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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 […]
Target cuts 140 more jobs at Minneapolis headquarters by Kavita Kumar at Star Tribune. “Most, but not all, of those laid off in this latest round of job cuts were in the recently formed “business performance optimization” group…In addition, Target closed 50 open positions…After these latest cuts, Target has laid off about 2,500 workers […]
Survey: Dads spend more than moms shopping by Robert Channick at Chicago Tribune. “A third of dads say they try to buy products on sale, versus 52 percent of moms…”Discounts are such a point of pride for mom,” Bruno said. “For dad, it’s the opposite — deals are an insult to his vanity a […]
Target’s $1.9 Billion Deal Started With Friendly Dinner by Lauren Coleman-Lochner at Bloomberg. “(Brian) Cornell and CVS’s CEO, Larry Merlo, have known each other for years and are occasional dinner companions…“We would get together for dinner from time to time and we always compared notes in terms of challenges, opportunities,” he said…“Over time, I think […]
CVS buying Target’s pharmacy, clinic businesses for $1.9b via Boston Globe. “The deal includes more than 1,660 pharmacies in Target stores that will be branded as CVS/pharmacy. The agreement also calls for new Target stores to include a CVS/pharmacy if they are going to offer pharmacy services.” Read more Yahoo Hires Former JCPenney CMO […]
Doug McMillon Speaks at Retail Conference by Kim Souza at The City Wire. “When our numbers got bigger over the years we weeded out some of the risk takers which are important to the equation. You can manage a department to death,” he added…a participant asked McMillon what he would ask IBM’s Watson to […]
As Not Seen on TV: Wal-Mart Dials Back on Ads in Low-Price Push by Renee Dudley at Bloomberg. “In Sunday newspapers…the frequency of Wal-Mart circulars that advertise specials is down by about half from a year ago. “We are getting back to a place where we are playing offense with price to best serve our […]