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“Target & Walmart Team Up on Sustainability” by Kavita Kumar at Star-Tribune. “The nation’s two largest discount retailers took the unusual step of co-hosting a meeting in Chicago to push beauty and personal care suppliers to be more transparent about the chemicals that go into their products…The forum was attended by about 75 people, including […]
“Costco Comp Sales +7% in August” “Costco reported net sales of $8.8 billion for the month of August, the four weeks ended August 31, 2014, an increase of ten percent from $8.0 billion during the similar period last year…For the 52-week fiscal year ended August 31, 2014, the Company reported net sales of $110.2 […]
“Walmart Workers Rant About the “Nonsense” New Dress Code” by Hamilton Nolan at Gawker. “The Walmart employee who sent us this information told us, “I believe Walmart is placing yet another financial burden upon the workers…I do hope that media attention will cause the company to either set up a hardship fund to help […]
“Dollar General sweetens cash bid for Family Dollar to $80 a share, or about $9.1B” by Andrew Ross Sorkin at CNBC. “Dollar General is willing to sell up to 1,500 stores if required by the U.S. Federal Trade Commission, even though it feels its pledge to divest 700 stores in its prior proposal provides […]
“Walmart ‘Pickup Grocery’ site preps for grand opening” by Kim Souza at The City Wire. “The retailer has named the test format Walmart Pickup Grocery…amid a flurry of activity as the 15,000 square-foot grocery center is being stocked with 10,000 fresh and dry grocery products – everything from cereal, chips and bread to fresh […]
“Dollar General Q2 Comp Sales +2.1%” “CEO: ‘In regards to our proposal to acquire Family Dollar, we remain firmly committed to the acquisition. The financial benefits of our offer to Family Dollar shareholders are indisputable, and the proposed combination would unlock tremendous value for Dollar General shareholders. We continue to believe the potential antitrust issues […]
“Target & Nordstrom make Instagram shoppable” by Krystina Gustafson at CNBC. “Target and Nordstrom are teaming up with Curalate, a visual marketing and analytics firm, to launch Like2Buy, a platform that seamlessly allows Instagram users to make purchases when they see an item they like on their feeds.” Read more “Soggy start: Burning Man […]
Walmart’s Duncan Mac Naughton Next Out the Door? by Kim Souza at The City Wire. “Some close watchers of the Wal-Mart corporate world say Mac Naughton may follow Bill Simon, former Walmart U.S. CEO, out the door. Simon was not picked to be Wal-Mart CEO, and Mac Naughton was considered a candidate for the […]