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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 […]
Ahold, Delhaize Shares Soar on Reports of Merger Discussions by Paul Jarvis & Elco Van Groningen at Bloomberg. “Together, they would control about 4 percent of the U.S. grocery market, analysts at Natixis estimate, and would have a presence along the entire East Coast. In Europe, a combined business would be the fourth-biggest food […]
Target ball Web craze is merrily rolling along by Kavita Kumar at Star-Tribune. “If you search the hashtag on Instagram, there over 2,000 pictures from people around the country taking the selfies,” said Byington, 32, of Birmingham, Ala. “It’s crazy.” People sit on the red balls. They stand on them. They do yoga on […]
Walmart Canada Scoops Up 13 Former Target Canada Stores by Marina Strauss at Globe & Mail. “(Walmart) said on Friday it has struck agreements to acquire Target store leases, one owned property and a distribution centre for about $165-million. It plans to invest another $185-million to renovate the 13 stores and distribution centre.” Read […]