Tipsheet: Cornell Apologizes | HEB CEO #2 | WM Open Call Today


Target CEO Brian Cornell reiterates forecast, apologizes to customers for weekend outages at CNBC. “There was no impact to the company’s earnings forecast as a result of the outage, said Cornell in an interview on Wednesday with CNBC’s Becky Quick on “Squawk Box.”…“Within a couple of hours, our teams were able to identify the root cause and push the fix to our stores and get us back up and running,” he said. “But disappointing performance.” Video/Read more


Walmart’s Kickstarting a $1 Trillion Driverless Delivery Market by Keith Naughton & Matthew Boyle at Bloomberg. “This area has the least number of obstacles and the most certain return on invested capital in the near term,” said Mike Ramsey, an analyst with consultant Gartner Inc. “If you’re looking to start a business where you can actually generate revenue, this has fewer barriers than the taxi market.” Tiered subs.


Former CVS exec can’t work for Amazon’s PillPack, judge rules at Reuters. “…saying that allowing him to take a job where he would help drive its “disruptive strategy” would violate a non-compete agreement.” Read more


Walmart hosted a prep day Tuesday (June 18) for participants for this year’s Open Call event, to be held Wednesday at HQ by Kim Souza at Talk Business. “More than 500 businesses from across the globe are in Northwest Arkansas this week trying to get their products on Walmart shelves. This is the sixth year Walmart has held the Open Call…” Read more


Amazon Air cargo network adding 15 more planes, with fleet expected to hit 70 by 2021 by Kurt Schlosser at GeekWire. “Amazon Air launched in 2016 and now operates out of more than 20 U.S. airports. New facilities will open this year at Fort Worth Alliance Airport, Wilmington Air Park, and Chicago Rockford International Airport.” Read more


Apple Is Reportedly Asking Suppliers to Shift at Least 15% of Output from China at Fortune. Read more


Stop & Shop president stepping down by Jonathan Ng at Boston Herald. “The shake-up comes months after an 11-day strike in April in which more than 31,000 employees walked off the job, disrupting 246 of Stop & Shop’s 415 stores…McGowan will be replaced by Gordon Reid, president of Giant Food…” Read more


These are the top 100 CEOs in 2019, according to actual employees (HEB’s Butt #2, Best Buy’s Joly #9, Costco’s Jelinek #42) at Glassdoor. Top 100 list


**A message from BK Resources: The ION Antimicrobial Handsink is infused with Silver Ions to inhibit the growth of millions of germs. Sell sheet


Lululemon unveils its line of personal-care products as it tries to grow beyond apparel at CNBC. “Lululemon’s dry shampoo will cost $34. The deodorant is $18, the face moisturizer is $48 and the lip balm is $14. These first three items are also available in travel sizes.” Read more


Barnes & Noble Q4 comp sales -2.3% Press release


Target’s Media Company Is Enhancing Programmatic Offerings With a New Partnership by Diana Pearl at Adweek. “Roundel is teaming up with Index Exchange for an easier process with fewer platforms.” Tiered subs.


Apple expands authorized repairs to around 1,000 Best Buy stores by Brian Heater at TechCrunch. “For Apple, it means covering customers in locations like Yuma, Sioux City and Bismarck. This brings its total third-party authorized service locations up to 1,800 in the U.S.” Read more


Apps help find unsold food and reduce waste at AP News. Read more


How 13 Became the Internet’s Age of Adulthood by Julie Jargon at Wall Street Journal. “At 13, kids are still more than a decade from having a fully developed prefrontal cortex…And yet parents and educators unleash them on the internet at that age—if not before—because they’re told children in the U.S. must be at least 13 to download certain apps, create email accounts and sign up for social media.” WSJ subs.


Tipsheet Extra Stories

Walmart eliminating 569 accounting/finance jobs in North Carolina

Inside the final days of New York’s iconic beauty store Ricky’s

FAA pushed to allow drone deliveries

Target employees share their stories from the retailer’s weekend register crash

Netflix recommends these three TVs for 2019

Pharmacy warns FDA of cancer-causing chemical found in widely used heart pill

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Tipsheet: Target 2X Outage | LAPD Eye Costco Shooter | WM Drone Patents


A glitch stalled checkout lines at Target stores worldwide Saturday at AP News. “After an initial but thorough review, we can confirm that this was not a data breach or security-related issue, and no guest information was compromised at any time,” Target said.” Read more


…TARGET SAYS SUNDAY OUTAGE NOT RELATED TO SATURDAY – Target customers report issues checking out for second day after weekend outage at CNBC. “Target spokesperson said the company’s payment processor, NCR, experienced issues at one of its data centers. As a consequence, Target was unable to process card payments at some stores for about 90 minutes. The spokesperson said the issue was not security related and was not connected to the outage on Saturday.” Read more


Two years in, Amazon has hardly launched a revolution at Whole Foods by Sarah Halzack & Shira Ovide at Bloomberg via LA Times. “Amazon’s lack of imagination at Whole Foods is something we’ve seen repeatedly as the e-commerce giant experiments with physical stores. Amazon’s bookstores aren’t that different from conventional shops. Its 4-star knickknack stores are Hallmark gift stores crossed with Brookstone.” Read more


Man killed by off-duty officer in California Costco was ‘mentally challenged,’ cousin says at NBC News. “Police in the city of Corona, 47 miles from Los Angeles, have said French allegedly “assaulted” the off-duty Los Angeles officer “without provocation” inside a Costco store there. The officer, who has not been identified, was holding a young child and shopping with his family, police said.” Read more


…LAPD investigates officer’s actions in Costco shooting at AP News. “The shooting prompted a stampede of frightened shoppers, some who fled the store as others sought cover inside. Witnesses reported seeing an argument between two people near a freezer section when shots rang out at least six times.” Read more


Amazon shutters Instagram-inspired shopping feed Amazon Spark by Sarah Perez at TechCrunch. “Amazon Spark had been a fairly bland service, if truth be told. Unlike on Instagram, where people follow their friend, interests, brands like they like, and people they find engaging or inspiring, Spark was focused on the shopping and the sale.” Read more


Walmart outpaces Amazon in drone patent race by Martin Coulter at Financial Times. “(Walmart) has filed 97 new drone patents with the World Intellectual Property Organisation since July 2018, according to research by accounting firm BDO. In the same period, Amazon registered 54 product ideas. The year before, Walmart submitted 57 patents compared to Amazon’s 54.” Read more


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Walmart grocery is now offering a $98 per year “Delivery Unlimited” option by Sarah Perez at TechCrunch. Read more


Ocasio-Cortez criticizes Amazon’s Bezos for paying workers ‘starvation wages’ at Fox Business. “When you have a very large workforce and you underpay every single person and then you also participate in taking billions of dollars of government subsidies, that could be part of it,” Ocasio-Cortez, D-N.Y., told ABC’s “This Week” on Sunday, regarding how she believes Bezos attained his wealth.” Read more


Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal by Daina Beth Solomon at Reuters. “Cornershop operates in Mexico and Chile, promoting the app as providing delivery of “groceries to your front door in one hour” from retailers including Costco Wholesale Corp, Chedraui and Walmart…Walmart had struck a deal to buy the popular app for $225 million.” Read more


Chewy soars as much 86% after IPO pricing at $22 per share at CNBC. Read more


Amazon Game Studios confirms reorganization, reportedly cutting ‘dozens’ of developer jobs by James Thorne at GeekWire. “Amazon Game Studios currently only markets one game title, “The Grand Tour Game,” which is based on the Amazon Prime show of the same name and features the former stars of long-running British car series “Top Gear.” Read more


Lord & Taylor President Vanessa LeFebvre Exits at Footwear News. Read more


Forget the Mall, Shoppers Are Buying Gucci at Airports by Jaewon Kang & Sharon Terlap at Wall Street Journal. “For the first time last year, Estee Lauder Co. generated more revenue at airports globally than at U.S. department stores…” WSJ subs.


Phoenix police chief apologizes to family for the ‘unacceptable behavior’ of officers who threatened to shoot them after ‘their daughter, four, stole a $1 Barbie doll’ from a Family Dollar store at 12 News NBC. Video/Read more


A mysterious sickness has killed nearly 100 children in India. Could litchi fruit be the cause? by Joanna Slater at Washington Post. “Indian television channels showed scenes of unresponsive children lying several to a bed at a hospital in Muzaffarpur. When Indian Health Minister Harsh Vardhan visited the area on Sunday, he was trailed by angry and grieving relatives.” Tiered subs.


Tipsheet Extra Stories

Goodwill opens new store with ‘Old Town Road’ performance

Illinois farmers give up on planting after floods and throw party instead

There’s no reason to trust Amazon’s Choice

Tom Hanks Shares Disney’s Strict Rules for ‘Toy Story 4’ Media Tour

Inside Mike Tyson’s weed resort in the middle of the California desert

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Tipsheet: WM/FDA Collab | Amazon #1 w/Dogs | Greenpeace Rips H-E-B


Walmart in blockchain collaboration with FDA at Reuters. “IBM, Merck and Walmart have been chosen for a U.S. Food and Drug Administration pilot program that will explore using blockchain technology to improve the security of prescription drug supply and distribution.” Read more


Target expands same-day delivery options – Shoppers pay a flat fee of $9.99 per order at CNBC. “Up until now, Target shoppers have been able to get orders delivered on the same day by being a Shipt member, which costs $99 per year. That option is still available for everyone, Target said, but the company is making it easier for people to choose same-day delivery on an order-by-order basis, versus signing up for an annual membership.” Read more


Walmart Adjusts to Trump’s Tariffs Through a Price-Changing Tool by Matthew Boyle at Bloomberg. “The retailer introduced the tool, dubbed “Cost Change Scenario,” a year ago and has been rolling it out across product categories, according to internal memos and emails obtained by Bloomberg. The online application, whose existence hasn’t previously been reported, replaces Excel-based forms that vendors had to fill out manually.” Tiered subs.


Lululemon Q1 comp sales +14%, beating a Refinitiv consensus estimate for 11.6% growth at CNBC. Read more


Walmart will fold into by Catherine Shu at TechCrunch. “Jet president Simon Belsham will support the transition through early August. After that, Jet will be managed by Kiernan Shanahan, Walmart  senior vice president of food, consumables and health and wellness and the lead of Walmart Ecommerce’s Everyday Living category.” Read more


Greenpeace report ranks 20 grocers on their plastic reduction plans – H-E-B scored last among grocers by Paul Takahashi at Houston Chronicle. “H-E-B does not participate in surveys, which we believe is responsible for our low score,” Lisa Helfman, director of H-E-B’s public affairs in Houston, said in an email.” Read more | Greenpeace report


RH Earnings, Sales Top Estimates; RH Stock Jumps at Investor’s Business Daily. “RH on Wednesday reported first-quarter earnings per share of $1.85, a 53% jump…Net sales rose 7.4% to $599 million, above estimates for $583 million.” Read more


A Buyout Won’t Solve Saks Owner’s Real Issue: Department Stores Are Dying by Suzanne Kapner at Wall Street Journal. “Some investors say the Hudson’s Bay Co. buyout offer of C$9.45 a share is too low, given that its CEO Helena Foulkes recently told investors at a conference that the company’s real estate is worth C$28 a share.” WSJ subs.


Alibaba files for HK listing that may raise $20 billion as soon as third quarter at Reuters. Read more


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Why Targeting Millennial Consumers Might Not Be Such a Hot Idea After All by Robert Klara at Adweek. “That’s one of the takeaways of a brand new study from Deloitte’s Center for Consumer Insight, which surveyed over 4,000 American consumers to determine their current consuming habits. And when it came to millennials, one statistic stuck out: Since 1996, the average net worth of consumers under 35 has dropped by 35%.” Tiered subs.


Kroger and Ocado Break Ground on America’s First High-Tech Customer Fulfillment Center Press release


Women’s clothing rental service Armoire raises more cash, moves into new Seattle HQ by Taylor Soper at GeekWire. “Starting at $149 per month, Armoire ships designer clothes to members who can swap out the items at any time or purchase them at a discounted rate.” Read more


Chewy founder on its fast-approaching IPO: “It’s like seeing by baby graduate” by Connie Loizos at TechCrunch. “TC: Without outside help, how did you get started? RC: We contacted a local distributor who worked with a [third-party logistics] company that was next to him, and we started buying product the same day.  Then we started marketing to cities and states near fulfillment centers, using all direct response marketing that we were able to optimize on the fly.” Q&A


Blue Apron Appoints Irina Krechmer as Chief Technology Officer Press release


Amazon ranks No. 1 as most dog-friendly company in America (PetSmart #4, Petco #7, Chewy #12) by Taylor Soper at GeekWire. “There are more than 6,000 registered dogs who come to Amazon’s headquarters in Seattle, with 500 coming in on the average day.” Read more | Rover list


Tipsheet Extra Stories

Full list of cereals and snacks that tested positive for glyphosate

Tyson is launching a new part-beef, part-pea burger

Amazon execs slam Oracle and Microsoft as the cloud wars heat up

Costco announces the location of its first New Zealand store

Jeff Bezos: This is who ‘always wins’ in business

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Tipsheet: Peak ‘Streetwear & Sneakers’? | Target Revolts Against Utility | Barry @ B.Buy


New Best Buy CEO takes the helm Tuesday at CNBC. “Corie Barry is a former chief financial officer for Best Buy, and she has also played key roles in overseeing strategy and operations…Joly will take on a newly created role, executive chairman, and will continue to advise Barry and other executives in an array of areas, including strategy and mergers and acquisitions.” Read more


Neiman Marcus Q3 comp sales -1.5% “During the quarter, the Company reported a net loss of $31.2 million compared with a net loss of $19.9 million for the third quarter of fiscal year 2018.” Press release


…Neiman Marcus posts a bigger loss and CEO Geoffroy van Raemdonck ‘not satisfied’ with results by Maria Halkias at Dallas Morning News. “Luxury retailing continued to be promotional, both in stores and by online competitors, CEO Geoffroy van Raemdonck said during a conference call with analysts. And some fashion trends may have peaked, such as streetwear and sneakers, he said.” Tiered subs.


Busy IPO Market Offers Lifeline to Troubled Retailers by Soma Biswas & Sam Goldfarb at Wall Street Journal. “In recent months, both (Neiman Marcus & PetSmart) have resolved disputes with creditors in large part by promising to pay them with proceeds from initial public offerings or sales of their online businesses.” WSJ subs.


Kohl’s to close its Off/Aisle discount stores after four years in operation by Rick Romell at Milwaukee Journal Sentinel via USA Today. “The four Off/Aisle locations – three in Wisconsin and one in New Jersey – will close on Aug. 3…”…our strength and ongoing improvements in inventory management across the company do not allow us to appropriately stock Off/Aisle stores at scale,” Gross wrote in the memo.” Read more


Walmart China invites U.S. entrepreneurs to innovate for food safety pipeline by Kim Souza at Talk Business. “For more information about the Innovation Pipeline Round 3, including a complete timeline, requirements, and application forms, visit the website of the Walmart Food Safety Collaboration Center.” Read more


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Target Leads Retailer Revolt Against Virginia Electric Utility at Bloomberg. “Target Corp. is joining with other retailers that are customers of Dominion Energy Inc. in asking Virginia state regulators for permission to negotiate with wind and solar farms and other power providers.” 1:30 video


Amazon Scores U.K. Rights to Women’s Tennis by Henry Chu at Variety. Read more


US consumer prices edged up 0.1% in May at AP. “U.S. consumer prices increased a slight 0.1% in May, as inflation was tempered by lower costs for gasoline, electricity and used cars.” Read more


Forget Your Reusable Bags? This Grocer’s Embarrassing Plastic Sacks Will Help You Remember by David Griner at Adweek. “There’s a new “walk of shame” these days—when you’re leaving the grocery store without your reusable bags and have to use up yet another plastic sack destined for the landfill (or, even worse, a body of water).” Adweek subs.


Albertsons completely phases  out freshwater eel from its sushi products at SeafoodSource. “Over the next three-and-a-half years, the company will work closely with FishWise and its sushi vendors to transition shrimp, salmon, surimi, and tuna to all responsible sources, according to Albertsons.” Read more


U.S. pet doctors get ready for online pharmacy challenge by Manas Mishra & Tamara Mathias at Reuters. “…until now veterinary practices, which both prescribe and sell drugs, have been a major source of prescription medication. While Amazon so far has shown no interest in that market, Chewy’s and Walmart’s forays into the online pet pharmacy business threaten to change that, prompting veterinary clinics to seek help in defending their turf.” Read more


Home Depot co-founder Bernie Marcus raises $117 million for nonprofits by Matt Kempner at AJC. “I was never meant to be,” (Marcus) said. His mother had planned to stop having children, but a doctor suggested having a baby could help with her rheumatoid arthritis. Marcus said when he and Blank came to Atlanta in 1978, “we had nothing.” “Home Depot made us,” he said.” Read more


Supporters defend Nike’s plus-size mannequin after it becomes target for ‘fat-shaming’ remarks by Michael Bartiromo at Fox Business. “Writing in The Telegraph, Tanya Gold described the mannequin as “immense, gargantuan, vast” and [heaving] with fat” in an article suggesting Nike had given up on the “war on obesity” by debuting the inclusive mannequin.” Read more


Kroger to sell CBD-infused products at Fox Business. “…will be selling topical products in 945 stores across 17 states, a spokeswoman told Fox Business in a statement.” Read more


The Race to Become the Beyond Meat of Fish by Lydia Mulvany & Josh Petri at Bloomberg. “Wild Type can produce only small pieces of salmon, which become too flaky if heated above 212 degrees Fahrenheit. As a result, all the preparations were either raw or cooked in natural acids, such as citrus juice.” Tiered subs.


Tipsheet Extra Stories

First reactions glow for ‘Toy Story 4’

Iranian immigrant finds American dream as a Walmart supplier

Mattel rejects renewed merger bid from rival MGA Entertainment

Reverse mortgages are now blindsiding borrowers

Glass skydeck on 103rd floor cracks under feet of woman and two kids 

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Tipsheet: HD Supply +5.8% | Chico’s -7.0% | Amazon Ends Restaurant Deliv


Chico’s Inc. Q1 comp sales -7.0%. By brand: Chico’s -7.8% / White House Black Market -10.0% / Soma +3.4% Press release


Amazon’s new rewards card targets those with bad credit by Sarah Perez at TechCrunch. “To pay off purchases, the card is unique in that it allows customers to either choose to make 12 months of equal payments or 6/12/24-month 0% periods for select purchases.” Read more


HD Supply Q1 organic growth +5.8% Press release


Target expands childcare and paid family leave benefits at CNN. “Starting this fall, Target workers will receive 20 days of backup child care or elder care through a partner network. Employees will be able to bring their child to an in-network day care center for $20 a day or pay a subsidized hourly rate for in-home care.” Read more


Fed judge nears nixing $69B CVS-Aetna deal: sources by Josh Kosman at NY Post. “After sparring with lawyers and witnesses for two days…Judge Leon scheduled oral arguments for July 17 and is expected to rule soon after that…Judge Leon could be the first to reject a merger settlement since 1974.” Read more


Readerlink works towards higher bid for Barnes & Noble at Reuters. “Book distribution company Readerlink LLC is working towards making a bid for Barnes & Nobles Inc that would top hedge fund Elliott Management Corp’s agreed price to buy the U.S bookseller, the Wall Street Journal reported on Monday, citing a source.” Read more | WSJ article (Subs.)


Walmart Presents at dbAccess Global Consumer Conference Call Transcript via Seeking Alpha


Hudson’s Bay’s Richard Baker leads $1-billion bid to take retailer private by Marina Strauss at Globe & Mail. “The company’s shares closed on Monday at $9.07, a 42-per-cent jump from Friday but a little below the proposed privatization price, suggesting shareholders don’t necessarily expect a higher offer.” Read more


Casey’s Q4 comp sales. Fuel: Gallons -2.8% / Grocery & other Merch. +5.7% / Prepared Food & Fountain +2.0% Press release


**A message from BK Resources: The ION Antimicrobial Handsink is infused with Silver Ions to inhibit the growth of millions of germs. Product sheet


Amazon will shutter its Amazon Restaurants food delivery service in the U.S. later this month by Taylor Soper at GeekWire. “Amazon will also shut down Daily Dish, a workplace lunch delivery service that launched in 2016…It’s unclear what, if any, moves are left in Amazon’s restaurant delivery arsenal. The company still delivers groceries from Whole Foods via Prime Now.” Read more


Nordstrom Announces Six Food And Beverage Concepts For NYC Flagship Opening In October Press release


Sam’s Club to continue reducing products in inventory by Kim Souza at Talk Business. “Sam’s Club executive Clint Gill, who oversees grocery and beverage for the retailer: “We still have too many items in our clubs, and we are working to downsize the assortment. We are not adding new items at this time”…Gill said the assortment in clubs ballooned as larger pack sizes were added to push revenue higher.” Read more


Amazon donates $8 million to fight homelessness in HQ cities Press release


Build-A-Bear’s Pay Your Age returns with chaos-proof plan by Sonja Haller at USA Today. “Once enrolled in the rewards program, guests will be notified via email by June 21 if they are among the 200,000 guests in the U.S., U.K. and Canada to receive a “winner” ticket.” Read more


Amazon beats Apple and Google to become the world’s most valuable brand at CNBC. Top 10 list


Walmart has unleashed an army of robots in its stores and workers aren’t exactly thrilled about it by Drew Harwell at Washington Post via Financial Post. “…to the workers of Walmart Supercenter No. 937 in Marietta, Georgia, the machine has a different label: “Freddy,” named for a janitor the store let go shortly before the Auto-C rolled to life. Freddy’s career at the store has gotten off to a rocky start. Workers there said it has suffered nervous breakdowns, needed regular retraining sessions and taken weird detours from its programmed rounds.” Tiered subs.


Amazon is opening its second cashier-free Amazon Go location in New York at CNBC. “…at 300 Park Avenue, in the Midtown area in Manhattan. The roughly 1,700-square-foot store will be the thirteenth Amazon Go location to open in the U.S.” Read more


Big Carpet wants to end America’s love of hardwood floors by Matthew Townsend at Bloomberg via LA Times. “After presiding over 18 months of research and development, Keith Weinberger says he has finally found the “generational change” needed to revive an industry two decades past its peak. “This will blow your mind,” he said. Weinberger is pitching a product called Home Fresh that he says acts like a giant air filter. It’s hypo-allergenic, stain-resistant and recyclable. It’s also carpet.” Tiered subs.


Tipsheet Extra Stories

U.S. firearms distributor files bankruptcy

Peeper drilled holes in multiple changing rooms at Target store

Hollywood’s 100 Favorite Movie Quotes

Mail carrier accused of stealing Menards rebate cards from ‘multiple victims’

The 2019 Top Women in Grocery

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Tipsheet: Sam’s New Tech | Kohl’s CTO to Nike | Bezos Onstage Protester


Walmart is going to start delivering groceries inside shoppers’ homes at CNBC. “It will first test this option in three cities: Kansas City, Missouri, Pittsburgh and Vero Beach, Florida. It said it will “learn and scale” in-home delivery from there.” Read more


U.S. adds 75,000 jobs in May – slows sharply; wage gains moderate at Reuters. Read more


Jeff Bezos explains Amazon’s bet on Project Kuiper satellites — and copes with an onstage protest by Alan Boyle at GeekWire. “The protester got within a few yards of where the world’s richest individual was sitting, but in less than 30 seconds, security team members grabbed her and pulled her offstage. Bezos then turned to (moderator) Freshwater and quipped, “Do you have a response to that?” “I wasn’t quite prepped for that,” Freshwater confessed.” Read more


Sam’s Club to unveil new technology plays this week by Kim Souza at Talk Business. “(John Furner) said a formal announcement will be made at the shareholders’ celebration on Friday…An app called Ask Sam and others such as shopping lists and Scan & Go for beer and wine are some of the more promising technologies gleaned from the cashier-less club in Dallas.” Read more


Postmates hires Apple veteran and author Ken Kocienda as a principal software engineer at TechCrunch. Read more


How Amazon’s In-House Brand Biz Measures Up to Rivals by Adrienne Pasquarelli at Ad Age. “Earlier this week, speaking at Amazon’s re:MARS conference in Las Vegas, the company’s retail chief Jeff Wilke said that in-house brand products represent roughly 1 percent of Amazon’s sales—or around $2.3 billion, according to Bloomberg News.” Tiered subs.


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Cato May comp sales +1.0% Press release


North Michigan Avenue tries to bring back the ‘Magnificent’ amid retail upheaval by Ryan Ori at Chicago Tribune. “The coming of the Starbucks Roastery is very exciting, some retailers are going back on the offensive, and some digitally native companies are seeking first or second spaces” on the avenue, (the real estate investment trust) said. “Up until late last year, it was very quiet” at the Disney building, Conlon said. “Going from zero calls to four or five options is very exciting to us.” Tiered subs.


The Buckle May comp sales -0.8% Press release


Walmart adds more than 120 electric vehicle charging stations to US stores at Fox Business. “…opened more than 120 ultra-fast electric vehicle charging stations at Walmart locations in 34 states. Walmart partnered with Electrify America to add the charging stations, which are mainly located on major interstates and highways to provide drivers easy access to them.” Read more


Ex-Kohl’s Exec Named Nike’s New Global Chief Digital Information Officer Press release


Elliott Management to acquire Barnes & Noble for $683 million at CNBC. “For its part, Elliott, the firm founded and led by billionaire Paul Singer, acquired Britain’s biggest bookseller, Waterstones, last year. Owning the two book retailing giants could give Elliott synergies and buying leverage with publishers, people familiar with the industry say.” Read more


Gap says it will derive 100% of its cotton from more sustainable sources by 2025 Press release


Kay Jewelers fires store manager who barred deputy from getting his engagement ring because the uniformed officer had a gun in his holster by Joe Marusak at Charlotte Observer. “We are reinforcing store training regarding all of our Customer First policies, as well as specific policies related to law enforcement, in all of our stores,” the company posted.” Tiered subs.


Tipsheet Extra Stories

Meet the Founders of Creative Clothing Label Show Me Your Mumu

How Amazon’s delivery robots will navigate your sidewalk

Millennial dads have pathetic DIY skills compared to baby boomers

Critic urges Toronto to abandon smart city project

HBO’s ‘Chernobyl’ Leads to Calls for India Bhopal Disaster Drama

Metallica’s Hetfield and Hammett Shred National Anthem at NBA Finals

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Tipsheet: Versace Plans 100+ Stores | Michaels -2.9% | F.Below +3.1%


Michaels Q1 comp sales -2.9% Press release


Stitch Fix spikes after beating earnings and revenue expectations by Ashley Turner at CNBC. “Its active clients — people who received a box of clothing in the preceding 12-month period — came in at 3.1 million, an increase of 17% year over year.” Read more


Amazon Prime Air drones will start delivering packages ‘within months’ by Alan Boyle at GeekWire. “We right now do have permission to do testing in a couple of locations in the United States with the FAA,” Wilke told GeekWire. “But our objective is to have a certified commercial program that allows us to deliver to customers. That’s what we’re working toward, in months.” Read more


Five Below Q1 comp sales +3.1% “…opened 39 new stores and ended the quarter with 789 stores in 36 states.” Press release


Versace plans to open more than 100 stores by 2022 by Katherine Lam at Fox Business. “It’s very clear: The productivity in our stores is not what it should be,” said Versace’s CEO Jonathan Akeroyd on investor day. “We need to rapidly increase the productivity and this will really be the real driver to reach us to our $2 billion [target].” Read more


At Home Group Q1 comp sales -0.8% Press release


Ace Hardware and True Value Rank Highest in Customer Satisfaction among Home Improvement Retailers “Two minutes is the maximum amount of time for home improvement retailers to provide assistance to customers. When that threshold is met, there is an increase of 67 points on overall customer satisfaction.” Rankings


Beyond Meat’s home in the meat aisle sparks food fight by Tina Bellon at Reuters. “Sean Saenz, senior director of meat and seafood operations at Gelson’s, which owns 28 stores across Southern California, said the retailer did not see strong sales when it initially placed Beyond Meat in the freezer. Since moving the burger out of the freezer, Beyond Meat sales are up 60 percent, Saenz said, while sales in the overall vegan section grew 20 percent.” Read more


Amazon introduces ‘StyleSnap’ shopping recommendation feature at Reuters. “…a feature on its app that allows users to upload a picture of a look or style they like and get recommendations for similar items on the platform.” Read more


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Casey’s Announces CEO Transition “IHOP President Darren Rebelez named Casey’s President and CEO.  Casey’s President and CEO Terry Handley to retire.” Press release


Better wages ‘not a radical idea’ Sen. Sanders tells Walmart execs by Kim Souza at Talk Business. “Walmart is the largest private employer in the country and it pays many employees starvation wages forcing them to rely on aid and taxpayer help,” (Sanders) said…Brand thanked Sanders for his remarks and said Walmart does not support the proposal.” Read more


United Natural Foods Tops Q3 Earnings Estimates at Yahoo Finance. Read more | Press release


Amazon CEO Jeff Bezos tries out robotic arm at re:MARS conference by Alan Boyle at GeekWire. “Bezos started out with a simple task: picking up a plastic cup and dropping it onto a stack of cups. Then he played around with a palm-sized soccer ball, and tried his hand at a ring-stacking puzzle. The guy clearly loved it, as you can see in these tweeted videos…” Videos/Read more


JCPenney Announces Ex-Guess Exec Victor Ejarque Lopez as SVP, GMM Women’s Apparel at Yahoo Finance. Read more


Amazon, Home Depot and other companies headed to Capitol Hill June 4 for a closed-door meeting with House lawmakers on ways to block online counterfeit goods from flowing into the U.S. at Bloomberg Law. Read more


Rent the Runway opens Arlington fulfillment center with 500-plus employees by year end by Maria Halkias at Dallas Morning News. “Rent the Runway’s new fulfillment center in Arlington, only the company’s second, begins receiving returns on Monday from customers who use the apparel service.” Tiered subs.


How the art of lusting for a beachy holiday is powering retail by Rebecca Malinsky at Wall Street Journal. “Marketing director Elizabeth Fuller, 31…“There is a very specific series of habits that I don’t apply to any other aspects of my wardrobe except when I’m shopping for a trip,” she says. “It’s like I’m this completely brand-new person who spends reckless amounts of money to become someone else on vacation.” WSJ subs.


Tipsheet Extra Stories

Exclusive: See inside Jeff Bezos’ $80 million NYC mega-home

Padres face backlash for exterminating bee swarm

Amazon Robotics unveils two new breeds of robots for its fulfillment centers

Oakland is 2nd U.S. city to decriminalize magic mushrooms

GM to test airless, puncture-proof Michelin tires

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Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.


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Tipsheet: Bernies Slams Waltons | A.Eagle +6% | B.Hills Bans Tobacco


U.S. private sector adds fewest jobs in May since 2010: ADP at Reuters. “U.S. private employers added 27,000 jobs in May, well below economists’ expectations and the smallest monthly gain in more than nine years, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 180,000 jobs…” Read more


American Eagle Outfitters Q1 comp sales +6.0% “By brand, American Eagle’s comparable sales increased 4%, following a 4% increase last year. Aerie’s comparable sales increased 14%, building on a 38% increase last year.” Press release


Walmart shareholders week underway by Kim Souza at Talk Business. “The formal business meeting will be held Wednesday (June 5) at 10:30 a.m. at John Q. Hammons Center in Rogers…Walmart is hosting a free concert by Peter Frampton on Wednesday evening at Bud Walton Arena for employees while the media guests are given a tour of the Walmart Museum on the Bentonville square.” Read more


…Bernie Sanders: Walmart resistance to raising minimum wage is ‘grotesque,’ slams Walton family by Aamer Madhani at USA Today. “Sen. Bernie Sanders in an interview Tuesday slammed mega-retailer Walmart’s resistance to raising its workers minimum wage to $15 per hour as “grotesque” and “absurd.” Sanders made his comments in an exclusive interview with USA TODAY on the eve of Walmart’s annual shareholders meeting.” Read more


GameStop stock plunges nearly 30% as sales fall short of estimates at CNBC. “…net income fell to $6.8 million…in the first quarter from $28.2 million… in the same period a year earlier…GameStop said it expects full-year 2019 sales to fall between 5% and 10%.” Read more


CVS to close some unprofitable stores by at CNBC. “CVS Pharmacy President Kevin Hourican said CVS will “closely evaluate” its options for 500 leases every year. Hourican told CNBC he does not expect “meaningful” store closures.” Read more


…CVS Health promises double-digit earnings growth by 2022 as it tries to allay investor worries over Aetna deal at CNBC. “Keep in mind we’re in the early innings of our transformational journey,” CVS CEO Larry Merlo told investors. “This will be a multi-year journey with benefits building over time as we continue to build and refine new programs to better serve the needs of our stakeholders.” Read more


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America’s Richest Self-Made Women (Stitch Fix CEO #55) at Forbes. Full list


Amazon comes under fire with antitrust officials at Bloomberg via Internet Retailer. “The Federal Trade Commission will take responsibility for antitrust probes of Facebook and Amazon, while the Justice Department is set to open an investigation of Google, according to people familiar with the matter. The Justice Department will also oversee scrutiny of Apple Inc., one of the people said.” Read more


Growth slow at Walmart’s African business unit Massmart by Kim Souza at Talk Business. “Insiders say Massmart has been a disappointment of sorts to Walmart, which is why executives rarely mention the investment, choosing to focus on China, Mexico, Canada and more lately India.” Read more


Jeff Bezos lands $80 million dollar ‘deal’ on three New York City condos at CNN Business. Read more


Walmart CEO talks tariffs in Fox Business interview 3:16 video


Walmart U.S. CEO on how the retailer engages customers at Yahoo Finance. “[When] I first started in retail, we didn’t even have computers. So we used to handwrite the shelf labels,” Foran said. And when I talk to people in our business now about the fact that I used to have to handwrite shelf labels, they look at me like I’m from a different planet,” he added.” 4:18 video


Beverly Hills votes to outlaw tobacco sales in ordinance believed to be first of its kind in US at CNBC. “The ban, which is set to begin in 2021, prohibits the sale of cigarettes, cigars, pipe tobacco, chewing tobacco and electronic cigarettes sold in gas stations, convenience stores, pharmacies and grocery stores.” Read more


Why Jeff Bezos and a Dozen Tech Titans Made a Pilgrimage to Brunello Cucinelli’s Italian Village by Samuel Hine at GQ. “To be clear, these were not the well-tailored fashion editors who normally flock to kiss (Brunello) Cucinelli’s ring. Instead, they were a delegation from perhaps the most swagless realm in all the land: Silicon Valley…” Read more


Tipsheet Extra Stories

For the first time ever, US consumers spend more time on mobile than watching TV

Microsoft creating an Xbox line of body wash and deodorant

Ikea releases a dresser designed to prevent deadly and dangerous tip-overs

Walmart store steps out for Pride Month on Facebook. Love and hate follow.

Office Depot asks to dump county’s $500K incentives contract to create jobs

Read Tipsheet Extra Stories



Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.


Subscribe to Eye on Retail Tipsheet here


Contact us: Send story tips, press releases and advertising inquiries to