Tipsheet: Burlington Beats | Tiffany Misses | Chico’s Craters
Burlington Q3 comp sales +4.4% Press release
…Burlington Earnings Growth Crush Estimates; Stock Soars at Investor’s Business Daily. Read more
Tiffany Q3 worldwide net sales +4.0% Press release
…Tiffany misses sales estimates on weak spending by Chinese tourists at Reuters. “Tiffany’s comparable-store sales, excluding the impact of currency changes, rose 3 percent, while analysts on average were expecting a rise of 5.3 percent, according to IBES data from Refinitiv.” Read more
Walmart’s cyber-savvy execs Andy Dunn and Barbara Messing help lead the way in digital by David Gianatasio at Adweek. “This absolutely is a startup,” Dunn says. “It sounds odd for a Fortune 1 company, but we’re operating at a level of scrappiness and speed that reminds me exactly of the early days of building Bonobos.” Tiered subs
Chico’s brand president out / Q3 comp sales -6.8% Press release
California farmers frustrated after tainted romaine tied to Central Coast by John Woolfolk & Hannah Hagemann at Mercury News. “A dozen years ago, the region was rocked by an outbreak of E. coli illness from spinach that sickened more than 200 people across the country, three of whom died. Health officials eventually tied the outbreak to a single grower, Salinas-based Mission Organics.” Tiered subs.
Alimentation Couche-Tard Q2 comp sales: +5.1% Canada / +4.4% U.S. / +4.6% Europe at Toronto Star. Read more
**A message from BK Resources – The Best Kept secret for commercial and food service kitchen equipment. Leading supplier of stainless steel: commercial faucets, sinks, work tables, bar equipment, ice bins and more. Catalog | Website | Contact
American Retailers Squeeze Chinese Suppliers as Tariffs Start to Hurt by Natasha Kahn & Yifan Wang at Wall Street Journal. “Amazon cut back purchases and orders for certain of its private-label products where the tariffs make it no longer profitable to offer those goods to customers at sub-competitor prices, according to a person familiar with the matter…Walmart CFO Brett Biggs: “If we get tariffs as discussed in January prices are going to go up.” WSJ subs.
J.Jill: Q3 comp sales +1.0% CFO to depart 4/30/19
7-Eleven is first c-store in Canada to accept Alipay and WeChat at Vancouver Sun. “65% of Chinese use mobile payment platforms while travelling overseas.” Read more
Amazon unveils new service to mine and decode medical records using artificial intelligence by Clare McGrane at GeekWire. “Unveiled Tuesday during Amazon Web Services’ re:Invent conference, Amazon Comprehend Medical has already been tested with partners including Seattle’s Fred Hutchinson Cancer Research Center and pharmaceutical giant Roche.” Read more
Williams-Sonoma Inc. coming to India at Furniture Today. Read more
Sears secures court approval for an additional $350 million loan at CNBC. Read more
Celebrities Like Kylie Jenner Are Upending the $52 Billion Beauty Industry by Jaewon Kang at The Wall Street Journal. “While decades-old brands have focused on selling popular items through traditional retailers, the cadre of upstarts are engaging shoppers online and rolling out products ranging from gold-shade lip gloss to cannabis oil-infused mascara.” WSJ subs.
Sportsman’s Warehouse Q3 comp sales -0.5% Press release
Amazon Flex driver tosses package out car window like a newspaper by John Matarese at WPTV. “Her security camera shows her husband almost running over a delivery, that was laying in the driveway. “He said he found a package in the middle of the driveway. He found it strange,” she said.” Video/Read more
Tipsheet Extra Stories
FDA warns men to avoid Rhino sexual enhancement pills
34,000 people have applied for student loan forgiveness. 26 have been approved
Man took a break from work to rob a Walgreens store
Target’s new retail brand experience team finishes first project
Land O’Lakes CEO Beth Ford has one rule about email
Conde Nast CEO to Step Down, Company to Combine U.S. and Int’l Units
**
Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.
Subscribe to Eye on Retail Tipsheet here
Contact us: Send story tips, press releases and advertising inquiries to info@eyeonretail.net
Website: eyeonretail.net