Tipsheet: Analyst Warns on WM | Target/Kohl’s Best @ Returns | Bezos @ India
Grubhub insists it’s not exploring a sale by John Pletz at Crain’s Chicago Business. “Grubhub: ‘In fact, we believe that given the current pressure on profits across our public and private competition, there will likely be strategic opportunities to acquire share this year— given that our profitability is secure.'” Read more
…Walmart, other grocers are considering acquiring Grubhub by Lisa Fickenscher at NY Post. “Insiders at Walmart, Kroger, Albertsons and Ahold-Delhaize, the owner of Hannaford and Stop & Shop, have been reviewing how buying the Chicago company could help them with food delivery and groceries, according to ex-Amazon executive and supply-chain consultant Brittain Ladd.” Read more
Target, Kohl’s receive top product return scores in Field Agent survey by Kim Souza at Talk Business. “The average return at Target took 2.7 minutes from start to finish. At Walmart, the average return took 6.1 minutes. Kohl’s had the longest time at 9.4 minutes on average. Field Agent said the average time at Kohl’s was hampered by a single return that took 34 minutes to complete.” Read more
Cato December comp sales flat Press release
Jim Cramer says ‘hold your nose and buy’ Bed Bath & Beyond on 19% plunge at CNBC. “With a new mass promotions strategy, the retailer managed to grow same-store sales more than 7% from the year prior during the five-day shopping frenzy surrounding Thanksgiving. “It is unbelievable to me that so many people are overlooking that spectacular number,” Cramer said.” Read more
**A message from Sweets & Snacks Expo. Save the date: May 19-21, 2020 at McCormick Place in Chicago. Your year starts here. Website/Register
Target is taking the market share in women’s clothing that Kohl’s is losing at MarketWatch. Read more
…‘Kohl’s is just roadkill,’ says Cramer. ‘I’m speechless’ after ‘a terrible holiday season’ at CNBC. Read more
Tiffany & Co. and Costco’s 7-Year Long Fight Over “Counterfeit” Rings Is One to Watch in 2020 at The Fashion Law. Read more
First cashier-less Walmart Neighborhood Market in FL opens by Rob Wile at Miami Herald. “The West Miami-Dade store will have the same number of workers, about 100, as a traditional neighborhood market. But instead of swipers and baggers, the checkout lane will feature roving employees assisting shoppers when they need it.” Read more
In just 3 years, Amazon has amassed nearly 3M square feet of real estate in Bellevue, Wash. by Nat Levy at GeekWire. Read more
Target looks to gain market share with new activewear brand by Kavita Kumar at Star Tribune. “All in Motion, an activewear brand developed by Target’s in-house designers, will replace C9 by Champion, a licensed brand from Hanesbrands that Target has carried exclusively for more than 15 years.” Tiered subs.
Cleveland Research warns on Walmart Q4 at Seeking Alpha. “Overall holiday sales seemed to come in softer than we were previously expecting,” says the team at Cleveland Research, “with sales performance during December not appearing as strong compared to peers.” Read more
Dwayne ‘The Rock’ Johnson Makes Stop In Bentonville To Visit Walmart HQ at 5 News Online. “…he is traveling across the country with his Teremana Tequila team to meet and sit with customers and buyers…Teremana Tequila is The Rock’s new tequila brand launching in March…” Read more
Amazon founder Jeff Bezos to visit India next week, likely to meet PM Modi at Business Standard. Read more
‘I Felt Very Powerful’: 10-Year-Old Boy Returns $900 To Woman Who Lost Envelope In Target at KCAL 9 CBS. “Target made the event a special occasion as Foster met Ball for the first time and gave her the envelope with the $900. The two shared a hug and a smile. Parisa shared several images of the celebration on her Facebook page.” Video/Pics/Read more
‘Not on my watch’: Best Buy employee who stopped a crook gets Women’s Football League offer at WILX 10 NBC. “The clip has been viewed millions of times online, sparking positive and negative reactions as well as some job offers…Tapasa has experience playing several sports, including football and rugby.” Video/Read more
Tipsheet Extra
Lime is laying off about 100 people
The 3 biggest design trends at CES 2020
How the dairy industry plans to save milk
More brands are leaving Amazon, but the strategy could backfire
After Super Bowl, sports books preparing for XFL bets
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