Tipsheet: Costco Sells 465K Vehicles in ’15 | Macy Shakes Up Sr. Mgmt | B.Buy Adds Recycling Fee


Macy’s Shakes Up Senior Management to End Sales Funk by Phil Wahba at Fortune. “The department store said on Monday that it was naming Macy’s veteran Peter Sachse to the newly created position of chief growth officer…Macy’s also hired Ann Inc executive Justin MacFarlane as its Chief Strategy, Analytics and Innovation Officer.” Read more


Best Buy adds $25 fee for TV and computer recycling by Nick Halter at Minneapolis/St.Paul Business Journal. “Our goal has always been to simply break even on our recycling program, and we’re not there today,” wrote Laura Bishop, Best Buy’s vice president of public affairs and sustainability.” Read more


Lumber Liquidators stock gets a boost when investors confuse settlement news by Kevin Dugan at NY Post. “When media reports hit Monday that Lumber Liquidators had its plea agreement approved by a federal judge, Wall Street reacted as if the flooring retailer had put its China-sourced formaldehyde flooring crisis behind it…But the approved agreement was for the retailer to pay a $13 million fine to settle claims it illegally imported hardwood from a Russian forest that is home to the endangered Siberian tiger.” Read more


Hudson’s Bay Company Closes Previously Announced Acquisition of Gilt Read the release


Wal-Mart executive stock positions total $111 million amid share price rebound by Kim Souza at The City Wire. “For every $1 the Wal-Mart shares increase in price, Wal-Mart Stores CEO Doug McMillon personally benefits by more than $707,000 in his own stock holdings of the company.” See stock holdings for each exec


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Costco sold 465,000 vehicles through partnerships with auto dealers in 2015, a 16.8% increase from the previous year by Kate Taylor at Business Insider. “That’s not far behind the No. 1 auto retailer in the US, AutoNation, which sold 533,000 vehicles in 2014.” Read more


…More than half of GM vehicles sold under Costco promotion were purchased by people switching brands by Arlena Sawyers at Automotive News. “…the sale of approximately 58,000 Chevrolet, Buick, GMC and Cadillac cars and trucks to Costco members under the GM Holiday Sales Event represented a 34 percent increase over the previous year’s promotion, Costco Auto said. The GM Holiday Sales Event ran Oct. 2 through Jan. 4.” Read more


Home Depot: Inside the one-of-a-kind Pro Store outside of San Francisco at Home Depot News. “So, what’s with the black apron? To stand out from other stores, the Pro Store team originally had tan apron, but of course they got too dirty. The only color that could handle the work of the pro team was a black apron they designed themselves.” Read more


Construction Spending In 2015 Hits Highest Level In Eight Years by Erin Carlyle at Forbes. “Last year’s expenditures rose to $1.097 trillion, 10.5% higher than 2014′s expenditures of $993.4 billion and the highest level since 2007, when construction spending stood at 1.148 trillion.” Read more


Wayfair Unveils Exclusive New Home Brands  Read the release


Atlanta-area Home Depot store evacuated, closed indefinitely after wall collapse, gas leak by Carla Caldwell at Atlanta Business Chronicle. Read more


Reuters poll: 58% say they tried to limit sugar in their diets in the previous 30 days by Chris Prentice. “That is higher than the percentage of those who were targeting reductions in their intake of calories, sodium, fats, cholesterol or carbohydrates.” Read more


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