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From Online Shoppers to Dairy Farmers, the New Nafta Will Leave Winners and Losers in Its Wake at Fortune. “The deal will raise Canada and Mexico’s de-minimis levels, or the threshold above which consumers pay tax on a cross-border shipment. This means, for instance, that Canadians will now be able to buy more online, […]
Kroger and Walgreens want to buy products together to cut supplier costs at CNBC. “Kroger and Walgreens hope more retailers will join their alliance. “If another organization thinks they have significant buying in these areas, they could partner with Kroger and Walgreens to save and reduce waste,” Millerchip said.” Read more Home Depot […]
Fourth Floor, Men’s Wear. Fifth Floor, Martinis. at NY Times. “All over Midtown Manhattan, department stores are opening a new department: the spiffy, up-to-date cocktail bar. The new Neiman Marcus at Hudson Yards has Bar Stanley, a snug nook on the sixth floor that has two prebatched and bottled cocktails among its offerings. This […]
Boot Barn CEO plans to double store count to 500 at CNBC. “We’ve said in the past that this is a massive retail opportunity that’s been hidden in plain sight for years,” (CEO) Conroy said. “It’s hard to understand when you’re in Manhattan or when you’re in Los Angeles, but when you fly across […]
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 […]
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 […]
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 […]
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 […]
