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NY Times: “Walmart Memo Orders Stores to Improve Grocery Performance” by Steven Greenhouse & Hiroko Tibuchi. “The memo — leaked for public use by a Walmart manager unhappy about understaffing — also tells stores to be sure to “rotate” dairy products and eggs, which means removing expired items and adding new stock at the […]
Happy Veterans Day! “Target joins the Black Friday early birds” by Kavita Kumar at Star-Tribune. “Black Friday shoppers, set your watches — err, smartphones — for 6 p.m. on Thanksgiving night. That time is shaping up to be the main event for the big shopping frenzy this year. On Monday, Minneapolis-based Target said […]
“Wal-Mart Feels Pinch From China Austerity Campaign” by Laurie Burkitt at WSJ. “The Chinese government’s push to clean up excessive consumption at its state-owned enterprises has hit overall consumer confidence and retail, Mr. (Scott) Price said in an interview Sunday on the sidelines of the Asia-Pacific Economic Cooperation CEO Summit. “The austerity campaign was […]
“Target’s new elves have a story to tell” by Sabrina Korber at CNBC. “The partnership between the companies began eight weeks ago, when Cornell approached Shechtman at the boutique. She had no idea who he was. “I was wearing sweatpants when I met Brian,” she told CNBC. “I was embarrassed at the time, but […]
“Amazon Is Testing Taxis for Deliveries” by Greg Bensinger at WSJ. “Amazon.com Inc. this fall tested package delivery by licensed cab in San Francisco and Los Angeles using taxi-hailing mobile app Flywheel, according to people familiar with the matter. Amazon is studying the broader use of taxis as delivery vehicles, the people said…The Flywheel […]
“Target to Shutter 11 Stores” by Kavita Kumar at Star-Tribune. “It also swatted away an investment firm trying to buy shares on the cheap and started selling tchotchkes made by 3-D printers, latching on to one of the hottest things in high-tech…The 11 stores will be shuttered by Feb. 1, around the end of […]
“CVS Q3 Front-End Sales Down 4.5%” “Front store same store sales would have been approximately 480 basis points higher if tobacco and the estimated associated basket sales were excluded from the three months ended September 30, 2014 and 2013.” Read the release “Target quietly testing mobile payment app to rival Apple Pay” by Kavita Kumar […]
“How Alibaba Plans to Help U.S. Exporters” at WSJ. “MR. BERMAN: What U.S. small business products would make sense in the Chinese market? MR. MA: Last year we helped Washington state. We sold 150 tons of cherries. We sell Alaska seafood. We sold 80 tons of nuts to China. There are so many farm […]