Thursday’s Tipsheet: H.Depot’s CFO @ Univ. of GA | Target 5th “Most Inspiring” Co. | Dick’s wants $1 Bil in E-sales


“Home Depot’s CFO Carol Tome Speaks at Univ. of Georgia”  Highlights:

*  “Our profits are very different…appliances are very low margin…paint brushes – we make a lot of money on those – I probably shouldn’t tell you that but we do.”

*  “Home Depot has a 35% share of power tools, but online Amazon has a higher share.”

*  “No better time to work with your vendor partners than when you have the #1 market share.”

*  “Home Depot is redefining exclusivity with our vendors”

See the full video


“Target Ranked Among 25 “Most Inspiring” U.S. Cos.” by Rebecca Omastiak at Twin Cities Business.  “Target Corporation ranked fifth on a new list of the 25 “most inspiring” U.S. companies.  To compile the list, Performance Inspired, Inc.—an Atlanta-based management consulting and training firm—asked 4,738 consumers which five companies they found most inspirational and to describe their most recent encounter with each company.”  Read more


“How Walmart Plans to Double Beer Sales In Three Years” by E.J. Schultz at Ad Age.  “He reiterated the company’s goal of doubling beer sales in the next three years. “I see it as a layup. My team sees it as a big half-court shot. But I’m telling you, it’s there,” he said during his talk, which was interrupted several times by applause from the crowd of nearly 4,000 beer distributors and suppliers attending the event.”  Read more


“Dick’s Doubles Down on E-Commerce, a $1B Business by 2017” by Jessica Binns at RIS.  “Dick’s Sporting Goods expects e-commerce to be a $1 billion business for the brand by 2017 and is investing in the technology and processes both to support that growth and establish its Web platforms as a core part of its overall omnichannel strategy.”  Read more


“Target follows Walmart with launch of prepaid mobile service” by Steven Musil at CNET.  “Target’s mobile debut comes nearly four years after Walmart launched its no-contract Straight Talk brand in October 2009.”  Read more


“Kroger CEO Transition: No Story Here” by George Bradt at Forbes.  “Last week, retail food chain Kroger announced that Rodney McMullen is succeeding David Dillon as CEO, effective January 1. It’s a non-event. This transition has been in the works for years and looks like everything will happen according to plan. There is no news, no big challenges, no surprises and no story.”  Read more


“One Statistic Shows How Severely Wal-Mart Is Lagging Behind Amazon” by Ashley Lutz at Business Insider.  “Amazon’s online sales were $US 61 billion last year, while Wal-Mart’s sales were just $ US 7.7 billion, Banjo reports, citing trade publication Internet Retailer.  Even though Wal-Mart expects e-commerce sales to reach $US10 billion this year, Amazon is still dominating market share.”  Read more


“Holiday sales are projected to rise 3.9%” by Tiffany Hsu at LA Times.  “Sales in November and December, which include the shopping Super Bowls of Black Friday and the run-up to Christmas, will tick up 3.9% to $602.1 billion, according to the National Retail Federation’s forecast.  Last year, sales rose 3.5%. The average increase over the last decade is 3.3%.”  Read more


“Harris Teeter shareholders to vote on Kroger takeover” by Alexander Coolidge at  “Shareholders of North Carolina-based Harris Teeter are slated to vote Thursday on whether to accept Kroger’s $2.5 billion offer to acquire the supermarket chain.” Read more


“Beanie Babies creator cries, pleads guilty” by Michael Tarm at AP via SF Gate.  “The billionaire who created Beanie Babies broke down crying in court Wednesday as he pleaded guilty to one count of tax evasion for hiding $25 million in income in secret Swiss bank accounts.  H. Ty Warner, 69, also apologized as he stood before a federal judge in Chicago, removing his designer tortoise-shell glasses and wiping away tears as he struggled to regain his composure.”  Read more


“37% of US Consumers Combine In-Store, Online Sources of Information When Shopping”  “According to the new study, US shoppers are most likely to combine online and in-person sources when buying consumer electronics (70%), toys (66%), apparel (58%), and home appliances (57%). At the low end of the omni-channel spectrum in the US are cleaning products (14%), OTC medications (15%), and food and beverages (15%).”  Read more


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