Monday Tipsheet: CVS Buys Target’s Pharmacies | Ex-JCP CMO to Yahoo | Target Fights Body Shaming
CVS buying Target’s pharmacy, clinic businesses for $1.9b via Boston Globe. “The deal includes more than 1,660 pharmacies in Target stores that will be branded as CVS/pharmacy. The agreement also calls for new Target stores to include a CVS/pharmacy if they are going to offer pharmacy services.” Read more
Yahoo Hires Former JCPenney CMO Debra Berman as Top Consumer Marketer by Tim Peterson at Ad Age. “Ms. Berman will start at Yahoo on July 6 and report directly to the company’s CMO Kathy Savitt who also oversees the company’s media business.” Read more
Target’s New Body-Positive Campaign Features Real Women at E Online. “Target is taking steps to put forth a more inclusive representation of women’s bodies in its upcoming ads, most recently with a new swimwear campaign that uses “real” women—who offer an array of body shapes and sizes—modeling bikinis and one-pieces from the brand’s latest swimwear collection.” See the pics/video
7 Fortune 500 companies with the most employees (Walmart #1) by Claire Zillman & Stacy Jones. See the list
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Wegmans executive says retailers should promote underutilized seafood by Elliot Zwiebach at Supermarket News. “Carl Salmone, VP of seafood at Wegmans Food Markets: “Right now they are not doing a good job [promoting such species],” he said. When he began buying seafood for Rochester, N.Y.-based Wegmans in 1974, the supply of wild fish in U.S. waters seemed inexhaustible, Salmone said, “and the challenge was getting people to buy it.” Read more
Why ‘Buy’ Buttons Will Pose Big Challenges for Google, Facebook, Pinterest and Twitter by Jason Del Rey at Recode. Read more
Whole Foods cooks up venture capital alternative for food startups by Annie Sciacca at San Francisco Business Times. “The 36 grant winners are chosen by the company and via social media. While the grants may not seem large — this year, it was a little more than $5,000 for each small company — it can make a big difference to early-stage food startups, Singh explained.” Read more
Hudson’s Bay Co to buy German Galeria Kaufhof for $3.17 billion via Financial Post. Read more
Target in Kailua steps out of the box, joins local chamber of commerce by Darin Moriki at Pacific Business News. “Target has stores across the nation and we operate roughly 1,800 stores nationwide, and joining chambers is not the norm,” (Drew) Santos said. “It definitely was a decision that I made — a lot of thought went into that and I think it’s a smart move for us.” Read more
Under Armour isn’t ready to give Jordan Spieth the full Tiger Woods treatment – yet by Sydney Ember at NY Times. “At Under Armour’s headquarters in Baltimore, there have been talks of a signature Spieth line and perhaps a world tour. There are plans to introduce new golf apparel and footwear next spring…” Read more
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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