Tipsheet: Wmart/CVS Execs Iviewed for Uber #2 | Amazon +23% | Toy Fad | Apple Money-Transfer Service?

 

Uber interviewed Karenann Terrell, former CIO of Walmart and Helena Foulkes of CVS for No. 2 position by Greg Bensinger, Betsy Morris & Georgia Wells at Wall Street Journal. “Uber is also seeking prospects with experience in fields with complicated labor and operational structures, such as airlines, said people briefed on the search. Ms. Foulkes and Mr. Staggs are no longer in discussions with Uber, said people familiar with the talks. It isn’t clear who, if anyone, is on a short list.” Read more (subs.)

 

Amazon’s 1Q Kills It, Retail Sales & The Cloud Spike Shares at Fox Business. “The company’s total net sales rose 22.6 percent to $35.71 billion in the quarter ended March 31, compared with the average analyst estimate of $35.30 billion.” Read more | Press release

 

…Amazon Prime Revenue Up Nearly 50% In The Past Year by Leena Rao at Fortune. Read more

 

…Amazon surpasses 350,000 employees, up 43% from last year by Taylor Soper at GeekWire. “Just five years ago at this time, Amazon employed 65,600 people.” Read more

 

Apple reportedly in talks to launch a money-transfer service by Jason Del Rey at Recode. “One source familiar with the plans told Recode they expect the company to announce the new service later this year. Another cautioned that an announcement and launch date may not yet be set. Apple previously held talks with banks about such a service back in 2015 but did not end up launching anything.” Read more

 

Wal-Mart de Mexico Posts Moderate Profit Growth by Anthony Harrup at Wall Street Journal. “…most of the sales growth in the quarter came from same-store sales, which increased 4.1% in Mexico and 2.1% in Central America.” Read more (subs.) 

 

Fast fashion is taking out traditional retailers, now one CEO is bringing the model upscale by Krystina Gustafson at CNBC. “Whereas outgoing Ralph Lauren CEO Stefan Larsson aimed to cut the company’s lead times from 15 months to nine months, Xcel CEO Bob D’Loren has whittled his team’s process down to six weeks.” Read more

 

Starbucks’ New CEO Raises Alarm About Retail Disruption by John Kell at Fortune. “Kevin Johnson minced no words when he kicked off his first quarterly results presentation as the chief executive of Starbucks…He specifically referenced a recent Wall Street Journal story that said through April 6, physical store closures have been announced for 2,880 locations this year.” Read more

 

The Most Attractive Employers For Business Students In 2017 (Amazon #5) at Forbes. Gallery list 

 

Facebook and Google Were Victims of $100M Payment Scam by Jeff John Roberts at Fortune. “When the Justice Department announced the arrest last month of a man who allegedly swindled more than $100 million from two U.S. tech giants, the news came wrapped in a mystery. The agency didn’t say who was robbed…The mystery is now unraveled.” Read more

 

**A message from Lock-it Block-it – Shut out burglars – not the summer breeze! The Lock-it Block-it is a high-impact security bar that allows windows to stay open AND secure at the same time. 13 adjustment holes allow for inch-by-inch opening adjustments. Great for sliding doors/windows too! Video | Sell sheet | Retailers request samples: info@shiftmarketinggroup.net

 

Lowes Foods exec shares how company transformed its brand by Lillia Callum-Penson at Greenville Online. “The changes began with door to door research. A company team met with 120 customers over a two week span. The results were eye-opening, George said. “We talked to real human beings that really didn’t have anything good to say about Lowes Foods,” George said. “We didn’t have a whole lot to lose.” Read more

 

E-commerce pushes UPS package volume 2.3% higher in the US for Q1 by Tracy Maple at Internet Retailer. Read more

 

Under Armour feels the ripple effects of wider retail turmoil by Sarah Halzack at Washington Post. “The shifting retail landscape is just one of a long and varied list of issues that has Under Armour playing defense right now. While the company’s stock popped more than 9 percent Thursday because of a profit loss that wasn’t as bad as investors expected, the stock has plummeted more than 50 percent over the past year.” Read more

 

Boxed Sees Narrow Inventory as an Edge by Spencer Soper at Bloomberg. “Boxed has spent tens of millions of dollars on a new automation system, launching this month, to triple the output of its 140,000-square-foot warehouse in Union, New Jersey, without needing more space or workers.” Read more/Video

 

DSW announces appointment of Michele Love as EVP & COO Press release

 

Amazon makes a ‘regional play’ with surprise Bellevue expansion by Nat Levy at GeekWire. “Chatter amongst the real estate scene has it that the new Bellevue office is not a one-off, and Amazon is looking for even more office space in downtown Bellevue and surrounding areas.” Read more

 

Williams Sonoma Launches Food Collaboration with Trisha Yearwood Press release

 

The hottest new toy fad is a spinning piece of plastic by Lisa Fickenscher at NY Post. “So-called fidget spinners, low-tech, low-price stress relieving toys, are a huge fad sweeping the country, and stores can’t keep them in stock, manufacturers and retailers told The Post on Thursday.” Read more

 

Tipsheet Extra Stories

Home Depot website exposed personal data: Consumer Reports

2nd Waffle House co-founder dies weeks after partner’s death

Stamp will use body heat to change images in celebration of Aug. 21 solar eclipse

5-Year-Old Lands Dream Job as a Walmart Greeter

Ayesha Curry Wants to Be the Martha Stewart for Millennials

No picketing for Pixar? Why a writers’ strike won’t hobble animation studios

Read Tipsheet Extra Stories

 

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Eye on Retail Tipsheet is must-read material for 20,000+ retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Send story tips, press releases and advertising inquiries to info@eyeonretail.net

 

Website: www.eyeonretail.net

Tipsheet: HSN’s Grossman to W.Watchers | Costco Golf Balls Gone Again | Retail Levy Dead? | JCP Activist Target?

 

HSN CEO Mindy Grossman resigning to head Weight Watchers by Robert Trigaux at Tampa Bay Times. “Grossman’s resignation from HSN will be effective on May 24. She will not stand for election to the board of directors…HSN has retained a national search firm to assist with the search for a successor that will include both internal and external candidates.” Read more | Press release

 

LOBBYING PAYS DIVIDENDS – Retail stocks move higher after Mnuchin shoots down controversial tax proposal by Krystina Gustafson at CNBC. “It appears that the White House heard the industry’s complaints. “We don’t think it works in its current form, and we’re going to continue to have discussions with them about revisions,” Mnuchin said Wednesday.” Read more

 

Under Armour shares rose 9.1% in Thursday premarket trading after Q1 earnings beat estimates at MarketWatch. Read more

 

Costco’s Kirkland golf balls return online, immediately runs out of stock by Joel Beall at Golf Digest. “Costco released a quiet rollout of the product Tuesday, giving the hungry masses another shot at the sought-after four-piece ball. So much for the reserved return. By Wednesday morning, the Signature’s product page had an “out of stock” disclaimer.” Read more

 

Tractor Supply Q1 Comp Sales -2.2% “The comparable store sales results included decreases in comparable transaction count and average ticket of 1.4% and 0.9%, respectively.” Press release

 

Walmart Cuts Prices on Domestic Money Transfers “Also, beginning in May, Walmart and American Express will introduce the Bluebird2Walmart Money Transfer Service, which allows account holders of Bluebird – a checking and debit alternative – to digitally send money for cash pickup at Walmart store locations.” Press release

 

Amazon’s new $200 Alexa device will give you advice on your outfits by Jason Del Rey at Recode. “On Wednesday, Amazon introduced its latest Alexa-powered device, a gadget with a built-in camera that is being marketed as a way to photograph, organize and get recommendations on outfits.” Read more

 

Hibbett Sports Q1 Update – Comp sales expected to decrease by approximately 4%-5% Press release

 

J.C. Penney Expands Sephora Beauty Shops As It Plays Down Apparel by Barbara Thau at Forbes. “…will launch Sephora beauty shops in 70 stores as it expands 32 existing locations, bringing Sephoras to 650 of its 1,000-plus stores by the end of 2017.” Read more

 

**A message from PaintPincher – Never Waste Paint Again! The PaintPincher is an ingenious 8-in-1 paint can spatula that recovers paint, stain, adhesives and more from gallon and quart cans, leaving them 99.9% clean. The PaintPincher is great for Pro and DIY painters and can save up to a cup of paint per gallon! Video | Website | Request sample: info@shiftmarketinggroup.net

 

From Diapers to Soda, Big Brands Feel Pinch as Consumers Pull Back by Sharon Terlep & Annie Gasparro at Wall Street Journal. “The 20 largest consumer packaged-goods companies last year had flat sales while smaller ones posted sales growth of 2.4%, Nielsen says. There are “probably more sources of volatility today than at any other time in history,” P&G Chief Financial Officer Jon Moeller said Wednesday in a call with reporters.” Read more (subs.)

 

Fastest Retailer Websites – April (Walgreens #1, Kohl’s #8, H.Depot #10) by April Berthene at Internet Retailer. Top 10 list

 

Sears Canada eyes groceries and dash buttons amid transformation at Financial Post. “Executive chairman Brandon Stranzl said Wednesday he expects three to five locations where Sears will give some space to a partner grocer to be finalized by the end of this year, including two in Ontario and one in B.C. “Kind of like Whole Foods at a Joe Fresh price,” he said, explaining that shoppers should expect fresh food at a reasonable price.” Read more

 

Build-A-Bear Q1 Comp Sales -8.1% Press release

 

MICHIGAN AVENUE 2019 – Starbucks announces biggest Reserve Roastery to date – a 4-story coffee palace by Peter Frost & Todd J. Behme at Chicago Crain’s. “The Roastery will employ “hundreds” and occupy the entire building on the southwest corner of Michigan Avenue and Erie Street, which has been occupied by Crate & Barrel for 27 years.” Read more

 

These 10 retailers could be next on activist investors’ hit list (JCP #3, Crocs #7) by Krystina Gustafson at CNBC. Top 10 list

 

FIFTH CEO IN FOUR YEARS – Barnes & Noble Names Demos Parneros as Chief Executive by Jeffrey A. Trachtenberg. “Mr. Parneros is being elevated from chief operating officer, a position he had assumed at Barnes & Noble in November. A veteran retailer who previously spent nearly 30 years at Staples Inc., he faces numerous challenges at the bookstore chain.” Read more (subs.)

 

O’Reilly Auto Parts Q1 Comp Sales +0.8% Press release

 

Kit and Ace lays off some Vancouver head office staff, closes stores at Vancouver Sun. “Kit and Ace, the clothing company started by the family of Lululemon founder Chip Wilson, is laying off a number of its head office staff and closing stores in three countries.” Read more

 

John Legend Singing About Costco Is the Sexiest Thing You’ve Ever Heard by Samantha Schnurr at E News. “Honey, I’m running out to the Costco,” he crooned. “There’s no such thing as too many paper towels.” Video/Read more

 

Tipsheet Extra Stories

Seattle called ‘ultimate target’ for North Korean nuclear attack

Supplier severs ties with Chewy following PetSmart buyout

Police round up 40 snakes dumped in Arkansas Walmart parking lot

Man admits to slashing tires after Menards clerk rejected return

Man steals from Walmart, runs from police, dies in fall off cliff

Vendor sues Kraft Heinz over upside-down bottle caps

Feds host online meeting today to discuss Walmart in rare forest

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Eye on Retail Tipsheet is must-read material for 20,000+ retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Send story tips, press releases and advertising inquiries to info@eyeonretail.net

 

Website: www.eyeonretail.net

 

Tipsheet: Apple Store Makeover | Target Remodels @ Dallas | J. Crew Cuts 250 |

 

Costco to Return $3.1 Billion to Investors With Special Dividend by Matthew Boyle at Bloomberg. “The $7-a-share distribution will be funded primarily from additional borrowings, the company said on Tuesday.” Read more

 

Apple stores set for global makeover, addition of new educational programming by Nat Levy at GeekWire. “Changes at stores will include new screens, trees and other landscaping and spaces set aside for meetings and classes. The famous Genius Bar is getting a makeover as well. It will be called Genius Grove, and it will have staffers specializing in things like music and photography.” Read more

 

…Angela Ahrendts, Apple’s SVP of retail, appeared on CBS This Morning Tuesday and outlined the changes Video/Read more

 

PRIME +38% – Amazon Prime Now Has 80 Million Members by Leena Rao at Fortune. “…has doubled in size over the past two years…according to new data released Tuesday by research firm Consumer Intelligence Research Partners. That number is up 38% from last year, when the firm estimated that Amazon had 58 million Prime members.” Read more

 

TARGET REMODELS – See inside the $220M in remodels in Dallas by Korri Kezar at Dallas Business Journal. “Among the new features to be unveiled in Target’s local stores are better displays in its apparel, home and beauty departments; grocery improvements like new fixtures, floors and lighting, as well as presenting products together as meal options.” Read more/Pics

 

RITE AID REPORTS – Same store sales for Q4 decreased 3.0% over the prior year, consisting of a 4.3% decrease in pharmacy sales and a 0.3% decrease in front-end sales Press release

 

SUPERVALU REPORTS – Q4 Wholesale net sales were $1.79 billion…an increase of 3.0 percent…Q4 Retail net sales were $1.07 billion…a decrease of 3.2 percent. The net sales decrease reflects negative identical store sales of 5.8 percent.” Press release

 

Median age of Walmart’s board of directors falls below 55 – Marissa Mayer paid $266,808 by Kim Souza at The City Wire. See Board salaries/Read more

 

Q&A: Ex-Walgreens CEO launches start-up tech venture by Nathan Bomey at USA Today. Q&A

 

TOO CHEAP BEER – Beer at Target’s Fenway store was too cheap, state says by Dan Adams at Boston Globe. “A Target spokeswoman suggested the low price was an unintentional error and said the company’s stores “work to comply with all state guidelines on liquor pricing.” Read more

 

**A message from Lock-it Block-it – Get rid of the window stick! It’s time to retire the ugly wooden sticks sitting in window tracks around the world. They fall out, require measuring and cutting and don’t adjust up or down. The Lock-it Block-it is a high-impact security bar that allows windows to stay open AND secure at the same time. 13 adjustment holes allow for inch-by-inch opening adjustments. Great for sliding doors/windows too! Video | Sell Sheet | Retailers request samples: info@shiftmarketinggroup.net

 

J.Crew to cut 250 jobs in reorg by Katie Little at CNBC. “As part of the reorganization, J.Crew COO and CFO Michael Nicholson will take on additional responsibility in planning and allocation, merchandising, marketing and design functions. Meanwhile, J.Crew named Lisa Greenwald, who will become the Chief Merchandising Officer, a position that reports to Nicholson.” Read more

 

Metro Inc’s surging profit beats expectations as cost controls pay off by Hollie Shaw at Financial Post. “Revenue nudged up 0.7 per cent to $2.9-billion…Same-store sales…rose 0.3 per cent.” Read more | Press release

 

PRIORITIES – Hobby Lobby CEO: Won’t See A Penny of $4.6 Billion Dollar Biz by Julia Limitone at Fox Business. “We see the business as a tree that’s owned by God and we get the fruits, so we see ourselves only as the stewards. So, we’ve all signed off that we will not get one penny from the asset or the value of the tree,” he said, adding that income generated is “ploughed back in to grow the company.” Video/Read more

 

Amazon Expands Prime Free One-Day Delivery to Calgary and Edmonton Press release

 

FIRST WORLD PROBLEMS – Busted electric car charging stations at Whole Foods causing outrage by Max Jaeger & Jennifer Bain at NY Post. “It shouldn’t take an A-lister’s outrage to get the stations fixed, said one shopper. “It is annoying that these are broken. Especially when you come spend your paycheck here,” sniffed Angel Jimenez, 31. “Come on guys.” Read more

 

SAD TUNE – Will Guitar Center be overwhelmed by its debt? by Ciarra Linnane at MarketWatch. Read more

 

Boston Dynamics has been using its robot ‘dog’ to deliver packages in Boston by April Glaser at Recode. “We’ve been taking our robot to our employees’ homes to see whether we could get in the various access ways,” said Raibert onstage at TED. “We’re doing very well — about 70 percent of the way.” Read more

 

You’re more likely to buy from your phone when you’re commuting by Anindya Ghose at Recode. “Because crowding is often associated with negative emotions such as anxiety and risk-avoidance, the findings reveal a positive aspect of crowding: Mobile ads can be a welcome relief in a crowded subway environment.” Read more

 

DANGEROUS DELIVERY – Water a rare commodity in Mexico City by Yussel Gonzalez at Yahoo. “Emilio Santos explained his dangerous job as he made his (water) deliveries. Sometimes, when a neighborhood has gone days without water, “people climb up on the truck with sticks and stones” to force him to deliver to their street first, he said. In some cases, such attackers have carried guns. Police now escort trucks along the most dangerous routes.” Read more

 

Albertsons Appoints Geoff White President, Own Brands Press release

 

Mushroom supplier registers company name ‘Aldi Home Deliveries’ at The Sydney Morning Herald. “David Collins admits it was cheeky to register the name without the German discount supermarket’s permission. But the CEO and owner of Country Fresh Mushrooms, and self-described “master of exotic mushrooms”, said he wanted to strike a deal with Aldi to do its home deliveries.” Read more

 

‘Star Wars: Episode IX’ Sets Release Date of May 24, 2019 – Disney pushes back the release of the next ‘Indiana Jones’ a year to make room for ‘The Lion King,’ while ‘Frozen 2’ will hit theaters in November 2019 at Hollywood Reporter. Read more

 

Tipsheet Extra Stories

Nordstrom’s New Jeans are Pre-Caked with Mud and Cost $425

Alibaba plans Detroit event to encourage U.S. companies to sell on its online China marketplaces

TV station sues pranksters who tricked their way onto morning show by pretending to be fitness experts

Ikea Responds Perfectly to Balenciaga’s $2,145 Version of Its 99 Cent Bag

Chipotle Says Its Payments System Was Hacked

Petco buys Spanish start-up for at least $10 million

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Eye on Retail Tipsheet is must-read material for 20,000+ retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Send story tips, press releases and advertising inquiries to info@eyeonretail.net

 

Website: www.eyeonretail.net

 

Tipsheet: L.L. Bean Orders Delayed | Amazon Furniture Push | Gander Mtn Suitor

 

Gander Mountain Said to Draw Sportsman’s Warehouse Interest by Jody Xu Klein & Steven Church at Bloomberg. “Sportsman’s Warehouse Holdings Inc. is planning to bid for as many as 80 percent of Gander Mountain’s stores, said the people, who asked not to be named because the discussions are private. Sportsman’s Warehouse is still deciding whether it would keep the Gander Mountain name on those locations or run them under its own brand, the people said.” Read more

 

Wayfair shares tumble amid report of Amazon furniture push by Anita Balakrishnan at CNBC. “Amazon representatives told a group of retailers on Monday that it hopes to allow furniture sellers that do not deliver nationwide to join the platform, according to a report in Furniture Today. Retailers could list their products on the platform with a menu of services options, like “white glove delivery,” as opposed to giving their products to third-party shippers, according to Furniture Today.” Read more

 

Fred’s Expands Board As FTC Decision Nears On Rite Aid by Bruce Japsen at Forbes. “…adding Steven B. Rossi, CEO of Digital First Media, and Timothy A. Barton, former CEO of Frightquote.com, to its board as part of a “cooperation agreement with Alden Global Capital, Fred’s largest shareholder.” Read more

 

Adweek’s 2017 Power List: Our Top 100 Leaders in Media, Marketing and Tech (Bezos #1, Lundgren, McMillon) by David Gianatasio at Adweek. Top 100 list

 

Wal-Mart’s Tech Incubator Hires Co-Founder of Rent the Runway by Matthew Boyle at Bloomberg. “Jennifer Fleiss, who stepped down from the online clothing-rental service earlier this year, will lead an outfit called Code Eight, which will develop “highly personalized, one-to-one shopping experiences”…Wal-Mart’s tech incubator, called Store No. 8, was launched in March to identify trends that are reshaping the shopping experience, including virtual reality, robotics and personalized shopping.” Read more

 

Flush with funding, Instacart accelerates US expansion by Lora Kolodny at TechCrunch. “According to the company’s vice president of product, Elliot Shmukler, the company is operating in 41 U.S. markets today and is launching into four new markets this week, including Detroit, Las Vegas, Columbus, Ohio and across Texas’ Rio Grande Valley. New customers in Texas and the Midwest will be able to try its Instacart Express membership free for one year, he said.” Read more

 

Albertsons explores bid for high-end grocer Whole Foods by James Fontanella-Khan at Financial Times via CNBC. “No formal bid has yet been made, according to both people briefed on the situation.” Read more

 

Nordstrom tucks a tux-rental site into several stores by Janet I. Tu at Seattle Times. “The Black Tux, a suit- and tuxedo-rental company that operates primarily online, this week opens a store-within-a-Nordstrom store at Alderwood mall, one of six such locations.” Read more

 

Kroger Names Kristal Howard New Head of Corporate Communications and Media Relations Press release

 

WALMART OPEN CALL INCLUDES ACQUISITIONS – Applications for ‘Open Call’ event accepted through May 18 by Kim Souza at Talk Business. “Cindi Marsiglio, vice president of Walmart U.S. manufacturing…said meetings will be held between category buyers and the prospective suppliers, but also attending will be category leaders from Moosejaw, Jet.com, ShoeBuy and ModCloth, as well as Sam’s Club.” Read more

 

**A message from Black Flag® – We take no prisoners. In the battle against indoor and outdoor pests, it’s every man for himself. Arm yourself with Black Flag insect and rodent controls. Our tough, no-nonsense formulas are packed with a powerful punch to make short work of home insect invaders. Whether you’re battling crawling, flying or stinging insects or fending off mice, when the flag flies, pests die. Let it Fly. How to protect your home with Sarge video | Facebook page

 

Kroger Names Colleen Lindholz President of Pharmacy and The Little Clinic Press release

 

L.L. Bean orders delayed after systems upgrade problem by J.Craig Anderson at Portland Press-Herald. “L.L. Bean Inc. is experiencing shipping delays of up to a week on some customer orders as a result of problems with a systems upgrade…has sent letters to some customers apologizing for the delays and offering a discount of 20 percent on a future order.” Read more

 

The 16 Best Companies To Work For In Fashion 2017 (Gap, Nordstrom, Warby Parker, H&M) at The Business of Fashion. List/Read more

 

Albertsons Promotes Jewel-Osco President Mike Withers to EVP, Retail Operations Press release

 

“CLEARLY THE BEGINNING OF THE END” – Marsh Supermarkets said to cut staff amid new round of closures by Mark Hamstra at Supermarket News. “Marsh Supermarkets has cut back sharply on its headquarters support staff, according to sources, indicating that the company will likely continue to shutter locations. In addition, many of its direct-store delivery (DSD) vendors are demanding cash on delivery (COD) at some of the remaining locations.” Read more

 

Mondelez’s marketing whiz Dana Anderson exits for MediaLink by Lewis Lazare at Chicago Business Journal. Read more

 

Retailers’ Call Centers Bring Life to Dead Mall Space by Esther Fung at Wall Street Journal. “A giant home-goods retailer is moving into an indoor mall in west of Orlando this summer, but it isn’t opening a store. Instead, Bed Bath & Beyond Inc. is leasing roughly 75,000 square feet at West Oaks Mall for a call center, taking up about a third of the space that was formerly occupied by a Belk department store.” Read more (subs.)

 

CANADA – Wholesale sales fell 0.2% in February vs. -1.0% expected at Toronto Star. “The personal and household goods subsector posted the largest decline in dollar terms in February as it fell 1.7 per cent to $8.3 billion. The food, beverage and tobacco subsector dropped 1.0 per cent to $11.0 billion, led by the food industry.” Read more

 

Home Depot back at #2 for radio spots at Media Monitors via 4-Traders. “In last week’s Media Monitors Radio Spot Ten report..The Home Depot held steady at No. 2 with 38,299 ads…Lowe’s dropped to No. 4 with 35,022 spots…AutoZone jumped up to No. 8 with 25,264 ads and JCPenney ascended to No. 9 airing 21,938 commercials. Staples climbed to No. 10 with 20,972 spots.” Read more

 

Ivanka’s line is quietly being sold under another name by David K. Li at NY Post. “Florida-based Stein Mart, with 290 stores in the South and Midwest, has been selling Ivanka’s goods with the label Adrienne Vittadini Studio, Business of Fashion reported on Monday.” Read more

 

Tipsheet Extra Stories

Harvard Business School’s annual contest for entrepreneurs is a case study unto itself

Nat’l Assoc of Chain Drug Stores names Walgreens’ Gourlay as chairman

Shocking moment 60 teenage girls start a huge brawl in a Florida mall

Writers Guild Members Vote for Strike Authorization With 96% Support

Nearly every retailer says this is how they’ll bring back traffic – few are truly delivering

Trump’s ‘Buy American’ policy is getting support from an unlikely place: A Chinese e-com giant

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Eye on Retail Tipsheet is must-read material for 20,000+ retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Send story tips, press releases and advertising inquiries to info@eyeonretail.net

 

Website: www.eyeonretail.net

 

Tipsheet: Macy’s CEO/Chairman @ CNBC | Target Boosts Lobbying | Lowe’s CEO Pay Decline

 

Wal-Mart ordered to pay Cuker Interactive more than $12 million over trade secrets at Talk Business. “The retailer began the litigation when it filed a breach of contract complaint against Cuker in 2014 regarding a contract to build the Asda website…Cuker in 2014 filed a counterclaim against Wal-Mart alleging the retailer swiped trade secrets and did not keep their end of the deal.” Read more

 

Macy’s new CEO plans to take on TJ Maxx by Krystina Gustafson at CNBC. “We hope that by the end of 2017, what we’re going to exit with is a viable off-price concept that is on-mall, not off-mall like our ferocious competitors,” Gennette told CNBC’s “Power Lunch.” Video/Read more

 

‘The Home Depot Backyard’ coming to Georgia Dome site by Amy Wenk at Atlanta Business Chronicle. 21 pics/Read more

 

Target, other retailers boost lobbying in border-tax battle by Ben Brody & Matt Townsend at Washington Post via Denver Post. “Target, Best Buy and Gap spent almost $3.2 million combined on lobbying during the quarter — up from $830,000 in the same period a year ago…Wal-Mart disclosed spending almost $2.2 million in the first quarter, an increase of $140,000 over the first quarter of 2016.” Read more

 

How In-Home Package Delivery Could Save E-Commerce by Daniel Terdiman at Fast Company. “It’s appropriate to use an analogy like Uber,” Johnson said, “where if I told you eight years ago that you’d have some 19-year-old in a Corolla pick you up, with no training, no skills, etc., and drive you to the airport. You’d say ‘No, thank you.’ I think there’s plenty of people who would say no way.” Read more

 

Sears to close 50 auto centers, 92 Kmart pharmacies to cut costs by Ally Marotti at Chicago Tribune. “The company also plans to eliminate senior management roles at Sears and Kmart, though it has not said how many.” Read more

 

Lowe’s CEO sees pay decline by Katherine Peralta at Charlotte Observer. “Robert Niblock made $12.67 million in 2016, down from $13.16 million in 2015.” Read more

 

DRINKING & SHOPPING – Mixing alcohol and shopping can be costly mistake by Chris Taylor at Reuters via Star Tribune. “A third of Americans admit to having shopped while under the influence…The average price tag of those drunk shopping sprees was a whopping $206…The most common…Clothes and shoes, bought by 39 percent of drunk shoppers…And who exactly is doing the drunk shopping? Millennials, apparently, 39 percent of whom cop to the practice. They are followed by Gen X at 36 percent, and then baby boomers, at 18 percent.” Read more

 

**A message from the Las Vegas Souvenir & Resort Gift Show – get ready for the nation’s largest souvenir show! We bring together 1,300+ booths filled with the latest introductions from every major souvenir and resort supplier, plus countless new resources. New for 2017, the show welcomes a Native American Pavilion, even more made in America products, new Boardwalk section and a special spotlight on Gourmet gifts. Look for new events and educational offerings, too . September 13-16, 2017. Register Now | Exhibitor List

 

Macy’s Lundgren says ‘great valuations’ are fueling retail’s appetite for M&A by Krystina Gustafson at CNBC. “We look all the time,” Lundgren, who ended his stint as CEO last month, told CNBC’s “Squawk on the Street.” “I think there’s some great valuations in stock prices of companies that are well funded and that look like they have a runway for success in the future.” Video/Read more

 

How Walmart Uses Data To Drive Disaster Relief by Dan Woods at Forbes. Read more

 

Home food delivery is hot, Schwan’s has done it for 65 years by Kristen Leigh Painter at Star Tribune. “When we get asked, ‘What are you going to do about all the new meal kits on the market?’ we say, ‘Celebrate them.’ They are talking about getting food delivered to your home that is easy to prepare, and that makes it easier for us to sell our story.” Read more

 

Inside China’s $43 Billion Bid for Food Security by Geoff Colvin at Fortune. “The danger is no longer that millions will starve, but rather that millions may rise up in anger if they can’t get, or can’t afford, the diet to which they’re growing accustomed. China must somehow meet the demands of this new normal by feeding 19% of the world’s people—and feeding them better every day—with just 7% of the world’s arable land.” Read more

 

Luxury Retailer Jimmy Choo Puts Itself Up For Sale at Fox Business. Read more

 

Amazon Probably Can’t Destroy Costco Because of One Incredibly Simple Advantage by Brian Sozzi at The Street. “The survey unearthed that 81% of respondents visit Costco for groceries. Results were consistent for both millennials and baby boomers. Meanwhile, gas – another defensive product-category – was the main reason for visiting Costco for 10% of respondents, with the food court and other at 9% combined.” Read more

 

Mother of 7 donates kidney to young Lowe’s co-worker by Earle Kimel at Herald-Tribune. “I said, heck, he can have one of mine,” Higbee said, with a laugh. “I have seven kids — if I need one, I can borrow one of theirs.” Read more

 

Tipsheet Extra Stories

Ex-Walgreens CEO launches venture to commercialize new technologies

Owl nests in Lowe’s store gets Do Not Touch sign

U.S. Retailers Face Growing Hostility From Suppliers

Ralph Lauren confirms it will lay off 100+ employees

Cheerleading has evolved into a billion-dollar business

A robot-delivery startup helped write state laws that are locking out competition

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Eye on Retail Tipsheet is must-read material for 20,000+ retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.

 

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Tipsheet: Target Chief Out | Petco Cleared | Lowe’s Loses | Lamar @ B.Buy

 

Time: 2017 Most Influential People Full list

 

Casey Carl, Target’s innovation chief, is leaving by Kavita Kumar at Star Tribune. “Cornell announced Carl’s departure, scheduled for May 5, in an e-mail to headquarters employees Thursday. He is one of the most senior among the several digital- or innovation-focused executives who have exited the Minneapolis-based retailer in the past year. Cornell said the retailer will search for a replacement who will help elevate Target’s core business, vet new business ventures and create new avenues of growth.” Read more

 

Wal-Mart gearing up for Lidl – suppliers warned of deeper price wars by Kim Souza at Talk Business. “Lidl’s entry in the U.S. is the single biggest threat to the grocery market in many years,” Paglia told Wal-Mart suppliers in Bentonville at the Doing Business in Bentonville breakfast on Thursday (April 20). ”Lidl has been massively disruptive in every market they have entered. They have a track record of 28 and 1 over the past 40 years.” Read more

 

Woolies wins Masters dispute with Lowe’s at Sydney Morning Herald. “As a consequence of today’s award, Woolworths will be able to conclude the proposed transaction with Home Consortium without the consent of Lowe’s, once the final valuation and share transfer processes have taken place,” the statement said.” Read more

 

99 Cents Only Stores Q4 Comp Sales +6.4% Press release

 

Walmart CEO Doug McMillon saw his pay jump 13% last year by Julia Horowitz at CNN Money. “The top executive’s pay rose nearly 13% to $22.4 million during the company’s fiscal year that ended on Jan. 31, according to a company filing. That’s up from $19.8 million the year prior.” Read more

 

…Wal-Mart top five execs earn more than $60 million in recent fiscal year by Kim Souza at Talk Business. “Brett Biggs, chief financial officer for Wal-Mart Stores, earned total compensation of $6.405 million last year…Greg Foran, CEO of Walmart U.S., saw his total compensation rise to $11.553 million last year…Walmart International CEO David Cheesewright earned $12.552 million last year, up from $10.171 million the year before.” Read more

 

…Lore gets $243.9 payout for Jet.com via CNBC. Read more

 

**A message from Lock-it Block-it – Shut out burglars – welcome the summer breeze! The Lock-it Block-it is a high-impact security bar that allows windows to stay open AND secure at the same time. 13 adjustment holes allow for inch-by-inch opening adjustments. Great for sliding doors/windows too! Video | Sell sheet. Retailers request samples: info@shiftmarketinggroup.net

 

New Nike pricing strategy worries analysts by Matthew Kish at Portland Business Journal. “…retailers can advertise 25 percent off anything.” Nike declined to confirm details or comment on specifics, but said in a statement the change to its minimum advertised price, or MAP, simplifies its account for retailers.” Read more

 

Foot Locker reports strong April sales by Fred Imbert at CNBC. “Encouragingly, we are now having a strong Easter selling period, with April comparable sales likely up low double digits.” Read more | Press release

 

Ralph Lauren still paying $70,000 daily rent at abandoned Fifth Avenue store by Lisa Fickenscher at NY Post. “That gives you a good indication of how poorly they were doing at that location that they are paying rent there on an empty space rather than stay open until they find a new tenant,” said one real estate expert, who did not want to be identified.” Read more

 

Amazon celebrates World Book Day with ‘free library’ by Angel Gonzalez at Seattle Times. “The event was part of a celebration, in 12 countries, by the e-commerce giant. The event was inspired by Catalonia’s feast of Sant Jordi, in which people give their loved ones a book and a rose.” Read more

 

Petco Cleared of Negligence In Death of 10-Year-Old Boy Who Contracted Rat-Bite Fever by Joseph Hincks at Fortune. Read more

 

Amazon’s growth on full display in greenhouse where exotic plants are raised for its Spheres by Kurt Schlosser at GeekWire. “On Thursday, Ron Gagliardo, the senior manager of horticultural services for The Spheres, and three members of his team, showed off the collection of trees, plants and flowers that they have amassed over the past three years from around the world.” Read more

 

Dick’s New Strategy Starts With Trail Runners and Triathletes by Eben Novy-Williams & Matt Townsend at Bloomberg. “Athletes don’t really dabble in these activities,” said SFIA Chief Executive Officer Tom Cove. “It is exactly these kind of ‘all in’ athletes that are most likely to spend increasing amounts of money to support that athletic pursuit.” Read more

 

Barneys New York Sets An Art-Filled Scene by Nick Remsen at Wall Street Journal. “The party, co-hosted by Barneys New York CEO Daniella Vitale, marked the debut of Afghani-British designer Osman Yousefzada’s 9-year-old label, called Osman, at the department store.” Read more (subs.)

 

Walmart India fined for ‘unstamped meat’ at Times of India. “Continuing its raids on eateries, the Greater Hyderabad Municipal Corporation on Thursday imposed a fine of 10,000 on a Walmart outlet for selling ‘unstamped meat’ in the city and warned it to dispose of the meat. A Walmart India spokesman later said they were “fully cooperating with the authorities and have shared all the required documents”. Read more

 

Kendrick Lamar Meets Thousands of Fans at Compton Best Buy at ABC 7. Video/Read more

 

Analyst: Kroger-Whole Foods combo could compete with Walmart by Steve Watkins at Cincinnati Business Courier. “Kroger has reached a crossroads in its strategy, as a decade-plus track record of share gains looks to be ending” he wrote.” Read more

 

CONFIRMED – Bebe Stores will Shutter all 175 Stores at Fox Business. Read more

 

Walmart delivers 3.5% discount vs. Amazon in core SKUs at The Street. “We analyzed the price impact across 400 plus of Walmart’s stock-keeping units (SKUs) tied into the move and found an average 3.5% discount, with bulkier/heavier-item categories exhibiting a tendency to have higher discounts,” Keybank analyst Ed Yruma wrote in a new on Thursday.” Read more

 

Home Depot CEO to attend Atlanta “green space” event on Friday by Scott Trubey at AJC. Read more

 

Tipsheet Extra Stories

Subway Shuts Hundreds of U.S. Stores

Baxter CEO joins Walgreens Boots Alliance board

Ex-Vikings coach has final garage sale, includes bobblehead in his likeness

Toy Company Sells Bears with ‘Limb Loss’

Juicero Offers All Customers a Refund

Amazon Books Plans New San Jose Location

The Blender Salesman You Ignore at Costco

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Eye on Retail Tipsheet is must-read material for 20,000+ retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.

 

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Contact us: Send story tips, press releases and advertising inquiries to info@eyeonretail.net

 

Website: www.eyeonretail.net

Tipsheet: Wmart Can. Layoffs | Harris Poll #1 Retailer | Loblaw Sells 213 C-Stores | CVS Facelift

 

Your Local CVS Drugstore Is About to Look Very Different by Phil Wahba at Fortune. “Take the new beauty sections being opened at 2,000 stores. New “trend wall” displays have been added to showcase new launches, make them stand out more within the store, and emphasize CVS’ exclusive brands. The druggist recently added an area to showcase Korean products to ride the surge in interest in skin care products from that country.” Read more

 

Walmart Canada laying off employees in store restructuring at CTV News. “Spokesman Alex Roberton would not disclose how many employees would lose their jobs. He denied a media report that 475 workers would be let go, saying the actual number is lower.” Read more

 

EBay’s second-quarter profit forecast falls short of estimates at Reuters. “Revenue rose 3.7 percent to $2.22 billion. Analysts on average had expected $2.21 billion.” Read more

 

Wayfair in the M&A spotlight at Seeking Alpha. “Wedbush analyst Seth Basham’s list of potential acquirers for Wayfair include Bed Bath & Beyond, Target, Wal-Mart, Home Depot, Lowe’s, Amazon and Steinhoff.  Another completely different take on Wayfair is offered up by noted short seller Andrew Left of Citron Research. Left maintains that the company has serious accounts payable issues.” Read more

 

J.C. Penney CEO visits founder’s hometown by Jenn Hall at News Press Now. “A sea of red shirts flooded the small town of Hamilton, Missouri, on Tuesday to celebrate the 115th anniversary of J.C. Penney stores. Dozens of employees from stores around the country joined the company’s top executives, including chairman and chief executive officer Marvin Ellison.” Read more

 

Amazon’s arrival sounds wake-up bell for Australia’s sleepy retailers by Byron Kaye at Reuters. “The announcement fires the starting gun on a new era of competition between bricks-and-mortar and online retail in the world’s 12th-largest economy, where 80 percent of the population live in cities and more than 90 percent have home internet.” Read more

 

…Welcome to Amazon’s Australian ground zero by Carolyn Cummins at Sydney Morning Herald. “…other industrial agents told Fairfax Media, “a deal has been done at Goodman’s Oakdale Estate”. Read more

 

2017 Harris Poll Top Retailers:

Department Store: Kohl’s

Electronics: Best Buy

Footwear: DSW

Hardware: Home Depot

Luxury: Nordstrom

Off-Price: TJ Maxx

Sporting Goods: Dick’s

Full EquiTrend rankings | Press release

 

Bloomingdale’s store clerks demand commissions for online sales by Julia Horowitz at CNN Money. “I am sure the company can work on a tracking system,” Connor said. “There’s technology for everything.” Read more

 

Is FTC set to fight Walgreens-Rite Aid combo? via Chicago Crain’s. “Capitol Forum, a trade publication, reported that the FTC was considering a lawsuit.” Read more

 

**A message from PaintPincher – Never Waste Paint Again! The PaintPincher is an ingenious 8-in-1 paint can spatula that recovers paint, stain, adhesives and more from gallon and quart cans, leaving them 99.9% clean. The PaintPincher is great for Pro and DIY painters and can save up to a cup of paint per gallon! Video | Website | Request sample: info@shiftmarketinggroup.net

 

Walmart Launches Project Gigaton to Reduce Emissions in Company’s Supply Chain Press release | via Fast Company

 

Loblaw is selling all 213 of its gas stations across Canada for $540 million at Toronto Star. “The 213 gas stations will be renamed under the Mobil fuel brand as a result of Brookfield’s agreement with Imperial Oil, which is the Canadian unit of Exxon Mobil.” Read more

 

Central Grocers will close 9 Ultra Foods stores, sell 22 Strack & Van Til sites by Greg Trotter at Chicago Tribune. Read more

 

Think running retail stores is more expensive than selling online? Think again. by Courtney Reagan at CNBC. Read more

 

Kroger shareholders targeted by lowball offer by Alexander Coolidge at Cincinnati Enquirer. “A Toronto-based firm, TRC Capital Corp., said it will buy up to 4 million shares for $28.70 each. The catch? Investors could sell the stock on the market for roughly $30 a share Wednesday afternoon in a regular trade.” Read more

 

Jenna Lyons refuses to talk about J.Crew at NY Post. “No questions about my job! No questions about J.Crew, OK!?” she declared on the “green carpet,” crossing her arms and shaking her head.” Read more

 

Albertsons Promotes Wayne Denningham to President & COO Press release

 

Wal-Mart’s Lore hires customer care executive from Citibank at Talk Business. “Rahul Joshi’s team includes: Deserie Delaney, customer care for Walmart.com, Eric Thompson, Operations – fraud and risk for Walmart.com, Laura Duke, returns experience at Walmart.com and Doug De Angelo, Jet member services.” Read more

 

Field Agent: Previewing the Competition between Lidl, Walmart, & Aldi (survey of 736 U.K. shoppers):

  • Lidl trails Aldi and Walmart’s Asda for the affection of U.K. shoppers
  • Shoppers like Asda’s product selection, yet they seem to prefer Lidl and Aldi’s prices/value
  • Lidl and Aldi are fairly similar in the minds of U.K. shoppers
  • Shoppers equate the two retailers’ prices and, to a lesser degree, their layouts/interiors, merchandise, product assortments, and store sizes Read more

 

Matt Kenseth Welcomes Circle K as New Sponsor by Kenny Bruce at Nascar. Read more

 

Tipsheet Extra Stories

Sam’s Club partners with Kansas City Barbecue Society on BBQ

Forbes: National Retailers Are Abandoning Small Town, USA

Wal-Mart is ‘poking the bear,’ says Barclays analyst

NYC Mayor de Blasio Proposes Raising Cigarette Pack Price to $13

Zara pulls denim skirt after ‘Pepe the Frog’ accusations

Fast Company’s World Changing Food Ideas Awards

Gap Upgraded On ‘Quality Casual’ Strategic Focus

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Eye on Retail Tipsheet is must-read material for 20,000+ retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Send story tips, press releases and advertising inquiries to info@eyeonretail.net

 

Website: www.eyeonretail.net

Tipsheet: Target Lab Saved @ 11th Hr | Sam’s +300 @ PL | Jet Cheaper than Chewy

 

Target is weighing options for Food + Future lab in Cambridge, Mass. by Kavita Kumar at Star Tribune. “The team running it has been looking for outside investors over the last couple months to take over the venture, which also includes a farm in Vermont. An offer surfaced at the 11th hour Tuesday as Target was preparing to shut it down, according to a source familiar with the matter.” Read more

 

PetSmart is acquiring Chewy.com for $3.35 billion in the largest e-commerce acquisition ever by Jason Del Rey at Recode. “The deal is a huge one by any standard — bigger than Walmart’s $3.3 billion deal for Jet.com last year — and especially for a retail company like PetSmart, which was itself valued at only $8.7 billion when private equity investors took it over in 2015.” Read more | Press release

 

Sam’s Club Launches Challenge to Costco’s Wine Business by Phil Wahba at Fortune. “Sam’s, which operates some 650 U.S. clubs, recently introduced an $8 Chardonnay from California’s central coast under its Member’s Mark store brand, and this year will start selling a Cabarnet from Napa Valley, a prosecco and a champagne under that label as part of an initiative announced on Wednesday.” Read more

 

…Sam’s Club shows off brand redo – adds 300 products to Member’s Mark label by Robbie Neiswanger at Northwest Arkansas Democrat Gazette. “The reinvention of Sam’s Club’s private label business was evident on the shelves as Chandra Holt, vice president of private brands, led a tour through the Bentonville club earlier this week…” Read more

 

Americans are spending more on their homes than their clothes by Lisa Fickenscher at NY Post. “Apparel thought it competed with apparel,” said Richard Kestenbaum, partner in Triangle Capital. “But now it turns out that apparel competes with great restaurants and weekends away” — and a new barbecue pit.” Read more

 

Retailers look past apps to the next frontier of digital shopping: Chatbots by Sarah Halzack at Washington Post. “FreshDirect said its foray into chatbots in part reflected the changing reality of how customers use their smartphones. “We know that asking someone to download an app, it’s a hard thing to do now,” said Lisa Kolodny, FreshDirect’s vice president of brand marketing and communications.” Read more

 

Underwater warehouses? Amazon’s aquatic fulfillment centers could make it so by Alan Boyle at GeekWire. “Packages could be dropped from the air, parachute down to the water, and then sink to a specific water level based on its density. When it’s time to select a package for delivery, a coded series of acoustic tones could be beamed through the water.” Read more

 

**A message from the Las Vegas Souvenir & Resort Gift Show – get ready for the nation’s largest souvenir show! We bring together 1,300+ booths filled with the latest introductions from every major souvenir and resort supplier, plus countless new resources. New for 2017, the show welcomes a Native American Pavilion, even more made in America products, new Boardwalk section and a special spotlight on Gourmet gifts. Look for new events and educational offerings, too . September 13-16, 2017. Register Now | Exhibitor List

 

Lowe’s, Home Depot End The Week One-Two In Radio Spots at Inside Radio. “Lowe’s had 46,542 ads for the week of April 10-16—markedly lower than Home Depot a week ago, which placed 77,108 spots…Home Depot dips from No. 1 to take the runner-up position, with 41,328 over-the-air ads, according to Media Monitors.” Read more

 

MY STOMACH’S GRUMBLING, AND IT’S FAST – C-stores put a bigger focus on food as they aim to capitalize on a trend by Barbara Soderlin at Omaha World-Herald. “Store manager Dennis Bliss followed the rush of customers with a wet mop, cleaning up the chunks of mud that fell from the men’s work boots. He didn’t mind. Sales are up “tremendously” since the store remodel put food front and center. “They always start at the food,” Bliss said.” Read more

 

Office Depot to Sell Operations in Australia and New Zealand to Platinum Equity Press release

 

Wal-Mart buys the Shoes.com URL and sends web traffic to ShoeBuy by Matt Linder at Internet Retailer. “Wal-Mart has bought the Shoes.com domain name and intellectual property that includes the company’s logos and social media accounts for $9 million, according to documents posted on the website of professional services firm Alvarez & Marsal Canada Inc.” Read more

 

VA tests partnership with CVS to reduce veterans’ wait times via Denver Post. “The new program, currently limited to the Phoenix area, comes three years after the VA faced allegations of chronically long wait times at its centers, including its Phoenix facility, which treats about 120,000 veterans.” Read more

 

Grainger Q1 Falls Short, U.S. Sales -1.0% “Overall, the first quarter clearly fell short of our expectations, driven primarily by the stronger than anticipated customer response to our U.S. strategic pricing actions, with a greater volume of products sold at more competitive prices,” said Chief Executive Officer DG Macpherson.” Read more

 

Kroger Names Angel Colón Senior Director of Diversity Press release

 

Primark Plans Biggest Expansion In Decade as Chain’s Sales Soar by Thomas Seal at Bloomberg. “The retailer aims to open 29 stores in the current fiscal year, mainly outside the U.K…Unlike most clothing retailers, Primark relies entirely on old-fashioned bricks-and-mortar stores and has shunned an e-commerce offering.” Read more

 

Tipsheet Extra Stories

Walmart’s SVP GMM to lead Susan G. Komen Ozark Race for the Cure

Post-bankruptcy, City Sports resurrects website, plans new stores

This is NYC’s most obnoxious food market

Billionaire Campbell Soup Co. heiress dies

Amazon wins patent for an on-demand clothing manufacturing warehouse

SkinnyPop sues to block ‘skinny’ competitor

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Subscribe to Eye on Retail Tipsheet here

 

Contact us: Send story tips, press releases and advertising inquiries to info@eyeonretail.net

 

Website: www.eyeonretail.net