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Costco Has Quietly Been Testing a New Store Concept for 23 Years by Brian Sozzi at The Street. “Once the Denver store opens, Costco will have 11 Business Centers in operation across the country, mostly on the West Coast. Four of the stores are located in California and two more are in Costco’s backyard […]
Amazon abruptly delays ‘Treasure Truck’ rollout after a week of hype by Todd Bishop at GeekWire. “Is it possible that Amazon forgot to apply for a permit in its bureaucracy-loving hometown? The city’s regularly updated list of sidewalk and plaza vending permit applications doesn’t reference Amazon or the initial Treasure Truck location.” Read more […]
Target Parts Ways with Chief Merchant Kathee Tesija “Brian Cornell: ‘This role is critical to ensuring Target’s future success and we are conducting a comprehensive external and internal search for a new leader. On behalf of the entire Target team, I want to thank Kathee for all she has done on behalf of our […]
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 […]