fly out to California to meet with technology partners.” Read more

 

“Walgreen CFO replaced by Kraft Foods Exec” at Chicago Bus. Journal.  “Walgreen Co. CFO Wade Miquelon is no longer in that post after serving in that role since 2008. The Chicago Tribune contacted Miquelon, who declined to comment on his situation, though the retailer characterized it as “amicable.” Miquelon has been replaced at Walgreen by Timothy McLevish, most recently the CFO of Kraft Foods Group.” Read more  Press release

 

“Target cuts outlook on charges from data breach, debt” at MarketWatch.  “Target Corp. shares fell more than 3% in premarket trade Tuesday, after the company lowered its second-quarter earnings outlook because of charges stemming from last year’s data breach and the retirement of debt. The retailer said it expects the gross costs of the data breach to come to $148 million, which will be partially offset by a $38 million insurance receivable.” Read more

 

“Walmart expands new price-match program to include produce” at News Observer. “Walmart stores today added fruits and vegetables to the list of items it will price match with its new Savings Catcher program.” Read more

 

“CVS Q2 Comp Sales +3.3% (Front End -.4%)” “The Company raised and narrowed its earnings guidance range for the full year 2014. The Company now expects to deliver Adjusted EPS of $4.43 to $4.51, up from $4.36 to $4.50.” Read the release

 

“Can this startup kill off the supermarket?” by Beth Kowitt at Fortune.  “Farmigo, a small farm-delivered food service, has an audacious dream: It thinks it can help wipe out the likes of Kroger and Albertsons…If Ronen’s vision for the future becomes a reality, in 10 years you’ll get all of your non-perishables from the likes of Amazon, while a service like Farmigo will answer all of your fresh needs. Neighborhood stores will act as gap-fillers for last-minute purchases.” Read more

 

“Kroger disappoints WV Sen. Joe Manchin on meth” by Eric Eyre at WV Gazette.  “I am so disappointed that Kroger has failed to address this [meth lab] problem proactively by refusing to terminate sales of the cold medicines most frequently used to make meth,” Manchin said. “I truly hope Kroger reconsiders its decision.” Read more

 

“Walmart’s U.S. Manufacturing Summit Starts Next Thursday in Denver” Read the release

 

Boston: “Few attend Market Basket job fair” by Jack Newsham & Casey Ross at Boston Globe. “About 60 demonstrated outside the job fair, which was held at company offices in Andover. Attendees of the job fair arrived to protesters’ taunts of “Scab!” “Don’t cross the line!” and “They’re just going to fire you later.” Only a handful of applicants visited the job fair.” Read more

 

“Macy’s announces store closings” by Erin Caproni at Cincinnati Bus. Journal.  “Macy’s Inc. is closing two of its U.S. stores. The Cincinnati-based company’s spokesman, Jim Sluzewski, said the store closings in Bradenton, Fla., and York, Pa., are isolated incidents.” Read more

 

“Behind the scenes: Opening a Walmart Supercenter” by Kim Souza at The City Wire.  “It takes about 5.5 weeks to set up a store before opening. Aside from Coca Cola and Pepsi, who bring in and set up their own displays, my associates will stock the vast majority of the store. Wal-Mart builds all the modular displays as we stock them from unloading the trucks to stacking up the shelves,” Curtis-Swenson said.” Read more

 

“Sycamore offers new hope for Sears Canada” by James Covert at NY Post.  “Sears Canada has a fighting chance to avoid liquidation — and it may rest with New York retail impresario Stefan Kaluzny…Kaluzny “never overpays for anything and this would be no exception,” someone briefed on the situation said. “It’s probably still as likely as not that Sears Canada goes away.” Read more

 

“Office Depot Comp Sales Down 3% in Q2, Will Shutter 165 stores in 2014” “Total reported sales for the second quarter of 2014 were $3.8 billion compared to $2.4 billion in the second quarter of 2013, reflecting the inclusion of OfficeMax sales in 2014, and were 2% lower than combined pro forma sales of $3.9 billion in the second quarter of the prior year.” Read the release

 

“Etsy CEO on CBS This Morning ‘It’s a Farmer’s Market not a Supermarket’ “ “Etsy CEO Chad Dickerson joins the “CBS This Morning” co-hosts to discuss the secret behind their sellers’ success.” See the video interview

 

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About Eye-on-Retail

Eye-on-Retail is a daily tipsheet read by thousands of Retail Merchants/Executives every weekday morning. Eye-on-Retail is unique because it’s timely, smart and fun. It’s created bright and early every morning and delivered between 7-8 am CT. We love data, earnings reports, executive presentations and stories off the beaten path that get at what’s really happening in the world of retail.

Monday Tipsheet: Target Beat Out JCP for Cornell | Wmart Pays More than Starbucks

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“Target Beat Out J.C. Penney in Landing Brian Cornell” by Joann S. Lublin at WSJ.  “The battered department store chain pursued Mr. Cornell about succeeding CEO Mike Ullman. Penney, which has been seeking Mr. Ullman’s successor for a year, contacted Mr. Cornell earlier this year.” Read more

 

“Wal-Mart’s website to personalize shopping” by Anne D’Innocenzio at AP via SF Gate.  “Other retailers, including home-improvement chain Home Depot and office-supplies retailer Staples, have been ahead of Wal-Mart in the race to personalize the online shopping experience. In fact, a quarter of customers who visit Home Depot’s home page see product recommendations that are based on recent purchase or browser history, according to the company.” Read more

 

“Starbucks Pays Some of Its Employees Less Than Wal-Mart” at Motley Fool.  “Wal-Mart surprisingly far outpaces Starbucks. Even though the pay is lower at Starbucks, the study also highlights one of the reasons this may be is that “its establishments are smaller…Wal-Mart’s size makes it the easy target for low-wage criticism, but compared to other retail outlets,Wal-Mart’s pay policies are extremely unique.” Read more

 

“Target Canada opening new stores in Ontario, Quebec” at CTV News.  “Target says it’s opening three new stores in Canada, two in Ontario and one in Quebec, bringing the total number of Target stores in Canada to 130. The stores are in Mississauga and Barrie, Ont. and Candiac, Que. Target says three more stores are scheduled to open later this fall in Canada.” Read more

 

***A message from Orchard Road Canning Co. – Target Millennials to Grow Canning Category Sales. Young female canners are the future of the category and there is untapped potential within this segment.  Orchard Road targets this demographic with a simple and elegant glass jar design and unique package graphics that feature authentic food-filled jars.  See the package design. See the sell sheet. www.orchardroadcanning.com.  Contact info@shiftmarketinggroup.net for more information.

 

“Lawsuit blames Home Depot’s roof design in Joplin tornado deaths” by Wally Kennedy at Joplin Globe.  “The Joplin tornado was a seminal event that undoubtedly will lead to changes in the way these buildings are constructed,’’ he said, in a recent interview. “One thing that has already happened is a dramatic increase in requests for storm shelters inside of big boxes.’’ Read more

 

“Amazon donating 50m hours of computing time to White House for climate change research” by Emily Gertz at The Guardian.  “Walmart noted that it is already working with “eight of the largest food companies to ensure that tomorrow’s food supply is more sustainable” – in part by expanding its sustainable agriculture programs by 8 mn acres, although no time frame was mentioned.” Read more

 

Target or Walmart — which is busier in Canada? For shoppers, the choice is clear” by Francine Kopun at Toronto Star. “Shopper research conducted for the Star shows that Target stores across Canada seem to be failing to attract customers, at least compared to nearby Walmart stores. The data was collected on Saturday, July 26, at 40 different stores in 19 different cities, from Vancouver to Dartmouth.” Read more

 

Claim: “E-commerce to account of 50% of retail in China by 2020” at Want China Times. “Nie Linhai, deputy inspector for the ministry’s Department of E-commerce, said the prediction is if anything conservative. “I would say probably everybody will be involved in e-commerce by then.” Read more

 

“Ingles Q3 Comp Sales +2.1%” “The number of customer transactions (excluding gasoline) increased 0.3%, while the comparable average transaction size (excluding gasoline) increased 1.8% compared with the same quarter last year.” Read the release

 

“Mother-daughter duo find a market for packaged fresh fruit” by Robert Rodriguez at Fresno Bee.  “The mother and daughter team of Kim Gaarde and Brittnie Hammack have taken a simple idea of selling sliced tree fruit in a package and made it into one of the hottest food ventures in the San Joaquin Valley. In its first full year of operation, the Fresno-based company Fresh Fruit Cuts has landed its product on the shelves of the nation’s largest retailers, including Walmart, Sam’s Club and Target.” Read more

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About Eye-on-Retail

Eye-on-Retail is a daily tipsheet read by thousands of Retail Merchants/Executives every weekday morning. Eye-on-Retail is unique because it’s timely, smart and fun. It’s created bright and early every morning and delivered between 7-8 am CT. We love data, earnings reports, executive presentations and stories off the beaten path that get at what’s really happening in the world of retail.

 

Friday Tipsheet: $36.6 Mil for Target CEO? | Have Costco ID – Board Plane | Who’s Alive in 25

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Thoughts on New Target CEO…

 

Where’s the Digital Experience? by Nick Halter at Minn./St. Paul Bus. Journal “He doesn’t really have that true ominchannel retail experience,” said Edward Jones analyst Brian Yarbrough. “He doesn’t have that experience of shopping on cell phones and tablets. All this has become so popular in the last two years, when he hasn’t really been involved in retail.” Read more

 

Polaris CEO on Cornell: “A real high-energy guy” “Wish I could buy stock in Target” by Sam Black at Minn./St. Paul Bus. Journal.  “Brian Cornell is “one of those rare examples of somebody who can come on the board and be universally respected and appreciated for their contributions, by the management team, the other members of the board and myself,” Wine said. “If you talk to people that have worked with him or for him, he creates followers wherever he goes, and I expect he’ll do the same at Target.” Read more

 

“New Target CEO Could Make Up To $36.6 million” by Patrick Kennedy at Star-Tribune.  “Target said Cornell’s base salary will be $1.3 million, which is $200,000 less than his predecessor Gregg Steinhafel received as a base. Cornell will also be eligible for a performance bonus of up to $1.95 million…He is also being given Target stock that is currently valued at $12.75 million, including an initial stock grant worth of $3.75 million and a grant valued at $9 million in January 2015. To cover the incentives Cornell is leaving at PepsiCo, Target will give him another batch of shares worth $19.25 million minus the stock he is eligible to retain from PepsiCo” Read more

 

“Choice of CEO proves Target’s chief target is food” by Thomas Lee at SF Gate.  “Target CEOs have always been merchandisers, albeit ones cut from the company’s department store heritage. The retailer is still getting a merchandiser – but someone who focuses on food instead of clothing.” Read more

 

Interview: Charlotte Bus. Journal Interviews Family Dollar CEO by Jennifer Thomas.  “We’ve met before (Dollar Tree CEO), but we didn’t know each other well. I remember saying to myself, ‘I think we were similar in the way we were brought up and the way we think about the retail business.’ He’s a retailer through and through, cares a lot about the customer, cares a lot about people, wants to do the right thing for his teams, wants to drive shareholder value.” Read more

 

“Rite-Aid July Comp Sales +4.6%” “July front-end same store sales increased 1.5 percent. Pharmacy same store sales, which included an approximate 203 basis points negative impact from new generic introductions, increased 6.0 percent.” Read the release

 

“CNBC’s Survey On Retail Survivors In 25 Years” by Craig Jones at Benzinga.  “Home Depot and Lowe’s will be around in 25 years, because we are still going to live in houses and condos, but the merchandise is going to shift to connected home type devices. Amazon.com also found a place among the survivors in this survey.” Read more  See the CNBC video

 

“Long Island Wants to Designate new Costco as “Tourist Destination” for Tax Incentive Purposes” at New York Post.  “Queens Councilmember Costa Constantinides just announced a new effort to ensure Walmart will not be allowed into a proposed development in Astoria Cove…Meanwhile, out on Long Island…they’re trying to bribe Costco into opening a store in Oceanside. So determined is the Nassau County Industrial Development Agency, it’s working overtime to get around state laws that prevent tax breaks for retailers. The agency’s solution? According to Newsday, it plans to make Costco eligible by defining it as a “tourist destination.” Read more

 

“How I was able to board a plane and fly to New York using my Costco card as ID” by Chris Peterson at The Blaze.  “I explained when I got to the podium that I had lost my drivers license while flying down to Dallas. For the sake of the experiment, I told them I had no government form of identification on me. They called over a supervisor, who asked, “Do you have anything else? Perhaps a Costco card?” I did! After showing my Costco card, they scribbled on the boarding pass like normal and I got in line to remove my sandals” Read more

 

“Unwanted Gift Cards Are Worth Millions–These Guys Are Building An Empire With Them” by Karsten Strauss at Forbes.  “Inside a dim office secured by a sensor lock, eight young men in yarmulkes sit before computer screens sifting through tens of thousands of dollars’ worth of gift cards. Toiling under a latticed ceiling, the workers (some in their late teens) field orders to buy preowned cards online, fetching each meticulously catalogued item from the company’s man-size vault, where at least $3 million worth wait for new owners at any given time.” Read more

 

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About Eye-on-Retail

Eye-on-Retail is a daily tipsheet read by thousands of Retail Merchants/Executives every weekday morning. Eye-on-Retail is unique because it’s timely, smart and fun. It’s created bright and early every morning and delivered between 7-8 am CT. We love data, earnings reports, executive presentations and stories off the beaten path that get at what’s really happening in the world of retail.