Tipsheet: Comps: CVS -4.7%, Publix -2.1%, Coach +3% | G.Galaxy +36 | Ex Wmart Exec to SpartanNash


CVS Q1 Comp Sales: Front-end -4.9%, Pharmacy -4.7% “CEO Merlo: “We continue to expect 2017 to be a rebuilding year, but our goals remain clear, and we fully intend to return to healthy levels of growth.” Press release


…CVS reports better-than-expected profit at Reuters. “Excluding items, the company earned $1.17 per share. Revenue rose 3 percent to $44.51 billion. Analysts on average had expected earnings of $1.10 per share on revenue of $44.20 billion.” Read more


Coach’s quarterly profit jumps 8.6 pct on less discounting at CNBC. “Coach, which is trying to regain its premium-brand tag, has limited promotions on its products and pulled out of over 250 department stores.” Read more


…Coach North America Comp Sales +3% “Net sales for the Coach brand totaled $915 million for the third fiscal quarter, a decrease of approximately 4%…As planned, the strategic actions in the North America wholesale channel negatively impacted sales growth by about 150 basis points.” Press release


Former Walmart exec to lead SpartanNash supply chain “From 2015 to 2017, Tom Lee served as Vice President, Merchandising Operations, U.S. e-Commerce for Walmart…Prior to that, Mr. Lee served as Vice President, Supply Chain Innovations, Global e-Commerce for Walmart.” Press release


Publix Q1 Comp Sales -2.1% “Net earnings for the first quarter of 2017 were $555.3 million, compared to $581.9 million in 2016, a decrease of 4.6 percent.” Press release


Target slashes CEO pay package after bleak year at CNBC. “Cornell’s cash-and-stock compensation fell by nearly a third to $11.3 million.” Read more


Schnuck’s Data Suit Tossed, Unlike Target And Home Depot by Joyce Hanson at Law 360. “Chief District Judge Michael J. Reagan granted St. Louis-based Schnuck’s motion to dismiss the financial institutions’ putative class action for failure to state a claim, distinguishing their cybercrime suit against the grocery chain from the Home Depot case because Schnuck’s conduct in not maintaining adequate security wasn’t intentional…” Read more (subs.)


**A message from Fabe – Italian hand-crafted pillows help prevent neck and back pain. Fabe’s Ergo Praxis pillow supports and aligns the head and neck to prevent cervical pain. Created in cooperation with Ludes University in Switzerland – it gets the body in the right position for a good night’s sleep. 100% Made in Italy. Ergo Praxis Pillow | Fabe Website | Retailers request samples at Linking Italian products with American retailers


Coach reportedly weighing an acquisition of Jimmy Choo at NY Post. Read more


You May Be Able to Buy an Eames Lounge at Costco by Hadley Keller at Architectural Digest. “While the chairs for (and on) sale appeared to be authentic Herman Miller, a representative for the company told Apartment Therapy that Costco is not, unsurprisingly, an authorized retailer.” Read more


Cauliflower Is the New Kale by Clare Suddath at Bloomberg. “The boom is thanks to converging culinary trends: low-carb, gluten-free, and healthful eating, which often means vegetarian. “It’s similar to what we saw with kale a few years ago,” says Erik Brown, global produce buyer for Whole Foods.” Read more


Video of two teens jumping 30 feet into a huge Bass Pro Shop fish tank at Daily Mail. Video/Read more


Lowe’s Expands Support Of The Military With Enhanced Discount “Lowe’s announced it will expand its military discount program by offering 10% off personal purchases every day to current and honorably discharged members of the U.S. Armed Forces.” Press release


Food Lion to Remodel 71 Stores in Greater Richmond, Va., Market in 2017 Press release


Barry Diller’s IAC to Buy Angie’s List in $500M Deal at Fox Business. “Media mogul Barry Diller’s IAC said it would combine Angie’s with its digital home services marketplace business, HomeAdvisor.” Read more


Golf Galaxy Opens 36 New Stores, Formerly Golfsmith Locations List of stores / Press release


Univ. of Kentucky changing stadium to Kroger Field in naming deal at USA Today. “The school said in a news release Monday that an agreement between Kroger and university marketing partner JMI Sports is for $1.85 million annually for up to 12 years.” Read more


Writers Guild of America & Major Studios Reach Agreement at Eleventh Hour at Variety. Read more


Should Hearing Aids Be Sold Over-the-Counter? by Sumathi Reddy at Wall Street Journal. “The HIA would support OTC hearing aids for mild hearing loss, said Mr. Sawalich, but not moderate hearing loss.” Read more (subs.)


Buc-ee’s ​120-fuel pump, largest-ever gas station expanding to Florida by Sarah Aslam at Orlando Business Journal. “Freshly made barbecue sandwiches, beef jerky by the pound, fresh fudge and clean restrooms. Like, ridiculously clean restrooms in a ridiculously big space — soon to be the biggest in Florida. No, it’s not heaven. It’s Buc-ee’s, the gas station with a cult-like following in Texas…” Read more


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