Tipsheet: Hy-Vee Data @ Dark Web | F.Locker Miss | Gap -4%

 

Gap Inc. Q2 comp sales: Old Navy Global -5.0% / Gap Global -7.0% / Banana Republic Global -3.0% Press release

 

…Gap’s second-quarter sales fall short of estimates, CEO calls out ‘challenging environment’ at CNBC. “Net income fell to $168 million, or 44 cents per share, from $297 million, or 76 cents a share, a year ago.” Read more

 

Foot Locker Q2 comp sales +0.8% (vs. +3.3% expected) at Investor’s Business Daily. Read more

 

Breach at Hy-Vee Supermarket Chain Tied to Sale of 5M+ Stolen Credit, Debit Cards at Krebs on Security. “According to two sources who asked not to be identified for this story — including one at a major U.S. financial institution — the card data stolen from Hy-Vee is now being sold under the code name “Solar Energy,” at the infamous Joker’s Stash carding bazaar.” Read more

 

Hibbett Sports Q2 comp sales +0.3% Press release

 

‘We’ll Let You Know’: Dick’s Sporting Goods Remains Quiet on Future of Gun Sales by Chris Morris at Fortune. “Edward W. Stack, chairman and chief executive officer at Dick’s, noted “continued deterioration in hunt and firearms business,” but did not announce an expansion of the ongoing experiment, which has seen guns removed from 125 stores to date.” Read more

 

Dick’s Sporting Goods Q2 Earnings Call Transcript Seeking Alpha

 

The Buckle Q2 comp sales +1.8% Press release

 

Amazon to acquire minority stake in an Indian supermarket chain operator at Reuters. “Amazon.com Inc is set to snag a 3.58% minority stake in India’s Future Retail, which operates more than 1,500 stores in India and owns several supermarket brands, including budget department and grocery store chain, Big Bazaar.” 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 | Website | Contact

 

The Exclusive Inside Story Of The Fall Of Overstock’s Mad King, Patrick Byrne by Lauren Debter at Forbes. Read more

 

Target has opened 100 mini stores and remodeled 500 bigger ones at CNBC. “Target also says it’s still on pace to open 30 small-format stores across the country each year. The company expects to complete 300 additional store remodelings in 2020, putting it on track to remodel at least 1,000 locations out of its fleet of more than 1,800.” Read more

 

Nordstrom Names Teri Bariquit As Chief Merchandising Officer Press release

 

Ikea is quietly changing its brand again—for a very good reason by Katharine Schwab at Fast Company. “Noto is considered the most universal typeface in existence…Noto is short for “No Tofu,” providing visual representations of every letter of all of the 800 languages. It’s part of Google’s goal to make a font available for every language that is considered a script by Unicode..” Read more

 

Ross Stores Q2 comp sales +3.0% Press release

 

DoorDash says it’ll start paying driver tips next month at The Verge. “…all drivers will receive 100 percent of the tip amount a customer adds through the DoorDash app either at checkout or after delivery. Drivers will be informed of this total and the breakdown before they decide to accept an order. DoorDash is also pledging to increase base pay earnings across the board for all drivers.” Read more

 

Hasbro scoops up Peppa Pig owner for $4 billion at CNN. Read more

 

Research Says Brand Mascots Really Do Move the Needle by Minda Smiley at Adweek. “The study, which used data from the Institute of Practitioners in Advertising (a U.K. trade body that represents agencies) collected 2017-18, found that campaigns including a mascot are 37% more likely to increase market share than ones without.” Subs./Registration

 

Tipsheet Extra Stories

Gas prices in the South could drop below $2 per gallon this fall

Taylor Swift is a kid again on ‘Lover,’ a big, messy embrace of a new album

Manufacturer gets biodegradable foam coolers into Walmart

True Value boosts conversion with spinning product images

Miley Cyrus reveals she lost a Walmart deal as a teenager for ‘ripping a bong’

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: 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: Dick’s +3.2% | Fball Fans Rank Retail | BJ’s +1.6% | Bath & Body +8%

 

Dick’s Q2 comp sales +3.2% “We saw growth across each of our three primary categories of hardlines, apparel and footwear, our brick-and-mortar stores comped positively and our eCommerce channel remained strong, increasing 21%,” said Edward W. Stack.” Press release

 

BJ’s Wholesale Club Q2 comp sales (ex-gas) +1.6% “Christopher J. Baldwin, Chairman and CEO, BJ’s: “Our sales were particularly strong in the second half of the quarter as weather improved.” Press release

 

Lowe’s CEO details plans for growth as construction begins on Charlotte tech hub by Hannah Smoot at Charlotte Observer. ““(The tech hub) is going to be critical,” (Ellison) said. “We had fallen behind relative to modern technology. And it doesn’t matter what business you’re in, whether its retail or manufacturing, if you’re not on the cutting edge of technology, you’re going to fall behind.” Read more

 

Stage Stores Q2 comp sales +1.8% Press release

 

Manufacturers Want to Quit China for Vietnam. They’re Finding It Impossible. by Niharika Mandhana at Wall Street Journal. “Industrial parks (in Vietnam) have been flooded with inquiries. BW Industrial Development, backed by U.S. private-equity firm Warburg Pincus, began building factories-for-rent last year. Its facilities are booked through December. Marketing head Michael Chan said some tenants are rushing from site visits to signing contracts in just a week.” WSJ subs.

 

Stein-Mart Q2 comp sales -1.9% Press release

 

Nordstrom Q2 net sales: Full-price -6.5% / Off-price -1.9% Press release

 

…CNBC: Nordstrom shares jump after delivering strong profit, even as sales weaken in fiscal second quarter Read more

 

L Brands Q2 comp sales -1% (vs. growth of 0.3% expected) at CNBC. “Same-store sales at Victoria’s Secret dropped 6% (vs. expected -3.9%) during the quarter, while those at Bath & Body works were up 8% (vs. expected +6.3%).” Read more

 

Ace Hardware Q2 US comp sales +1.7% / Online +58% 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 

 

Tuesday Morning Q4 comp sales +0.7% Press release

 

Target CEO: US consumer confidence ‘remains strong’ at CNBC. “Consumer confidence remains strong, there’s been a reduction in fuel prices which we think is important for consumers, unemployment remains low and wages are growing,” (Cornell said)…Bottom line, “we have a pulse of the consumer,” Cornell said, easing any investors’ worries on the issue.” Read more

 

HEARD ON THE CALL – Target Q2 Earnings Call Highlights

Cornell:

Saw more than 5% comp growth in both apparel and essentials.

Expanded test of Levi’s Red Tab denim for both men and women to 50 stores in college campuses and in high-traffic urban markets.

We will expect to see the rate of new brand introduction slow (Q&A)

Mulligan:

In Q2, same-day services, in-store pickup, drive-up and Shipt accounted for more than a third of our digital sales, up from about 20% last year.

Tritton:

Results within essentials and beauty was strongest in baby, beauty and over-the-counter.

Food and beverage and home assortments saw low single digit increases in comparable sales.

In hardlines this quarter, comp sales were approximately flat overall.

Comp declines in our electronics and entertainment categories.

Smith:

2.4% increase in traffic (vs. traffic comparison of 6.4% a year ago) combined with a 0.9% increase in average ticket.

Full transcript from Seeking Alpha

 

Field Agent: Football fans predict their go-to retailers & brands for football season (Retailers: #1 Walmart, #2 Target, #3 Kroger, #4 Sam’s, #5 Aldi) Ranked brand/retailer list

 

The 50 most influential people in convenience store history at CS News. List (Subs./Register)

 

Walmart selects design team for new home office campus in Bentonville by Kim Souza at Talk Business. “Dan Bartlett, Walmart’s lead executive overseeing the new corporate campus project, said Gensler will design the future office buildings and lead a team of consultants. Those consultants include Miller Boskus Lack Architects of Fayetteville, who will be the lead design team for amenity buildings around the campus including the fitness center, auditorium and food hall.” Read more

 

Amazon has launched 150 tools and services since the beginning of the year for small and medium-sized businesses Press release

 

Lowe’s Q2 Earnings Call Transcript Seeking Alpha

 

Amazon just opened its biggest campus to date in Hyderabad, India — take a look inside at Business Insider. Pics/Read more

 

Apple wants you to treat it’s new credit card as a status symbol at The Verge. “Apple is advising against keeping your Apple Card in a leather wallet or in direct contact with denim, as such fabrics “might cause permanent discoloration that will not wash off.” Read more

 

Tipsheet Extra Stories

How Amazon and Silicon Valley Seduced the Pentagon

Venezuela Crisis Pushes Women Into ‘Forced Motherhood’

The World’s Highest-Paid Actors Of 2019

Hasbro phasing out all plastic toy packaging by the end of 2022

Amazon to host free concert from roof of Seattle’s Pike Place Market

More than 130K sign petition calling on Walmart to end gun sales

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: 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: Target +3.4% | Lowe’s US +3.2% | Sam’s #1 Pharmacy

 

Target Q2 comp sales +3.4% “…comparable digital channel sales grew 34 percent. Same-day fulfillment services (Order Pick Up, Drive Up and Shipt) accounted for nearly 1.5 percentage points of the Company’s overall comparable sales growth.” Press release

 

…Target Q2 beats expectations on strong sales, stock surges at Yahoo Finance. “Revenue: $18.42 billion vs. $18.25 billion expected. Adj. earnings per share: $1.82 vs. $1.62 expected. Same-store sales: +3.4% vs. +3% expected.” Read more

 

…Target CEO: The US trade war creates ‘uncertainty’ and ‘complexity’ for retailer at CNBC. Read more

 

…How Target Packaged a Turnaround by Phil Wahba at Fortune. “The room was no bigger than a walk-in closet, a tight fit for Target CEO Brian Cornell and the team of executives and support staff who were sharing it. Sketchy air circulation made the room feel even more claustrophobic. And its cable-TV feed didn’t work—which meant the gang couldn’t tune in to see just how badly Wall Street talking heads were freaking out about Target’s stock. The chamber, a “greenroom” at a former church turned event space on Manhattan’s Park Avenue, was an uncomfortable place to share an uncomfortable moment…” Read more

 

Lowe’s Q2 comp sales +2.3% / US comp sales +3.2% Press release

 

…CNBC: Lowe’s stock surges after beating second quarter earnings and revenue estimates “Adjusted earnings per share: $2.15, vs. $2.01 estimated. Revenue: $20.99 billion, vs. $20.94 billion estimated. Same store sales: up 2.3%, vs. up 1.9% estimated.” Read more

 

Walmart suing Tesla after seven fires at stores that were using solar panels by Kelly Tyko at USA Today. “One store in Ohio had to be closed for eight days…Walmart says it demanded on May 31, 2018, that Tesla disconnect or de-energize all of the solar panel systems. A fire happened in Yuba City, California, after the solar panels had been de-energized, the suit claims.” Read more

 

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

 

Urban Outfitters CEO calls second-quarter earnings not one of its ‘finest’ at CNBC. ” (Comp sales) fell 3% during the second quarter…worse than the 2% drop expected by Wall Street analysts surveyed by FactSet. Executives said the sales declines were driven by under-performance in women’s apparel, with “product and execution misses.” Read more

 

J.D. Power 2019 U.S. Pharmacy Satisfaction Study:

Mass – Sam’s #1

Grocery – Wegmans #1

Drug Store – Good Neighbors Pharmacy #1

Ranked list

 

Gun Sellers Are Sneaking Onto Facebook’s Booming Secondhand Marketplace by Parmy Olson & Zusha Elinson at Wall Street Journal. “To dodge the prohibition, sellers simply list gun cases or boxes at inflated prices. Those postings have become code for actual guns, while in many instances evading Facebook efforts to bar banned items.” WSJ subs.

 

Online resale store thredUP said on Wednesday it received $175 million in funding at Reuters. “Last week…J.C. Penney and Macy’s announced partnerships with San Francisco-based thredUP.” Read more

 

Costco to open its first store on Chinese mainland in the Minhang District of Shanghai on August 27 at China Plus. Read more

 

Grand opening held for Prince store at Minneapolis airport by John Ewoldt at Star Tribune. “Regnier thinks Prince is the rare artist whose legacy can support an airport retail store. “Prince loved Minnesota and fans worldwide loved him,” she said. “We’ve heard of people changing their flights with an MSP connection just to visit the store.” Tiered subs.

 

Walmart CEO: VR Training Helped Save Lives in El Paso Shooting by Aric Jenkins at Fortune. “I’ve done [the training] myself. And there’s something about doing that through VR that helps you, in some ways, live the experience and understand the steps that you need to take in an active shooter situation,” McMillon told Fortune.” Read more

 

Amazon HQ2 becomes nation’s most competitive region for home buyers by Monica Nickelsburg at GeekWire. Read more

 

The Collective Memory of American Shoppers by Kelsey Lawrence at NY Times. “I was photographing a really architecturally stunning entryway to a Lord & Taylor store in Detroit last year when security came over and asked me why I was taking pictures,” said Mr. Fuentz, the Off the Rack founder. “My honest response was: That facade was amazing. But they really didn’t understand I was serious in my admiration for the place.” Tiered subs.

 

Take a look inside Wayfair’s first physical store set to open inside the Natick Mall this week by Tim Jones at Mass Live. 36 pics

 

Gamestop Corp. Lays Off 120 Employees at Hollywood Reporter. “The cuts affected nearly 14 percent of the associate base at the company’s corporate headquarters, as well as at subsidiaries such as ‘Game Informer’ magazine.” Read more

 

Blue Nile Announces Sean Kell as CEO Press release

 

Home Depot says suppliers are moving manufacturing out of China to avoid tariffs at CNBC. “I’m not aware of a single supplier who was not moving some form of manufacturing outside of China,” said Ted Decker, executive vice president of merchandising.” Read more

 

Barnes & Noble Named # 1 Most Reputable Retailer in America for Second Year in a Row Press release

 

Jeff Bezos shows up on stage at Amazon’s epic employee concert, helps introduce Katy Perry by Taylor Soper at GeekWire. “Wooooo! How cool is this?!” Bezos yelled to the cheering crowd. “Are you guys having fun? Me, too. I’m just out here for a moment. I want to say thank you. It was another great Prime Day. I remember it was just a little over 20 years ago, I was driving all the packages to the post office myself. That wasn’t that long ago.” Read more/Pics

 

Tipsheet Extra Stories

Gamers risk health in bid to be eSports millionaires

Amazon notifies woman by email that she may have taken counterfeit pills

Millie Bobby Brown launching vegan beauty line

Amazon HQ2 Adds $200,000 To Crystal City Home Prices

Fearing tobacco’s fate, palm oil industry fights back

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: 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: H.Dep +3% | Kohl’s -2.9% | TJX +2% | WM +Ex-Target Exec

 

Home Depot Q2 comp sales +3.0% Press release

 

…Home Depot misses on sales, cuts outlook on worries tariffs could hit consumer spending at CNBC. “Home Depot is now calling for fiscal 2019 sales to be up about 2.3%, and same-store sales to be up about 4%. Previously, it was calling for total sales growth of 3.3% and same-store sales growth of 5%.” Read more

 

Kohl’s Q2 comp sales -2.9% Press release

 

…Kohl’s reports better-than-expected earnings and revenue at CNBC. “We are pleased to report that our business strengthened as we progressed through the second quarter,” said Kohl’s CEO Michelle Gass…“Comparable sales were better than the first quarter and improved during the period, turning positive during the last six weeks of the second quarter with 1% growth.” Read more

 

TJX Q2 comp sales +2.0% Press release

 

Walmart chief marketing officer exits – Ex-Target exec will help lead marketing team transformation by Kim Souza at Talk Business. “Michael Francis, a former Target and Dreamworks chief marketing exec, will join Walmart to help lead the company’s marketing team transformation in the interim…Walmart is also searching for a new chief marketing officer and a senior vice president of marketing to lead the newly created team that will report to the CMO.” Read more

 

A ‘pivotal year’ for Nordstrom by Paul Roberts at Seattle Times. “Against such a tumultuous backdrop, the NYC flagship opening has taken on outsized significance. A successful debut will be counted as welcome evidence that Nordstrom has not only stanched the bleeding, but has finally cracked the code for high-end retailing in a digital era; a lackluster opening will add to doubts about the retailer’s turnaround strategy.” Tiered subs.

 

Lumber Liquidators gets new CFO from Pier 1 at MarketWatch. Read more

 

**A message from EasyLock: Introducing the EasyLock keyless locking deadbolt. Lock your deadbolt with a simple twist!  No key required – twist to lock. Sell sheet | Sample: info@eyeonretail.net

 

Department stores make room for used fashion by Anne D’Innocenzio at AP News. “It’s good that that they are looking at modern ways of shopping,” said Neil Saunders, managing director of GlobalData Retail. “But this is not the solution to their deep-seated problems. There’s a dearth of innovation. They’re always playing catch up. This won’t be unhelpful, but it won’t be transformative.” Read more

 

Target CEO Brian Cornell sees turnaround as ‘still in early innings’ by Kavita Kumar at Star Tribune. “I think a lot about if I could have been here earlier, I would have loved to have been part of the team that thought about entering Canada,” Cornell said. “We would’ve gone slowly and learned the marketplace, understood the consumer. Because I do think our brand could have and should have been successful in that market.” Tiered subs.

 

Top CEOS from Macy’s, Target and Walmart say their new standard for corporate responsibility is no longer based on shareholder value alone at Footwear News. Read more

 

Cereal Makers Try Again to Jump-Start Stale Sales by Micah Maidenberg & Jaewon Kang at Wall Street Journal. “General Mills told investors last month that U.S. demographic trends are also working in cereal’s favor…The Census Bureau expects there to be 21 million children younger than five in the U.S. by 2030, up 2.6% over a decade. The agency also forecasts a slightly older group, people aged 65 and over, to rise 31% to 73 million people by 2030.” WSJ subs.

 

Target is launching grocery brand Good & Gather – phasing out two food brands, Archer Farms and Simply Balanced at CNBC. Read more

 

Speedway Holds Pole Position in C-store Digital Scorecard by Don Longo at CS News. “Speedway LLC ranks No. 1 overall with solid scores for website performance, site traffic, and social media engagement. Sheetz Inc., QuikTrip Corp., Kwik Trip Inc. and Wawa Inc. round out the top five. 7-Eleven Inc. leads all retailers in site visits, and Facebook and Instagram followers, but its site performance and bounce rates are below average.” Rankings chart

 

Tipsheet Extra Stories

eBay and Shopify pull listings on Jeffrey Epstein-inspired merch

7-Eleven launches mobile checkout – but only in 33 locations

Go inside a new store devoted to Ikea hacking

The jeweler to ‘80s pop royalty is making a comeback

How Woodstock 50 fell apart

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: 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: JCP -9% | WM 2% of Firearms | F.Below #57 Growth

 

JCPenney halves losses, will begin selling used clothing at AP/Yahoo. “Shares of J.C. Penney surged…partnering with thredUP, a resale website where people can buy and sell clothes online. J.C. Penney will open threadUP shop in 30 stores soon…(comp) sales tumbled 9% in the second quarter, or 6% when the impact of the company’s exit from major appliance and in-store furniture sales are accounted for.” Read more

 

Tapestry Q4 net sales +2.0%: Coach comp sales +2.0% / Kate Spade comp sales -6.0% Press release

 

Walmart Canada rolls out nationwide delivery through Instacart at TechCrunch. Read more

 

Woman sues for gun ban in Kroger grocery stores after father’s murder at CBS This Morning. “Her son told her that her father, 69-year-old Maurice Stallard, had been shot. Stallard had been shopping for school supplies with his grandson at a Kroger grocery store in Louisville, Kentucky, when a gunman opened fire, killing two – including Stallard.” Video/Read more

 

CVS faces boycott threats after dispute with birth-control delivery startup Pill Club by Ruth Reader at Fast Company. “CVS has allegedly decided to cut its reimbursement rates to the service, and in response, Pill Club says it will have to stop working with the pharmacy chain…”The reality is that we would be out of business if every pharmacy manager did what CVS is doing. And thousands of women would be without the birth control they need (Pill Club says).” Read more

 

The Rise of Hand-Me-Down Inc. by Suzanne Kapner at Wall Street Journal. “Fifty-six million women bought secondhand products in 2018, up from 44 million who did so in 2017, according to the report. Shoppers ages 18 to 37 are driving the shift. A third of Generation Z and more than a quarter of millennials will make secondhand purchases this year, the report predicts.” WSJ subs.

 

Walmart accounts for about 2% of the firearms market today, the company estimates, “which we believe places us outside at least the top three sellers in the industry.” And the retailer says it has about a 20% share of ammunition. at MarketWatch. 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 | Website | Contact

 

Amazon rolls back prices to 1959 with L.A. stunt to promote hit show — gas for 30 cents snarls traffic at The Verge. “Unfortunately, it seems that the allure of filling up a tank at 30 cents a gallon was just too much for the motorists of Santa Monica — police have issued traffic warnings recommending locals avoid the area, and apparently shut down the promotion at one point…” Read more

 

Amazon Uses a Twitter Army of Employees to Fight Criticism of Warehouses by Jonah Engel Bromwich at NY Times. “On Wednesday evening, a phalanx of Amazon employees known as “FC ambassadors” began tweeting again about how great it is to work at Amazon. When the ambassadors see others on social media discussing the brutal working conditions at Amazon fulfillment centers, its anti-union actions or anything else unflattering about the company, they step in to offer an on-the-ground perspective.” Tiered subs.

 

Fortune: 100 Fastest Growing Companies (Amazon #11, Etsy #16, Five Below #57) List

 

Facebook Marketplace: The Wild West of E-Commerce by Khadeeja Safdar at Wall Street Journal. “Frank McKenna, chief fraud strategist at PointPredictive, which makes software to detect loan and transaction fraud, said the current lack of oversight on Facebook Marketplace makes it ripe for payment fraud…“It is a scammer’s haven,” Mr. McKenna said. “They love it because they can create a fake profile and it legitimizes them.” WSJ subs.

 

Meijer welcomes 40,000 incoming college freshmen back to 21 colleges across the Midwest Press release

 

Amazon continues physical retail expansion with plans for new bookstore in Nashville and 4-star store in Boston by Nat Levy at GeekWire. Read more

 

Why Whole Foods CEO never snacks, barely drinks water and travels with a rice cooker at CNBC. “Mackey puts down his phone for the night at 9 p.m. and sets it to “do not disturb”; he does not answer work emails and texts until 7 the next morning. All his employees know that he is unreachable for those 10 hours. “People know not to email me,” he says. “My wife [is the only one who] can get through to me. She’s got the code.” Read more

 

Tipsheet Extra Stories

Jeff Bezos brings two 90-foot superyachts to waterfront Miami restaurant

Why Trump wants to buy Greenland and why Denmark won’t sell

8 in 10 workers admit to crying at work

‘Toy Story 4’  is 5th Disney movie to hit billion-dollar benchmark this year

The new mini Target in South Beach is open for business

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: 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 +2.8% | Sam’s +1.2% | Hy-Vee Breach? | UK Ad Police

 

Walmart’s Q2 earnings and sales top analysts’ estimates at CNBC. “Same-store sales: up 2.8% vs. 2.1% expected…transactions were up 0.6% during the quarter, compared with a 2.7% increase a year ago. The average ticket was up 2.2%, better than a 1.8% increase a year ago…e-commerce sales were up 37% during the quarter, matching growth during the prior quarter.” Read more

 

…Sam’s Club Q2 comp sales +1.2% / Int’l net sales -1.1% Press release

 

Hy-Vee investigating possible data breach at USA Today. “Hy-Vee is investigating possible security issues with payment processing systems at Hy-Vee fuel pumps, drive-thru coffee shops, restaurants and store-owned Wahlburgers locations that may have left customer payment data vulnerable.” Read more

 

UK retail sales unexpectedly jump in July at Financial Times. “The volume of sales rose 0.2 per cent in July compared with the previous month…Economists polled by Reuters had predicted a 0.2 per cent contraction.” Read more

 

Macy’s teams up with Google to help run its warehouses at CNBC. “(CEO Gennette) said the Google Cloud platform will allow Macy’s “efficiency, speed [and] scale.” The Google Cloud platform is going to be rolled out to all other Macy’s distribution centers next year, he said.” Read more

 

Amazon HQ gets a new ‘4-star’ store by Nat Levy at GeekWire. “The windows outside the ground floor of Amazon’s new re:Invent tower in Seattle are carefully blocked, shielding the bustling activity inside from public view. Stepping through multiple layers of black curtains reveals a crew of roughly 30 people scrambling to put the finishing touches on the latest Amazon 4-star store…” Read more

 

Weekend of action planned to pressure Walmart to stop selling guns by Charisse Jones at USA Today. “The coalition (is) launching the #Walmartmustact challenge. Visitors to Walmartmustact.org can print out a letter asking the retailer to stop supporting NRA backed politicians along with the other demands. Then they’re being asked to take a picture, tag their friends, and deliver the letters to a Walmart store manager.” Read more

 

Berkshire Hathaway boosted its stake in Amazon.com by 11% during the second quarter at Reuters. 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 | Contact

 

See 300 items Target is rereleasing from its designer collaborations by Elizabeth Segran at Fast Company. “On September 14,  the 20th anniversary of its first designer collaboration with architect Michael Graves, Target will release nearly 300 of the most iconic items from 20 of its most popular designer partnerships.” Read more | A Bullseye View

 

Tiffany’s launching men’s jewelry collection by Anne D’Innocenzio at AP. “The new men’s collection includes nearly 100 designs ranging in price from about $200 to $15,000 for jewelry, and up to $75,000 and beyond for men’s home furnishings and accessories like cocktail shakers, ice tongs and beer mugs.” Read more

 

Metro Q3 comp sales: Food +3.1% / Pharmacy +3.4% Press release

 

Canada Goose margins miss on higher sales of less profitable, lighter clothes at Reuters via Globe and Mail. “Revenue rose 59.1% and was ahead of estimates, as the company benefited from sales of costlier jackets and parkas to department stores and as it opened new retail outlets and launched products online on Chinese e-commerce company Alibaba’s Tmall marketplace.” Read more | Press release

 

Shoppers Drug Mart completes Phase 1 of its medical cannabis verification pilot program Press release

 

Walmart call center opens in Springdale, Arkansas – provides glimpse of retailer’s ‘next generation’ by Paul Gatling at Talk Business. “Greg Foran…called the building a “wonderful example” of where the company is headed…The new call center…is operational 24 hours a day and seven days a week. It employs about 950 people (95% full-time)…” Read more

 

SpartanNash Q2: Retail comp sales -2.0% / Military distribution +0.9% / Food distribution -0.7% Press release

 

Amazon will now donate unsold warehouse merchandize by default instead of trashing it at The Verge. “The new program, called Fulfilled by Amazon Donations, will see hundreds of thousands of products third-party vendors were unable to sell go to US nonprofits and a series of UK charities like Barnardo’s, Newlife, and the Salvation Army.” Read more

 

Amazon faces online backlash in China for T-shirts with Hong Kong democracy slogans at Reuters. Read more

 

Alibaba IPO plan at risk amid massive Hong Kong protests by Josh Kosman at NY Post. “The Chinese online retailer had been working toward a September listing on the Hong Kong exchange as recently as last week, two sources told The Post.” Read more

 

2019 Inc. 5000: The Most Successful Companies in America List

 

Volkswagen and Philadelphia cream cheese ads banned in UK over gender stereotypes at CNN. “The Volkswagen commercial shows a number of primarily male people taking part in adventurous activities…before cutting to a mother sitting on a park bench next to a stroller. It prompted three complaints from viewers, and the ASA found it showed a woman “engaged in a stereotypical care-giving role.” Read more

 

Tipsheet Extra Stories

‘Avengers’ director comes to Best Buy

NASCAR finally gains some measurable TV ratings traction

Selena Gomez to Launch Beauty Line

Smart ovens turning on overnight and preheating to 400 degrees

OnStar faces firestorm over baby in locked car

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: 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: Macy’s Miss | WM Winning Online Groc | Kohl’s/Facebook Team

 

Macy’s shares tank 15% as deep discounting leads to big earnings miss, cut forecast at CNBC. “…(comp sales) were up 0.3%, short of expectations for growth of 0.4%…“We took markdowns to clear the excess Spring inventory and are entering the Fall season with the right inventory to meet anticipated customer demand,” (CEO Gennette) added.” Read more

 

Walmart tops US online grocery market, with 62% more customers than nearest rival by Sarah Perez at TechCrunch. “The market still has room to grow, as well. Only 12% of U.S. consumers have tried at least one of the grocery services the report analyzed, up from 9% in June 2018.” Rankings

 

Kohl’s taps Facebook to ‘curate’ new and emerging brands by Adrienne Pasquarelli at Ad Age. “On Tuesday, Kohl’s announced “Curated by Kohl’s,” which will highlight products from new and emerging brands as discovered by Facebook…will debut in mid-October at more than 50 Kohl’s stores and Kohls.com. Starting in 2020, Facebook will help identify brands that advertise on its platform that may be a good fit for the Kohl’s program. Brands will try for the privilege through an application process.” Tiered subs.

 

Ross Stores Promotes Executives, Including CFO by Dave Sebastian at Wall Street Journal. “…finance chief Michael Hartshorn (promoted) to group president and operating chief…Succeeding Mr. Hartshorn as chief financial officer is Travis Marquette, who previously served as deputy CFO…promoting Michael Kobayashi to president in operations and technology.” WSJ subs.

 

Oregon passes law requiring eggs sold there to come from cage-free hens by Aris Folley at The Hill. Read more

 

Postmates plans to make its IPO paperwork public in September by Megan Rose Dickey & Kate Clark at TechCrunch. “Postmates has raised $681 million to date with its latest round coming in earlier this year at a $1.85 billion valuation. DoorDash, on the other hand, reached a $12.6 billion valuation in May with a $600 million Series G.” Read more

 

Entrepreneur 2019 Franchise 500 Ranking (7-Eleven #10, Ace #13, Pet Supplies Plus #46) List

 

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

 

FAA bans some Apple laptops from flights over fire risk by Tal Axelrod at The Hill. “The products in question are some 15-inch MacBook Pros sold between September 2015 and February 2017.” Read more

 

Filtered Newark water still had 4 times federal level for lead. Feds don’t know why. by Karen Yi at NJ Advance Media. Read more

 

DuPont Can’t Strip Home Depot’s Paint Price-Fixing Suit. Law 360 subs.

 

Whole Foods employees demand Amazon break all ties with ICE and Palantir by Nick Statt at The Verge. “In particular, the letter calls Amazon’s rule “dystopian,” and Whole Foods employees say they will continue to combat the company by leaking information and attempting to undermine policies and business dealings that lead to the deportation of undocumented people and other rights abuses.” Read more

 

JD.com delivers blowout Q2 profits at Footwear News. “…second-quarter profits of $90.7 million, versus consensus bets of a $6.3 million loss…Revenues during the same period climbed 22.9% to $21.9 billion, also better than the $20.9 billion forecast by analysts.” Read more

 

Patagonia’s Director of Philosophy explains what it takes to build a mission-driven company at Fast Company. 2:34 video

 

Tipsheet Extra Stories

The 10 cities most vulnerable to automation

Employee dies after getting caught in machinery at Target warehouse

Overstock shares fall as CEO gets even more nutty and unpredictable

Why Disney’s $13 Streaming Bundle May Be a Double-Edged Sword

Amazon Rekognition Falsely Matches 26 Lawmakers To Mugshots

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: 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: Amazon Sit-In | Rite Aid New CEO | Forever 21 Seeks Loan

 

Rite Aid Taps Healthcare Executive As New CEO To Replace Standley by Bruce Japsen at Forbes. “Heyward Donigan, a longtime healthcare executive, will replace Standley as Rite Aid CEO “effective immediately” and also join the drugstore chain’s board of directors, the company announced Monday.” Read more

 

44 arrested as anti-ICE protesters take over Amazon store at Fox Business. “Video shows ralliers sitting in at the store, praying and singing songs, including Kol Ha’Olam Kulo, a Hebrew song that urges against giving into fear. Eventually, New York police officers took protesters who refused to leave the premises into custody.” Read more/Video

 

UPS Bets on Amazon, for Now by Paul Ziobro at Wall Street Journal. “UPS gets close to 10% of its revenue from Amazon, according to a Morgan Stanley estimate…“Amazon doesn’t have anyone to turn to right now to replace UPS to the extent they need to,” said John Haber, chief executive of supply-chain consulting firm Spend Management Experts.” WSJ subs.

 

Department stores could have a ‘sobering’ Christmas, Credit Suisse warns at CNBC. Read more

 

Forever 21 seeks loan as cash dwindles ahead of holiday season at Bloomberg via LA Times. “(Forever 21) is in discussions with potential lenders for financing including a so-called FILO loan, said the people, who asked for anonymity discussing a private matter. Fresh cash is key as Forever 21 — which has about 800 stores worldwide and more than $3 billion in estimated annual sales — heads into the period for building holiday inventory while its business is struggling, the people said.” Tiered subs.

 

Tackling food wastage can be a $2.5 trillion market opportunity for businesses at CNBC. Read more

 

Nike is entering the subscription business with a kids’ sneaker club at CNBC. “It will allow parents to order shoes for their kids ages 2 to 10 either on a quarterly, bimonthly or monthly basis, paying monthly fees of $20, $30 or $50, respectively. The last option shaves off $10 per pair of Nike shoes purchased, with the average kids sneaker retailing for $60.” Read more

 

Walmart denies report that it’s taking violent video games off shelves by Nick Statt at The Verge. Read more

 

**A message from EasyLock: Introducing the EasyLock keyless locking deadbolt. Lock your deadbolt with a simple twist!  No key required – twist to lock. Sell sheet | Sample: info@eyeonretail.net

 

H&M and Zara Are Closing Stores To Get Ahead by Geoffrey Smith at Forbes. “Eighteen months ago, H&M was still struggling with another makeover of its online store and seemingly hell bent on opening more stores that would never pay for themselves. Fast forward to this summer…and H&M has managed to hold on to the 15% gain it made when it announced its most recent quarterly earnings in late June.” Read more

 

Deliveroo is exiting the German market by Natasha Lomas at TechCrunch. Read more

 

Walmart brand to be dropped from supermarkets in Brazil at Reuters. “Nearly 100 stores currently using the Walmart brand will be rebranded to BIG and BIG Bompreço, regional brands Walmart already used in the past. Another 27 Walmart stores will be turned into cash-and-carry stores Maxxi and membership-only retail chain Sam’s Club.” Read more

 

Tipsheet Extra Stories

Versace Apologizes After T-Shirts Spark Criticism in China

Sam’s Club offering frozen foods they claim can rival Chick-Fil-A

Top overworked cities in the U.S.

Amazon testing new program that lets it control third-party product prices

New rules can deny green cards for immigrants on food stamps

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: 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