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Grubhub insists it’s not exploring a sale by John Pletz at Crain’s Chicago Business. “Grubhub: ‘In fact, we believe that given the current pressure on profits across our public and private competition, there will likely be strategic opportunities to acquire share this year— given that our profitability is secure.’” Read more …Walmart, other […]
US retail sales rise more than expected in August at Fox Business. “Retail sales climbed by 0.4 percent in August, well above analyst expectations of 0.2 percent, on the heels of blowout data in July.” Read more Walmart Is Testing a Fulfillment Service for Vendors to Match Amazon by Matthew Boyle at Bloomberg. […]
Target CEO Brian Cornell reiterates forecast, apologizes to customers for weekend outages at CNBC. “There was no impact to the company’s earnings forecast as a result of the outage, said Cornell in an interview on Wednesday with CNBC’s Becky Quick on “Squawk Box.”…“Within a couple of hours, our teams were able to identify the […]
A glitch stalled checkout lines at Target stores worldwide Saturday at AP News. “After an initial but thorough review, we can confirm that this was not a data breach or security-related issue, and no guest information was compromised at any time,” Target said.” Read more …TARGET SAYS SUNDAY OUTAGE NOT RELATED TO SATURDAY […]
‘They offered us everything but the kitchen sink’: Direct to Consumer brands are mostly spurning Amazon by Hilary Milnes at Digiday.”Several brand founders told Digiday that Amazon has offered them special deals to get them to sell. Those deals include financial investments ranging from $500,000 to $1 million if the brand would commit to […]
CVS, Walmart resolve pharmacy contract impasse at Reuters. “Evercore ISI analyst Ross Muken said the speed at which the dispute was resolved likely points to the negotiating strength of pharmacy benefit managers in contract discussions.” Read more Tiffany comp sales fell 2 percent during the holiday season at CNBC. Read more Walmart […]
Target is making a bigger bet on baby by Lauren Thomas at CNBC. “In deciding to grow Cloud Island, (Mark) Tritton explained, “We like to see what customers buy with what… what they come back with frequency on. As they buy x, they buy y.” He said many moms and dads come to Target […]
Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid at Reuters. “The billionaire’s proposal, made through his hedge fund ESL Investments Inc, will save up to 45,000 jobs and keep 425 stores open across the United States.” Read more Nordstrom says sales at some stores ‘below expectations’ this holiday season […]