Costco’s Craig Jelinek: Executives who join Costco from other companies “tend not to do well at Costco because they don’t understand the culture.” by Elliot Zwiebach at Supermarket NewsRead Speech Highlights
Kroger Buys Hiller’s Markets at Detroit Free Press. “Kroger, the nation’s largest grocery store chain, will turn all but one of Hiller Markets’ seven stores into Kroger locations shortly after the sale closes in July.”Read more
Hank Meijer explains why Wisconsin stores are critical to expansion by Shandra Martinez at The Grand Rapids Press. “For the first time, we can dream about putting stores in Escanaba or Marquette and we see that as definitely part of our future,” Hank Meijer said. The retailer plans to open 11 stores in 2015: four stores in Michigan, four in Wisconsin, two in Illinois and one in Indiana.”Read more / See Hank Meijer video
Charges: Thief hit every Target store in Albuquerque by Mark Reilly at Minn./St.Paul Business Journal. “KRQE reports on the charges against William Ainsworth, who police say used an “alpha key” to unlock the cabinets Target uses to secure electronics and fragrances. He’s accused of stealing $9,179 worth of goods, including smart watches, headphones and cameras.”Read more
***A Message from CLUG: The World’s Smallest Bike Rack is Now Available. The CLUG Bike Clip is targeted at the urban cyclist and the casual enthusiast who are short on storage space for their bikes. CLUG is a patent pending, high quality product that made the list of 2014 Best Stuff by GQ Magazine in theirDecember 2014 issue. See the video.See the sell sheet.Contact firstname.lastname@example.org to request a product sample.
Ben Carson Resigns from Costco Board of Directors “The voluntary resignation is not due to any disagreement with the Company on any matter relating to Company’s operations, policies or practices. The Company and its Board of Directors express their deepest gratitude to Dr. Carson for his nearly sixteen years of dedicated service.”Read the 8-K
WinCo Foods Announces Opening of its 100th Store In Lewisville, TexasRead the release
Is Instacart coming to the Twin Cities? by Kavita Kumar at Star-Tribune. “Besides the job posting, there have been some other clues Instacart may soon be expanding here. When I signed up for an account on its website, I got an email back that said, “We’re almost ready to open for business in Minneapolis.”Read more
The return of the milkman by Courtney Reagan at CNBC. “A Nielsen survey suggests consumers are willing to buy more of their groceries online in the future. More than 55 percent told Nielsen they were willing to do so in the future—particularly among millennials. But “willing to try,” and making online grocery ordering and delivery a regular habit, are two different things.”Read more
Lowe’s halts sales of Chinese flooring over formaldehyde concerns by Scott Cohn at CNBC. “(Connie) Bryant says less than 10 percent of its laminate product is manufactured outside the U.S. She also notes that the sample in question was a special order product, while “the vast majority of the laminate flooring we sell is in-stock product that customers purchase in-store and carry out.”Read more
Canadian Tire Opens Second Digital Innovation Lab “The ‘Digital Garage’ builds on the momentum that began with the landmark launch of the retailer’s award winning digital ‘lab’ store in Toronto and West Edmonton Mall flagship location. Additionally, Canadian Tire will open its first Showcase Store in Edmonton, Alberta , in the coming weeks.”Read the release
Eye-on-Retail Tipsheet is created early every weekday morning and read by retail merchants and executives worldwide. We love data, earnings reports, executive presentations and stories off the beaten path that get at what’s really happening in the world of retail. Contact us at email@example.com.