Archive for month: December, 2016

 

Toys R Us exec gets three years for embezzling nearly $2M by Priscilla DeGregory at NY Post. “Chon’s lawyer, Jeffrey Lichtman, argued his alcoholism and troubled childhood including an abusive father led to his actions, “He was obviously mentally ill. He was spending the money on one stupid thing after another to get the love and adoration of his peers, to get the love he wasn’t getting when he was young.” Read more

 

BEST BEHAVIOR – Jeff Bezos on Wednesday’s Trump Meeting: “I found today’s meeting with the President-elect, his transition team, and tech leaders to be very productive,” Bezos said in a statement. “I shared the view that the administration should make innovation one of its key pillars, which would create a huge number of jobs across the whole country, in all sectors, not just tech — agriculture, infrastructure, manufacturing — everywhere.” by Monica Nickelsburg at GeekWire. Read more

 

Pier 1 Q3 Comp Sales +1.8% “Net sales decreased 0.4%. E-Commerce sales grew approximately 28% to $97.4 million, representing approximately 20% of net sales.” Press release

 

…Pier 1 names interim CEO over investor objections by Korri Kezar at Dallas Business Journal. “The company announced (Terry) London’s new position despite its largest active institutional shareholder questioning his ability to effectively lead Pier 1 and preserve shareholder value.” Read more | Press release

 

FREE SHIP REPEAT – Best Buy again unleashes two-day free shipping before holidays by Kavita Kumar at Star Tribune. “The expedited shipping, which (Best Buy) also offered in the final days of the last two holiday shopping seasons, will go live on Thursday and will run through 11:30 a.m. Wednesday, December 21, which is Best Buy’s deadline for orders to arrive in time for Christmas.” Read more

 

BEZOS MORE POWERFUL THAN MCMILLON (AND OBAMA) – Forbes: The World’s Most Powerful People 2016 (Bezos #14, McMillon #27, Cook #32) Top 74 list

 

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7-Eleven manager who exploited staff gets 4 years, Feds say by Robert E. Kessler at Newsday. “Citing court filings and evidence, prosecutors said Yousaf “acted as the chief manager of five 7-Eleven franchise stores during the course of the conspiracy, hired dozens of illegal aliens, equipped them with more than 20 identities stolen from United States citizens, housed them at residences his co-conspirators owned, and stole substantial portions of his workers’ wages.” Read more

 

A corporate Scrooge no more? Amazon’s philanthropy reshapes its reputation — to a point by Lisa Stiffler at GeekWire. Read more

 

The Man Behind ‘America’s Wine Superstore’ by Lettie Teague at Wall Street Journal. “Twenty-five years ago David Trone and his brother Robert opened a small wine shop in Claymont, Del. Today, the Trones preside over a $2.5 billion privately held retail empire based in Bethesda, Md., with 149 Total Wine & More stores in 20 states and plans to open many more next year. “It’s a great time to be in real estate,” said David Trone. Not to mention the wine business, if your name is Trone.” Read more (subscription)

 

How Unilever Reaches Rural Consumers in Emerging Markets by Vijay Mahajan at Harvard Business Review. “Hindustan Unilever Limited (HUL) pioneered the concept of training local women as rural sales agents who sell Unilever products door to door in their communities. As of 2015, the initiative had grown to 70,000 sales agents serving 165,000 Indian villages…In Pakistan, Unilever took the concept to a new level, training hundreds of village women as beauticians, working out of their homes.” Read more

 

CLASS ACT – Home Depot Employee Plays Role of Santa Claus to Replace Girl’s Lost Doll by Katie Kindelan at ABC News. “It just touched my heart to the point that I cried,” she said. “For him to take the time to go out a buy a doll and spend money and help my daughter, it’s not his responsibility but he went out of his way.” Manuele, the father of a 22-year-old daughter, purchased the new doll — a near replica of Katy — with his own money.” Read more/Video

 

TRUCK CAMERAS – Wal-Mart asks truckers to test in-cab cameras by Emma Hurt at Arkansas Online. “What sources inside the company have called a “soft pilot” program, both forward-facing and dual-view cameras will be used in several offices around the country. Dual views show the front and the inside of the cab.” Read more

 

GOLF BALL TRAVELS 10 YARDS FURTHER – Costco sold so many of its new Kirkland golf balls that it ran out of stock by Alex Myers at Golf Digest. “Even crazier? The current dearth of the product has created a secondary market. Forbes reports auction sites like eBay have listings of these golf balls selling for more than three times their sticker price ($14.99 for two dozen)…Before you laugh, these golf balls — which are USGA conforming and made by a third-party vendor in South Korea — have gotten great reviews. MyGolfSpy, for instance, gave the ball a 10 out of 10 rating.” Read more | Forbes article

 

Investors are pumping $25 million into millennial wedding registry startup Zola by Jason Del Rey at Recode. “Zola is on track to register $120 million in gross sales over the next year, but has spent only $10 million over three years to get there. The startup also runs a relatively lean operation for an e-commerce company of its size, with 52 employees. Ma said the company will probably add just 15 new employees over the next year.” Read more

 

PetSmart Opens 20 New Stores in Q3 Press release

 

105 YEARS LATER – It’s official: Marijuana is legal (again) in Massachusetts by Joshua Miller at Boston Globe. “Top leaders have discussed the prospect of delaying the opening of stores beyond the planned January 2018 date to give policy makers more time to get the implementation of legalization right.” Read more

 

Sobeys owner sees earnings slide 50 per cent as retailer races to cut costs by Hollie Shaw at Financial Post. “Clearly a very disappointing second quarter for fiscal 2017 reflecting the significant and ongoing challenges we have been experiencing in our business,” said François Vimard, who has served as interim CEO for the struggling retailer since Marc Poulin’s ouster in July.” Read more

 

BIGGEST NAMING RIGHTS DEAL IN HIGH SCHOOL SPORTS HISTORY – Academy Sports pays $2.5M for naming rights of high school sports complex by Jack Witthaus at Houston Business Journal. Read more

 

TOO TIRED TO RUN – Under Armour claims new sneakers can prevent injury by Lisa Fickenscher at NY Post. “Both Nike and Adidas have chip-enabled shoes that measure distance, time and speed, but the Under Armour’s so-called Record Equipped footwear is the first to measure your body’s readiness for exercise.” Read more

 

Canine staffer at Regina Lowe’s store passes away by Alexa Huffman & Christa Dao at Global News. “A service dog who received international attention after the company hired him and his owner, Owen Lima, has passed away. According to Lima, it’s been a tough week for his family as he had to put down his best friend, Blue. “I bawled my head off when Blue was put down,” he remembered.” Read more/Video

 

Tipsheet Extra Stories

P&G employees won’t get a live turkey this year, but here’s what they can expect

Former pro wrestler body-slams robber in Florida C-store

Jimmy Haslam deposed in aviation hangar in connection with Pilot Flying J lawsuit

New b8ta store in Seattle’s University Village gives smaller tech companies their own Apple Store

One in 16 mothers infected with Zika while pregnant deliver a baby with a birth defect

Target employee accused of video recording boy in store bathroom

CVS selects Kansas City for new DC and 360 jobs

Tipsheet Extra Stories

 

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AirPods are now up for sale on Apple’s site, will start arriving just before Christmas by Brian Heater at TechCrunch. Read more

 

Kroger & Fred’s poised to buy Walgreens/Rite Aid stores by Steve Watkins at Cincinnati Business Courier. “A real estate executive told CTFN that Kroger is in line to buy some of the stores while discount pharmacy chain Fred’s is set to buy what that person called a “substantial” number of stores. Two private-equity firms also are likely to buy some stores, according to CTFN.” Read more

 

Lowe’s Canada to convert 40 Rona big-box stores next year, but says brand still staying via Financial Post. “The chain will have four types of stores — Lowe’s big box locations, large Reno-Depot stores mainly in Quebec, medium-sized Rona stores and small Ace hardware stores. Lowe’s is set to introduce a new prototype for Rona stores next year with four new stores and the overhaul of nine locations.” Read more | Press release

 

How Walmart Is Dealing With the Last-Minute Christmas Frenzy by Phil Wahba at Fortune. “Walmart said on Tuesday that shoppers would be able to order an item on walmart.com as late as 6 p.m. on December 23 and retrieve it at the Walmart Supercenter of their choice anytime on Christmas Eve. While Walmart has been offering in-store pick up for several years now, this is first year the retailer is pushing the service this hard.” Read more

 

Amazon goes on an email blitz this holiday season by Zak Stambor at Internet Retailer. “Amazon sent out 56% more email campaigns from Nov. 29-Dec. 10 than it did last year, according to data released today by digital marketing vendor eDataSource.” Read more

 

Plans to build Cabela’s in Kansas City area reportedly put on hold at Fox 4 KC. Video / Read more

 

Analyst: Donald Trump Could Go After Walmart Next by Madeline Farber at Fortune. “An easy target for him are those companies that are holding down the hours of their part-time employees to avoid paying them benefits,” Malone said.” Read more

 

Claire’s Q3 Comp Sales -1.6% Press release

 

What Amazon’s private label men’s shirts might tell us about the company’s future by Sarah Halzack at Washington Post. “Peruse the product pages for Buttoned Down shirts, and it is instantly clear that Amazon is trying to position them as premium products. Buttoned Down is not vying for shoppers who buy their clothes from general merchants such as Walmart and Target, it is trying to compete for those who turn to the likes of Nordstrom.” Read more

 

Multicultural dolls a hit for Target and other retailers by Kavita Kumar at Star Tribune. “The appetite for the brand, said Mark Tritton, Target’s chief merchandising officer, is a testament to the diversity of the retailer’s customer base. “It reflects the multicultural nature of our guest,” he said. “Letting a girl find herself in a doll is really important.” Read more

 

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Family Video survives in the age of Netflix as customers continue to cruise aisles by Micah Mertes at Omaha World-Herald. “I think people like the interaction still,” he said. “I’m not saying that the video business is going to be here for another 20 years. I don’t think it’s going to be. But I do believe that it’s going to be here for five, 10, 15 years longer.” Read more

 

Amazon workers face losing their jobs if they are off sick for four days, undercover investigation reveals at Daily Mail. “The US web retailer is also under fire after it emerged that some staff are living in tents in freezing conditions close to one of its British distribution centers.” Read more / Tent pics

 

Walmart drivers strive for honor of relaying wreaths for vets’ graves by Jason Schreiber at New Hampshire Union Leader. “Some 41 Walmart distribution centers and 100 Walmart drivers from around the country are helping to transport the wreaths as part of a relay from Columbia Falls, Maine, to their final destinations.” Read more

 

Williams Sonoma closing Mall of America store by Mark Reilly at Minneapolis/St.Paul Business Journal. Read more

 

Amazon customers are warned of a scam email that aims to get their bank card details by Harry Pettit at Daily Mail. “Customers are invited to click on a link that appears to take them to the company’s website. But the link actually takes users to a fake, authentic-looking phishing site designed to look like an Amazon page.” Read more

 

Lidl acquires the site of an aged industrial building in Port Richmond for what may be the chain’s first location in Philadelphia by Jacob Adelman at Philly Inquirer. Read more

 

Kid who Visits Best Buy to Play the WiiU was Surprised by Best Buy Employees with his Very Own Console by Kathzie Pena Yambao at Newsline. Read more/Video

 

Watch Panasonic’s New ‘Robotic Checkout’ Bag Your Groceries by Joseph Hinckes at Fortune. Video/Read more

 

Nike creates team of experts to test limits of human potential and finally break 2-hour marathon barrier by Kurt Schlosser at GeekWire. “Nike has enlisted three “elite athletes,” as it calls them, in Eliud Kipchoge of Kenya, Lelisa Desisa of Ethiopia and Zersenay Tadese of Eritrea. They are “perfectly equipped” and “bold enough” to take on the challenge.” Read more

 

Adidas puts a limited number of its 3D printed running shoes up for sale by Brian Heater at TechCrunch. “The 3D Runners will be made available through the shoemaker’s Confirmed app…Those who manage to score a pair for one-third of a thousand bucks will be able to pick them up from one of three locations: London, Tokyo and the fancy new flagship in New York City, starting December 15.” Read more

 

Tipsheet Extra Stories

Zoo Announces Orangutan is Pregnant… And Registered at Target for Baby Shower Gifts

Test predicts which children will grow up to be drain on society – when they are just three years old

Walmart removes ‘got retard?’ mugs from online store after flurry of complaints

Amazon delivery driver fired after trying to kick down customer’s door after complaining her dog bit him

Uber employees ‘helped ex-boyfriends stalk their ex-girlfriends and searched for trip information of celebrities such as Beyoncé’

This CEO Called out the Bottled Water Industry as the Biggest Scam Ever. Here’s What Happened Next

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Fmr. Walmart US CEO Bill Simon Betting on Trump to Cure ‘Ailing’ Economy by Julia Limitone at Fox Business. “Four percent GDP growth … will cure a lot of what ails this country,” he said, adding that Trump’s promise to revive the U.S. manufacturing industry and create jobs is “really exciting.” Video / Read more

 

Home Depot co-founder Arthur Blank says ex-CEO Nardelli had ‘huge negative effect’ on company by Phil W. Hudson at Atlanta Business Chronicle. “Without being personal about it, let’s just say [Nardelli’s] management style had a huge negative effect on the company: on the associates, on our customers, our brand, our share price, virtually everything could not have gone worse under his leadership,” he said. “And thank heavens… when they got rid of Nardelli they promoted Frank Blake.” Read more

 

Ulta Beauty CEO Mary Dillon Appears on CBS This Morning 4:36 video

 

How Big-Box Retailers Weaponize Old Stores by Shannon Pettypiece at Bloomberg. “Tucked away on the northern edge of Michigan’s rugged Upper Peninsula, Sault Ste. Marie is bracing for the battle of its life. The tourist town is heading to court in early 2017 to fight Walmart Stores, which seeks to cut $286,000 off its annual property tax bill on a local store. Using what critics call the “dark store loophole”… Read more

 

Restoration Hardware Q3 Comp Revenue -6.0% “Gary Friedman: “We are lowering our outlook for fiscal 2016 net revenues and adjusted EPS based on trends to-date during the fourth quarter. First, our business in November was below our expectations, which we largely attribute to consumer softness related to the US election and our Fall 2016 Source Books getting in homes later than planned.” Press release

 

Former GNC exec, Mark Wahlberg launch new product line by Tim Schooley at Pittsburgh Business Times. “The new venture builds on the established relationship Dowd had with Wahlberg, the well-known rapper, actor and businessman, when he was working on his celebrity partner’s branded product sold at GNC, where he’s worked for years as chief merchandising officer.” Read more

 

Ex-Amazon star finds new e-commerce success in company’s backyard with Mondelez by Kurt Schlosser at GeekWire. “I was recruited by Mondelez to come start their e-commerce business for food and grocery and snacks and such” (Neil) Ackerman said…The Mondelez office, now located in downtown Bellevue’s Key Center, started with Ackerman by himself and has grown to 15 people.” Read more

 

Samsung may permanently disable Galaxy Note 7 phones in the US as soon as next week by Jacob Kastrenakes at The Verge. “According to an image obtained by The Verge, an alert went out to at least one Note 7 owner on US Cellular today stating that, “As of December 15th, Samsung will modify the software to prevent the Galaxy Note 7 from charging. The phone will no longer work.” Read more

 

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Portland votes to tax companies whose CEOs make more than 100 times the median employee pay at Portland Tribune. Read more

 

…The new rule could affect more than 500 publicly traded companies that do business in Portland including Walmart by Polina Marinova at Fortune. Read more

 

TEARS OF JOY- People flew from Washington, New York & Oklahoma to visit black Santa at Mall of America by Tad Vezner at Pioneer Press.  “People were crying and emotional, and I was very humbled by that,” he said. “One lady called, said ‘I’m bringing my baby.’ The owner asked, ‘Where are you?’ She said Arizona. I just thought that was incredible. Incredible.” Read more

 

Shoppers aren’t buying on Pinterest as much as Macy’s expected by Zak Stambor at Internet Retailer. “Customer adoption of buyable pins has been slower than we anticipated,” says Serena Potter, group vice president of digital media strategy at (Macy’s)…“There’s still a lot of Pinterest users who don’t understand how they work.” Read more

 

Coach Throws Itself a Mind-Blowing 75th Birthday Bash by Brian Sozzi at The Street. “Actually, make that a crowd of fashion elite (and fashion wannabes) the size of a rock concert packed out in an old warehouse by the water in New York City. Coach’s musically loud birthday bash…was nothing short of over-the-top featuring various props such as vintage American cars, hanging electric dinosaurs and outposts that looked straight out of a old Western movie set. And yes, there was top shelf liquor (but sadly, no food).” Read more

 

45 pilots for Amazon carrier contractor picket Seattle HQ by Daniel Demay at Seattle PI. Pics / Read more

 

THIS IS HOME – Woman won’t sell home so Walmart builds Supercenter around it by Troy Kless at KBMT. “I like this house because especially my youngest son grew up here, my little grandbabies started coming around here. You know, 25 years can hold a lot of memories” Whitmire said.” Video / Read more

 

Food Lion expands its home-delivery footprint to 24 new zip codes in Charlotte market by Jennifer Thomas at Charlotte Business Journal. Read more

 

J.D.Power: Publix Pharmacy ranked “Highest in Customer Satisfaction with Supermarket Pharmacies, Eight out of the Last Ten Years” Press release 

 

Suspect arrested after Wal-Mart semi leads authorities on chase across Spokane by Chad Sokol at The Spokesman-Review. “Nikole Behne was picking out clothes for a date at a nearby sushi restaurant when she heard a loud noise. “And then I smelled burning rubber and looked out the window, and there was a truck in my yard,” she said. “We have two little girls that love to play in the yard, so luckily they weren’t out here when this happened.” Pics/ Read more

 

Lawsuit claims elderly man died after Walgreens employees made him mop bathroom at Fox News. “The suit claims that on Oct. 15, 2012, Fernando Elizarraras made a routine visit to the Walgreens, located on Landstar Boulevard, but when he tried to leave, employees escorted him back to the bathroom to clean up his alleged mess…His family claims in the suit that the forced chore caused Fernando Elizarraras to feel “humiliated, disgraced and injured in his feelings, emotionally and mentally,” directly leading to his death.” Read more

 

Tipsheet Extra Stories

Apple CEO to deliver MIT’s 2017 commencement speech

Target employees call cops after being asked on social media to commit fraud

Ex-Hershey Foods CEO wants to get into gummi candy business

Theranos’ email gaffe accidentally outs investors, including reps from the Walton family

New Nordstrom mobile chatbot is ready to help shoppers find the perfect holiday gift

Forget Kobe Beef: These Are the Cult Steaks Everybody Wants Right Now

Amazon Inserts Its Own ‘Man of the Year’ Issue in Time

Pantone’s Color of the Year Is Greenery

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Pinterest Snags Former Walmart Head of Marketing by George Slefo at Ad Age. “Pinterest has tapped Brian Monahan as its new head of vertical strategy, the company said Wednesday. Mr. Monahan previously was head of marketing at Walmart and recently left to focus on his company, NewCo.” Read more

 

American Apparel warns 3,500 Southern California workers of possible layoffs by Shan Li at LA Times. “It’s a big number,” said Craig Johnson, president of consumer research firm Customer Growth Partners. “There are not a ton of U.S. large-scale apparel manufacturers left.” Read more

 

Prime Air pilots to protest outside Amazon’s Seattle HQ for better working conditions from carriers by Nat Levy at GeekWire. “A group of pilots that fly Amazon’s Prime Air delivery jets will land in Seattle Wednesday to protest short-staffing and what they say are sub-standard working conditions at the airlines contracting with the online retail giant.” Read more

 

Costco CFO tells Mercer Island Chamber about company’s history, philosophy by Katie Metzger at Mercer Island Reporter. “Galanti said that the company also has a great work culture and a sense of humor. He showed the Chamber a clip from the popular TV show “Modern Family,” in which characters Mitch and Cam take a trip to Costco, looking for diapers but finding much more. Cam likens himself to the store at the end of the clip, saying, “I’m sort of like Costco. I’m big, I’m not fancy and I dare you to not like me.” Read more

 

Kroger officer who led ClickList development to retire by Steve Watkins at Cincinnati Business Courier. “Chief digital officer Kevin Dougherty will retire Jan. 27…Kroger named Yael Cosset, who is chief commercial officer and chief information officer at Kroger’s 84.51 data analysis subsidiary, to replace Dougherty when he retires.” Read more

 

Dollarama Q3 Comp Sales +5.1% Press release

 

Makers of Snuggie Blanket and Seen-on-TV Products Sue Amazon via Fortune. “…accusing the Internet retailer of trademark infringement for letting an “astronomical” number of counterfeit products to be sold through its website.” Read more

 

Neiman Marcus digitizes beauty demonstrations via Memory Mirror counters at Luxury Daily. “The Memory Makeover provides consumers with a video of the counter experience and make-up application session. The video created then serves as a tutorialized resource for recreating the beauty look at home.” Read more

 

Apple is still thinking about replacing ‘everything in your wallet’, says Apple Pay boss by Dan Frommer Recode. “Bailey wouldn’t elaborate on plans to digitize forms of identification, such as drivers licenses…Bailey did want to talk about transit, especially in Japan, where the company recently launched Apple Pay support for the country’s native Suica transit and payments system. More than a million customers are already active on Apple Pay there.” Read more

 

…Apple Pay is now accepted at 35% of U.S. merchants at Fast Company. “Apple Pay was only accepted at 4% of merchants just two years ago. Bailey said one of the reasons for the rise of Apple Pay is because people have been annoyed by the new EMV chip cards.” Read more

 

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Whole Foods Market Serves Up Top 10 Trends for 2017 Press release

 

HEB Grocery gets accreditation to expand pharmacy services across Texas by W.Scott Bailey. “…HEB Specialty Pharmacy can now expand its scope to address patients with health issues such as auto-immune, Hepatitis C, multiple sclerosis and oncological diseases.” Read more

 

Starbucks Sets 5-Year Growth Targets, to Open 12,000 Stores at Fox Business. “Starbucks set an annual revenue growth target of 10 percent and profit growth target of 15-20 percent for the next five years, and the coffee chain said it planned to open 12,000 stores globally by 2021.” Read more

 

Staples to sell controlling stake in European unit to Cerberus at Reuters. “Staples’ European unit consists of retail, contract and online businesses in 16 countries, generating aggregate annual sales of about 1.7 billion euros ($1.82 billion).” Read more

 

New IRI Study Reveals Cross-Generational Interest in Adult Beverages “40 percent of buyers walk into the store undecided on what product to purchase. Of the 60 percent who do have a planned beverage purchase, 21 percent end up changing their mind in store, and 50 percent of those who changed their mind ultimately buy a different brand than they originally intended.” Press release

 

Amazon Announces Best-Selling Books of 2016 Press release

 

Adobe: All but one day so far this holiday season has produced $1 billion in online sales in the U.S. by Matt Linder at Internet Retailer. Read more

 

Tiffany puts a spotlight on art in the contemporary space by Brielle Jaekel at Luxury Daily. “The jeweler has collected a group of experts in the art industry to give their insights on art and what it means in the modern age. The first episode of New Ways of Seeing titled “Art Contains Multitudes” touches on different thoughts in the art world.” Read more

 

Tipsheet Extra Stories

Target to Host Quiet Holiday Shopping Event for Kids with Autism

Dollar General, Walmart Even in Kantar Opening Price Point Study

Groupon co-founder Eric Lefkofsky finds buyer for sprawling mansion (pics)

Starbucks courts millennials with $10 coffee at new Reserve bars

Apple Says Its iPhone 6s Battery Bug Extends Further Than It First Thought

Researchers discover backdoor accounts in more than 80 different Sony cameras 

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