Tipsheet: Cornell/Simon in D.C. | Wgreen Comms Chief Retires | AutoZone -0.8% | DSW -3.0%
Target CEO to testify in Washington against border adjustment tax by Kavita Kumar, Maya Rao & Jim Spencer at Star Tribune. “Cornell will appear Tuesday at a House Ways and Means Committee hearing titled “Increasing U.S. Competitiveness and Preventing American Jobs from Moving Overseas.” Other speakers include the chief executive of Archer Daniels Midland, a big exporter that backs the plan, and former Wal-Mart CEO Bill Simon.” Read more
…Target officials have held more than 200 meetings with congressional staffers and lawmakers, and Cornell has met with 30 lawmakers to try to persuade them to abandon the tax proposal at Reuters. Read more
Walmart announces guaranteed pay for military workers by Jackie Wattles at CNN Money. “So even when a worker is on a military assignment, they’re now guaranteed to earn at least as much as they would working as a civilian at Walmart. The policy covers any military assignment from three days up to five years.” Read more
AutoZone Q3 Comp Sales -0.8% Press release
Walgreens Boots Alliance comms chief Yves Romestan retires by John Harrington at PR Week. “…with many of his former responsibilities taken on by senior colleague Laura Vergani.” Read more
DSW Q1 Comp Sales -3.0% (vs. -3.4% expected) at Fox Business. Read more
Forbes: 2017 America’s Best Midsize Employers (L.L.Bean #15, Wayfair #39, 84 Lumber #227) Top 250 list
Nordstrom taps tech veteran for empty board of directors seat by Coral Garnick at Puget Sound Business Journal. “TaskRabbit CEO Stacy Brown-Philpot is replacing longtime board director Enrique Hernandez Jr.” Read more | Press release
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Walton Family Foundation 2016 giving tops $454 million by Kim Souza at The City Wire. List of benefactors/Read more
Trio faces consequences after scamming Amazon out of $1.2 million by Rich Van Wyk at WTHR 13 NBC. “Court documents say the Finans met Glumac in parking lots. They handed over big plastic tubs full of perfectly new, perfectly good merchandise. Glumac allegedly paid the couple more than half a million dollars, and sold the electronics for $900,000 to a New York company.” Read more
A Look at the Gas Stations of Tomorrow by Sarah Kent at Wall Street Journal. “Fifteen years ago it was just fuel,” says Alex Jensen, vice president for BP’s retail arm in Europe. Now, in the U.K., half of BP’s customers don’t even fill up when they visit a station, but just come in to buy food, she says.” Read more (subscription)
Amazon’s Latest Market Disruption: 1.7 Million Free Bananas by Laura Stevens at Wall Street Journal. “Most Amazonians like them. Other workers say it is now hard to find bananas in stock at nearby grocery stores. And some eateries in a two-block radius of the stands are feeling squished.” Read more (subscription)
Gymboree hires former Tilly’s/Coldwater Creek CEO Daniel Griesemer as CEO by Matt Linder at Internet Retailer. Read more
The Future of Whole Foods Isn’t About Groceries by Craig Giammona at Bloomberg. “He got all the hard things right over the years, but he didn’t get the easy stuff right,” Kantor said. “There hasn’t been laserlike focus in a long time.” Read more
Postmates CEO will testify before Congress about the promise of robots and drones by Megan Rose Dickey at TechCrunch. Read more
Warby Parker Grew to $250 Million in Sales Through Disciplined Growth. Now It’s Time to Get Aggressive by Tom Foster at Inc. Read more
Walgreens Mental Health Platform Spurs Follow-Up Care by Bruce Japsen at Forbes. “Walgreens and its partner, nonprofit Mental Health America (MHA), say nearly 75% of visitors to the drugstore giant’s mental health site who completed MHA’s free screenings are moving toward follow-up treatment.” Read more
There Aren’t Enough Slaughterhouses to Support the Farm-to-Table Economy by Deena Shanker at Bloomberg. “In 1967 there were 9,627 livestock slaughtering establishments in the U.S…By 2016, there were only about 1,100 federally inspected meat and poultry slaughterhouses in the country…Volume sales for free-range meat..was up 26.9 percent in 2016, while conventional was down 0.5 percent, according to data from Nielsen Fresh.” Read more
Scientists have found a way to photograph people in 3D through walls using Wi-Fi by Dave Mosher at Business Insider. “The applications for Holl’s Wi-Fi holography, he says, are pretty expansive. Adding an array of reference antennas, say, inside a truck, might help rescue workers detect people in rubble left by an earthquake — or spy agencies see whether anyone is home. “You could probably use a drone to map out the inside of an entire building in 20 to 30 seconds,” he said.” Read more
Tipsheet Extra Stories
These 10 US retail locations are the top storefront steals
Amazon Sets Sights on U.K. Grocery With Checkout-Free Trademark
Drone crashes into stands during Padres-Diamondbacks game
Shopper gets locked inside a CVS store after it closes
Man dies after eating gas station nachos
Two cross-dressing men suspected in Wal-Mart crimes
Man injured after grinder incident at Target facility
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