Thursday Tipsheet: Wmart Cuts 75 at HQ | Sears Cuts 110 | Alibaba ‘Disappoints’
Alibaba holiday-quarter revenue disappoints at CNBC. “Revenue rose 40 percent to $4.22 billion in the December quarter, missing the average analyst estimate of $4.45 billion, according to Thomson Reuters I/B/E/S.” Read more
Wal-Mart hands out 75 pink slips at home office at The City Wire. “The 75 pink slips issued this week pale in comparison to the 2,300 issued by Sam’s Club last year.” Read more
Sears cuts 115 corporate jobs by Krystina Gustafson at CNBC. “A spokesman for the retailer, Howard Riefs, said the job cuts represent a “mix of positions in various departments across the organization.” Read more
Family Dollar CEO to sell up to 2 million shares of company’s stock by Jennifer Thomas at Charlotte Business Journal. “Levine holds nearly 8.8 million shares — or approximately 7.75 percent — of the Matthews-based discount retailer’s 114.4 million shares outstanding.” Read more
Walmart And Sears Among Top Retail Stores On Facebook via Bloomberg. “The Searchmetrics study analyzed the number of weekly Facebook Likes, comments, and shares for pages from the websites of nine top US department stores and three mass merchant stores[1] during November and December 2014.” See the rankings
Target Canada’s severance package is only severance for some by Nick Halter at Minn./St. Paul Business Journal. “If your last day is this Friday and you work through this Friday, you will continue to be compensated up through that 16 week period. If you are needed for the full 16 weeks, then we’ll provide the compensation for the full 16 weeks as well,” Target spokeswoman Molly Snyder told HuffPo.” Read more
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Family of Worker Killed at Manhattan Home Depot Speaks Out at WABC TV 7 “Someone from Home Depot told me that the guy was getting some counseling and I think he was not happy for the fact that my brother got the managerial position and he didn’t,” said Kadidia Traore, the victim’s sister.” See the video / Read more
Why This Could Be the Year Amazon Finally Reveals How Many Prime Members It Has by Jason Del Rey at Recode. “So why should Bezos go all in and disclose Prime’s membership numbers? Because it would give Wall Street analysts the ammo they need to continue to recommend Amazon’s stock, even as the company spends billions on risky new projects to boost Prime membership.” Read more
Meijer poised to open its first four supercenters in Wisconsin by Alison Bauter at Milwaukee Business Journal. “CEO Hank Meijer has said he sees potential support for about a dozen stores in the Milwaukee area, and the company plans to open two to three new Wisconsin stores each year for the next four years.” Read more
Lowe’s Canada to Hire 2,000 Employees for Spring and Summer Seasons Read the release
Rite Aid to close Charlotte distribution center, move 350 jobs to S.C. by Ken Elkins at Charlotte Business Journal. Read more
Rite Aid Selects Location for New Distribution Center in Spartanburg, South Carolina Read the release
Sears Partners with 3-D Printing Startup by Andy Brownfield at Cincinnati Business Journal. “Hauer said he is excited to work with some of Sears’ well-known brands like Craftsman and DieHard and help the company build momentum around those brands.” Read more
Seattle to Fine Residents for Throwing Food in the Garbage by Curtis Kalin at CNS News. “In an attempt to shame residents of their city, a new Seattle law will levy a fine on homes that do not properly sort food out of their garbage. Emblazoned with a red citation tag, violators will start to be fined anywhere from $1-$50 in July. For now, Seattle residents will be publicly shamed by the ‘Scarlet Letter’-like tags.” Read more
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