Kroger Cuts 100s | Costco & WERE | Miami & Flowers
Shopify beats on fourth-quarter revenue, but gives mixed guidance at CNBC. “Revenue in the fourth quarter jumped 31% from $2.14 billion in the same quarter a year earlier…Net income nearly doubled to $1.3 billion…” Read more
Kroger cuts hundreds of jobs at Cincinnati headquarters, other local facilities at Local 12. “…eliminated a couple hundred jobs as it shuts down or lowers the priority of projects the company has opted not to continue because they aren’t working out, according to sources with knowledge of the cuts who asked not to be identified. Most of the people whose jobs have been cut are consultants, many of whom worked outside Cincinnati, but numerous others are full-time employees.” Read more
Roses are red, violets are blue, 940 million flowers are traveling (through Miami) to you at AP. ” Around 90% of the fresh cut flowers being sold for Valentine’s Day in the United States come through Miami, while the other 10% pass through Los Angeles…The (Miami) airport received more than 3 million tons of cargo last year, with flowers accounting for nearly 400,000 tons, worth more than $1.6 billion.” Read more
A new IKEA location received a record-breaking 3,730 applications for just 150 open roles. Inside the pay and perks luring talent back to retail at Fortune/Yahoo
Walmart exec is paying it forward at Tulane University. “As senior vice president of operations at Walmart, Ivy Barney (MBA ’11) helps lead (Walmart)…One of her classmates in the (Tulane EMBA) program was Tracy Rosser (MBA ’11), who at the time was senior vice president of store operations with Walmart. He told Barney he had an opening on his team and thought she’d be a good fit.” Read more
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Wayfair Introduces New AI-Powered Tool ‘Muse’ Press release
Coca-Cola reverses sales volume slide, sending revenue up 6% in the fourth quarter at AP. “Quincey said limited-time offerings like Sprite Winter Spiced Cranberry, Fanta Beetlejuice and Oreo-flavored Coke helped drive sales in the fourth quarter, and more innovation is coming this year.” Read more
Dick’s Sporting Goods Opens Internal Influencer Program to the Public Press release
Cannabis Industry Faces Debt Reckoning Without Bankruptcy Help at Bloomberg. “If it were like most companies on the losing end of a boom and bust cycle, Schwazze could just turn to the US bankruptcy court…But unlike most businesses, its product — marijuana — is still illegal in the eyes of the federal government…That disadvantage will make it harder for Schwazze and other cannabis companies to win concessions from lenders…” Bloomberg subs.
USA Today Super Bowl Ad Meter Rankings Ranked list
Costco CEO, execs members of Washington business group dedicated to ‘racial equity’ at Fox Business. “Costco’s CEO and several executives are affiliated with a Washington business group dedicated to advancing “racial equity for Black Washingtonians,” showcasing just how deeply committed the grocery wholesaler is to diversity, equity and inclusion…” Read more
IKEA Chief Creative Officer leaves to take job at SharkNinja Press release
Winn-Dixie & Harveys acquired by private investors “A consortium of private investors, spearheaded by the current CEO and President of Southeastern Grocers Inc., Anthony Hucker, and C&S Wholesale Grocers…has acquired Southeastern Grocers and its Winn-Dixie and Harveys Supermarket banners from ALDI U.S.” Press release
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