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“Lowe’s to open two stores in New York City next year” by Ken Elkins at Charlotte Bus. Journal. “It plans to open the two Manhattan stores during the second half of 2015. Each will measure about 30,000 square feet…The stores will be located at 2008 Broadway at West 68th Street and at 635 Sixth […]
“Why CVS and Rite Aid are blocking Apple Pay” by Phillip Elmer-DeWitt at Fortune. “I don’t know that CVS and Rite Aid disabling Apple Pay out of spite is going to drive customers to switch pharmacies” writes Gruber. “But I do know that CurrentC is unlikely to ever gain any traction whatsoever.” Read more […]
“Walmart Unveils New Shopper Marketing Framework” by Patrycja Malinowska at Path to Purchase. “Andy Murray called on brands to retire the “stop, hold and close” approach to in-store activation. Instead of disrupting shoppers, he said brands should seek to inspire and engage them. In terms of displays and PDQs, the retailer wants more value-added messaging at […]
“Target Canada to experiment with overstocking in turnaround effort” by Marina Strauss at Globe & Mail. “The chain is quietly experimenting with ordering more merchandise than its systems think it needs for five of its best performing stores while “over-investing” in strong selling inventory at its top 20 outlets, Mr. Schindele said during a […]
“Target puts focus back on ‘cheap-chic’ with eye on winning back holiday shoppers” by Phil Wahba at Fortune. “If we go back during the last few years, during those recessionary periods, we probably played harder on the ‘pay less’ side than on the ‘expect more’ side, ” Brian Cornell, Target CEO since August, told […]
“Parents outraged as U.S. Toys ‘R’ Us sells ‘crystal meth’ Breaking Bad dolls” by Rosa Prince at The Telegraph via Vancouver Sun. “Parents took to the toy giant’s Facebook page to say that they did not want their teenagers to be exposed to drug dealing even at the age of 15. One wrote: “Nothing […]
Jeff Jones: “Target’s Target No Longer Just The “White Suburban Mom” by Suzanne Vranica at WSJ. “During a 45-minute presentation to hundreds of marketers attending the “Masters of Marketing” conference taking place in Orlando, Target CMO Jeff Jones gave a honest assessment of Target’s recent woes.” Read more (Subscription) “How Target Used Data […]
“Former Walgreen CFO sues company for defamation over forecast error” at Chicago Tribune. “Former Walgreen Co. Chief Financial Officer Wade Miquelon sued the drugstore operator on Thursday, alleging company executives defamed him in news reports that blamed him for errors in its earnings forecast. Miquelon sued Walgreen in a state court in Chicago claiming that Chief […]