American Eagle Outfitters CEO expects ‘Roaring 20s’-like boom for malls post-pandemic at CNBC. “Schottenstein is one of many hopeful figureheads who predict the current decade will mirror the growth of a century ago…“The sales we’re doing, like this quarter, … all the stores are comping and we’re doing it at a 50% capacity,” Schottenstein said.” Read more

 

March US home construction: 19.4% increase over February when housing construction fell by 11.3% at AP. Read more

 

Incoming Stitch Fix CEO says the ‘timing felt right’ for executive transition after Covid at CNBC. “In the last two quarters, we added more clients in those quarters than we did in all of fiscal [2020],” said Spaulding, who joined San Francisco-based Stitch Fix in January 2020 after more than two decades at Bain & Company.” Read more/Video

 

Amazon now has 200 million Prime members at GeekWire. “It’s the latest update since January 2020, when Amazon hit the 150 million milestone. Amazon reached 100 million Prime members in April 2018.” Read more

 

Read Jeff Bezos’ shareholders letter at GeekWire. “Despite what we’ve accomplished, it’s clear to me that we need a better vision for our employees’ success. We have always wanted to be Earth’s Most Customer-Centric Company. We won’t change that. It’s what got us here. But I am committing us to an addition. We are going to be Earth’s Best Employer and Earth’s Safest Place to Work.” Letter

 

**A message from Readywise – Consumers are looking for emergency food supplies – are you offering the variety they want? Up to 25-year shelf life. High quality and great taste. Website | Catalog | Sample: info@eyeonretail.net

 

Walmart flagged for failing cage-free chicken test in Latin America at Reuters/Yahoo. “Walmart is among the worst offenders in a new ranking of companies in Latin America that sell eggs from caged chickens, part of a new list of firms from Mexico to Argentina that aims to encourage more humane supply practices.” Read more

 

H-E-B visiting schools across Texas to show their appreciation at KRIS 6 News. “On Thursday, the bus was in Corpus Christi to surprise teachers and staff…”It’s fantastic, it’s so exciting, and we’re all just thrilled,” said Barnes Elementary teacher Kim Juneau. “We just want to thank them. It’s great.” Read more/Video

 

Costco Bumps Up Quarterly Dividend By 12.9% at Yahoo. Read more

 

Walmart executive speaks to DeSales University students about the future of retail at Lehigh Valley Regional News. “Scott Eckert, the Senior Vice President, Next Generation Retail with Walmart, says the pandemic has pushed shoppers online faster than ever. Eckert spoke as part of the Meet the Experts series, hosted by the Council for Retail and Sales at DeSales University.” Read more/Video

 

Billionaire Reveals His ‘Secret’ To Beating China At Manufacturing at Forbes. “Plant managers sit above the factory floor on a mezzanine platform Solon calls Pride Rock, after the prominent slab in The Lion King. They rarely get involved; teams help one another sort out problems, because if one person slows down for too long, the next in line runs out of parts. “Don’t yell at anyone; let them have a self-win,” Solon says. “I don’t need to squeeze another 10 seconds out of them. If the green light is on, we’re making money.” Read more

 

Tipsheet Extra

TreeHouse Foods COO to depart

Schnucks Teams With St. Louis Restaurants for New Food Hall

NFL inks sports bet deals with Caesars, FanDuel, DraftKings

Aldi testing self-serve loose pasta stations to reduce packaging waste

Strained supply chains creating backlog in furniture industry

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