Tipsheet: Costco Golf Balls Back | 7-11 CEO Q&A | Wmart Mexico Sputters |
Wal-Mart de Mexico sales growth sputters in Q1 by Anthony Harrup at MarketWatch/Wall Street Journal. “…sales in the January-March period…up 7.3%…slowest growth since the fourth quarter of 2014, and below the 12% growth for all of 2016. Same-store sales in the first quarter, which exclude stores opened in the past year, rose 4.1% in Mexico and 2.1% in Central America.” Read more | WSJ article (subs.)
American Apparel making goods outside US for first time by Lisa Fickenscher at NY Post. “The company, which prided itself on being the largest domestic apparel maker, is now producing shirts in Honduras and Nicaragua, a person familiar with the matter said.” Read more
Fred’s Q4 Comp Sales -3.6% / March Comp -0.5% Press release
…Fred’s Pharmacy Committed To Buy 1,200 Rite Aids To Win Over FTC by Bruce Japsen at Forbes. Read more
The Costco Kirkland Signature golf ball is back! by Keely Levins at Golf Digest. “Costco has restocked 40 stores with their Kirkland Signature golf balls. The balls are priced at $29.99 for two-dozen balls.” Read more
Q&A with 7-Eleven CEO Joe DePinto by Korri Kezar at Dallas Business Journal. “I think the ‘drone super highway’ is coming. And given the fact that millennials don’t drive as frequently, they’re going to want product.” Read Q&A
Walmart Grocery Pickup Rolls Out in Calgary Press release
CVS Health Expands Policy and External Affairs Team “…current executive vice president and general counsel Thomas M. Moriarty has been appointed to the newly created role of chief policy and external affairs officer.” Press release
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PriceSmart Q2 Club Sales +1.8% Press release
Rue 21 Set to Become Latest Retailer to File For Bankruptcy by Phil Wahba at Fortune. “The apparel chain, owned by Apax Partners, could file its papers sometime in April, Reuters reported, citing people familiar with the matter.” Read more
84 Lumber Names Ex-GNC/Dick’s Exec to CIO Position Press release
Sears Canada launches an off-price division by Francine Kopun at Toronto Star. “The mysterious black-wrapped store at 322 ½ Queen Street W. fits right into the fashion-focused neighbourhood that once was home to fledgling brands and now is populated by retailers like Aritzia and Lululemon…The punchline? It’s a Sears Canada pop-up store.” Read more
NRF Brings Home Depot & CVS Execs to Protect 2017 Conference Press release
Internet Retailer Announces the Finalists for the 2017 Internet Retailer Excellence Awards “Web Redesign of the Year: Califia Farms, Kate Somerville, Lowe’s, Oliver Sweeney…E-Retail Marketer of the Year: eBags, Target, Wayfair.” Full list/Press release
Hudson’s Bay Names Ex-Toys “R” Us President CEO of HBC Europe Press release
“DIGITAL EXHAUST” – Neiman Marcus Sees Experiences, Tech as Way Forward Amid Retail Slowdown by Victoria Craig at Fox Business. “Rajeev Rai, vice president of customer facing technologies and information services: “The amount of digital exhaust that has been generated and the amount retailers have to learn…is tremendous to get to understand the customer.” Read more/Video
Shark Tank’s Daymond John Joins Petco Foundation Board of Directors Press release
Job Thread Claim: Sam’s Club Gets Rid of Merchandise Assistants Read more
The Buckle March Comp Sales -10.1% Press release
Nordstrom brothers’ pay doubles after mixed year of layoffs by Coral Garnick at Puget Sound Business Journal. “Nordstrom Inc. reported each of the three Nordstrom brothers received $5.8 million in pay packages in an executive compensation disclosure Thursday. The packages are more than double the roughly $2.6 million co-presidents Blake, Peter and Erik Nordstrom pulled in the previous year.” Read more
Ex-Bergdorf Goodman President Named Coach President & CEO, Coach Brand Press release
Lady Gaga’s Ad Campaign for Tiffany & Co. is Out Now by Shannon Adduci at Billboard. “While the collection won’t be in stores until April 28 and online May 2, some of the pieces (which start at $400) are available for pre-order now on the site, which also includes a series of behind-the-scenes photos and videos from their shoot with Gaga.” Read more
Cato Reports March Same-Store Sales Down 21% Press release
Tipsheet Extra Stories
A former Home Depot exec shares the career advice he’d give his 25-year-old self
P&G manager joins Mary Kay C-suite
Megadeth co-founder returns to Minnesota hometown for his coffee shop’s grand opening
Sales of Amazon’s seven private-label fashion brands increased 67% in Q4
Hundreds line up at Winn-Dixie to meet WWE star The Big Show
Texas teen brags about stealing doughnuts from H-E-B
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