Last-Minute Shoppers Increasingly Trust Only Amazon to Deliver by Karen Weise at NY Times. “Olivia Zimmermann (bought) a Bluetooth speaker from Best Buy for her sister. It was supposed to arrive by Dec. 10, two weeks before Christmas. The speaker never showed up…“I just want a refund,” she told the retailer, and then added: “At this point, I have already ordered from Amazon because I know for a fact it will be here when they say it will.” Tiered subs.
Nike crushes earnings expectations at CNBC. “In North America, Nike’s biggest market, sales rose 9 percent to $3.78 billion. Sales climbed 8 percent in Europe, Middle East & Africa to $2.31 billion. China posted Nike’s most robust growth, with sales climbing 26 percent to $1.54 billion.” Read more
Caribou Coffee, Bruegger’s Bagels say data breach exposed credit card info at Pioneer Press. “The company said the breach has been contained but that customers who visited company-owned locations between Aug. 28 and Dec. 3 may be affected by the breach.” Read more
Adobe: Five days until Christmas, and online sales are already up 18% to a record $110.6 billion at CNBC. Read more
Amazon Air leases another 10 jumbo jets – will now have 50 planes in its network by Taylor Soper at GeekWire. Read more
Canada Post says its operations are back to normal across the country, less than four weeks after its striking employees were forced back to work by federal legislation via Vancouver Sun. Read more
As Walmart takes on China’s booming delivery market, it’s going for a smaller store at CNBC. “Walmart is trying an experiment: A smaller store, focus on Chinese lower-tier cities and a new sales model with Chinese logistics company Dada-JD Daojia.” Read more
Craft retailer JOANN invests in Glowforge, will let customers use 3D laser printer at stores by Taylor Soper at GeekWire. “Instead of making objects out of plastic strands, it uses a laser to quickly cut and engrave products made from raw materials like leather, paper, plastic, fabric, or cardboard, all with the push of a button.” Read more
Zero-based budgeting comes to Walgreens by Tatyana Shumsky at Wall Street Journal. WSJ subs.
Americans are turning to dollar stores for their holiday shopping by Lisa Fickenscher at NY Post. “32 percent of their customers earn more than $100,000 a year, according to a new NPD report. “A lot of consumers discovered these stores in the last recession, and what they found surprised them,” said Anthony Chukumba, a Loop Capital analyst…Put another way, “The stigma of shopping at a dollar store has faded,” Cohen said.” Read more
BJ’s Wholesale Club names Christopher Peterson, CFO Newell Brands, to Board of Directors Press release
FDA warns about teething necklaces, bracelets after death of 18-month-old by Brett Molina at USA Today. “In another report, a 7-month-old was hospitalized after choking on the beads of a wooden teething bracelet.” Read more
Kroger Announces Retirement of Delta Division President Scot Hendricks and Promotes Victor Smith to Role Press release
How Fortnite Triggered an Unwinnable War Between Parents and Their Boys by Betsty Morris at Wall Street Journal. “Toby Ghassemieh is an inquisitive 12-year-old boy…He built a forge in his backyard with plaster of Paris to melt aluminum into ingots. He wants to be a physicist when he grows up. All that is on hold, though. What he cares about most is the videogame Fortnite. Same for his buddies Matthew Seiden, Max Howe, Jaren Erville and Reed Leidlein…” WSJ subs.
Walmart reveals the most bizarre top-selling items of 2018 in every state at Business Insider. Read more
Walgreens employee fatally shoots man after photos dispute at Fox 5. “…the man pulled a gun, jumped behind the photo counter to take photos from a clerk and then climbed back over the counter. Watkins says that while other employees tried to call police, a 28-year-old Walgreens employee shot and killed the man.” Read more
Eye on Retail Tipsheet will return Dec. 26th – Merry Christmas!
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