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“National Retail Federation CEO to banks: Breaches are your responsibility, too” by Phil Wahba at Fortune. “Those are their cards,” Matt Shay tells banks.” Read the interview “Target healing from breach, though shoppers remain at risk” by Kavita Kumar at Star-Tribune. “The roulette ball came up on Target,” said Charlie O’Shea, an analyst […]
“Amazon leases office space near Empire State Building” by Jay Greene at Seattle Times. “We have leased this building primarily as corporate office space and we intend to sublease to other tenants the ground-floor retail space,” Amazon spokeswoman Kelly Cheeseman said. Amazon has no current plans to open its own store in the space.” […]
“Wal-Mart closes loophole on PlayStation 4 scam” “We’ve updated our policy to clarify that we will match prices from Walmart.com and 30 major online retailers, but we won’t honor prices from marketplace vendors, third-party sellers, auction sites or sites requiring memberships.” Read the release “Nearly a year after breach, Target has its turnaround […]
“Lowe’s Q3 Comp Sales +5.1%” “Sales for the third quarter increased 5.6 percent to $13.7 billion from $13.0 billion in the third quarter of 2013…For the nine month period, sales were$43.7 billion, a 4.6 percent increase over the same period a year ago, and comparable sales increased 3.5 percent” Read the release “Lowe’s earnings, revenue top expectations” […]
“Home Depot Q3 Comp +5.2% (+5.8% in US)” “During the quarter we saw strong performance across all geographies led by growth in transactions and continued strength in the core of the store,” said Craig Menear, CEO and president.” Read more “Home Depot 3Q earnings top expectations” by Terri Cullen at CNBC. “Earnings for America’s […]
Busy Earnings Week – Highlights: 11/18: Home Depot 11/19: Lowe’s, Target & Staples 11/20: Best Buy & Dollar Tree “Target to offer primary care services in new clinic model” by Kavita Kumar at Star-Tribune. “The fact that Kaiser … will be staffing these clinics is a major departure for Target,” said Tom Charland, […]
“Walmart Stores Are Now Price-Matching Amazon.com” by Amit Chowdhry at Forbes. “Greg Foran, the president and CEO of Walmart U.S., said that the price-matching plan simply formalized what many of the stores were already doing. “About half of the stores were doing it anyway,” said Foran.” Read more Wal-Mart Q3 2015 Earnings Call […]
“Walmart Q3 Comp Sales +.5% in U.S.” “Sam’s Club comp sales, without fuel,1 increased 0.4 percent for the 13-week period ended Oct. 31. Sam’s Club increased membership income 10.1 percent for the quarter, and grew operating income more than twice the rate of sales growth. E-commerce sales globally increased approximately 21 percent on a constant […]