Tipsheet: B.Buy #59 Citizen | Amazon Boosts Kohl’s +8.5% | Weis +1.5%


Walmart likely to announce Flipkart deal before end of week at Reuters. “Both sources said that Flipkart Group Chief Executive Binny Bansal held a closed-door meeting with the firm’s top leadership at its Bengaluru headquarters on Monday, and one added that Bansal said that Flipkart co-founder Sachin Bansal would exit after the Walmart deal is sealed.” Read more


Camping World Q1 Comp Sales +3.9% Press release


Corporate Responsibility Magazine Announces 2018 100 Best Corporate Citizens (CVS #26, Best Buy #59, Gap #68) Top 100 list


PriceSmart April Comp Sales +1.9% Press release


Is the beauty industry ‘Amazon-proof’? at Financial Times via CNBC. “This is Beautycon…where tens of thousands of enthusiasts last month spent anywhere between $60 and $2,000 for a weekend of fun…these teenage girls and parents will spend a staggering annualised sum of $4,600 per square foot of the beauty sanctum, according to Beautycon. It is a figure traditional stores would kill for.” Read more


Weis Markets Q1 Comp Sales +1.5% Press release


Amazon Returns Boosting Shopper Traffic at Kohl’s, Analyst Says by Lindsey Rupp at Bloomberg. “Since the launch of an October pilot program to accept Amazon returns in some stores, traffic at participating Chicago Kohl’s stores has been about 8.5 percent higher than others, according to geolocation data analyzed by Gordon Haskett Research Advisors.” Read more


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Walmart and Sam’s Club to restrict opioid fill limit up to seven days nationwide; require e-prescriptions for opioids by 2020 Press release


Why Walmart and Costco keep stealing market share from Canadian giants by Hollie Shaw at Financial Post. “Sales of food at traditional grocery and convenience stores were flat last year, while food sales at general merchants — a group that includes Walmart, Costco and Dollarama — were up 15 per cent, according to a new report from Kevin Grier Analysis and Consulting.” Read more


Hudson’s Bay reportedly sells its flagship Vancouver store for $675 million by Gordon Hoekstra at Vancouver Sun. Read more


Why Kate Middleton’s gown was a royal flop for dress retailers by Lisa Fickenscher at NY Post. “Gardner, who makes gowns for New York-based Morilee, sold just 200 of the Middleton gowns, when a popular design can fetch upwards of 30,000 in sales, she said in an interview last week.” Read more


Why many teens no longer even look for a summer job by Jonathan Berr at CBS.”The labor force participation rate among the demographic, a measure of people looking for work, was down to 34.8 percent last month. In 1989 it was nearly 56 percent.” Read more


Pizza Hut expanding beer delivery test in Arizona and California at Reuters. Read more shuffles executives ahead of Q1 earnings by April Berthene at Internet Retailer. “ founder Patrick Byrne is switching roles with Saum Noursalehi. Byrne will now be president of Overstock Retail while Noursalehi will take on the role of CEO of tZERO.” Read more


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Microsoft and Amazon show Alexa-Cortana integrations for first time

Tesla said to start scrubbing off the ‘barnacles’ of excess contractors

U2 Tweets Stance on Abortion Referendum, Draws Ire From Pro-Life Fans

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