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“Costco June Comp Sales Up 6%” “Costco today reported net sales of $10.89 billion for the month of June, the five weeks ended July 6, 2014, an increase of ten percent from $9.91 billion during the similar five-week period last year.” Read the release “Family Dollar Q3 Comp Sales Decreased 1.8%” “The Company now expects to open 350-400 […]
Highlights from Walmart’s Vendor Open Call: ‘Taco Plate’ Founder on Walmart’s Open Call: “One unexpected moment for me was when Bill Simon (CEO of Walmart U.S.) opened the door on our meeting to congratulate me on the order. I was not expecting that.” by Kim Souza at The City Wire. Read more ” […]
“Walmart Back-on-Top in Fortune Global 500 (CVS #35, Costco #60)” See the Top 500 list “First TargetExpress store to Open July 23rd” at Minneapolis/St. Paul Bus. Journal. “Minnesota Public Radio reports that the mini-store— 20,000 square feet, or about one-sixth a typical Target — will open in the newly built Marshall apartment building. […]
“Costco CEO flew to Google’s California campus to meet Google CEO Larry Page before agreeing to participate in the Google Shopping Express program” by Jason Del Ray at re/code. “Costco CFO Richard Galanti also met with execs at Google on a separate trip…ongoing suspicion that Google could eventually build an Amazon-like marketplace in which the search giant sells […]
“Target Opening Pop-Up Store in Minneapolis for MLB All-Star Game” by Nick Halter at Minn./St. Paul Bus. Journal. “A map submitted to the city by the Twins and MLB shows a 4,800-square-foot store on the parking lot at First Avenue and Sixth Street, which is behind Gluek’s Restaurant and Bar.” Read more ” “Amazon Was […]
Costco’s Jim Sinegal on Amazon: “They probably did get the idea (for Amazon Prime) from us” at CNBC. “I think what will stop them is if, No. 1, the pressure of becoming profitable becomes so great that they’ve got to change their game plan,” he said. “I think that eventually they have to figure […]
“Kroger rolls out three new store brands” by Steve Watkins at Cincinnati Bus. Courier. “Customers are seeing the brands – Psst, Check This Out and Heritage Farm – on hundreds of Kroger’s private-label products. “These brands all are designed to reflect the good quality and excellent value customers expect from Kroger,” McMullen told the […]
“Home Depot and BJ’s Wholesale look to help honeybee population” by Carey Gillam at Reuters via Globe & Mail. “Home Depot is requiring its suppliers to start such labeling by the fourth quarter of this year, said Ron Jarvis, the company’s vice president of merchandising/sustainability. Home Depot is also running tests in several states […]