Tipsheet: BJ’s +2% | B.Buy +6.2% | Tiffany +7%
Best Buy Q2 Comp Sales +6.2% Press release
…CNBC: Best Buy shares fall despite earnings beat “Best Buy reports second-quarter earnings and sales that top analysts’ expectations. But its outlook for the third quarter comes in shy of Wall Street estimates.” Read more
BJ’s Wholesale Q2 Comp Sales (Excluding Gas) +2.0% “Net sales increased 4.3% to $3.2 billion compared to $3.1 billion in the second quarter of fiscal 2017.” Press release
Tiffany shares surge after beating same-store sales estimates at CNBC. “Same-store sales rose 7 percent. Analysts on average had expected an increase of 5.73 percent, according to Thomson Reuters I/B/E/S.” Read more
Pictures & video from opening of 2nd Amazon Go store in Seattle by Nat Levy at GeekWire. Read more
The world’s first self-driving grocery delivery cars are on roads in San Jose by Adele Peters at Fast Company. “Bright green cars from the self-driving startup AutoX–with a backup driver inside–will pull up with your order in the trunk. In the backseat, the window rolls down to offer a shelf of extra food to buy.” Read more
How Petco Is Using Voice Activation To Connect With Pet Owners by David Kaplan at Geo Marketing. “I really give a lot of credit to Petco’s SVP of Innovation, Brock Weatherup. When I was introduced to him and discussed what Alpine.AI is about, he was immediately interested, and said, “Let’s figure this out and get started.” Read more
Aldi & Bunnings are the most trusted brands in Australia Press release
Kroger helps Univ. of Cincinnati boost minority enrollment in pharmacy by Barrett J. Brunsman at Cincinnati Business Courier. Read more
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Retail Technology Provider Narvar Raises $30 Million in New Funding by Erica E. Phillips at Wall Street Journal. “Retail logistics software specialist Narvar has raised $30 million in new funding to back what the company says will be aggressive expansion of a business that supports e-commerce platforms for companies including Costco, Gap Inc. and Levi Strauss & Co.” Subscription
Where Amazon packages are stolen the most (San Fran, Seattle, Minneapolis…) by Shorr. List
Food Lion invests $168 Million in 105 Greater Norfolk-Area Stores Press release
Nordstrom announces the launch of ‘True Nord,’ its first-ever national Canadian marketing brand campaign “Ogilvy Toronto CEO Laurie Young: “It is truly serendipitous that ‘Nord’ means ‘North’ in French.” Press release
Meijer Unveils All-New C- Store Design Near Its Michigan HQ Press release
Amazon’s Treasure Truck pulling into select Seattle Starbucks locations by Kurt Schlosser at GeekWire. “An Amazon spokesperson confirmed to GeekWire that it was “trying something new” by adding the pickup locations at Starbucks. The Treasure Truck has previously teamed with various types of local businesses — banks, office parks, shopping centers, Whole Foods Market, etc. — in each of the 25 cities where it operates to offer customers convenient pickup spots.” Read more
PetSmart Canada Survey: 46% would rather spend a day with their pet than their spouse/partner Press release
COTTON CANDY TACO – Texas State Fair’s annual awards for the best deep-fried sugary goodness by Ryan Osborne at Dallas Business Journal. “The cotton candy taco, created by Justin and Rudy Martinez, appropriately won “most creative.”…Fernie’s Hoppin’ John Cake with Jackpot Sauce from Winter Family Concessions won the top award in the “savory” division.” 10 pics
C&S Wholesale Grocers Announces Appointment of Joe Cavaliere as Chief Commercial Officer Press release
Missouri becomes first state in U.S. to regulate use of the word ‘meat’ by Zlati Meyer at USA Today. “The state law forbids “misrepresenting a product as meat that is not derived from harvested production livestock or poultry.” Violators may be fined $1,000 and imprisoned for a year.” Read more
Watch out, Sephora – Beauty subscription box Ipsy is thinking bigger by Elizabeth Segran at Fast Company. “(Ipsy is) launching a $25 box that will come with five full-sized beauty products worth at least $120. It’s an interesting move for a company that, until now, has been known for helping women sample new beauty products.” Read more
Tipsheet Extra Stories
These Entrepreneurs Are Putting Ads Inside Your Fortune Cookie
H-E-B Awarded for Political Engagement in the Pharmacy
Heartless shoppers complain they can’t get into Aldi as man dies in the street
JJ Watt raises record $41.6 million for Hurricane Harvey recovery effort
Billboard’s 2018 Indie Power Players
Inside the high-stakes business of tracking space junk
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