Tipsheet: H.Depot New Tagline | Lawton to T.Supply | WM Stores Optional

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Macy’s president Hal Lawton is stepping down to become CEO of Tractor Supply at CNBC. “Lawton will be leaving to join Tractor Supply as its CEO, succeeding Greg Sandfort, effective Jan. 13. He will also join Tractor Supply’s board.” Read more

 

Kroger Q3 ID sales (ex-fuel) +2.5% Press release

 

Costco comps: November +5.3% / November ecom -3.6% / Q1 +4.3% Press release

 

Walmart’s McMillon says there is a ‘magic’ in being different, says online grocery business is ‘great’ by Kim Souza at Talk Business. “If customers don’t want stores, we won’t have them,” McMillon said during an interview by Barclays analyst Karen Short on Wednesday (Dec. 4) at the brokerage firm’s “Eat, Sleep, Play – It’s Not All Discretionary” conference in New York.” Read more

 

Dollar General Q3 comp sales +4.6% Press release

 

Duluth Trading Q3 net sales +12.2% “Net sales were driven by a 2.9% growth in direct net sales and 24.1% growth in retail net sales…At the end of the third quarter, the company had 58 stores compared to 43 stores in the same period a year ago.” Press release

 

Five Below Q3 comp sales +2.9% Press release

 

RH Q3 net revenue +6.4% “Traditional retailers…have allocated the vast majority of their capital to unnaturally grow their digital business. This has resulted in shifting, not lifting, sales online at greater costs, driving down margins while physical stores have been left to rot. We on the other hand have chosen to take the road less traveled…” Press release

 

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Tiffany Q3 comp sales unchanged Press release

 

…Tiffany shares down after a big earnings miss at CNBC. 

  • Earnings per share, adjusted: 65 cents vs. 85 cents expected
  • Revenue: $1.015 billion vs. $1.037 billion expected
  • Same store sales: unchanged vs. expected 1.4% gain

 

Michaels Q3 comp sales -2.2% Press release

 

Walmart favors ‘reasonable controls’ over collection and use of personal data at Reuters. “(Walmart) said shoppers should have an opportunity to “reasonably access, correct or delete their data while limiting the sale of their data to third parties and its use in digital advertising,” as it testified at a hearing by the U.S. Senate Committee on Commerce, Science and Transportation.” Read more

 

Dollarama Q3 comp sales +5.3% Press release

 

Home Depot hammers home new tagline with ads that emphasize digital investment and delivery options by Adrienne Pasquarelli at Ad Age. “The new tagline, “How doers get more done,” will replace the “More saving. More doing” line the retailer has used for more than a decade…The new campaign, debuting this weekend, will include a 30-second TV spot that showcases the new digital offerings, along with promotions on social media and in online channels.” See spot/Read more

 

Express Q3 comp sales -5.0% Press release

 

Antitrust investigators have reportedly widened their examination of Amazon and its retail marketplace to include the corporation’s cash cow: cloud computing at Fox Business. “The Federal Trade Commission is asking questions about Amazon Web Services, Bloomberg reported Wednesday, citing people familiar with the matter.” Read more

 

At Home Group Q3 comp sales -2.0% Press release

 

Target plans to open a store in New York’s Times Square in 2022 at CNBC. “Target has signed a lease for a small-format store in Manhattan in the heart of Times Square, on 42nd Street between 7th and 8th Avenues.” Read more

 

J.Jill Q3 comp sales -7.0% Press release

 

CVS CEO: I saw Hello Kitty logo on a vaping device 5 years ago and knew something was wrong at CNBC. “CVS Health CEO Larry Merlo raised concerns Thursday over the teen vaping crisis and the longterm health risks. “We don’t know the longitudinal effect of these products,” Merlo told CNBC’s “Squawk Box.” “Something has to be done.” Video/Read more

 

Tipsheet Extra

Rent the Runway partners with W Hotels so you can pack lighter

KFC brings back fried chicken scented firelog

Millennials are warming up to some baby boomer lifestyle choices

J.J. Abrams Hints at LGBTQ Representation in Star Wars

The iPhone 11 Pro’s Location Data Puzzler

Read Tipsheet Extra Stories

 

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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

 

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Website: eyeonretail.net

Tipsheet: NYC Cargo Bike Deliv | SNAP -750K | Gum -23%

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Trump administration to introduce plan cutting food stamps for 750,000 people at The Hill. “The work or vocational training requirement applies to recipients who are “able-bodied” or those who are not caring for a child under six years old. Under the current guidelines, states can receive a waver for work requirements for those receiving benefits from SNAP, if its unemployment rate is at least 20 percent above the national rate, according to Bloomberg.” Tiered subs.

 

Amazon doubles truck fleet to 20,000 by Nat Levy at GeekWire. Read more

 

Retail Created the Armchair Shopper and Now It Wishes It Hadn’t at Bloomberg. “Retailers trained us to order holiday gifts from the comfort of our couches by dangling free home delivery. Now they’re trying to convince us to get out of our pajamas and drive to the store after all. It’s not an easy sell.” Tiered subs.

 

Walmart tops Amazon as most-downloaded US shopping app on Black Friday at TechCrunch. “Sensor Tower (said) Walmart was the most-installed shopping app on the U.S. App Store on Black Friday, with 113,000 new downloads…Amazon’s app was a close second, with 102,000 first-time installs.” Top 10/Read more

 

Inside Canada Goose’s new inventory-free store at Financial Post. “It’s by no means an inexpensive experiment but I believe it’ll be a very worthwhile one,” Canada Goose chief executive Dani Reiss said on Monday. “We’re not going to learn if we don’t experiment.” Read more

 

Amazon Is Still the DSP of Choice Among Marketers While Google Loses Ground by Lisa Lacy at Adweek. “Nearly half—46%—of the advertising professionals interviewed said they have used Amazon Advertising in the past 12 months…The Trade Desk was the second-most popular DSP overall with 38%, followed by Google with 33%. MediaMath (31%), Adobe Advertising Cloud (25%) and AppNexus (24%) rounded out the top five.” Tiered subs.

 

Postmates cuts dozens of jobs and shuts Mexico City office after investors turn on cash-burning businesses at CNBC. Read more

 

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Gum That Promises to Help You Sleep and Make You Skinny at Wall Street Journal. “Gum sales dropped 4% globally by volume between 2010 and 2018, according to Euromonitor, and 23% in the U.S. “Chewing gum is becoming less socially acceptable,” said Dirk Van de Put, chief executive of Mondelez International Inc., owner of Trident and Dentyne, in a recent interview.” WSJ subs.

 

Yankees teaming up with Amazon to stream games by Josh Kosman at NY Post. Read more

 

NYC to Announce Cargo Bike Delivery Pilot with Amazon and Others by Dave Colon at NY Times. “It will be the first time the city, long home to bike messengers, has specifically promoted cargo bikes as an alternative to delivery trucks. As many as 100 pedal-assisted cargo bikes operated by Amazon, UPS and DHL will be allowed to park in hundreds of existing commercial loading areas that are typically reserved for trucks and vans. Unlike those vehicles, the bikes will not have to pay meters.” Tiered subs.

 

Baby Yoda toys won’t be available in time for Christmas at GeekWire. Read more

 

The death of Sidney, Nebraska: How a hedge fund destroyed ‘a good American town’ at Fox News. “O’Connell and many other residents are still suffering from the loss of sporting goods retailer Cabela’s, which kept its headquarters in Sidney until it merged with Bass Pro Shops in 2017…Before the merger, O’Connell’s lumberyard did great business. But over the past two years, just one new home has been built in Sidney, he said.” Read more

 

Starbucks COO Rosalind Brewer on race and leadership by Jonathan Capehart at Washington Post. “If I have gone from the gym, and then I wanna walk into a high-end department store … and the store will be right here, and the gym way over here,” said Brewer. “I’ll go home and change clothes and come back, because I know I’m not gonna get the service I need.” Podcast/Tiered subs.

 

Tipsheet Extra

Harsh housing forecast for 2020, especially in these big cities

Women increasingly spending money on tech, not clothes

It’s crunch time for Getty Images, and for photographers

Lidl will open first Baltimore store

Acosta says consumer behavior, industry trends led to bankruptcy

Drag queen economy booming

Read Tipsheet Extra Stories

 

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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: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net

 

Website: eyeonretail.net

Tipsheet: Cyber Mon +16.5% | NYC Package Thieves | Bezos Rally

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Cyber Monday totalled $9.2B in US online sales, smartphones accounted for a record $3B at TechCrunch. “Following the pattern set during Thanksgiving and Black Friday — the total actually just fell short of what Adobe had expected for the day, which was $9.4 billion. Adobe expected an increase of nearly 19%; in the end it was more like 16.5%.” Read more

 

Supermarket Survival Means Matching Amazon by Matthew Boyle at Bloomberg. “If the new technologies work on a broad scale—and that’s a big if—they could slow Amazon’s advance, boost profits, help fend off deep-discount chains like Aldi and Dollar General and diminish the treasure-hunting appeal of places like Costco and Trader Joe’s. Just 44% of food sales today go to traditional grocery stores, down from 90% 30 years ago, according to Inmar Analytics. Supermarkets are locked in a war of attrition, and right now, they’re losing.” Tiered subs.

 

WANTED – SLOGAN WRITER: Amazon Critics Rally at Bezos NYC Penthouse for Cyber Monday at Bloomberg. “At the rally outside Bezos’s building, the protesters chanted “We’re cold, we’re wet and we’re holding Amazon in check” and “Bezos, Bezos you can’t hide, we can see your greedy side.” Read more

 

90,000 Packages Disappear Daily in N.Y.C. Is Help on the Way? at New York Times. “Package horror stories have become so common that some state lawmakers are taking aim at thieves. In Texas, package thieves could face up to 10 years in prison under a new law. A South Carolina bill, called the Defense Against Porch Pirates Act, would make package theft a felony.” Tiered subs.

 

Catalyst moves to block Hudson’s Bay Co takeover after its rival bid rejected at Financial Post. “The private equity firm proposed to take HBC private for $11 per share — 70 cents better than the $10.30 per share currently on offer from HBC chairman Richard Baker and his group of shareholders. But a special committee, struck by HBC’s board of directors to probe the potential takeover, said Monday night that the Catalyst offer “is not reasonably capable of being consummated.” Read more

 

Animal-rights activists clash with Nordstrom over fur sales by Paul Roberts at Seattle Times. “PETA plans to share its findings at a downtown Seattle press conference Tuesday morning at the Hyatt at Olive 8, not far from the Nordstrom headquarters.” Read more

 

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Glossier is moving into Nordstrom with mini shops for its perfume, which has a cult-like following at CNBC. Read more

 

Mattress and bedding giant Tuft & Needle exposed thousands of customer shipping labels at TechCrunch. “More than 236,400 shipping labels were found on an Amazon Web Services (AWS) storage bucket without a password, allowing anyone who knew the easy-to-guess web address access to the customer data.” Read more

 

GIVING TUESDAY: American Eagle put QR codes in T-shirts to help you donate to your favorite causes at Fast Company. Read more

 

Lord & Taylor is returning to NYC with a mini store at Ad Age. “The shop will be just 2,400 square feet—much smaller and more tightly curated than Lord & Taylor’s sprawling, 676,000-square-foot former flagship on Fifth Avenue. It will open for two weeks in mid-December in New York’s SoHo district on Wooster Street, surrounded by upscale names like Mansur Gavriel and Diane von Furstenberg.” Tiered subs.

 

 Cyber Monday was once again the single biggest shopping day in Amazon’s history Press release

 

Whole Foods responds to Mitch McConnell ‘Person of the Year’ confusion at Fox Business. “WholeFoods Magazine (is) an entirely separate publication…Twitter users took to the social media platform to express their confusion and downright disgust about the Republican politician. Some said they would no longer be Whole Foods customers.” Read more

 

One of Australia’s biggest wholesalers is counting the costs of losing a major deal with 7-Eleven at CNN. “Metcash on Tuesday reported a writedown of 237.4 million Australian dollars ($162.5 million), just weeks after it disclosed the end of its supplier agreement with (7-Eleven).” Read more

 

Field Agent: In stores on Black Friday 2019 Pics/Read more

 

Tipsheet Extra

‘La Liste’ 2020: Best Restaurants in the World

These are the best apps of 2019, according to Apple

What Happens if Trump’s China Tariffs Go Into Effect Dec. 15?

Exclusive: Inside the new Star Wars ride at Disney

Forbes 30 under 30 class of 2020

Read Tipsheet Extra Stories

 

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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: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net

 

Website: eyeonretail.net

Tipsheet: Costco Tgiving Web Outage | Etsy + Free Shipping | Black Friday Global

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Black Friday sees record $7.4B in online sales at TechCrunch. “The figures were up by $1.2 billion on Black Friday 2018 but they actually fell short of Adobe’s prediction for the day, which was $7.5 billion.” Read more

 

Thanksgiving Day saw record online sales of $4.2 billion at CNN. “According to Deloitte’s annual pre-Thanksgiving survey of American shoppers, 82% of Generation Z shoppers (18-22 years old) and 60% of Millennial shoppers (23-38 years old) said they planned to shop with family and friends. That compares to 49% of Gen X, 41% of Baby Boomers and 50% of seniors surveyed.” Read more

 

Retailers see biggest-ever Cyber Monday after record online Black Friday at AP News. “Adobe Analytics on Sunday predicted the opening weekend of U.S. retailers’ crucial holiday season would set a new record of almost $30 billion in sales, with Cyber Monday – now traditionally the U.S. economy’s biggest online shopping day – alone expected to reach $9.4 billion.” Read more

 

Target, Walmart and other major retailers are a threat to Amazon this Cyber Monday at CNBC. “Walmart and Target had bigger jumps than Amazon in online customer spending during the first two weeks of November compared with the same period last year, according research firm Edison Trends, which looked at more than 1.2 million transactions. Walmart took in 51% more than last year, while Target followed close behind with a 47% increase. Amazon’s customer spending grew just 32%.” Read more

 

Amazon Tests Cheap Warehouses to Make Cyber Monday Snafu-Free by Spencer Soper at Bloomberg. “The new service, Amazon Storage and Replenishment, lets its merchants stage inventory close to Amazon’s delivery operation so products can be quickly replenished, according to documents reviewed by Bloomberg. Amazon is trying out the program in Ontario, California, about 20 miles from its closest facilities and has plans to expand the program to other locations around the country, according to the documents.” Tiered subs.

 

Is Black Friday only an American tradition? Not anymore by Coral Murphy at USA Today. “The expansion of chains such as Walmart around the world has prompted some countries to adopt the Black Friday custom of big sales. Take Argentina: Black Friday sales grew more than 376% in the past five years in the Latin American country, according to a survey by Black Friday Global.” Read more

 

Tight Holiday-Season Calendar Will Test UPS, FedEx and Amazon by Paul Ziobro at Wall Street Journal. “The math leaves little room for error, said Citi transportation analyst Christian Wetherbee. “We think that the set up for the parcel carriers is as tricky as we’ve ever encountered,” Mr. Wetherbee said. “The risk someone gets coal in their stocking seems elevated.” WSJ subs.

 

Costco’s website crashed for several hours over Thanksgiving by Mary Hanbury at Business Insider. “According to data from the outage-tracking website Downdetector, which was shared with Business Insider by the retail aggregate LovetheSales.com, the website was down for at least 16.5 hours…Costco could have missed out on as much as $10.9 million worth of sales.” Read more

 

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Amazon removes Auschwitz-themed holiday decorations, bottle openers and fridge magnets at CNBC. Read more

 

Amazon and Walmart Thought India Would Be Their Next Giant Market. India’s Shopkeepers Would Like to Disagree by Ari Altstedter at Bloomberg via Fortune. “In the heart of New Delhi’s largest wholesale bazaar, merchants who normally compete with each other have united against a common enemy. “Amazon, Flipkart!” one merchant after another shouts into a microphone from a small stage in Sadar Bazaar’s central traffic circle. Some 50 other shopkeepers gathered around shout back in unison: “Go back! Go back!” Read more

 

NBC wants you to shop while watching TV by Peter Holley at Washington Post via My San Antonio. “Midway through the (“Songland”) episode, Ryan Tedder, a Grammy Award-winning singer and producer featured as a judge on the show, tinkered with an eye-catching, illuminated keyboard called Lumi. As Tedder played the instrument, a QR code casually appeared at the bottom of the screen with instructions that read more like commands than suggestions: “Open Camera, Scan Code, Shop Now.” Read more

 

It’s Way Too Easy to Get a .gov Domain Name at Krebs on Security. Read more

 

Etsy CFO Bets Free Shipping Will Give Company an Edge During Holidays by Mark Maurer at Wall Street Journal. “We don’t believe that people wake up in the morning and say, ‘Hey, I want to go shopping for something handcrafted today,’ ” finance chief Rachel Glaser said in an interview. “They wake up saying, ‘I need a gift for my sister’s birthday’ or it’s Christmastime and ‘I need a special gift for a person that I love.’ ” WSJ subs.

 

Amazon plans to hire 200,000 seasonal workers this year, twice as many as last year at GeekWire. Read more

 

Chicago City Council raises minimum wage to $15 by 2021 at Chicago Tribune. “(Mayor) Lightfoot’s plan eliminates exemptions to the minimum wage for other workers, including people with disabilities, youth under 18, agricultural workers and people in transitional employment programs.” Tiered subs.

 

Apple star designer Jony Ive officially leaves company at NY Post. Read more

 

Disgruntled holiday shoppers stuck in 4-hour snarls near popular Charlotte-area mall by Joe Marusak at Charlotte Observer. “Congestion grew so bad Friday evening that police blocked the three entrances into Concord Mills from Concord Mills Boulevard.” Tiered subs.

 

Tipsheet Extra 

How glam play became the toy industry’s hottest trend of the season

The ’90s fashion revival has past its peak

Marc Jacobs Says Nirvana Smiley Face Isn’t Copyrightable

QuikTrip Showcases Smoked BBQ Offering With New Mobile Game

Comparing Amazon’s Allbirds lookalikes to the real thing

Read Tipsheet Extra Stories

 

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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: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net

 

Website: eyeonretail.net