Walmart Greeters Moving Back to the Front of the Store by Benjamin Snyder at Fortune. “The reason? To check for possible theft among shoppers and reduce the amount of money lost on stolen items each year…The test is taking place at a few hundred stores in the U.S.” Read more

 

How a Wall Street Exec Played Career Counselor to Costco’s Richard Galanti by Lucina Shen at Business Insider. “(Richard) Galanti had walked into (Fred) Lane’s office one day in the late 1970s while both were working at Donaldson Lufkin and Jenrette and asked, “should I get an MBA?” Lane responded:“Richard, does your father want you to go to business school?” “Yes.” “Does your father love you?” “Yes.” “Do you love your father?” “Yes.” “Then you should go to business school!” Read more

 

Dollar General EVP Sells $389,783.24 in Stock at Dakota Financial News. “Robert D. Ravener sold 5,012 shares of the company’s stock in a transaction dated Wednesday, June 17th.” Read more

 

Home Depot’s Ann-Marie Campbell Named to Barnes & Noble Board of Directors “Ms. Campbell currently serves on the board of Potbelly Corporation, and on the Catalyst, Inc. Board of Advisors.” Read the release

 

Dollar Tree CEO: Expect reduced prices, improved appearance at Family Dollar stores by Jennifer Thomas as Charlotte Business Journal. “Family Dollar stores need to focus on the “value” customer with a focus on everyday low prices and delivering the right assortment of merchandise at competitive prices. That includes adding new categories and products while removing and reducing the assortment of unprofitable ones.” Read more

 

Washington D.C. often a training ground for Wal-Mart corporate jobs by Kim Souza at The City Wire. “The DC connection is interesting especially given that 20 years ago Wal-Mart had little to do with Washington. That is obviously changing,” said Alan Ellstrand, corporate governance expert and professor at the University of Arkansas.” Read more

 

Whole Foods Says This Is the Best Day for Discounts by Jacob Davidson at Money. “A Whole Foods rep tells Business Insider that Wednesday is the one day where the sales from the current week and the previous week overlap, leaving consumers with a larger number of discounts.” Read more

 

Kroger Q1 Earnings Call Transcript via Seeking Alpha  Transcript

 

CVS Health Opens Digital Innovation Lab in Boston “The Digital Innovation Lab, located at 116 Huntington Avenue in Boston’s Back Bay neighborhood, will ultimately employ up to 100 team members, complementing the work of the more than 100 digital professionals currently at the company’s Digital Experience Center in Woonsocket. “ Read the release

 

Walmart Presents at Goldman Sachs dotCommerce Day  Read the transcript

 

Home Depot Presents at Goldman Sachs dotCommerce Day  Read the transcript

 

Retailer lets you take a shower, cook a meal in its stores by Krystina Gustafson at CNBC. “Robin Lewis…said Pirch represents what he believes to be the future of retailing. Similar to Lululemon, Apple or Cabela’s stores, the brand’s shops include what Lewis called a “neurologically addictive experience. “Not only can shoppers reserve Pirch’s “Sanctuary” room—which includes more than a dozen shower heads, a steam room and a sauna—but whenever the store is open, a chef is always cooking, sending the aroma of bacon or other savory treats through the air.” Read more

 

Denver Pilot: Kroger/King Soopers Launches Natural/Organic E-com site Read the release

 

From the Archive: Frank Blake Q&A by Susan Reda at NRF. “What’s the most recent DIY project you’ve undertaken and how did it go? Do you consider yourself handy? I really like a simplified project, but the most recent “serious” DIY project was replacing a P-trap (a plumbing project). I don’t hold myself out as a DIYer.” Read the Q&A

 

Walgreens store without air-conditioning for weeks by Xerxes Wilson at The News Journal. “I went in there and every associate was dripping with sweat,” said Hockessin resident Michael Howe, who shops at the store weekly. “I started about a month ago complaining about how it was hot in there.” Howe said the cashier offered customers free water.” Read more

 

Tipsheet Extra

Milk surplus forcing Canada’s dairy industry to dump supply

Jessica Alba lobbies Congress for stronger chemical protections

Leo Burnett’s FutureShop: Browse 4D Retail Tech, Perch, Aisle 411

Dallas: Whole Foods to open Uptown store in August

America’s Best And Worst Food Franchises

Read Tipsheet Extra Stories

 

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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. See our website at www.eyeonretail.net