Tipsheet: No Pay Payless | Target Groc Growth CLT | RH Flat
H&M shares surge as turnaround gathers pace by Dominic Chopping at MarketWatch. “The Swedish company posted a net profit of 803 million Swedish kronor ($86.4 million) for the quarter ended Feb. 28…beat an analyst forecast by FactSet that pointed to a profit of SEK525 million.” Read more
Dollarama Q4 comp sales +2.6% Press release
RH Q4 net revenue flat (vs. +14% LY) Press release
Netflix Ranked as No. 1 Fastest-Growing U.S. Brand in 2019 at Brand Finance via Variety. “After Netflix, other companies that saw the biggest brand-value gains from 2018-19 on Brand Finance’s study were Taco Bell (+83.4%), American Express (+81.8%), Hampton Inn (+78.3%), Jacobs Engineering (+77.3%), General Dynamics (+74.9%), Nvidia (+73.3%), Dunkin’ (+73.0%), Pizza Hut (+72.8%) and Discovery (+70.6%).” Read more
Walmart/Walgreens/Amazon/Kroger get perfect score on 2019 Corporate Equality Index at Human Rights Campaign Foundation. Read more
Payless Still Hasn’t Paid the Agency Behind Its Viral ‘Palessi’ Stunt by Patrick Coffee at Adweek. “According to several sources with direct knowledge of the matter who spoke to Adweek on condition of anonymity, New York-based DCX, which produced and created the campaign itself, has seen only a small fraction of its due compensation…Multiple parties estimate the total amount owed by Payless to be approximately $500,000.” Tiered subs.
Brett Biggs, Walmart CFO, spoke to a group of investors Thursday (March 28) at the Evercore ISI retail summit in Atlanta by Kim Souza at Talk Business. “By the end of 2019, Walmart will offer online grocery pickup in 3,000 stores which is a milestone because of the halo effect this provides to the company’s overall performance. Online grocery shoppers tend to spend nearly two times more than traditional store shoppers.” Read more
Office Depot pays $35 million over claims it lied to customers about malware infections at The Verge. “…if (customers) answered yes to any of the four questions about crashes, pop-ups, slow speeds, or viruses. The program would then provide a “view recommendation” prompt, offering tech services from Office Max and Support.com to fix the “problems,” which could cost up to hundreds of dollars.” Read more
Target has gained the most grocery sales in Charlotte over the last year by Katherine Peralta at Charlotte Observer. “The other big retailer that gained market share was Publix…grew its market share to 8.9 percent from 7.1 percent over the year.” Read more/Market share
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Bed Bath & Beyond lays off nearly 150 of its 65,000 employees at CNBC. “Those (50) employees were largely in the field support team that helps staff its stores…A round of layoffs also hit the company’s Christmas Tree Shops (where) fewer than 100 of its department and store managers were let go.” Read more
She was denied miscarriage medication at Meijer. Now the company is making changes by Kristen Jordan Shamus at Detroit Free Press. “Meijer: ‘We recognize the right of a pharmacist to abstain from filling a prescription based on his or her religious beliefs, but the pharmacist is required to have another Meijer pharmacist fill the prescription.'” Read more
Drew Barrymore launches home decor line at Walmart by Lisa Fickenscher at NY Post. “The 200-plus items include a wicker cat bed with pointy ears for $74, a framed painting of a “human dog” in a tuxedo for $59, a “hand woven macrame” basket set for $70, and an $899 velvet pink Parisian sofa.” Read more
Woman pays for others’ cakes at Publix bakery on late child’s birthday by Eric Hilt at Newschannel 5 Nashville. “It was overwhelming,” Harris said. “I just kind of speechless and I just kind of walked around Publix for the next few minutes processing…It was a beautiful gesture, it truly was.” Read more
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Ikea’s next big thing is self-care
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