Tipsheet: Tritton @ Bed Bath | Costco +4.2% | Kroger’s ‘Mistake’

 

Target’s Mark Tritton will become Bed Bath & Beyond’s new president and CEO effective Nov. 4. at CNBC. “Shares of Bed Bath & Beyond spiked more than 21% in extended trading on Wednesday.” Read more

 

…Target said it will not search for a new chief merchant at this time. Instead, two current executives — Christina Hennington and Jill Sando — will assume interim leadership of the merchandising organization. by Kavita Kumar at Star Tribune. Tiered subs.

 

Target Names Michael Fiddelke Executive Vice President and Chief Financial Officer “In more than 15 years at Target, Fiddelke has served in a variety of roles across finance, merchandising, human resources, and operations. Most recently he served as Senior Vice President of Operations.” Press release

 

Costco September comp sales +4.2% “Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were +5.6%” Press release

 

Walgreens partners with FedEx to accept online returns, print labels by Sarah Perez at TechCrunch. “…consumers will be able to drop off their online returns at thousands of Walgreens  locations nationwide. They’ll also be able to print their return shipping label in the store, if need be.” Read more

 

US consumer prices unchanged in September at AP. “The Labor Department says the flat reading in its Consumer Price Index for September followed a tiny 0.1% August increase and left prices over the past 12 months rising at a modest annual rate of 1.7%.” Read more

 

Kroger made ‘a multiyear mistake’ in how it delivers its groceries, Jefferies says at CNBC. “Kroger was downgraded by Jefferies to hold from buy due to what they believe was a key mistake: investing in centralized fulfillment centers instead of micro-fulfillment. Instead, it should be following Walmart’s lead, according to a Thursday note.” Read more

 

Inside Target’s new Disney Stores at Field Agent. “Of 11 agents who visited Target-Disney shop-in-shops, all said they were at least a little more likely to buy Disney products now that they are available in this new store format.” Pics/Read more

 

**A message from Real Coconut Water: The sweetest coconut water. 100% pure coconut water. PL or branded organic in Tetra Pak. Sell sheet | Website | Samples: info@eyeonretail.net

 

Amazon’s top spokesperson Jay Carney slams the Trump administration at CNBC. “Virtually with no exception, everyone I dealt with in [previous] administrations, whether I personally agreed or disagreed with what they thought were the right policy decisions or the right way to approach things, I never doubted that they were patriots,” Carney said. “I don’t feel that way now.” Read more

 

Dollar General Boosts Digital Strategy by Sara Castellanos at Wall Street Journal. “Dollar General Corp. is working on making it possible for customers to buy its wares online and pick them up at a nearby store, a move that analysts say could help the retailer attract a younger demographic.” WSJ subs.

 

dunnhumby: QuikTrip, Wawa and Sheetz are the top U.S. C-stores “… surveyed nearly 7,000 U.S. households to determine which of the top 27 c-store retailers have the strongest combination of financial performance and consumer emotional connection. The retailers with the highest overall index scores are: 1) QuikTrip, 2) Wawa, 3) Sheetz, 4) Kwik Trip/Kwik Star, 5) RaceTrac, 6) Casey’s General Stores, and 7) Maverik.” Press release

 

Dick’s says Ex-Chief Technology Officer must give back $750K after jumping ship Law 360 subs.

 

Amazon Workers May Be Watching Your Cloud Cam Home Footage at Yahoo Finance via Bloomberg. “Dozens of Amazon workers based in India and Romania review select clips captured by Cloud Cam, according to five people who have worked on the program or have direct knowledge of it.” Read more

 

Why Foot Locker is backing Rockets of Awesome, a start-up disrupting the kids clothing market by Tom Connor at CNBC. “An expansion of Cricket’s Circle — Blumenthal shut down the online baby registry in 2016 so she could shift her focus to children sizes 2 to 14 — Rockets of Awesome now puts her in the ring to take on the global children’s apparel market, expected to reach $339 billion by 2024.” Read more

 

Tipsheet Extra

Environmentalists have a new target: Charmin toilet paper

Walmart directors accumulate sizable stock holdings

‘It’s a nightmare’: Zimbabwe struggles with hyperinflation

California bans widely-used pesticide linked to brain damage in children

Saudis likely clear in Jeff Bezos’ racy text and pic leak

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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.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net

 

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Tipsheet: Amazon’s 1st Ad Conf. | Lidl Part-Time Med | Whiskey Pods

 

Lidl will offer medical benefits to all 1,200 of its part-time US employees at CNBC. “We want our team to have the peace of mind knowing they have healthcare coverage,” said Lidl U.S. Chairman Roman Heini in a statement.” Read more

 

Rent the Runway back up after operational glitch at Reuters. “The issue had forced the company to stop allowing new subscribers to the platform and halted its services for 11 days, starting Sept. 27, Rent the Runway said.” Read more

 

Amazon held its first big ad conference last week at CNBC. “Last week in Seattle, Amazon attracted roughly 400 people to “AdCon 2019,” CNBC has learned. The inaugural two-day event featured the company’s most senior ad executives and sessions to educate businesses on “how to use Amazon Advertising to create connections with shoppers at key moments across the purchase journey,” according to a page for the conference on events site Cvent.” Read more

 

Glenlivet has new whisky capsules that look like detergent pods by Kelly Tyko at USA Today. “Many who commented on social media talked about memories of the Tide Pod challenge where teens were ingesting the colorful detergent packs as dares. “Does it do laundry too? Who thought this was a good idea?” Twitter user @JohnGeyerman wrote.” Read more

 

Amazon, Walmart confront India’s slowing economy as holiday season growth stalls by Manish Singh at TechCrunch. “Online retailers in India sold goods worth $3 billion in the six-day festive sale that concluded last week, growing at an impressive 30% since last year, according to research firm RedSeer. The catch? A year before, the growth rate stood at 93%.” Read more

 

California power outage: What happens when the lights go out at AP. Read more

 

New York staple Dean and Deluca closed down at PIX 11. “Every time I came they didn’t have what I came for,” said Marie Valouch. Turns out the shelves were empty because vendors stopped supplying the New York staple after they stopped paying their bills.” Video/Read more

 

**A message from BK Resources – The Best Kept secret for commercial and food service kitchen equipment. Stainless steel: commercial faucets, sinks, work tables, bar equipment, ice bins & more. Catalog | Website 

 

Inside H-E-B’s first grocery store inside a mixed-use development at Houston Chronicle. 30 pics/tiered subs.

 

West African Poverty Alleviation Program Makes Cocoa This Year’s Hot Commodity by Joe Wallace at Wall Street Journal. “Uncertainty about the new way of pricing West African cocoa exports, designed to improve living conditions for farmers, is driving the rally. According to the World Bank, 80% of cocoa producers, or four million people and their families, live on less than $3 a day.” WSJ subs.

 

All this Virginia wine store needs to stay alive is 10 good customers by Thomas Heath at Washington Post. “In an era of big-box competitors like Total Wine, Costco and Walmart, the Wine Attic provides a window into how a little company can stay alive paying super-close attention to the customer base. “We sell ourselves,” said Juan, a 43-year-old former restaurant manager. “It’s the Juan and Renée experience. Every second with the customer counts.” Tiered subs.

 

Study: Publix is top Instacart grocery retailer at Supermarket News. Read more/Register

 

Supermarkets bag newspapers at the checkout counter by Jason Schott at Fox Business. “One paper that is fighting back is City Pulse, a free weekly newspaper in Lansing, Michigan…Schwartz posted a letter on City Pulse’s website on October 3: “Thank you for your outpouring of support for City Pulse in the face of a misguided and inconsistent decision by the Kroger Co. to ban free publications from its stores nationwide. Nearly 1,200 of you have signed a petition asking Kroger to reconsider…” Read more

 

Tipsheet Extra

Tips for Instacart delivery drivers are mysteriously decreasing

When efforts to eat ‘clean’ become an unhealthy obsession

Gucci Under Fire for Shackle-Like Ankle Bracelet

Jean-Georges: Portrait of a Chef as a Young Man

How Soko Glam’s Charlotte Cho brought Korean beauty to America

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Tipsheet: Stack @ CNBC | H.Dep Exec @ College | Ulta #1 Beauty w/Teens

 

Company making Costco pajamas flagged for forced labor by Martha Mendoza at AP. “In an interview with the AP, Costco officials said “we believe (the baby sleepers) were made in a factory other than the one that was the subject of the CBP detention order. As the facts develop, we’re prepared to consider what action we should take relative to the issue of a supplier to our supplier owning factories that may have problems.” Read more

 

Tiffany removes advert over Hong Kong controversy at Yahoo. “Tiffany & Co. have removed a tweet showing a woman covering one eye after Chinese consumers accused the jeweller of supporting the Hong Kong protesters.” Read more

 

From the Rooftops, Big Box Stores Are Embracing Solar by Bruce Horovitz at NY Times. “We view this as one of the most important things we can do,” said Mark Schindele, senior vice president of properties at Target. “The headline we are focused on is this: What’s most important to Target’s guests?” Tiered subs.

 

Target to power Toys “R” Us Shopping Experience “Consumers will be able to take advantage of all of the great benefits when shopping Target.com, including free two-day shipping, same-day curbside or store order pickup, same-day delivery with Shipt, Target Circle loyalty benefits, easy in-store returns and 5% off when using a Target REDcard.” Press release

 

Dick’s Sporting Goods CEO Ed Stack appears on CBS Sunday Morning “I don’t understand how somebody, with everything that’s gone on, could actually sit there and say, ‘I don’t think we need to do a background check on people who buy guns.’ It’s just, it’s ridiculous,” (Stack) said.” Read more/Video

 

…Dick’s Sporting Goods destroyed $5 million worth of assault rifles by Kelly Tyko at USA Today. “I said, ‘You know what? If we really think these things should be off the street, then we need to destroy them,'” Stack told CBS News.” Read more

 

…Dick’s CEO Ed Stack: The consumer is in ‘pretty good shape’ at CNBC. “CEO Ed Stack said during CNBC’s “Squawk Box” Tuesday morning. “Our business is really good. … What we see, we’re pretty excited about it.” He added that the ongoing trade war between the U.S. and China hasn’t yet presented any “meaningful” impact to the business.” Video/Read more

 

E-cigarette sales discontinued at Walgreens and Kroger by Nathan Bomey at USA Today. Read more

 

**A message from EasyLock keyless locking deadbolt – Deadbolts aren’t consistently locked – fumbling for the key is a hassle. EasyLock = no key required/twist to lock. Video | Sell sheet | Sample @ info@eyeonretail.net

 

Macy’s brings together nearly 800 brand partners to discuss strategic initiatives and brand innovations “In 2018, 50 Macy’s stores across the country received additional capital to enhance the customer experience…expanded to 100 additional stores in 2019…the 150 stores comprise approximately 50 percent of Macy’s store sales.” Press release

 

Capital One to continue running credit card operations for Neiman Marcus Press release

 

WeWork’s bet on the old Lord & Taylor building has become an albatross by Josh Kosman & Steve Cuozzo at NY Post. “The big worry: WeWork agreed to pay a stiff $105 per square foot — well above the $80-a-foot that’s more typical of buildings in the neighborhood. Now, sources say it’s having trouble finding subtenants who are interested in the pricey floor space — including Amazon, which had weighed a deal to become the sole occupant.” Read more

 

‘The Impact 50,’ A List Of The Country’s Most Influential Impact Investors at Forbes. List

 

Bonobos Trims Jobs as Owner Walmart Seeks to Cut E-commerce Losses by Sarah Nassauer at Wall Street Journal. “A few dozen people are being laid off, a personal familiar with the situation said. Bonobos has around 600 employees, said a Bonobos spokeswoman.” WSJ subs.

 

Home Depot’s Hector Padilla, Southern Division president, speaks to Kennesaw State students “Once a quarter, Padilla writes out a list of his strengths and his opportunities for improvement, and then develops strategies for improving his performance. To reinforce the importance of writing things down, Padilla provided each student at the event with a canvas journal in The Home Depot’s signature orange.” Read more

 

Some Costco employees say they get a special cake after working with the company for 25 years that normal customers can’t order at Business Insider. Read more

 

Teens are spending less than in the spring – Favorite brands include: Chick-fil-A and Starbucks for restaurants and Nike and American Eagle Outfitters for apparel at CNBC. “Piper Jaffray is out with its 38th biannual “Taking Stock with Teens” report…When teens are buying beauty, Ulta is the favorite store, furthering its lead as the top beauty destination gaining 5 percentage points from the spring survey as second-place Sephora falls by 9 percentage points. Walmart comes in at number three, Target fourth and Amazon rounds out the top five.” Read more

 

Tipsheet Extra

The 50 most powerful women in the world

The most popular beers of the 2019 Great American Beer Festival

Organic grocer Erewhon eyes expansion after private equity deal

Alibaba shopping sites appear to have de-listed Houston Rockets products in China

Lizzo is reunited with her high school band director

Officer kills man who sprayed him with ‘unknown substance’ outside Walmart

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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.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net

 

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Tipsheet: Costco +5.1% | Coface Cuts Neiman? | Krogers Ponies Shelved?

 

US adds modest 136,000 jobs, lowering unemployment to 3.5% at AP. “All told, the September jobs report is likely to keep the Federal Reserve on track to cut rates later this month for the third time this year to try to help sustain the expansion.” Read more

 

Costco Q4 comp sales +5.1% / Ecom +19.8% Press release

 

…Costco earnings call: Richard Galanti on new China store – “200,000 shoppers are now members, which is well above the 68,000 average for a Costco warehouse.” at Fox Business | Call transcript via Seeking Alpha

 

Chip and Joanna Gaines Are Opening a Hotel in Waco, Texas at Architectural Digest. “Slated to open in 2021, the Gaineses intend to complete an extensive historic restoration of the 53,000-square-foot property, keeping the ballroom and many of the current exterior details, including that iconic archway.” Read more

 

Walmart exec Bratspies will moderate disability inclusion luncheon in Rogers at Talk Business. “Panelists include: Louis Martin, President, Global Walmart/Sam’s Club at Coca-Cola & Ashley Taylor, COO at Acosta.” Read more

 

Lenders give Barneys New York until Oct. 11 to find buyer by Lisa Fickenscher at NY Post. “The extension by its lenders — Brigade Capital Management and B. Riley Financial — gives Barneys more time to secure a deal with a fashion trade show executive, Sam Ben-Avraham, who has emerged as the lead bidder to acquire Barneys as a retailer, sources said.” Read more

 

…Barneys Finds a Potential Buyer in Bankruptcy Court by Suzanne Kapner & Juliet Chung at Wall Street Journal. “The group is led by Sam Ben-Avraham, who founded the hip New York retail store Atrium in the 1990s as well as the streetwear brand Kith and also operates fashion trade shows. Mr. Ben-Avraham is assembling a consortium of retail veterans and brand investors to help fund the bid, the people said…It is also expected to include an agreement with the landlord of its Madison Avenue and Beverly Hills stores, one of the people said.” WSJ subs.

 

Schnucks to stop selling tobacco products next year by Jacob Barker at St.Louis Post Dispatch. Read more

 

**A message from Real Coconut Water: Sweet, 100% pure coconut water. PL or branded organic in Tetra Pak. Sell sheet | Website | Samples: info@eyeonretail.net

 

MacKenzie Bezos Is Now Worth $36.1 Billion. But Who Is She? by Noah Kirsch at Forbes. “In keeping with character, MacKenzie wouldn’t talk for this story. To shed some light on her, we spent weeks contacting more than 100 friends and former classmates and coworkers; even that yielded only a hazy picture, one of an intensely private but talented woman who has, quietly, excelled at every stage of her life.” Read more

 

Jessica Adelman, group VP of corporate affairs at Kroger, explains how building a conscious brand creates a profitable business PR Week subs.

 

Neiman Marcus loses support of top trade-credit firm by Lisa Fickenscher at NY Post. “Coface, one of the three industry’s largest trade-credit insurers, has stopped insuring Neiman Marcus’ inventory receivables — a move that could force some brands to stop doing business with Neiman in the coming weeks, sources said.” Read more

 

New Disney stores at Target open Friday in 25 locations, featuring ‘Frozen 2’  and ‘Star Wars’ merchandise by Kelly Tyko at USA Today. Read more

 

Kroger suspends decades-long tradition of pony pictures after customer complaint at WKRC. “We love Kroger. Kroger has supported us for 38 years and we made our living,” Lonnie said. But the Alexanders and their supporters don’t understand how 38 years of loyalty can be put on pause because of one complaint.” Video/Read more

 

…HOLD YOUR HORSES – Customer who said picture ponies at Kroger were being mistreated pulls complaint at WKRC. “That person has deleted his Facebook post and asked Kroger to bring back the ponies. A Kroger spokesperson told Local 12 it is evaluating the future of the program.” Video/Read more

 

Tipsheet Extra

Helzberg Diamonds to offer free marriage ceremonies

Best Buy recently opened its first outlet in the Houston area

U.S. helps Mastercard, Visa score victory in Indonesia

Google contractors reportedly targeted homeless people for facial recognition

Target debuts Golden Girls costumes for Halloween 2019

Google Shopping gets a makeover, but it still doesn’t have a prayer against Amazon

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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.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net

 

Website: eyeonretail.net

Tipsheet: Bed Bath -6.7% | Kroger -Mid Mgmt | WM Healthcare Test

 

Bed Bath & Beyond Q2 comp sales -6.7% Press release

 

…Bed Bath & Beyond increases projected store closures to 60 by Kelly Tyko at USA Today. “…up 20 from the April estimate of 40 stores…Forty of the stores closing will be Bed Bath & Beyond stores and 20 will be stores in the company’s other concepts.” Read more

 

Kroger is looking to lay off several store employees holding middle management roles at Fox Business. Read more

 

Walmart to test programs for U.S. workers to cut its healthcare costs at Reuters. “In Colorado, Wisconsin and Minnesota, Walmart will expand a program that allows patients to video chat with a doctor from home for $4 per chat. The retailer will also offer workers access to fitness clubs for $9 per bi-weekly pay period and add a predictable co-pay of $35 for every visit to a primary care physician under its most popular medical plan.” Read more

 

Shoppers have more options to return online purchases by Anne D’Innocenzio at AP. “Shoppers are increasingly able to have a return get picked up inside their home. Walmart says it will launch such a return service later this year but didn’t offer any details.” Read more

 

Zulily unveils price comparison feature to compete with Amazon and Walmart by Taylor Soper at GeekWire. “Zulily is also offering a price-matching promise for items that are higher-priced on its site compared to Amazon or Walmart. The strategy is part of a “pilot” that lasts until Dec. 19, said John Lohnas, Zulily’s chief merchant who joined the company in May after nearly a decade at Amazon where he ran apparel and footwear businesses.” Read more

 

Amazon sites in France and India should be added to US counterfeit watchlist, says apparel trade group at CNBC. Read more

 

**A message from X1 Ebike – Up to 37 miles on a single 4-hour charge. Folds into the size of a golf bag in seconds! GPS tracking, VIN # & alarm for security. Video 

 

WEGMANS OPENING RECORD – More than 3,000 people lined up outside the new Wegmans in Raleigh before dawn for the grand opening by Marcia Greenwood at Rochester Democrat & Chronicle. “Previously (Wegmans Natale said), the grand opening crowd record was 2,400 people, held by Wegmans’ Northborough, Massachusetts, store, which launched in 2011.” Read more/Video

 

The BrandLab auctions off 1 hour meetings with Target’s Rick Gomez and others Read more

 

New Tesco boss isn’t the obvious choice for chief executive by Nils Patley at The Guardian. “The surprise is that the Tesco chairman, John Allan, couldn’t find a replacement within the ranks. One can’t judge Ken Murphy until he arrives, but a 20-year career at Boots and its US-based parent may not be ideal preparation for a scrap with Aldi et al.” Read more

 

The Trump administration slapped 25% tariffs on French wine, Italian cheese and single-malt Scotch whisky — but spared Italian wine, pasta and olive oil at Reuters. Read more

 

Meet Triple Five Group: The real estate developers behind New Jersey’s ‘American Dream’ mega mall at CNBC. Read more

 

Target’s back rooms are becoming unsafe, overcrowded ‘nightmares’ as the company cuts shifts and hours, workers say by Shoshy Cimint at Business Insider. “Business Insider spoke with 28 former and current Target workers, 13 of whom said they felt that the shift changes made their back rooms an unsafe work environment.” Read more

 

Tipsheet Extra

Walmart continues process of relocating workers out of future corporate campus footprint

Amazon workers in Sacramento are protesting the company’s strict time-off rules

Empty shelves at numerous Fry’s Electronics stores spark concern

Chick-fil-A drive-throughs now slowest among big chains, study finds

Former Google CEO Eric Schmidt believes biology is the next frontier in computing

Man arrested for cutting the brakes on over 100 electric scooters

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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.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net

 

Website: eyeonretail.net

Tipsheet: WM +$794M w/Bernie | PetSmart/Chewy Up-Close | Amazon Go @ Theaters?

 

Amazon is in talks to bring its cashierless Go technology to airports and movie theaters at CNBC. “The company has been in talks to bring Go equipment into OTG’s CIBO Express stores at airports and Cineworld’s Regal theaters, one of the people said. Another person said Amazon is looking at concession stands in baseball stadiums.” Read more

 

How PetSmart Swallowed Chewy—and Proved the Doubters Wrong by Miriam Gottfried at Wall Street Journal. “Chewy went public in June, and its shares have climbed nearly 20% since then in what has been a busy year for initial public offerings and despite the recent tumult in the IPO market. PetSmart’s roughly $10 billion paper gain on Chewy’s first day of trading is one of the largest ever from a private-equity-backed IPO.” WSJ subs.

 

Read the full transcript of Mark Zuckerberg’s leaked internal Facebook meetings by Casey Newton at The Verge. Transcript

 

Amazon unveils new ‘IP Accelerator’ to battle fraud on its platform, help sellers trademark products by Nat Levy at GeekWire. “The new Intellectual Property Accelerator takes a unique approach to battling fraud by connecting small- and medium-sized businesses with a group of law firms that specialize in trademarks and IP. Sellers who participate in the program — whether their products are available on Amazon’s retail stores or not — get discounted rates from the law firms.” Read more

 

A boycott of Fred Meyer stores in Oregon and Washington is over  Video/Read more

 

**A message from Real Coconut Water: We’re sweeter than the rest. 100% pure coconut water. PL or branded organic in Tetra Pak. Sell sheet | Website | Samples: info@eyeonretail.net

 

Amazon’s Grocery-Store Plan Moves Ahead With Los Angeles Leases by Esther Fung at Wall Street Journal. “One of Amazon’s first grocery locations will be on N. Topanga Canyon Boulevard, at a strip center in the Woodland Hills neighborhood of Los Angeles, the people said…The roughly 35,000 square-foot store was previously occupied by Toys “R” Us, and its neighbors are Citibank, Office Depot and Sharky’s Woodfired Mexican Grill. There is a Costco wholesale market half a mile away.” WSJ subs.

 

Sportsman’s Warehouse to Acquire 8 Field & Stream Stores from Dick’s Press release

 

UPS wins FAA approval for drone delivery airline at CNBC. “The company plans to use the approval — the first that the FAA has granted to a company to operate a fleet of drones as an airline — to deliver packages to hospital campuses.” Read more

 

Under Bernie Sanders’ income inequality tax plan, Walmart would have paid up to $794 million more in 2018 at Newsweek. Read more

 

…Home Depot up to $538.2 million more at Fox News. Read more

 

Report: holiday season accounted for almost 24% of all retailers’ sales in the late 1990s, but is closer to 21% today and is expected to continue to shrink at CNBC. Read more

 

Tipsheet Extra

Monthly enlists experts and celebrities to teach 30-day online classes

Yuengling and Hershey’s have concocted a new chocolate porter

Publix wine buyer says an online presence is a must for success

US construction spending up slight 0.1% in August

The latest in pet furniture: pieces that fit a home’s decor

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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.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net

 

Website: eyeonretail.net

 

Tipsheet: McKenna #15 Powerful | Barneys 10/3 Deadline | Stack’s Book 10/8

 

Fortune’s Most Powerful Women 2019 (McKenna #15, Barry #18, Campbell #20) Top 50 list

 

Forever 21 fashion chain files for Chapter 11 bankruptcy at AP. “…it will close up to 178 stores in the U.S. As of the bankruptcy filing, the company operated about 800 stores globally, including more than 500 stores in the U.S.  The company said it would focus on maximizing the value of its U.S. stores and shutter certain international locations. Forever 21 plans to close most of its locations in Asia and Europe but will continue operating in Mexico and Latin America.” Read more

 

Lenders give Barneys Oct. 3 deadline to find buyer, avoid liquidation by Lisa Fickenscher at NY Post. “There are at least two interested buyers who want to acquire the upscale retailer in its entirety, while others would be interested in its parts, according to Bloomberg. Licensing firm Authentic Brands Group, which owns Juicy Couture, is reportedly first in line to acquire Barneys’ intellectual property should the company be liquidated.” Read more

 

Chicagoland mall ‘terrorist’ did obsessive research before attack: prosecutors by Lee Brown at NY Post. “In the day before his attack, Garcia conducted 124 internet searches on Woodfield Mall in suburban Schaumburg, including the stores inside and street and aerial views, prosecutors said in Leighton Criminal Court on Sunday.” Read more

 

Have Online Reviews Lost All Value? by Rebecca Dolan at Wall Street Journal. “Chris McCabe, who evaluated seller performance while employed at Amazon and who now runs a consulting firm for its retailers, estimates the number of inauthentic reviews on the site to be around 30%.” WSJ subs.

 

Macy’s is closing its landmark downtown Seattle store in February by Nicole Brodeur at Seattle Times. “Said Laura Heydrich: “My first thought is, is it closing for the same reason Bartell’s is closing?” she asked. “The crime?”…“The homeless people outside deter you from coming in. I feel safer at home (shopping online).” Tiered subs.

 

**A message from EasyLock keyless locking deadbolt – Deadbolts aren’t consistently locked because fumbling for the key when leaving home is a hassle. EasyLock = no key required/twist to lock. Video | Sell sheet | Sample @ info@eyeonretail.net

 

Eyeing That Sweater? It’s Yours in Four Easy Payments by AnnaMaria Andriotis & Peter Rudegeair at Wall Street Journal. “For Christmas, Ms. Padilla used Afterpay to buy $75 of videogame T-shirts for her 13-year-old son at Forever 21 and $60 of rock-themed tops for her toddlers. Without Afterpay, she said, “we would have definitely bought less.” WSJ subs.

 

Rent the Runway hits the pause button at CNBC. “Rent the Runway isn’t accepting any new subscribers or new event rentals at least until Oct. 15, as the clothing platform runs into a slew of inventory and supply chain issues and struggles to keep up with customers’ demands.” Read more

 

Dick’s Sporting Goods CEO Ed Stack’s new book is set to hit shelves on Oct. 8. at CNBC. “(Ed Stack) listed three primary reasons for wanting to share his thoughts with the world. One is, he wanted to help entrepreneurs…Second…he wanted to use the book to highlight what’s going on in youth sports nationwide…Lastly, and perhaps what really pushed Stack to finish his book, is the recent stance the CEO has taken on gun control…” Read more

 

Tony Rogers, Chief Member Officer of Sam’s Club is guest on CMO Moves podcast Listen

 

Asics apologizes for porn playing for hours above New Zealand store at BBC. “The content played on the store’s promotional outdoor screens above the entrance until staff arrived at 10am on Sunday to open the shop. The Japanese sports company said hackers had gained access to the system to show the explicit content.” Read more

 

CVS suspends sales of Zantac brand and generic heartburn drug during safety review at CNBC. Read more

 

Georgia Kroger’s newest security efforts include enclosed aisles of merchandise with one way in, and one way out at WGXA Fox 24 ABC. “Have you heard of theft being a problem here? Yes I have, I have, yeah, quite a bit,” says (one) shopper. Others say many people take things from shelves and use them in the bathroom without paying, but feel a less intimidating approach should be taken.” Video/Read more

 

Tipsheet Extra Stories

The Home Depot Foundation goes back to school

Harris Teeter hires autistic man laid off by Sam’s Club

Gatorade signs Zion Williamson to its endorsement roster

Mets fan knocked unconscious, nearly blinded by T-shirt cannon

LendingTree saw 184% more wedding loans in 2018 than 2017

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Tipsheet: Costco Golf Ball Fail | Lowe’s DIY Software | Sam’s Health Pilot

 

Sam’s Club launches health care pilot to members at AP. “Starting next month, Sam’s Club members in Michigan, Pennsylvania and North Carolina will be able to buy bundles of health care services that include discounted dental care, free prescriptions for certain generic medications, and telehealth consultations. Fees range from $50 for individuals to $240 for up to six family members.” Read more

 

Rite Aid beats on Q2 profit / Retail pharmacy revenue -1.6% / Comp prescription volume +2.7% at MarketWatch. Read more

 

US economy grew at modest 2% rate in Q2 at AP “In the current quarter, analysts believe GDP is likely growing at the same modest 2% rate, and they are forecasting a similar outcome in the final quarter.” Read more

 

Costco’s latest version of its budgeted golf ball flops at Golfworld. “According to initial reports on Golf News Net and Reddit, Costco is offering a refund of the purchase price of the ball, which was selling for $29.99 for a two-dozen pack. The Kirkland Signature ball was touted as a four-piece urethane construction, a dual-core construction similar to that found on many name brand models that sell for more than three times that price.” Read more

 

…Numerous golfers shared pictures online of the balls’ covers being cut easily after a small number of swings at Golf News Net. Read more

 

French Supermarkets Are Now Opening on Sundays—Sans Employees by Robert Williams at Bloomberg. “For decades, French unions have fought extended opening times for stores…Grocery group Casino Guichard Perrachon is leaving 200 outlets open after employees go home, with self-checkout machines in their stead. Rival Carrefour SA in May began testing a similar idea in Paris’s posh 7th arrondissement with a market that’s open 24/7.” Tiered subs.

 

Lowe’s Goes DIY on Software Development by Agam Shah at Wall Street Journal. “I don’t think technology has had as much seat at the table as it has now, which is really front and center,” said Ms. Godbole, who joined Lowe’s from Target Corp. in November…“If 100% of e-commerce is going to be brought in house, I would say we are absolutely 40% of the way,” Ms. Godbole said. She expects the in-house version of key features such as online checkout to be deployed by the middle of next year.” WSJ subs.

 

Pier 1 Imports Q2 comp sales -12.6% Press release

 

**A message from BK Resources – The Best Kept secret for commercial and food service kitchen equipment. Stainless steel: commercial faucets, sinks, work tables, bar equipment, ice bins & more. Catalog | Website

 

Kroger opens 52,000-square-foot urban format store in downtown Cincinnati, offering the grocer’s first-ever food hall, named On The Rhine Eatery Press release

 

…Here’s why people lined up overnight for a new Kroger in Downtown Cincinnati by Alexander Coolidge at Cincinnati Enquirer. “I got here at 4:30 in the morning – I wanted to get all the joyness and excitement I could get,” declared 65-year-old Loretta Moore, who lives a few blocks away in Over-The-Rhine. “Since this is happening in my community, I thought I should be a part of it.” Pics/Tiered subs.

 

Hibbett announces appointment of interim CFO Scott Humphrey “Mr. Humphrey most recently served as Chief Financial Officer for Ciner Resources, LP, a publicly traded mining company located in Atlanta, Georgia.” Press release

 

Foot Locker takes minority stake in youth culture platform at Footwear News. “Founded in October 2018, Ntwrk…describes itself as a Home Shopping Network or QVC for young, mobile-savvy shoppers…Ntwrk regularly offers one exclusive product each day, netting profits from retail sales and through content-creating services for brands.” Read more

 

Everything Amazon announced at its Alexa event by Sarah Perez at TechCrunch. Read more

 

Best Buy sees growth in health care technology for elderly by Anne D’Innocenzio at AP. “Best Buy Co. said Wednesday that in five years it hopes to provide 5 million seniors with health monitoring services, which can range from sensors placed throughout a home to a pendant worn around the neck. It currently provides the service to 1 million.” Read more

 

Lululemon set to wind down Ivivva kids business, to close 7 remaining stores at CNBC. Read more

 

Bezos: Facial recognition ‘a perfect example’ of the need for regulation, and Amazon is working on it by Todd Bishop & Monica Nickelsburg at GeekWire. “Jeff Bezos made a surprise appearance at an Amazon press reception Wednesday evening to introduce singer-songwriter Charlie Puth to the crowd — but before he made his way to the stage, the Amazon CEO made some unexpected news on the issue of regulating facial recognition. “Good regulation in this arena would be very welcome I think by all the players,” Bezos said.” Read more

 

Target & Disney team up at a Bullseye View. “The collaboration encompasses experiential retail and merchandising—including the launch of 25 Disney stores within select Target stores nationwide on Oct. 4, with 40 additional locations opening by October 2020.” Press release

 

Tipsheet Extra Stories

Walmart Canada betting on pricing for competitive edge in grocery wars

No charges filed against LAPD officer in deadly Costco shooting

This billion-dollar startup is turning sneakers into a ‘stock market’

Marijuana vaping product sales sink amid lung disease scare

The most innovative office design of the year is in Cartersville, GA

Read Tipsheet Extra Stories

 

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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.

 

Subscribe to Eye on Retail Tipsheet here

 

Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net

 

Website: eyeonretail.net