Tipsheet: Wawa Breach | BJ’s New CEO | Baby Yoda #1
Wawa says data breach may have collected thousands of customer card numbers and names at CNBC. "...its information security team discovered malware on its payment processing servers on Dec. 10 and stopped the breach on Dec 12. The company believes the malware was collecting card numbers, customer names and other data as early as March 4...The breach affected all of Wawa’s 850 locations." Read more BJ’s Wholesale Club names Lee Delaney CEO / Thomas Kingsbury, the former CEO of Burlington Stores, Inc., has been appointed to the Board Press release Nike earnings beat, sales rise, as Jordan [...]
Tipsheet: Cornell Top CEO | R.Aid Beats | CBS Tests Amazon
CORNELL CONGRATS - Target's Brian Cornell is the top CEO of 2019 at CNN. "Cornell: To understand how we got here, you need to start back in February 2017 at Target's Financial Community Meeting. We laid out a strategy and significant investment that put stores at the center of everything we do for our guests...The decision was not well-received at the time. The 'retail-is-dead' narrative was in full effect, and we were making one of the largest investments in our history." Q&A CBS News tests toys purchased from third-party sellers at Amazon at CBS This Morning. "Small magnets [...]
Tipsheet: Petland Puppy Problems | Costco Visa #1 Searched | Housing +10% 2020
H&M’s Different Kind of Click Bait by Elizabeth Paton & Sapna Maheshwari at NY Times. "The Swedish retailer now lets customers know where nearly every garment it sells is made...This is part of the company’s new “consumer-facing transparency layer.” H&M shoppers can now find out not only the country where clothing was manufactured, but also details on materials and recycling, the name of the supplier or authorized subcontractor where a garment was made; the factory address; and the number of workers employed there." Tiered subs. You Might Be Buying Trash on Amazon—Literally at Wall Street Journal. "Just about [...]
Tipsheet: Tritton Fires | Venezuela ‘Mini Walmart’ | Amazon’s ‘Sniper’
New CEO at Bed Bath & Beyond shakes up chain of command by Michelle Chapman at AP. "The departures announced Tuesday include the company’s chief merchandising officer, marketing officer, digital officer, it’s general counsel and its chief administrative officer. The company’s chief brand officer resigned last week. “Balancing our existing expertise with fresh perspectives from new, innovative leaders of change, will help us to better anticipate and support our customers,” said CEO Mark Tritton in a prepared statement Tuesday." Read more Imitating Amazon: E-Commerce Battle Bolstered by Companies Mimicking the Market Leader by Jennifer Smith at Wall Street [...]
Tipsheet: McKenna #21 Power | China Livestreaming
From Online Shoppers to Dairy Farmers, the New Nafta Will Leave Winners and Losers in Its Wake at Fortune. "The deal will raise Canada and Mexico’s de-minimis levels, or the threshold above which consumers pay tax on a cross-border shipment. This means, for instance, that Canadians will now be able to buy more online, tax-free." Read more The World's 100 Most Powerful Women at Forbes. Judith McKenna #21 Roz Brewer #43 Ranked list Can Bergdorf Goodman Win the Barneys Race? by Sapna Maheshwari at NY Times. "While (President Darcy) Penick, who speaks in measured tones and has [...]
Tipsheet: Kroger/Wgreen Alliance | Best Buy/Mayor Pete | H.Dep Tamps Down
Kroger and Walgreens want to buy products together to cut supplier costs at CNBC. "Kroger and Walgreens hope more retailers will join their alliance. “If another organization thinks they have significant buying in these areas, they could partner with Kroger and Walgreens to save and reduce waste,” Millerchip said." Read more Home Depot forecasts 2020 sales growth below expectations at Reuters. "The company, ahead of its analyst day on Wednesday, said it expects fiscal 2020 sales growth of about 3.5% to 4%. Analyst on average had expected sales growth of 4.3%, according to IBES data from Refinitiv." Read [...]
Tipsheet: Martinis @ Retail | Target Co. of the Year | AutoZone +3.4%
Fourth Floor, Men’s Wear. Fifth Floor, Martinis. at NY Times. "All over Midtown Manhattan, department stores are opening a new department: the spiffy, up-to-date cocktail bar. The new Neiman Marcus at Hudson Yards has Bar Stanley, a snug nook on the sixth floor that has two prebatched and bottled cocktails among its offerings. This month, Bergdorf Goodman will open Goodman’s Bar, an Italian-style cafe and aperitivo bar, on the second floor of its men’s store on Fifth Avenue." Tiered subs. AutoZone Q1 comp sales +3.4% Press release California fines CVS $3.6M for failing to redeem recyclables at [...]
Tipsheet: D2C White Flag | Boot Barn Eyes 500 | Instacart Protest
Boot Barn CEO plans to double store count to 500 at CNBC. "We’ve said in the past that this is a massive retail opportunity that’s been hidden in plain sight for years,” (CEO) Conroy said. “It’s hard to understand when you’re in Manhattan or when you’re in Los Angeles, but when you fly across the country you look down and you’re looking at our customer.” Video/Read more Big Brands, Online Startups Find Success Rests on Store Shelves at Wall Street Journal. "We gave up on the direct-to-consumer angle to work with retailers,” said Yanghee Paik, co-founder of Rael, [...]
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