Tipsheet: Peak ‘Streetwear & Sneakers’? | Target Revolts Against Utility | Barry @ B.Buy

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New Best Buy CEO takes the helm Tuesday at CNBC. “Corie Barry is a former chief financial officer for Best Buy, and she has also played key roles in overseeing strategy and operations…Joly will take on a newly created role, executive chairman, and will continue to advise Barry and other executives in an array of areas, including strategy and mergers and acquisitions.” Read more

 

Neiman Marcus Q3 comp sales -1.5% “During the quarter, the Company reported a net loss of $31.2 million compared with a net loss of $19.9 million for the third quarter of fiscal year 2018.” Press release

 

…Neiman Marcus posts a bigger loss and CEO Geoffroy van Raemdonck ‘not satisfied’ with results by Maria Halkias at Dallas Morning News. “Luxury retailing continued to be promotional, both in stores and by online competitors, CEO Geoffroy van Raemdonck said during a conference call with analysts. And some fashion trends may have peaked, such as streetwear and sneakers, he said.” Tiered subs.

 

Busy IPO Market Offers Lifeline to Troubled Retailers by Soma Biswas & Sam Goldfarb at Wall Street Journal. “In recent months, both (Neiman Marcus & PetSmart) have resolved disputes with creditors in large part by promising to pay them with proceeds from initial public offerings or sales of their online businesses.” WSJ subs.

 

Kohl’s to close its Off/Aisle discount stores after four years in operation by Rick Romell at Milwaukee Journal Sentinel via USA Today. “The four Off/Aisle locations – three in Wisconsin and one in New Jersey – will close on Aug. 3…”…our strength and ongoing improvements in inventory management across the company do not allow us to appropriately stock Off/Aisle stores at scale,” Gross wrote in the memo.” Read more

 

Walmart China invites U.S. entrepreneurs to innovate for food safety pipeline by Kim Souza at Talk Business. “For more information about the Innovation Pipeline Round 3, including a complete timeline, requirements, and application forms, visit the website of the Walmart Food Safety Collaboration Center.” Read more

 

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Target Leads Retailer Revolt Against Virginia Electric Utility at Bloomberg. “Target Corp. is joining with other retailers that are customers of Dominion Energy Inc. in asking Virginia state regulators for permission to negotiate with wind and solar farms and other power providers.” 1:30 video

 

Amazon Scores U.K. Rights to Women’s Tennis by Henry Chu at Variety. Read more

 

US consumer prices edged up 0.1% in May at AP. “U.S. consumer prices increased a slight 0.1% in May, as inflation was tempered by lower costs for gasoline, electricity and used cars.” Read more

 

Forget Your Reusable Bags? This Grocer’s Embarrassing Plastic Sacks Will Help You Remember by David Griner at Adweek. “There’s a new “walk of shame” these days—when you’re leaving the grocery store without your reusable bags and have to use up yet another plastic sack destined for the landfill (or, even worse, a body of water).” Adweek subs.

 

Albertsons completely phases  out freshwater eel from its sushi products at SeafoodSource. “Over the next three-and-a-half years, the company will work closely with FishWise and its sushi vendors to transition shrimp, salmon, surimi, and tuna to all responsible sources, according to Albertsons.” Read more

 

U.S. pet doctors get ready for online pharmacy challenge by Manas Mishra & Tamara Mathias at Reuters. “…until now veterinary practices, which both prescribe and sell drugs, have been a major source of prescription medication. While Amazon so far has shown no interest in that market, Chewy’s and Walmart’s forays into the online pet pharmacy business threaten to change that, prompting veterinary clinics to seek help in defending their turf.” Read more

 

Home Depot co-founder Bernie Marcus raises $117 million for nonprofits by Matt Kempner at AJC. “I was never meant to be,” (Marcus) said. His mother had planned to stop having children, but a doctor suggested having a baby could help with her rheumatoid arthritis. Marcus said when he and Blank came to Atlanta in 1978, “we had nothing.” “Home Depot made us,” he said.” Read more

 

Supporters defend Nike’s plus-size mannequin after it becomes target for ‘fat-shaming’ remarks by Michael Bartiromo at Fox Business. “Writing in The Telegraph, Tanya Gold described the mannequin as “immense, gargantuan, vast” and [heaving] with fat” in an article suggesting Nike had given up on the “war on obesity” by debuting the inclusive mannequin.” Read more

 

Kroger to sell CBD-infused products at Fox Business. “…will be selling topical products in 945 stores across 17 states, a spokeswoman told Fox Business in a statement.” Read more

 

The Race to Become the Beyond Meat of Fish by Lydia Mulvany & Josh Petri at Bloomberg. “Wild Type can produce only small pieces of salmon, which become too flaky if heated above 212 degrees Fahrenheit. As a result, all the preparations were either raw or cooked in natural acids, such as citrus juice.” Tiered subs.

 

Tipsheet Extra Stories

First reactions glow for ‘Toy Story 4’

Iranian immigrant finds American dream as a Walmart supplier

Mattel rejects renewed merger bid from rival MGA Entertainment

Reverse mortgages are now blindsiding borrowers

Glass skydeck on 103rd floor cracks under feet of woman and two kids 

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Tipsheet: HD Supply +5.8% | Chico’s -7.0% | Amazon Ends Restaurant Deliv

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Chico’s Inc. Q1 comp sales -7.0%. By brand: Chico’s -7.8% / White House Black Market -10.0% / Soma +3.4% Press release

 

Amazon’s new rewards card targets those with bad credit by Sarah Perez at TechCrunch. “To pay off purchases, the card is unique in that it allows customers to either choose to make 12 months of equal payments or 6/12/24-month 0% periods for select purchases.” Read more

 

HD Supply Q1 organic growth +5.8% Press release

 

Target expands childcare and paid family leave benefits at CNN. “Starting this fall, Target workers will receive 20 days of backup child care or elder care through a partner network. Employees will be able to bring their child to an in-network day care center for $20 a day or pay a subsidized hourly rate for in-home care.” Read more

 

Fed judge nears nixing $69B CVS-Aetna deal: sources by Josh Kosman at NY Post. “After sparring with lawyers and witnesses for two days…Judge Leon scheduled oral arguments for July 17 and is expected to rule soon after that…Judge Leon could be the first to reject a merger settlement since 1974.” Read more

 

Readerlink works towards higher bid for Barnes & Noble at Reuters. “Book distribution company Readerlink LLC is working towards making a bid for Barnes & Nobles Inc that would top hedge fund Elliott Management Corp’s agreed price to buy the U.S bookseller, the Wall Street Journal reported on Monday, citing a source.” Read more | WSJ article (Subs.)

 

Walmart Presents at dbAccess Global Consumer Conference Call Transcript via Seeking Alpha

 

Hudson’s Bay’s Richard Baker leads $1-billion bid to take retailer private by Marina Strauss at Globe & Mail. “The company’s shares closed on Monday at $9.07, a 42-per-cent jump from Friday but a little below the proposed privatization price, suggesting shareholders don’t necessarily expect a higher offer.” Read more

 

Casey’s Q4 comp sales. Fuel: Gallons -2.8% / Grocery & other Merch. +5.7% / Prepared Food & Fountain +2.0% Press release

 

**A message from BK Resources: The ION Antimicrobial Handsink is infused with Silver Ions to inhibit the growth of millions of germs. Product sheet

 

Amazon will shutter its Amazon Restaurants food delivery service in the U.S. later this month by Taylor Soper at GeekWire. “Amazon will also shut down Daily Dish, a workplace lunch delivery service that launched in 2016…It’s unclear what, if any, moves are left in Amazon’s restaurant delivery arsenal. The company still delivers groceries from Whole Foods via Prime Now.” Read more

 

Nordstrom Announces Six Food And Beverage Concepts For NYC Flagship Opening In October Press release

 

Sam’s Club to continue reducing products in inventory by Kim Souza at Talk Business. “Sam’s Club executive Clint Gill, who oversees grocery and beverage for the retailer: “We still have too many items in our clubs, and we are working to downsize the assortment. We are not adding new items at this time”…Gill said the assortment in clubs ballooned as larger pack sizes were added to push revenue higher.” Read more

 

Amazon donates $8 million to fight homelessness in HQ cities Press release

 

Build-A-Bear’s Pay Your Age returns with chaos-proof plan by Sonja Haller at USA Today. “Once enrolled in the rewards program, guests will be notified via email by June 21 if they are among the 200,000 guests in the U.S., U.K. and Canada to receive a “winner” ticket.” Read more

 

Amazon beats Apple and Google to become the world’s most valuable brand at CNBC. Top 10 list

 

Walmart has unleashed an army of robots in its stores and workers aren’t exactly thrilled about it by Drew Harwell at Washington Post via Financial Post. “…to the workers of Walmart Supercenter No. 937 in Marietta, Georgia, the machine has a different label: “Freddy,” named for a janitor the store let go shortly before the Auto-C rolled to life. Freddy’s career at the store has gotten off to a rocky start. Workers there said it has suffered nervous breakdowns, needed regular retraining sessions and taken weird detours from its programmed rounds.” Tiered subs.

 

Amazon is opening its second cashier-free Amazon Go location in New York at CNBC. “…at 300 Park Avenue, in the Midtown area in Manhattan. The roughly 1,700-square-foot store will be the thirteenth Amazon Go location to open in the U.S.” Read more

 

Big Carpet wants to end America’s love of hardwood floors by Matthew Townsend at Bloomberg via LA Times. “After presiding over 18 months of research and development, Keith Weinberger says he has finally found the “generational change” needed to revive an industry two decades past its peak. “This will blow your mind,” he said. Weinberger is pitching a product called Home Fresh that he says acts like a giant air filter. It’s hypo-allergenic, stain-resistant and recyclable. It’s also carpet.” Tiered subs.

 

Tipsheet Extra Stories

U.S. firearms distributor files bankruptcy

Peeper drilled holes in multiple changing rooms at Target store

Hollywood’s 100 Favorite Movie Quotes

Mail carrier accused of stealing Menards rebate cards from ‘multiple victims’

The 2019 Top Women in Grocery

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Tipsheet: Sam’s New Tech | Kohl’s CTO to Nike | Bezos Onstage Protester

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Walmart is going to start delivering groceries inside shoppers’ homes at CNBC. “It will first test this option in three cities: Kansas City, Missouri, Pittsburgh and Vero Beach, Florida. It said it will “learn and scale” in-home delivery from there.” Read more

 

U.S. adds 75,000 jobs in May – slows sharply; wage gains moderate at Reuters. Read more

 

Jeff Bezos explains Amazon’s bet on Project Kuiper satellites — and copes with an onstage protest by Alan Boyle at GeekWire. “The protester got within a few yards of where the world’s richest individual was sitting, but in less than 30 seconds, security team members grabbed her and pulled her offstage. Bezos then turned to (moderator) Freshwater and quipped, “Do you have a response to that?” “I wasn’t quite prepped for that,” Freshwater confessed.” Read more

 

Sam’s Club to unveil new technology plays this week by Kim Souza at Talk Business. “(John Furner) said a formal announcement will be made at the shareholders’ celebration on Friday…An app called Ask Sam and others such as shopping lists and Scan & Go for beer and wine are some of the more promising technologies gleaned from the cashier-less club in Dallas.” Read more

 

Postmates hires Apple veteran and author Ken Kocienda as a principal software engineer at TechCrunch. Read more

 

How Amazon’s In-House Brand Biz Measures Up to Rivals by Adrienne Pasquarelli at Ad Age. “Earlier this week, speaking at Amazon’s re:MARS conference in Las Vegas, the company’s retail chief Jeff Wilke said that in-house brand products represent roughly 1 percent of Amazon’s sales—or around $2.3 billion, according to Bloomberg News.” Tiered subs.

 

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Cato May comp sales +1.0% Press release

 

North Michigan Avenue tries to bring back the ‘Magnificent’ amid retail upheaval by Ryan Ori at Chicago Tribune. “The coming of the Starbucks Roastery is very exciting, some retailers are going back on the offensive, and some digitally native companies are seeking first or second spaces” on the avenue, (the real estate investment trust) said. “Up until late last year, it was very quiet” at the Disney building, Conlon said. “Going from zero calls to four or five options is very exciting to us.” Tiered subs.

 

The Buckle May comp sales -0.8% Press release

 

Walmart adds more than 120 electric vehicle charging stations to US stores at Fox Business. “…opened more than 120 ultra-fast electric vehicle charging stations at Walmart locations in 34 states. Walmart partnered with Electrify America to add the charging stations, which are mainly located on major interstates and highways to provide drivers easy access to them.” Read more

 

Ex-Kohl’s Exec Named Nike’s New Global Chief Digital Information Officer Press release

 

Elliott Management to acquire Barnes & Noble for $683 million at CNBC. “For its part, Elliott, the firm founded and led by billionaire Paul Singer, acquired Britain’s biggest bookseller, Waterstones, last year. Owning the two book retailing giants could give Elliott synergies and buying leverage with publishers, people familiar with the industry say.” Read more

 

Gap says it will derive 100% of its cotton from more sustainable sources by 2025 Press release

 

Kay Jewelers fires store manager who barred deputy from getting his engagement ring because the uniformed officer had a gun in his holster by Joe Marusak at Charlotte Observer. “We are reinforcing store training regarding all of our Customer First policies, as well as specific policies related to law enforcement, in all of our stores,” the company posted.” Tiered subs.

 

Tipsheet Extra Stories

Meet the Founders of Creative Clothing Label Show Me Your Mumu

How Amazon’s delivery robots will navigate your sidewalk

Millennial dads have pathetic DIY skills compared to baby boomers

Critic urges Toronto to abandon smart city project

HBO’s ‘Chernobyl’ Leads to Calls for India Bhopal Disaster Drama

Metallica’s Hetfield and Hammett Shred National Anthem at NBA Finals

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Tipsheet: Versace Plans 100+ Stores | Michaels -2.9% | F.Below +3.1%

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Michaels Q1 comp sales -2.9% Press release

 

Stitch Fix spikes after beating earnings and revenue expectations by Ashley Turner at CNBC. “Its active clients — people who received a box of clothing in the preceding 12-month period — came in at 3.1 million, an increase of 17% year over year.” Read more

 

Amazon Prime Air drones will start delivering packages ‘within months’ by Alan Boyle at GeekWire. “We right now do have permission to do testing in a couple of locations in the United States with the FAA,” Wilke told GeekWire. “But our objective is to have a certified commercial program that allows us to deliver to customers. That’s what we’re working toward, in months.” Read more

 

Five Below Q1 comp sales +3.1% “…opened 39 new stores and ended the quarter with 789 stores in 36 states.” Press release

 

Versace plans to open more than 100 stores by 2022 by Katherine Lam at Fox Business. “It’s very clear: The productivity in our stores is not what it should be,” said Versace’s CEO Jonathan Akeroyd on investor day. “We need to rapidly increase the productivity and this will really be the real driver to reach us to our $2 billion [target].” Read more

 

At Home Group Q1 comp sales -0.8% Press release

 

Ace Hardware and True Value Rank Highest in Customer Satisfaction among Home Improvement Retailers “Two minutes is the maximum amount of time for home improvement retailers to provide assistance to customers. When that threshold is met, there is an increase of 67 points on overall customer satisfaction.” Rankings

 

Beyond Meat’s home in the meat aisle sparks food fight by Tina Bellon at Reuters. “Sean Saenz, senior director of meat and seafood operations at Gelson’s, which owns 28 stores across Southern California, said the retailer did not see strong sales when it initially placed Beyond Meat in the freezer. Since moving the burger out of the freezer, Beyond Meat sales are up 60 percent, Saenz said, while sales in the overall vegan section grew 20 percent.” Read more

 

Amazon introduces ‘StyleSnap’ shopping recommendation feature at Reuters. “…a feature on its app that allows users to upload a picture of a look or style they like and get recommendations for similar items on the platform.” Read more

 

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Casey’s Announces CEO Transition “IHOP President Darren Rebelez named Casey’s President and CEO.  Casey’s President and CEO Terry Handley to retire.” Press release

 

Better wages ‘not a radical idea’ Sen. Sanders tells Walmart execs by Kim Souza at Talk Business. “Walmart is the largest private employer in the country and it pays many employees starvation wages forcing them to rely on aid and taxpayer help,” (Sanders) said…Brand thanked Sanders for his remarks and said Walmart does not support the proposal.” Read more

 

United Natural Foods Tops Q3 Earnings Estimates at Yahoo Finance. Read more | Press release

 

Amazon CEO Jeff Bezos tries out robotic arm at re:MARS conference by Alan Boyle at GeekWire. “Bezos started out with a simple task: picking up a plastic cup and dropping it onto a stack of cups. Then he played around with a palm-sized soccer ball, and tried his hand at a ring-stacking puzzle. The guy clearly loved it, as you can see in these tweeted videos…” Videos/Read more

 

JCPenney Announces Ex-Guess Exec Victor Ejarque Lopez as SVP, GMM Women’s Apparel at Yahoo Finance. Read more

 

Amazon, Home Depot and other companies headed to Capitol Hill June 4 for a closed-door meeting with House lawmakers on ways to block online counterfeit goods from flowing into the U.S. at Bloomberg Law. Read more

 

Rent the Runway opens Arlington fulfillment center with 500-plus employees by year end by Maria Halkias at Dallas Morning News. “Rent the Runway’s new fulfillment center in Arlington, only the company’s second, begins receiving returns on Monday from customers who use the apparel service.” Tiered subs.

 

How the art of lusting for a beachy holiday is powering retail by Rebecca Malinsky at Wall Street Journal. “Marketing director Elizabeth Fuller, 31…“There is a very specific series of habits that I don’t apply to any other aspects of my wardrobe except when I’m shopping for a trip,” she says. “It’s like I’m this completely brand-new person who spends reckless amounts of money to become someone else on vacation.” WSJ subs.

 

Tipsheet Extra Stories

Exclusive: See inside Jeff Bezos’ $80 million NYC mega-home

Padres face backlash for exterminating bee swarm

Amazon Robotics unveils two new breeds of robots for its fulfillment centers

Oakland is 2nd U.S. city to decriminalize magic mushrooms

GM to test airless, puncture-proof Michelin tires

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Tipsheet: Bernies Slams Waltons | A.Eagle +6% | B.Hills Bans Tobacco

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U.S. private sector adds fewest jobs in May since 2010: ADP at Reuters. “U.S. private employers added 27,000 jobs in May, well below economists’ expectations and the smallest monthly gain in more than nine years, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 180,000 jobs…” Read more

 

American Eagle Outfitters Q1 comp sales +6.0% “By brand, American Eagle’s comparable sales increased 4%, following a 4% increase last year. Aerie’s comparable sales increased 14%, building on a 38% increase last year.” Press release

 

Walmart shareholders week underway by Kim Souza at Talk Business. “The formal business meeting will be held Wednesday (June 5) at 10:30 a.m. at John Q. Hammons Center in Rogers…Walmart is hosting a free concert by Peter Frampton on Wednesday evening at Bud Walton Arena for employees while the media guests are given a tour of the Walmart Museum on the Bentonville square.” Read more

 

…Bernie Sanders: Walmart resistance to raising minimum wage is ‘grotesque,’ slams Walton family by Aamer Madhani at USA Today. “Sen. Bernie Sanders in an interview Tuesday slammed mega-retailer Walmart’s resistance to raising its workers minimum wage to $15 per hour as “grotesque” and “absurd.” Sanders made his comments in an exclusive interview with USA TODAY on the eve of Walmart’s annual shareholders meeting.” Read more

 

GameStop stock plunges nearly 30% as sales fall short of estimates at CNBC. “…net income fell to $6.8 million…in the first quarter from $28.2 million… in the same period a year earlier…GameStop said it expects full-year 2019 sales to fall between 5% and 10%.” Read more

 

CVS to close some unprofitable stores by at CNBC. “CVS Pharmacy President Kevin Hourican said CVS will “closely evaluate” its options for 500 leases every year. Hourican told CNBC he does not expect “meaningful” store closures.” Read more

 

…CVS Health promises double-digit earnings growth by 2022 as it tries to allay investor worries over Aetna deal at CNBC. “Keep in mind we’re in the early innings of our transformational journey,” CVS CEO Larry Merlo told investors. “This will be a multi-year journey with benefits building over time as we continue to build and refine new programs to better serve the needs of our stakeholders.” Read more

 

**A message from BK Resources – The Best Kept secret for commercial and food service kitchen equipment. Stainless steel: commercial faucets, sinks, work tables, bar equipment, ice bins & more. Catalog | Website | Contact

 

America’s Richest Self-Made Women (Stitch Fix CEO #55) at Forbes. Full list

 

Amazon comes under fire with antitrust officials at Bloomberg via Internet Retailer. “The Federal Trade Commission will take responsibility for antitrust probes of Facebook and Amazon, while the Justice Department is set to open an investigation of Google, according to people familiar with the matter. The Justice Department will also oversee scrutiny of Apple Inc., one of the people said.” Read more

 

Growth slow at Walmart’s African business unit Massmart by Kim Souza at Talk Business. “Insiders say Massmart has been a disappointment of sorts to Walmart, which is why executives rarely mention the investment, choosing to focus on China, Mexico, Canada and more lately India.” Read more

 

Jeff Bezos lands $80 million dollar ‘deal’ on three New York City condos at CNN Business. Read more

 

Walmart CEO talks tariffs in Fox Business interview 3:16 video

 

Walmart U.S. CEO on how the retailer engages customers at Yahoo Finance. “[When] I first started in retail, we didn’t even have computers. So we used to handwrite the shelf labels,” Foran said. And when I talk to people in our business now about the fact that I used to have to handwrite shelf labels, they look at me like I’m from a different planet,” he added.” 4:18 video

 

Beverly Hills votes to outlaw tobacco sales in ordinance believed to be first of its kind in US at CNBC. “The ban, which is set to begin in 2021, prohibits the sale of cigarettes, cigars, pipe tobacco, chewing tobacco and electronic cigarettes sold in gas stations, convenience stores, pharmacies and grocery stores.” Read more

 

Why Jeff Bezos and a Dozen Tech Titans Made a Pilgrimage to Brunello Cucinelli’s Italian Village by Samuel Hine at GQ. “To be clear, these were not the well-tailored fashion editors who normally flock to kiss (Brunello) Cucinelli’s ring. Instead, they were a delegation from perhaps the most swagless realm in all the land: Silicon Valley…” Read more

 

Tipsheet Extra Stories

For the first time ever, US consumers spend more time on mobile than watching TV

Microsoft creating an Xbox line of body wash and deodorant

Ikea releases a dresser designed to prevent deadly and dangerous tip-overs

Walmart store steps out for Pride Month on Facebook. Love and hate follow.

Office Depot asks to dump county’s $500K incentives contract to create jobs

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Tipsheet: Tiffany -5% | H.Depot Radio Kings | Amazon #1 Reviewer

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Tiffany Q1 comp sales -5.0% (Worldwide & Americas) Press release

 

Sephora will close all locations Wednesday to hold diversity training for its staff after R&B singer SZA accused the store of racial profiling at CNN. Read more

 

Walmart to woo high school students with free test prep, debt-free college by Julia La Roche at Yahoo Finance. “Walmart partnered with Guild Education…Degrees were initially offered from three universities — University of Florida, Brandman, and Bellevue University…On Tuesday, the program added Southern New Hampshire University, Purdue University Global, and Wilmington University to its suite of schools.” Read more

 

FTD files for bankruptcy protection, but flower deliveries will continue by Charisse Jones at USA Today. Read more

 

Walmart Store No. 8 under new leadership at Talk Business. “Scott Eckert will take over for Lori Flees, who ran Store No. 8 in addition to being senior vice president of health and wellness for Sam’s Club. Flees will continue her role at Sam’s Club…” Read more

 

CVS to open 1,500 HealthHUB stores over next two years by Angelica LaVito at CNBC. “CVS opened its first three HealthHUB locations in Houston in February. It plans to open more in Houston, Atlanta, Philadelphia, southern New Jersey and Tampa, Florida, by the end of the year.” Read more

 

Apparel giant Forever 21 exploring restructuring at CNBC. “The company is in talks with private equity firm Apollo Global Management about raising debtor-in-possession funds to provide financing should it file for bankruptcy, the person said.” Read more

 

**A message from Real Coconut Water: Young Brazilian coconuts = Sweeter taste. 100% pure coconut water. PL or branded organic in Tetra Pak. Sell sheet | Website | Samples: info@eyeonretail.net

 

Walmart vet now tops Petco digital team “Darren MacDonald will join the company as Chief Digital and Innovation Officer, effective June 10…Prior to joining Petco, MacDonald managed Walmart’s US e-commerce entertainment business.” Press release

 

Chewy Announces Launch of IPO Press release

 

Build-A-Bear and Walmart team up by Henry Fernandez at Fox Business. “Build-A-Bear had partnered with retail giant Walmart in opening shop-in-shops inside six pilot stores last holiday season. Now, it’s looking to expand into 25 additional Walmart stores over the course of this year.” CEO video/Read more

 

Walmart Canada CEO Q&A by Michael Lewis at Toronto Star. Tiered subs.

 

Amazon will offer 10M products via accelerated Prime program by Kurt Schlosser at GeekWire. “For the first time the company is sharing just how many items are now available to be delivered in such rapid fashion. In the process, the company is effectively throwing down the gauntlet for Walmart.” Read more

 

Home Depot #1 again in radio spots last week at Radio Ink. “The Home Depot ran another tidal wave of spots last week — 88,365 in all. GEICO put out a healthy 53,778…Lowe’s was third (37,928)…” Read more

 

LOW SHRINKAGE – Barron’s: If Costco suffered from average retail shoplifting levels, “it would have no operating profit margin excluding membership fees” at Fox Business. Read more

 

Startup bets high-tech dog lockers will get shoppers to leave pups outside the grocery store by James Thorne at GeekWire. Pics/Read more

 

Meet the North Dakota man who is Amazon’s No. 1 reviewer. He gets a lot of ‘free’ stuff. by Kim Hyatt at Forum News Service via Pioneer Press. “Yes, Amazon has a hall of fame for reviewers. So he started cranking out the reviews, sometimes as many as six in a day. He reached the top ten this January and thought, “If I keep pushing, maybe I could make No. 1.” Even by 2014, his ranking had reached 370th but took a dip to 812th the following year.” Read more

 

Tipsheet Extra Stories

NBA teams moving away from ‘owner’ title

Mayor suggests boxing bouts to settle street beefs

Sears’ bankruptcy has burned thousands of vendors worldwide

Amazon offered job to Pentagon official involved with $10B contract it sought

Google outage meant some couldn’t unlock doors or use the AC

Every clothing store stock is down for the past month

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Eye on Retail Tipsheet is must-read material for 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: eyeonretail.net