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“Get Ready for Christmas Creep: Walmart Starts Highlighting Hot Holiday Gifts” by Ashley Rodriguez at Ad Age. “Walmart held an event for more than 100 long-lead magazine and gift guide editors on Wednesday to showcase what it expects to be top sellers this holiday season…In the past, Walmart pitched media outlets to make it […]
“Rite-Aid: Q1 Front-End Comp Sales Flat” “The company reported revenues of $6.5 billion, net income of $41.4 million or $0.04 per diluted share, and Adjusted EBITDA of $282.6 million…Same store sales for the quarter increased 3.1 percent over the prior year. Front-end same store sales were flat compared to the prior-year period while pharmacy […]
“Jay Z and Mariah Carey, Coming to a Walgreens Near You” by Zack O’Malley Greenburg. “The partnership stems from a meeting (former Def Jam chief Kevin) Liles had with executives from Walgreens. They were talking about foot traffic and demographics…Liles asked for a list of the company’s best-selling product categories, and discovered that the […]
“Target Canada employees issue mea culpa in new video” by Hollie Shaw at Financial Post. “A company video shared in social media by president Mark Schindele carries an apologetic tone and a commitment to turn things around…“Certainly, we think that we have disappointed our Canadian guests,” says Damien Liddle, senior corporate counsel, echoing a promise to […]
“Target Hit with Register ‘Glitch’ and Long Lines on Sunday” by Kavita Kumar at Star-Tribune. “Customers around the country took to social media Sunday night reporting long check-out lines due to registers not working. Target did not elaborate on the exact problem or problems, but said it would provide updates as they became available. […]
“Whole Foods’ CFO dishes on the early days” by Colleen Leahey at Fortune. “What was the atmosphere like when you first started? We were just about to open stores seven and eight [Richardson, TX, and Palo Alto, CA], so the company was very small. [Co-founder] John Mackey actually did the financial plan on a spreadsheet […]
“Amazon to take on Angie’s List/Home Depot/Lowe’s by connecting patrons with service providers” by Deepa Seetharaman at Reuters via Columbus Dispatch. “Amazon.com Inc. plans to launch a marketplace this year for local services, a broad term that encompasses anything from baby sitters to handymen, people familiar with the matter said…at least one of the […]
“Michael Bloomberg Backed Moms in Action Take Their Fight to Target Shareholder Meeting” “Moms Demand Action for Gun Sense in America today announced that it will host a “Stroller Jam,” a gathering of moms and children with their strollers, outside of Target Corp.’s annual shareholder meeting in Dallas on Wednesday to continue its call […]