Tipsheet: Buffett Likes RH | Wawa Fire via Tesla | Payment Holidays

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Tesla Supercharger catches fire at a Wawa store in New Jersey at CNBC. “In August 2019, Wawa announced plans to increase the number of stores that feature Tesla Supercharger stations from 16 to more than 30 locations by the end of 2020.” Read more

 

Amazon adds new ‘Amazon Pharmacy’ branding to PillPack at CNBC. “Another signal of PillPack’s growing importance: The company’s CEO TJ Parker got a promotion over the summer after impressing high-ups with his pharmacy knowledge, three people familiar with the move told CNBC.” Read more

 

Molson Coors Chases Young Adults—And Not Just With Beer by Jennifer Maloney at Wall Street Journal. “The brewer has bought a large stake in a nonalcoholic beverage incubator called L.A. Libations to expand Molson Coors’ portfolio with high-end, better-for-you drinks. Financial terms weren’t disclosed, but Molson Coors is taking a 49% stake, according to people familiar with the matter.” WSJ subs.

 

Socialist leader co-hosts demonstration protesting an Amazon executive’s fundraiser for Joe Biden by Monica Nickelsburg at GeekWire. Read more

 

TikTok tests social commerce at TechCrunch. “…it has started to allow some users to add links to e-commerce sites (or any other destination) to their profile biography as well as offer creators the ability to easily send their viewers to shopping websites.” Read more

 

RH shares surge after Berkshire Hathaway reveals new stake in furniture retailer at CNBC. “Berkshire’s new stake in RH is worth $206.3 million as of Sept. 30, making it the fourth biggest stakeholder in RH, according to FactSet.” Read more

 

**A message from Home & Outdoor cookware – High quality cookware made for the cabin, camping, and the great outdoors. 3X stain and scratch resistance. Retail ready packaging. Presentation | Samples: info@eyeonretail.net

 

Sam’s Club has a new chief executive. Kathryn McLay, who was EVP of Walmart U.S. Neighborhood Markets by at Arkansas Democrat Gazette. Read more

 

FDA sends Dollar Tree warning letter for selling ‘potentially unsafe drugs’ from Chinese suppliers by Kelly Tyko at USA Today. “The FDA is asking Dollar Tree to “provide a detailed plan to ensure you do not receive or deliver adulterated drugs in interstate commerce” and a plan to audit suppliers.” Read more

 

Paying for the holidays in six easy payments. by Susan Tompor at Detroit Free Press via USA Today. “Silicon Valley start up Affirm — which is working with Walmart — has point-of-sale financing partnerships with a variety of retailers that sell online, including Shinola, Casper, Warby Parker, Delta Vacations, the RealReal, StockX, American Girl and Ring.” Read more

 

Coty and Kylie Jenner Announce Strategic Partnership “Under the terms of the agreement, Coty will acquire a 51% ownership in the partnership for $600M.” Press release

 

Mexican shoppers ‘not afraid’ to return to El Paso Walmart at Fox 5. “There is more violence in Mexico — in Juarez — right now than there is in El Paso. The violence here is minimal,” said Antonio Garcia, a Juarez resident who on Thursday brought his wife and children to shop at the Walmart near Cielo Vista Mall.” Read more

 

Picard drops in on Amazon HQ by Alan Boyle at GeekWire. “Jeff Bezos dropped in at the Seattle office where comedy writers come up with bon mots for Alexa … with Patrick Stewart, who plays Captain Jean-Luc Picard, at his side.” Read more/Pics

 

Tipsheet Extra

13-year-old girl sells bows at Target 5 years after starting own company

Au naturel trend a problem for cosmetics sector

FedEx CEO challenges NYT publisher to public debate after tax story

Jeff Bezos-backed vertical agriculture startup ‘hibernates’ plans for Seattle farm

How Joker’s gritty logo was created with wood type letterpress

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Tipsheet: WM +3.2% | Sam’s +0.6% | H.Dep Trending @ TikTok

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Walmart earnings beat estimates, shares rise on higher outlook ahead of holidays at CNBC.  “U.S. same-store sales: up 3.2% vs. growth of 3.1% expected…e-commerce sales were up 41%, thanks to “strong growth” in online grocery…average ticket in the U.S. grew 1.9% compared with a 1.8% increase a year ago. Transactions were up 1.3% in the latest quarter, slightly lower than growth of 1.6% this time last year.” Read more

 

…Sam’s Club Q3 comp sales +0.6% / Ecom +32% Walmart earnings release

 

…Walmart hires off-duty officers ahead of El Paso reopening at AP. “Walmart plans Thursday to reopen the store where the attack happened and amid ongoing lawsuits over safety…The reopening will happen unceremoniously, Walmart spokeswoman Delia Garcia said, and will follow a brief meeting with employees.” Read more

 

Jack Ma: Alibaba’s Singles Day sales missed expectations because it was ‘hot’ and fell on a Monday at CNBC. “The Alibaba co-founder said he hoped the government would give people a half day off of work for future Singles Day events.” Read more

 

Amazon HQ2, one year later: How the search for a 2nd home changed the company, and the country by Nat Levy & Monica Nickelsburg at GeekWire. “In many ways, the entire country is becoming HQ2. Amazon is expanding significantly not just in Northern Virginia but also in many of the cities that ostensibly didn’t win the competition.” Read more

 

…A Year After Amazon Scrapped New York HQ2 Plan, Residents Get Their Say by Katie Honan at Wall Street Journal. “Folks in city government are skittish,” said Bishop Mitchell G. Taylor, the CEO of the nonprofit Urban Upbound, who is working as a consultant with Your LIC, a consortium of three real-estate development firms who control some of the sites. “They don’t know where this is going.” WSJ subs.

 

…A year later, the median (home) listing price in Arlington County is $863,000 as of October 2019, up 33% year-over-year, according to Realtor.com. The median sales price in Manhattan, meanwhile, has dropped 15% in that same time to $1.04 million. at MarketWatch. Read more

 

Loblaw Q3 comp sales: Food retail (Loblaw) +0.1% / Drug retail (Shoppers Drug Mart) +4.1% Press release

 

Defeated challenger to Seattle’s socialist City Council member blames Amazon donations by Monica Nickelsburg at GeekWire. “As Orion implied in his concession speech, Amazon’s record spending on the election appears to have backfired. Just two of the seven Amazon-backed candidates were elected last week.” Read more

 

Canada Goose Q2 revenue +27.7% Press release

 

**A message from Real Coconut Water: Sweet, 100% pure coconut water. Specializing in private label, organic Tetra Pak. Sell sheet | Website | Samples: info@eyeonretail.net

 

Buc-ee’s plans first Georgia location in Warner Robins at 13 WMAZ Read more

 

Disney+ has already attracted over 10 million subscribers at TechCrunch. “To put it in perspective, Netflix recently reported 158 million subscribers.” Read more

 

Wayfair’s app adds 3D visualization tools by Sarah Perez at TechCrunch. Read more

 

Why the Home Depot Theme Song Is the Unifying Masterpiece Taking Over the Internet by Melissa Locker at Time. “…at least some people on the internet knew the (Home Depot theme) song existed and have been using it to soundtrack their TikToks so frequently that the song has topped the app’s charts…“#homedepot” has consistently trended on the app for about three weeks straight…” Read more

 

Tipsheet Extra

Americans’ Improving Views Of Women’s Competence

Budweiser’s new ad encourages you to drink water in between beers

TX congressional candidate calls for DOJ to investigate Walmart over Dean bankruptcy

Neiman Marcus Axes Nearly 100 Jobs

12-year-old attempts to carjack woman at gunpoint outside Kroger store

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Tipsheet: Rona Not ‘Proudly Canadian’ | Amazon Locker Audit | Advance Auto +1.2%

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Nike will stop selling its sneakers and apparel directly on Amazon’s website, ending a pilot program that began in 2017 at Fortune. “Nike reportedly struggled to control the Amazon marketplace. Third-party sellers whose listings were removed simply popped up under a different name. Plus, the official Nike products had fewer reviews, and therefore received worse positioning on the site.” Read more

 

US consumer prices up 0.4% in October; gasoline prices surge at AP. “Excluding volatile energy and food prices, so-called core consumer inflation rose just 0.2% in October. Overall consumer prices rose 1.8% over the past year, just below the Federal Reserve’s 2% target. Core prices increased 2.3%.” Read more

 

A look inside Starbucks’ largest-ever store in Chicago at CNBC. “The largest-ever Starbucks, housed inside Crate & Barrel’s former flagship location on Michigan Avenue, will open its doors on Friday. The Reserve Roastery’s 35,000 square feet and five floors house three coffee bars, a cocktail bar and an artisan bakery and cafe.” Read more/Pics

 

Rona ordered to stop saying its stores are ‘Proudly Canadian’ at Montreal Gazette. “Lowe’s “strongly disagrees” with the ruling, a spokesperson told CTV News Nov. 11. The U.S. company said it couldn’t appeal the verdict further because Ad Standards does not have such a mechanism.” Read more

 

Advance Auto Parts Q3 comp sales +1.2% Press release

 

Alibaba readies $13 billion Hong Kong listing before the end of November at CNBC. “The Chinese e-commerce giant will issue 500 million new ordinary shares plus 75 million “greenshoe” options, the source, who wished to remain anonymous because they are not authorized to speak publicly, said.” Read more

 

Famous Footwear Opens Newest Flagship Store in NYC Press release

 

**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

 

Field Agent audits 90 Amazon Hubs across 11 metro areas and 26 different companies “Altogether, 51% said they were “completely” or “very likely” to use the hub they audited to retrieve future packages, while 73% said they’d be at least “moderately likely” to do so.” Read more

 

Neiman Marcus Borrowed to Cover Summer Cash Burn at Wall Street Journal. “Neiman reported burning $170 million in cash and drawing down about the same amount from its revolving credit facilities during the quarter ended Aug. 3, according to a J.P. Morgan analyst report and the person familiar with the matter.” Subs.

 

Tim Cook to host Donald Trump at Texas Apple factory, per report at The Verge. Read more

 

How Wegmans and H-E-B survived Amazon’s onslaught by Nathaniel Meyersohn at CNN. “Michelle Atwood, who started an “I Heart Publix” Facebook page more than a decade ago that has grown to 116,000 followers, said she valued that Publix stores were “clean, well stocked, and filled with associates who are friendly and super helpful.” Read more

 

Tipsheet Extra

Kanye West to take stage at Joel Osteen’s church Sunday

How ‘VSCO Girls’ Are Killing Makeup Sales

The Average Age of a Successful Startup Founder Is 45

Highest-Paid Country Acts 2019

‘Dancing With the Stars’ ratings boosted 25% by Sean Spicer exit

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Tipsheet: Barneys Stiffs | WM Clash | Rich Santa

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Inside Walmart’s Corporate Culture Clash Over E-Commerce by Matthew Boyle at Bloomberg. “The digital divestments suggest that the online crew is losing the struggle, but the traditionalists have suffered as well. Walmart’s U.S. stores chief, Greg Foran, last month gave up one of the most powerful jobs in retail to run an airline in his native New Zealand. Foran, according to people who worked with him, had grown frustrated with the amount of time and money spent on things that didn’t matter to him, like Store No. 8, an internal incubation arm that promises to “transform the future of retail” by exploring things like virtual reality.” Tiered subs.

 

Walgreens in talks with private equity firm KKR at CNN. “Walgreens reportedly wants to go private, and KKR is said to be interested in buying it. The acquisition would almost certainly be the largest private takeover in history.” Read more

 

Just 100: America’s best corporate citizens at Forbes. Etsy #53, Amazon #75, Starbucks #93. Top 100 list

 

Amazon to open its ‘first grocery store,’ with new format separate from Whole Foods and Amazon Go by Kurt Schlosser at GeekWire. “Amazon is touting it as its “first grocery store.” The footprint will be larger than the chain of small Amazon Go cashierless convenience stores, and will feature a conventional check-out experience. An Amazon spokesperson confirmed to GeekWire that the company is opening the grocery store in the Los Angeles neighborhood of Woodland Hills, Calif.” Read more

 

Barneys stiffs staff and loyal customers after bankruptcy filing by Lisa Fickenscher at NY Post. “The company’s meager severance policy was limited to one week’s pay for every two years of service, a formula that was capped at five weeks, former employees told The Post. Staffers who worked less than two years at the company got zilch…Meanwhile, customers who failed to spot a tiny smattering of articles informing the public that Nov. 7 was the last day to redeem gift cards were shocked to learn over the weekend that the money on their cards was worthless.” Read more

 

Future 50: Companies with the strongest long-term growth potential at Fortune. Alibaba #11, Amazon #31, Facebook #49. Top 50 list

 

**A message from Home & Outdoor cookware – High quality cookware made for the cabin, camping, and the great outdoors. 3X stain and scratch resistance. Retail ready packaging. Sales deck | Samples: info@eyeonretail.net

 

Generation Z shoppers, age 22 and below, are less likely than millennials and Generation X to shop online, according to a survey from The NPD Group. at CNBC. Read more

 

Retailer Orvis.com Leaked Hundreds of Internal Passwords on Pastebin at Krebs on Security. “Orvis, a Vermont-based retailer that specializes in high-end fly fishing equipment and other sporting goods, leaked hundreds of internal passwords on Pastebin.com for several weeks last month, exposing credentials the company used to manage everything from firewalls and routers to administrator accounts and database servers.” Read more

 

Alibaba’s Singles’ Day sales top $38 billion at TechCrunch. Read more

 

…Sales growth for (Singles’ Day) this year eased to 26%, the weakest since the event started in 2009, in a reflection of how e-commerce sales in China have been slowing. Analysts, however, said the growth rate had slightly beaten their expectations. at Reuters. Read more

 

Google’s ‘Project Nightingale’ Gathers Personal Health Data on Millions of Americans by Rob Copeland at Wall Street Journal. “Google began Project Nightingale in secret last year with St. Louis-based Ascension, a Catholic chain of 2,600 hospitals, doctors’ offices and other facilities..Neither patients nor doctors have been notified. At least 150 Google employees already have access to much of the data on tens of millions of patients, according to a person familiar with the matter and the documents.” WSJ subs.

 

Dean Foods, America’s biggest milk producer, files for bankruptcy at CNBC. “Walmart began processing its own milk in 2017. Walmart’s decision sparked upheaval, leading Dean Foods to cancel more than 100 milk contracts with dairy farmers across eight states. Compounding the company’s problems, grocery chain Food Lion cut ties with the milk producer in 2018.” Read more

 

Disney Plus Users Complain of Login Problems, Service Errors on Launch Day at Variety. Read more

 

Santa visits reserved for shoppers who spend over $2,500 at London’s famous Harrods store at CNBC. “However, according to The Guardian newspaper, Harrods agreed last week to host 160 lower-spending families in the grotto following anger from customers. The Guardian reported that wealthier families will still be given 96% of the available timeslots.” Read more

 

Tipsheet Extra

Jeff Bezos might be looking to buy an NFL team

Amazon exec to leave after leading massive push into physical retail

Google plans to give slow websites a new badge of shame in Chrome

Rare deer-like species photographed for first time in wild

Capsule living: a ‘cheap’ option for young people flocking to LA

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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 +6.3% | Duluth 1st Underwear Store | Merlo Talks Vaping

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Costco October comp sales (ex. gas & f/x) +6.3% (US +6.8% / Canada +6.5% / Other Int’l +3.0%) Press release

 

Lumber Liquidators Q3 comp sales -3.6% Press release

 

Facing shorter holiday season, U.S. retailers rev up faster delivery, early deals at Reuters. “The last shortened shopping season was in 2013 – a year when retail chains and delivery companies scrambled to get packages to shoppers in time for Christmas. Retailers’ urgency to avoid a repeat of 2013 is on full display…” Read more

 

Rent-A-Center Q3 comp sales +4.5% Press release

 

Mystery shop: Buying alcohol from Walmart’s online grocery pickup at Field Agent. “On a scale from 1-5, with 5 “excellent” and 1 “poor,”…Among mystery shoppers who received their alcohol purchase(s) (n = 16), the average rating was 4.5, with 10 saying the selection was “excellent,” 5 “very good,” and 1 “fair.” Read more

 

Office Depot Q3 total sales -4.0% Press release

 

Duluth Trading gets cheeky with its first-ever store devoted only to men’s underwear by John Ewoldt at Star Tribune. “We offend people,” said Ricker Schlecht, a vice president for Duluth Trading…“We get letters. We dance on the line a lot with ball jokes and butt cracks. Some people don’t want to hear it, but we want people to have a smile on their face when they interact with our brand.” The company’s new store (opens Thursday at) the Mall of America.” Tiered subs.

 

Vitamin Shoppe Q3 comp sales -7.7% Press release

 

Walmart appoints Meredith Klein as PR director PR Week subs.

 

Kohl’s, Macy’s turn to pop-up shops and Instagram-worthy displays to try to win the holidays at CNBC. “We have a lot of experimentation [going on],” Kohl’s CEO Michelle Gass said during an interview on Wednesday at a press event held at Kohl’s new pop-up shop. The temporary space in SoHo will be open to the public from Thursday through Sunday.” Read more/Video

 

SpartanNash Q3: Retail comp sales +0.1% / Net sales +6.0% Press release

 

CVS CEO discusses the vaping crisis at CNBC. “CVS CEO Larry J. Merlo tells Jim Camer he worries teen tobacco use is going the ‘wrong way’ with the vaping crisis.” 1:19 video

 

Ralph Lauren Q2 North American comp sales +2.0% Press release

 

Burrito Delivered by Bot, as Long as Students Don’t Trap It by Bradley Berman at NY Times. “Kiwi is a work in progress. Its bots frequently lurch in front of pedestrians. The GPS is imprecise, so couriers and customers need to hunt down the robot’s locations, sometimes behind bushes. There are regular reports of minor bot abuse by those protesting high-tech invasiveness.” Tiered subs.

 

Walmart’s Suarez provides an overview of the company’s global approach to last mile logistics at Logistics Management. Q&A

 

Save A Lot hopes modern store redesign draws new customers by Michael Calhoun at KMOX. Read more/Audio

 

Tipsheet Extra

Chicago Mayor vows to get tough to prevent Target-style abandonment of neighborhoods

Chobani’s newest food incubator is boosting veterans’ food businesses

Apple Store revenue grows to 31% of Apple’s income for 2019

Amazon Unveils First French Originals Slate

Hardwood industry pleads for relief from Trump trade war

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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: Kroger’s Kroji | CVS -22 | B.Buy -18 | Wgreen Eyes Private

/in

 

Kroger Debuts New Logo and Launches Brand Transformation Campaign “Fresh for Everyone is Kroger’s brand ethos…The Kroji (Kroger + emoji) animation features a loveable cast of characters to represent Kroger customers, associates and communities…Kroger’s 20+ retail banners across America will continue to operate under their existing names…” Press release | Brand campaign

 

CVS Health third-quarter profit rises 10% on Aetna sales at CNBC. “Earnings per share: $1.84, adjusted, vs. $1.77 expected. Revenue: $63.81 billion vs. $62.99 billion expected. CVS reported third-quarter net income of $1.53 billion, or $1.17 per share, up 10% from $1.39 billion.” Read more

 

…CVS to close 22 drugstores next year at CNBC. Read more

 

Walgreens has explored taking drug store chain private at Reuters. “Many private equity firms have pushed back on the idea, concerned about Walgreens’ business prospects and the challenges of financing the deal, the sources added. A leveraged buyout of Walgreens would likely require participation of several private equity firms, each writing large checks, at a time when many of them have lost their appetite for teaming together on so-called club deals.” Read more

 

Best Buy has closed 18 stores, but physical locations still key to strategy by Kavita Kumar at Minneapolis Star Tribune. “A company spokesman declined to give an official tally of the total number of Best Buy store closings in recent weeks, saying the retailer will update its store count when it reports its third-quarter earnings later this month.” Tiered subs.

 

Pier 1 Taps Debt Restructuring Expert as Chief Executive at Wall Street Journal. “Struggling retail chain Pier 1 Imports Inc. has hired a bankruptcy veteran to serve as its new chief executive. The Fort Worth, Texas-based home furnishings retailer said Monday it named Chief Financial Officer Robert Riesbeck to lead the company.” WSJ subs. | Press release

 

**A message from Home & Outdoor cookware – High quality cookware made for the cabin, camping, and the great outdoors. 3X stain and scratch resistance. Retail ready packaging. Sales deck | Samples: info@eyeonretail.net

 

Costco and Instacart test free one-hour prescription delivery as Amazon eyes the space at CNBC. “The pilot program is limited to California and Washington state, according to two people familiar, and it includes delivery to a Costco member’s home or office.” Read more

 

Amazon’s $1.45M effort to upend Seattle City Council yields mixed results in early reporting by Monica Nickelsburg at GeekWire. “Of the seven Seattle City Council seats up for grabs, four candidates with backing from the business community were leading their opponents in early election results.” Read more

 

Walmart drops lawsuit against Tesla over solar panel fires at The Verge. “…a settlement appears to have been in the works for a while. In August, Walmart spokesperson Randy Hargrove told The Verge that the companies were “working towards a resolution,” before adding that “if you were to characterize that as a settlement, we wouldn’t dispute it.” Read more

 

Thomson Reuters nabs REI’s Alex Thompson to be CCO at PR Week. Subs.

 

Amazon Announces New Amazon Robotics Innovation Hub “…and create 200 tech and advanced manufacturing jobs in Westborough, Massachusetts. Opening in 2021, the company plans to invest more than $40 million in the new site to allow Amazon Robotics to continue to grow its engineering, manufacturing, support and test teams in the state.” Press release

 

Mary-Kate and Ashley Olsen appear before some 1,800 Kohl’s Corp. employees in advance of the retailer’s launch of their clothing line by Rick Romell at Milwaukee Journal Sentinel. Read more

 

CBD-Dispensing Robots Show Up At 7-Eleven Stores at Forbes. Read more/Video

 

News team travels to different Target stores in CA to document price differences on same items at NBC 4 Los Angeles. 3:49 video

 

Tipsheet Extra

LA wants sealed takeout bags to stop drivers from stealing food

From Lawn Mowers To Rock Concerts, Our ‘Deafening World’ Is Hurting Our Ears

Amazon is reportedly testing step tracking on Echo Buds

Shopping ads come to YouTube’s home feed and search results

How Tapestry is trying to fix the Kate Spade brand

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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: Kroger Confident | K.Spade -16% | Target Improves | Barneys’ MIA Owner

/in

 

Kroger’s 2020 profit, same-store sales estimates top expectations at Reuters. “The company forecast adjusted profit between $2.30 and $2.40 per share in 2020, and identical sales growth, excluding fuel, to be greater than 2.25%.” Read more

 

…”We are confident that Restock Kroger is the right strategic framework for business growth in 2019 and 2020, and to position Kroger for long-term growth in the future,” said Rodney McMullen. Press release

 

Target’s First Loyalty Program Failed. Here’s How It Built a Better One by Diana Pearl at Adweek. “On stage at Adweek’s annual Brandweek summit, (Rick) Gomez said that ultimately, RedPerks simply wasn’t unique enough to set Target apart from its competitors. “This point-based, transactional program we were working on, it simply wasn’t very good,” admitted Gomez during his panel presentation, Marketing ‘For All’ Drives Results for Target.”  Tiered subs.

 

Weis Markets Q1 comp sales +1.7% Press release

 

Barneys’ MIA owner hangs at the beach while company struggles with bankruptcy by Lisa Fickenscher at NY Post. “The department store’s management team hasn’t heard a peep from Perry — who bought a controlling stake in the upscale retailer in 2012 — since before Barneys’ Aug. 6 bankruptcy filing, sources said. Making matters worse, the only information staffers have been able to glean of Perry’s whereabouts comes from the Instagram account of his fashionista wife, Lisa Perry, showing the dapper couple jet-setting as Barneys execs struggled to find buyers, sources said.” Read more

 

Tapestry Q1 net sales -2.0%. Comp sales by brand: Coach +1.0% / Kate Spade -16% Press release

 

Stay away from Wayfair’s ‘toxic’ stock, Jim Cramer says at CNBC. “Wayfair has lost around 50% of its value since its highs in March, Cramer said, including a nearly 20% fall last Thursday after a disappointing earnings report.” Read more

 

**A message from Real Coconut Water: Sweet, 100% pure coconut water. PL or branded organic in Tetra Pak. Sell sheet | Website | Samples: info@eyeonretail.net

 

Save A Lot to Offer Customers Amazon Services in Store Press release

 

De Beers is cutting prices across the board for the first time in years at Bloomberg via Fortune. “The price cut is unlikely to trickle down to the retail market and consumers shouldn’t expect to see diamond prices getting cheaper anytime soon. Part of the problem in the diamond industry is that prices have stagnated as other luxury offerings, like shoes, handbags and resort vacations, crowd the field.” Read more

 

David’s Bridal Receives Firm Commitments for $55 million of New Capital Press release

 

Amazon is responsible for most Big Tech job growth since 2000 at CNBC. “The five largest tech firms in the United States — Microsoft, Apple, Amazon, Alphabet, and Facebook — have collectively put more than 1 million people to work between 2000 and 2018.” Read more

 

ShopRite deli employee infected with Hepatitis A may have exposed shoppers at NJ Advance Media. Read more

 

UPS drone delivers medicine from CVS straight to customers’ homes at Cnet. “The prescriptions were lowered to their destinations via a cable while the drone hovered about 20 feet about each address. UPS said one of the packages was delivered to a customer with limited mobility…” Read more

 

Pier 1 Appoints Robert Riesbeck as CEO Press release

 

McDonald’s ousted CEO Steve Easterbrook steps down from Walmart board at CNBC. Read more

 

Tipsheet Extra

Juul disregarded early evidence it was hooking teens

TikTok’s global social media takeover is starting to slow down

Shopify, on a quest to be the anti-Amazon, now has 1 million businesses

Trump’s National Park Changes Could, Ironically, Help Jeff Bezos

MIT develops a way for robots to find your front door

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: Shoplift in CA | T Value #1 in HI | 100 C-store Rally @ Boston

/in

 

China’s Shoppers May Boycott U.S. Brands on Singles’ Day at Bloomberg via Fortune. “More than three-quarters of Chinese consumers surveyed said they’ll reconsider buying from American companies during the Singles’ Day shopping event on Nov. 11…“U.S. brands can expect some disruption because of the consequences of the US-China trade war on consumer sentiment,” the report said.” Read more

 

Mastercard SpendingPulse: U.S. retail sales excluding automobiles to grow 3.1% from Nov. 1 to Dec. 24. That’s compared to 5.1% growth during the same period in 2018. at CNBC. Read more

 

Walmart’s Strategy When Wading Into Culture Wars: Offend Few by Michael Corkery at NY Times. “Interviews with more than a dozen Walmart executives, former executives, company advisers and regulators show that the retailer’s approach to public policy issues is more nuanced than a desire to simply do the right thing. When Walmart said it would remove e-cigarettes from its shelves in September, vaping critics praised the move as validation of their health concerns. But Walmart’s decision was partly driven by concerns that the retailer would be stuck with excess inventory if more regulators began to outlaw vaping, executives say.” Tiered subs.

 

Barneys to begin store closing sales soon “The liquidation sale is expected to last for a limited time only as the firms work to quickly sell through all inventory during the upcoming holiday season. Gift cards may be redeemed until November 7th, 2019.” Press release

 

Newsweek – America’s Best Customer Service 2020 Awards for Retailers:

#1 Home Goods: The Container Store

#1 Home Improvement: True Value

#1 Outdoor: L.L.Bean

#1 Pet: Petsense

Full list

 

Amazon and JPMorgan to roll out new health insurance plans as part of Haven joint venture by James Thorne at GeekWire. Read more

 

Under Armour says US investigators are probing its accounting practices at Wall Street Journal. “…the Justice Department and the Securities and Exchange Commission are examining the sportswear maker’s revenue-recognition practices and whether it shifted sales from quarter to quarter to make them appear stronger.” WSJ subs.

 

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Walmart appears to be gaining ground against Amazon at CNBC. “The frequency of people buying items on Amazon six times or more per month has dropped to 40% this year from 80% in 2017, according to surveys by First Insight…55% said they prefer to shop at Walmart versus Amazon, up from about 47% a year earlier.” Read more

 

Kroger memo touts a ‘new brand’ and says ‘all will be revealed soon’ by Hayley Peterson at Business Insider. “The memo says “all will be revealed” on November 6, which is one day after Kroger plans to hold an investor meeting in New York…Our old approaches aren’t working,” states the memo, which was circulated internally…” Read more

 

Amazon unveils Small Business Academy to help third-party sellers bolster e-commerce presence by Nat Levy at GeekWire. “Amazon said the next seminar will be in December, but it didn’t give a location. Through grants, Amazon is supporting digital business classes launching in February at community colleges in Houston; Boston; Coeur d’Alene, Idaho; Elyria, Ohio; Fresno, Calif.; and Lakewood, Colo.” Read more

 

Disney Store is the latest retailer hit with an ADA lawsuit over Braille gift cards at Fast Company. Read more

 

Beauty Giant Coty Tries On a Smaller Size by Sharon Terlep at Wall Street Journal. “The maker of CoverGirl cosmetics, Clairol hair dye and OPI nail polish is abandoning a revival plan centered on adding businesses and spitting out new products. The new strategy: shrink, pay down debt and undo a failed makeover of one of its biggest brands.” WSJ subs.

 

California’s Prop 47 leads to rise in shoplifting, thefts, criminal activity across state by Barnini Chakraborty at Fox News. “…black-market dealers frequently cross state lines because they know California will go easy on them if caught. “They know what they’re doing. They will bring in calculators and get all the way up to the $950 limit,” Michelin told Fox News, adding that “one person will go into a store, fill up their backpack, come out, dump it out and go right back in and do it all over again.” Read more

 

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