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Target’s Brian Cornell Sits Down with Star-Tribune by Kavita Kumar. “We like light bulbs,” said Cornell, who celebrated his 56th birthday last week. “But we’re not going to be famous for selling light bulbs.”…Cornell met with the leaders of Warby Parker in New York, where he learned about how they vet ideas and quickly […]
What Amazon’s Hire of Former Obama Spokesman Says About Its PR Machine by Jason Del Rey at Recode. “The move signals Bezos’s desire to have a stronger presence inside Washington as Amazon becomes more powerful across industries as varied as warehousing, retailing, cloud computing and publishing. New initiatives such as its delivery drones have […]
Wal-Mart CEO talks about pay raises, how customers shop and what he’s learned from critics by Anne D’Innocenzio at AP via Star Tribune. “McMillon, 48, spoke with The Associated Press exclusively about the pay and training increases, the fallout from the Bangladesh disaster and other issues that are affecting Wal-Mart. What follows are edited […]
Lowe’s Q4 US Comp +7.4% “Lowe’s today reported net earnings of $450 million for the quarter ended January 30, 2015, a 47.0 percent increase over the same period a year ago…Fiscal year 2015 outlook: Comparable sales are expected to increase 4 to 4.5 percent, the company expects to open 15 to 20 home improvement and hardware stores.” […]
Home Depot Q4 US Comp Sales +8.9% “The Home Depot today reported sales of $19.2 billion for the fourth quarter of fiscal 2014, an 8.3 percent increase from the fourth quarter of fiscal 2013. Comparable store sales for the fourth quarter of fiscal 2014 were positive 7.9 percent.” Read the release CNBC: Home […]
Most West Coast ports in full swing to make up for lost time at Seattle Times. “Three terminals at the Port of Seattle were full Sunday, with five vessels waiting to be unloaded as most West Coast seaports were back at full operation after a deal was reached Friday with dockworkers…Dockworkers in Los Angeles […]
Fortune: World’s Most Admired Companies 2015 (Amazon #4, Costco #16, Walmart #38…) See the Top 50 list …Target falls 19 spots from No. 29 to No. 48 by Nick Halter at Minn./St.Paul Business Journal Read more Yesterday: Walmart CEO Appears on CNBC “We make wage adjustments all the time. We just decided […]
Walmart Q4 Comps: US: +1.5% Sam’s (no fuel): +2.0% Neighborhood Market: +7.7% Ecom Sales +22% for the year Read the release Walmart: We’re giving 500,000 people a raise by Myles Udland at Business Insider. “Current and future associates will benefit from this initiative, which ensures that Walmart hourly associates earn at least $1.75 […]