Tipsheet: Cyber Insurance 13% Cheaper | Macy’s CEO $1.1M Cut | 1K Suing J&J | N.Marcus Honors Herrera
AMAZON EXPANDS DASH BUTTON FROM 30 TO MORE THAN 100 BRANDS - Amazon Widens Its Push-Button E-Commerce Horizons by Nick Wingfield at NY Times. "The number of orders customers made with the devices jumped 75 percent during a week in mid-March compared with a week in mid-December, he said, without disclosing the underlying sales numbers. Dash Buttons are now pressed more than once a minute in total by Amazon customers, Mr. Rausch said." Read more Kroger sought partners to buy Fresh Market by Steve Watkins at Cincinnati Business Courier. "Fresh Market disclosed in a Securities and Exchange Commission [...]
Tipsheet: Wmart Partners w/Purdue on Data | N.Marcus CMO Out | Target OT Lawsuit | REI HQ Move
Neiman Marcus losing another exec - CMO Wanda Gierhart departs by Maria Halkias at Dallas Morning News. "She is the third longtime, key executive to leave the company in the last few months...“She has committed to staying with Neiman Marcus Group as we work through the transition,” Katz said, adding that no departure date has been set." Read more Lawsuit accuses Target of not paying overtime to some warehouse workers by Nandita Bose at Reuters. "Target spokeswoman Molly Snyder said Target's distribution center group leaders are properly classified as exempt, salaried team members and said these department leaders hire, manage and [...]
Tipsheet: CVS CMO Q&A | No More ‘Walmart Tax’ | Army Chief: Send Me to Cabela’s
Walmart Gets Big Win Over Puerto Rico: No More 'Walmart Tax' by Kelly Phillips at Forbes. "Puerto Rico’s AMT, on its face, clearly discriminates against interstate commerce,” wrote U.S. District Court José Antonio Fusté finding in favor of retail giant Wal-Mart Puerto Rico, Inc. (Wal-Mart PR) in its legal battle over new tax laws in Puerto Rico." Read more Army chief: You want a new pistol? Send me to Cabela's with $17 million by Kyle Jahner at Army Times. "We’re not figuring out the next lunar landing. This is a pistol. Two years to test? At $17 million?” [...]
Tipsheet: Amazon HQ Full of Ex-Target People | Costco Kickback Probe | Peak Athleisure? | Easter Egg Rampage
AMAZON BIG WINNER FROM TARGET LAYOFFS - A year after Target's layoffs, workers reinvent their futures by Kavita Kumar at Star Tribune. "...the Star Tribune found that about 90 Target headquarters employees took jobs at Amazon last year...In 2014, about 70 people left Target for Amazon...So many former Target employees are now at Amazon that some do double-takes in the hallways. “It’s like, ‘Hey, I didn’t realize you were here. Welcome!’ ” said one Target-turned-Amazon employee who spoke on the condition his name not be used." Read more Costco probed in alleged drug kickback scheme by Jesse McLean at [...]
Tipsheet: Greatest Leader: M.Ellison #19 | Costco/AmEx Ends June 19 | Hack Helper Hacked | Aldi’s Opens 8 in SoCal
Fortune: World's Greatest Leaders (Bezos #1, Ellison #19) See the top 50 list ...Jeff Bezos: “I dance into the office every morning.” by Adam Lashinsky at Fortune. "Re: Washington Post purchase: "I would not have bought the Washington Post if it had been a financially upside-down salty-snack-food company,” he says...“This is the first company I’ve ever been involved with on a large scale that I didn’t build from scratch,” says Bezos. “I did no due diligence, and I did not negotiate with Don. I just accepted the number he proposed.” Read more Discount grocery chain Aldi opens [...]
D.Gen +1K in ’17 | Cabela’s Opens Books | AmEx Teams w/Boxed | LL Bean #1 | 500 Startups Like Target
Cabela’s hunts for potential buyer in Bass Pro Shops by Josh Kosman at NY Post. "The 27-store chain — a destination for hunting, fishing and camping enthusiasts — in the past two weeks opened its financial books to rival Bass Pro Shops and other potential suitors, The Post has learned." Read more Forbes: America's Best Midsize Employers (LL Bean #1, The Container Store #2, Wayfair #15) See the list of 250 Dollar General Plans to Accelerate New Store Openings to 1,000 in 2017 "Dollar General will outline its strategic plans at its 2016 Investor Conference today at [...]
Tipsheet: Target Drawn to Spectroscopy | H.Dep Picks Google | Mr.Michael Loses Domain to Michaels
Five Below Q4 Comp Sales +3.6% "For fiscal 2016, net sales are expected to be in the range of $995 million to $1,005 million based on opening 85 new stores for the full year and assuming an approximate 3% increase in comparable store sales." Read the release Kroger names presidents for Roundy's Wisconsin, Mariano's by Melanie Lawder at Milwaukee Business Journal. "Michael Marx, Kroger's vice president of people operations, will become president of Roundy's Supermarkets, Wisconsin, starting April 1. Don Rosanova, Roundy's executive vice president of operations, has been named president of Mariano's, effective immediately." Read more [...]
Tipsheet: Amazon Sues Exec Leaving for Target | Inside H.Depot’s Product Walk | Wmart Names Commun. Officer
Amazon sues longtime exec over new job at Target, says retail rival will be able to steal its secrets by Todd Bishop at GeekWire. "While interviewing with Target’s most senior executives, Mr. Valdez referenced not only core aspects of Amazon’s confidential information, training and expertise, but also the title and topics of a key analysis and strategy meeting Mr. Valdez was contributing to and participating in at Amazon,” the company says in its suit." Read more Wal-Mart names Disney's Brian Besanceney as chief communications officer by Frank Washkuch at PR Week. "He will report to Dan Bartlett, EVP [...]
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