Another Target Executive is Leaving Company by Nick Halter at Minneapolis/St. Paul Business Journal. ” …this time it’s Judy Werthauser, the senior vice president of human resources, headquarters…by my count at least eight of the company’s top 50 executives have left since Cornell’s arrival.” Read more

 

CVS accused of overcharging thousands of customers for generic drugs in suit at AP via NY Daily News. “We’ve seen people who pay $20 for a 30-day supply as their copayments on a drug that was $11.99 for a 90-day supply had they been in the (discount program),” said Kristen Broz, an attorney with Hausfeld, the firm that filed the suit.” Read more

 

CVS partners with IBM to mine all your health data by Jessica Bartlett at Boston Business Journal. “…engineers imagine programs that can track your prescription uses to figure out if you’re properly taking your medication, or a system that can use data CVS has collected on you to figure out when you might develop complications from diabetes.” Read more

 

Best Buy’s online site becomes outlet for holders of American Express reward cards by Kavita Kumar at Star Tribune. “Shoppers can now use their American Express points to buy TVs, refrigerators, drones or pretty much anything they want from Best Buy’s website. The new capability that has been integrated into the checkout process on BestBuy.com went live Thursday.” Read more

 

Target begins using credit card chip readers as deadline looms by Nick Halter at Minneapolis/St.Paul Business Journal. “It appears Target started reading chips at least a month ago. Target installed the card readers months ago but hadn’t used them until recently. It’s not clear why, and Target could not immediately be reached for more information.” Read more

 

Lee Rudofsky leaves Wal-Mart legal team to be Arkansas’ solicitor general at The City Wire. Read more

 

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Landlords call on Target to release inter-company claims information by Marina Strauss at Globe & Mail. “RioCan Real Estate Investment Trust, the largest landlord of Target Canada, contends the retailer could be holding back on releasing vital information, possibly putting all creditors at a disadvantage, according to the landlord’s submission this week to Ontario Superior Court.” Read more

 

Kroger’s first female officer announces retirement by Tom Demeropolis at Cincinnati Business Courier. “Lynn Marmer, 62, is the fifth senior Kroger executive among the 18 top managers to announce their retirement since CEO Rodney McMullen assumed the helm in January 2014.” Read more

 

IKEA Gets Deeper Into the Woods by Saabira Chaudhuri at WSJ. “IKEA is working to wield more control over its most important raw material: wood. The Swedish furniture giant earlier this month bought a forest in Romania, marking the first time that the company will manage its own forest operations.” Read more (Subscription)

 

Rite-Aid July Comp +2.4% (Front End +0.1%) Read the release

 

How America’s biggest companies are intimately interconnected by Jonathan Marino at Business Insider. “Only three companies — The Home Depot, Verizon, and UnitedHealthcare — had no board member overlap with other DJIA constituents.” Read more

 

Weis Markets Q2 Comp +4.3% Read the release

 

Woman with Tourette’s sues Walmart after being banned for outbursts by Rick Neale at Florida Today via USA Today. “Her husband of 29 years, Kevin, seeks $200,000 for “loss of consortium” with his wife.” Read more

 

Tipsheet Extra

KFC makes a chicken bucket that also prints photos, but only in Canada

Target Inspires Budding Designers at STITCHED Fashion Camp

Alibaba unlikely to set up U.S. headquarters in Seattle

Kraft ditches free snacks for employees in cost crackdown following Heinz merger

Boston Public Market Opens, Dedicated to New England Wares

Instacart now offering workers employee status in nine cities

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