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“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 […]
“At Target, board vote should be 6 yes, 1 no” by Lee Schafer at Star-Tribune. “(James) Johnson is no more responsible for Target getting hacked than any of the others, but he should have long since been gone from this board because of his disastrous turn as CEO of Fannie Mae. While he’s managed to […]
“Wal-Mart Shareholders recap: Customers and new tech are the focus” by Kim Souza at The City Wire. “(Doug) McMillon said the goal (of Click & Collect) is to adopt something like he saw at ASDA recently. He said the grocery order was placed online to pick up at the store. But on the way to the […]
“Target tries to win hearts and clicks of Gen Y” by Hadley Malcolm at USA Today. “Millennials aren’t smitten with Target, and the company knows it. Last fall, Target learned that to Millennials, the company is nothing more than a big-box store. Buy from Target online? Who does that? Not Millennials, apparently.” Read more […]
“Costco Comp Sales +6% in May” “Costco reported net sales of $8.78 billion for the month of May, the four weeks ended June 1, 2014, an increase of eight percent from $8.13 billion during the similar four-week period last year.” Read the release “Walgreens Front-End Comp Sales +2.6% in May” “Walgreens had May […]
“Target Gets Twitter Heat From Gun Control Group” by Christopher Heine at Ad Age. “Moms Demand Action for Gun Sense in America, a Michael Bloomberg-backed organization in favor of more gun control, is applying notable pressure on Target via Twitter this evening. The activist group is drawing attention to an open-carry gun policy that the retail giant evidently […]