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Lilly Pulitzer called out for fat-shaming by Mara Siegler at NY Post. “Along with shots of Lilly products and staff, the site showed a wall decorated with a drawing of a woman with sagging fat in a bikini that says, “Put it down carb face.” The other says, “Just another day of fat, white […]
Amazon to stop funneling European sales through low-tax haven by Mark Scott at NY Times via Seattle Times. “The European Commission, the executive arm of the European Union, is also investigating whether Apple and Amazon receive unfair state support through low-tax agreements in Ireland and Luxembourg, respectively, where the companies run their European operations.” […]
Lowe’s Q1 US Comp Sales +5.3% “Lowe’s today reported net earnings of $673 million for the quarter ended May 1, 2015, a 7.8 percent increase over the same period a year ago.” Read the release Lowe’s Earnings & Revenues Miss Estimates by Katie Little at CNBC. “Total same-store sales rose 5.2 percent. Analysts […]
Home Depot Q1 US Comp Sales +7.1% “Comparable store sales for the first quarter of fiscal 2015 were positive 6.1 percent…the Company raised its fiscal 2015 sales guidance and now expects sales will be up approximately 4.2 percent to 4.8 percent and comp sales will be up approximately 4.0 percent to 4.6 percent.” Read […]
Target Puts Some Food Suppliers on the Back Burner by Paul Ziobro at WSJ. “In grocery, the company has a clear idea of what will fit in “signature” and “perform,” but is still working out what will qualify for the middle category. The difference is crucial. Brands that fall into the bottom “perform” category […]
Market Force: Rankings of Favorite Grocery Store Chain (Trader Joe’s-First, Walmart-Last) See the 14 Chains Ranked CVS pays $22 Mil to resolve Florida painkiller probe by Jonathan Stempel at AP. “These revocations were part of a crackdown in Florida on illegal sales of controlled substances, at the height of what Bentley called the […]
Target removes T-shirt from stores after designer claims it was copied from her by Kavita Kumar at Star-Tribune. “Joshua Thomas, a Target spokesman, said in a statement that Target has a “deep appreciation for design” and so was concerned when this was brought to the Minneapolis-based retailer’s attention. “We’ve been in contact with the […]
Target stores to introduce dedicated smart-home sections by Megan Wollerton at CNET. “Later this month, Target is launching an 8-foot connected-home statement in Target stores nationwide,” said the Target rep. “Products featured within the statement include home cameras and sensors, location tracking devises and digital scales. By “statement,” the rep later clarified she meant “a […]