Thursday Tipsheet: Costco Comp -1% | Target CEO Gives Amazon Its Due | Amazon Ups Ante


Costco comparable sales fall 1 percent, miss Street forecasts at Reuters. “Excluding the impact of fuel prices and currency, comparable sales rose 6 percent, still missing analysts’ estimates of 6.20 percent growth.” Read more


…Costco Q3 Earnings Release  Read here


Peeking inside new Costco in Rochester, NY – opens June 5th by Pat Taney at WHEC 10 NBC. “It’s now in Rochester thanks to about $3.5 million in tax breaks. It will pay just $118,000 in taxes its first year. In return, the city is getting more than 150 new jobs that pay on average around $42,000 a year and an additional $16 million in sales tax revenue.” See the video / Read more


Video: Target’s Brian Cornell at Code Conference “I feel like I’m wearing a sign – please ask Brian about hacking and cyber security.” See the video via Recode


Target CEO Gives Amazon Its Due by Edward Baig at USA Today. “We almost need to say thank you to Amazon. They’ve taught the American consumers to shop online. But they don’t own that relationship.” Read more


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Target Wants To Offer Apple Pay – Just Not Yet by Matthew Panzarino at Techcrunch. “Target CEO Brian Cornell said today at the Code conference that the company is committed to offering Apple Pay as an option for customers. “I’d love to have Apple Pay in our system right now,” said Cornell, adding that he sat down with Tim Cook and explained that Target would be supporting it.” Read more


Financial institutions claim Home Depot breach caused ‘billions of dollars’ in fraud losses by David Allison at Atlanta Business Chronicle. “Claiming that Home Depot is still at risk of another data breach (“the risk of another such breach is real, immediate, and substantial,” the financial institutions claim), the financial institutions are asking the court to order the company to implement a number of security improvements.” Read more


Amazon offers free same-day delivery for Prime members by Krystina Gustafson at CNBC. “Residents in…14 regions—including New York, Atlanta and Boston as well as new same-day delivery markets Tampa Bay in Florida and San Diego—will now receive free same-day delivery to members on orders of $35 or more. The service previously cost $5.99.” Read more


Morgan, Walmart reach settlement over accident by Andrea Mandell at USA Today. “Walmart did right by me and my family, and for my associates and their families. I am grateful that the case was resolved amicably,” Morgan said in a statement.” Read more


CVS launches store brand aimed to attract more Hispanic shoppers by Emon Reiser at South Florida Business Journal. “The 12 stores feature fully bilingual employees, more than 1,500 popular Hispanic products….South Florida is the first market in which the brand has launched.” Read more


Tipsheet Extra

Google Confirms ‘Buy Button’ Is Coming

Q&A with Amazon Prime Boss Greg Greeley

CVS Shoplifter Slams Face First into Automatic Door

Walmart Launches Hypermarket O2O Platform “Walmart To Go”

Home Depot Prepares for Hurricane Season with Workshops in Nearly 700 Stores

Walmart to webcast Annual Meeting of Shareholders and management update for the investment community

Read Tipsheet Extra stories here



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