Advent to take 80% stake in Walmart Brazil at CNBC. “The transaction is subject to approval from Brazillian regulators. The amount of the deal was not disclosed. Walmart said it expects to take a noncash net loss of approximately $4.5 billion, largely due to currency fluctuations.” Read more

 

Sam’s Club will now match Walmart’s prices after furious customers complain by Hayley Peterson at Business Insider. “John Davidowsky bought a $689 television at a Sam’s Club store in Scranton, Pennsylvania on May 11, and the next day, he said he saw the exact same TV advertised at Walmart— which owns Sam’s Club — for $579.” Read more

 

Lowe’s CFO Marshall Croom Announces Retirement Press release

 

Target makes play for bigger piece of beauty marketplace by Kavita Kumar at Star Tribune. “People are hungry for new ideas that more reflect them rather than just relying on the mass,” said Mark Tritton, Target’s chief merchandising officer. “With the rise of newcomers and new ideas, it makes this a really kind of sexy place to play.” Read more (Tiered subs.)

 

SAM WALTON APPEARS AS HOLOGRAM AT WALMART MEETING by Nathan Owens & Christie Swanson at Northwest Arkansas Democrat Gazette. “We sure appreciate you,” a lifelike holographic projection of the company’s founder said on stage Friday at Walmart’s closing shareholders week event. “Your whole company appreciates you. And together, it will be mind-boggling what we can achieve.” Read more

 

…Sam Walton Hologram Video

 

CVS Health will stop contributing to a pro-Trump nonprofit by Jessica Bartlett at Boston Business Journal. “MapLight, a nonpartisan nonprofit that tracks money in politics, reported that CVS Health had donated $500,000 to America First Policies.” Read more

 

More Books Are Selling, but Retail’s Future Worries Publishers by Jeffrey A. Trachtenberg at Wall Street Journal. Read more (Subs.)

 

HOUSTON – H-E-B’s 64,000-square-foot snack plant to open mid-2019 by Jen Para at Houston Business Journal. Read more

 

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Catalina CEO is out as company streamlines operations by Margie Manning at Tampa Bay Business Journal. Read more

 

DOUG MCMILLON CAN BUY MOST OF HIS CLOTHES FROM WALMART NOW – by Kim Souza at Talk Business. “Being totally open, there were times I never bought all my apparel at Walmart,” McMillon said. “But I am buying a lot from Bonobos these days and with the Lord & Taylor addition I don’t know if I need to shop anywhere else. That’s really exciting.” Read more

 

Rent the Runway Co-Founder to Take on Amazon With New Shopping Service by Zoe Henry at Inc. Read more

 

HelloFresh to start selling meal kits at Giant Food and Stop & Shop stores at USA Today. Read more

 

Walmart Board Chairman Greg Penner used his recent ascent of Mt. Everest to offer motivation to 14,000 Walmart employees by Kim Souza at Talk Business. Read more

 

The ‘retailpocalypse’ is over and it’s time to go long Macy’s, Evercore ISI says at CNBC. “In a nutshell, we are convinced that old-world brands and retailers are figuring out how to manage inventory and market to consumers in the digital era, a critical turning point for the sector,” Saad said in a note Sunday.” Read more

 

REI and National Forest Foundation Team Up Again in 2018 Press release

 

Apple Pay tests ‘order ahead’ for drinks at music festivals by Josh Constine at TechCrunch. “BottleRock’s upscale wine and oldies music fest, 100 miles from the tech giant’s headquarters, has become a test bed for Apple Pay. Last year, every concession stand got equipped with the Square’s Apple Pay-ready point of sale system and special fast lanes for customers who used it…” Read more

 

J.Crew under fire for promoting boy in a feminist T-shirt by Rina Raphael at Fast Company. “I’m really unsure who advises companies to be so political with the chance of losing half or more of your sales,” wrote one disgruntled customer.” Pic/Read more

 

Tipsheet Extra Stories

Walmart buyer faces 10 years of prison for stealing trade secrets

Lush’s latest ad campaign about police corruption is just wild

Home Depot co-founder reveals why they stocked shelves with empty boxes in its early days

Man sues CVS because employee revealed his secret prescription of Viagra to his wife

Louis Vuitton hired a shaman to stop the rain for fashion show

Read Tipsheet Extra Stories

 

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