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***Announcing the new Eye on Retail website for more headlines and stories off the beaten path! www.eyeonretail.net Costco April Comp Sales Flat / +7% Excluding Fuel “Costco reported net sales of $8.75 billion for the month of April, the four weeks ended May 3, 2015, an increase of two percent from $8.56 billion during the similar period last […]
Home Depot Aiming to Put Apple Pay in Its 2,000 Stores by Matt Townsend at Bloomberg. “(Home Depot) could accept mobile payments at those locations because its checkout terminals have near-field communication readers…Those devices have now been turned off for the past few weeks during an upgrade of its point-of-sale system, Holmes said. That led […]
Costco’s Craig Jelinek: Executives who join Costco from other companies “tend not to do well at Costco because they don’t understand the culture.” by Elliot Zwiebach at Supermarket News Read Speech Highlights Rosalind Brewer Named to “50 Most Powerful Moms” List at Working Mother. See the top 50 list Kroger Buys Hiller’s […]
Walmart’s Management Changes Indicate Important New Direction for U.S Stores by Walter Loeb at Forbes. “Greg Foran and Judith McKenna have decided to eliminate the executive level which supervised Walmart East and Walmart West. Julie Murphy’s position will not be filled and Joaquin Gonzales Varela, EVP of Walmart East has left the company. The […]
Target lays off 100 administrative assistants by Kavita Kumar at Star-Tribune. “Previously, many executives at director level and above at Target had an administrative assistant. Now, administrative assistants will work with at least two executives, a company spokeswoman said.” Read more …Is Target finished with layoffs at its headquarters? Apparently not. by Tom […]
Lowe’s brings 3-D printing to home improvement by Krystina Gustafson at CNBC. “In the latest project to come out of the home improvement store’s innovation labs, Lowe’s Orchard Supply Hardware store in Mountain View, California, on Wednesday will debut 3-D printing and scanning services that let shoppers customize their home accents and fixtures.” Read […]
Wal-Mart to build 115 new stores in China by 2017 at Reuters. “Wal-Mart Stores Inc will build 115 new stores in China by 2017 and upgrade 50 stores this year, the company’s chief executive said on Wednesday.” Read more EPA: Top 30 Green Power Users Among Retailers (Walmart #3, Best Buy #7, REI […]
Costco embraces Greek extra-virgin olive oil amid Italian crop’s woes by Angel Gonzalez at Seattle Times. “Chief Financial Officer Richard Galanti said the availability of the extra-virgin olive oil Costco usually purchases is down to one-tenth of the normal level. “We wanted to get a single source of good quality; for this year we […]