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Bed Bath & Beyond Q1 Comp +2.2% “The Company is modeling a 2.0% to 3.0% increase for comparable sales for the fiscal 2015 second quarter and continues to model a 2.0% to 3.0% increase for the remainder of the year.” Read the release CNBC: America’s Top States for Business 2015 (Minnesota #1, Georgia […]
Wal-Mart to impose charges on suppliers as its costs mount by Nathan Layne at Reuters. “For instance, Wal-Mart is seeking to charge a food supplier 10 percent of the value of inventory shipped to new stores and to new warehouses, both one-time charges, and 1 percent to hold inventory in existing warehouses, according to […]
Walmart will no longer sell products with the Confederate flag by Sarah Begley at Fortune. “We never want to offend anyone with the products that we offer,” the spokesman, Brian Nick, said. “We have taken steps to remove all items promoting the confederate flag from our assortment—whether in our stores or on our web […]
Amazon Online Audience Doubles Wal-Mart’s by Douglas A. McIntyre at 24/7 Wall Street. “In May, it posted 182 million unique visitors, fourth among all sites in the United States. Wal-Mart Stores…had an online unique audience of 86 million.” Read more The result of Chicago plastic bag ban: Shopping bags to be sturdier by […]
Walmart Greeters Moving Back to the Front of the Store by Benjamin Snyder at Fortune. “The reason? To check for possible theft among shoppers and reduce the amount of money lost on stolen items each year…The test is taking place at a few hundred stores in the U.S.” Read more How a Wall […]
Target cuts 140 more jobs at Minneapolis headquarters by Kavita Kumar at Star Tribune. “Most, but not all, of those laid off in this latest round of job cuts were in the recently formed “business performance optimization” group…In addition, Target closed 50 open positions…After these latest cuts, Target has laid off about 2,500 workers […]
Survey: Dads spend more than moms shopping by Robert Channick at Chicago Tribune. “A third of dads say they try to buy products on sale, versus 52 percent of moms…”Discounts are such a point of pride for mom,” Bruno said. “For dad, it’s the opposite — deals are an insult to his vanity a […]
Target’s $1.9 Billion Deal Started With Friendly Dinner by Lauren Coleman-Lochner at Bloomberg. “(Brian) Cornell and CVS’s CEO, Larry Merlo, have known each other for years and are occasional dinner companions…“We would get together for dinner from time to time and we always compared notes in terms of challenges, opportunities,” he said…“Over time, I think […]