Dollar General Q4 comp sales +4.0% (vs. +2.6% estimate) Press release

 

…Reuters: Dollar General 2019 profit forecast falls short of estimates “The company said it expects fiscal 2019 earnings of $6.30 to $6.50 per share, below the average analyst estimate of $6.65…” Read more

 

Stein Mart Q4 comp sales -3.5% Press release

 

Walmart work underway to revamp frozen food perceptions by Kim Souza at Talk Business. “Laura Rush, VP & DMM over frozen foods at Walmart, spoke to more than 50 suppliers and business people Wednesday at the…WalStreet Fireside Chat breakfast. “Frozen is no longer taboo,” Rush said. “Frozen foods are evolving through innovation.” Read more

 

Smart & Final Q4 comp sales +1.9% Press release

 

Explore Amazon’s wide Washington reach by David McCabe & Erica Pandey at Axios. “Amazon lobbied more federal entities last year than any other public U.S. company, pressing its case throughout the government at a time when its power and reach is under a magnifying glass.” Read more

 

Walmart Turns to Food Delivery to Fend Off Amazon by Sarah Nassauer at Wall Street Journal. “Walmart was caught off guard after it began offering to deliver fresh groceries from a store in North Bergen, N.J., earlier this month, only to find orders flooding in from across the Hudson River. Drivers from DoorDash Inc. balked at paying the usual $15 toll to cross into Manhattan, store workers said; one driver was offered $11 to make the trip. Some orders were never filled…” WSJ subs.

 

Walgreens Names Heather Dixon SVP, Global Controller and Chief Accounting Office Press release

 

WeWork Labs is launching a food tech accelerator by Anthony Ha at TechCrunch. “When asked whether this could provide a template for WeWork to launch other industry-focused programs, Adler said, “It is likely that there will be more verticalized Labs programs over time.” Read more

 

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Walmart US CEO asked workers to email him their biggest complaints, and a surprising theme emerged by Hayley Peterson at Business Insider. “…I ended up getting about 2,700 emails.”…A surprising theme emerged…Workers wanted toilet-seat covers returned to the stores’ restrooms.” Read more

 

Critics were angry about Amazon’s $3 billion in tax breaks, but Hudson Yards gets more at Crain’s New York Business. “(The Amazon) price tag is well exceeded by the $6 billion in tax benefits and supporting infrastructure associated with The Related Cos. and Oxford Properties Group’s estimated $25 billion Hudson Yards redevelopment in the next decade.” Read more

 

IRI partners with the 10 largest c-store chains in the U.S. Press release

 

Boxed founder on early startup challenges: His neighbors would warn their kids not to go near the garage. His disappointed mother-in-law once told him, “I knew you weren’t the one.” by Talib Visram at Inc. Read more

 

Mercer’s Top Ranked Cities for Quality of Living Press release

 

Walmart Readies Introduction of Low-Priced iPad Rival by Matthew Boyle at Bloomberg. “The device will be made by a Chinese supplier and run on Google’s Android operating system, according to photos found on a database of wireless product applications filed with the U.S. Federal Communications Commission.” Tiered subs.

 

Investigation continues into 7-Eleven gas tank explosion at WPVI ABC 6. “All of a sudden we heard like a big boom! Like, I thought it was a meteor. I thought like a plane crashed or something – all the flames,” said Joan Hernandez of Feltonville.” Video/Read more

 

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Kroger sells digital coupon business for $565M

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‘Captain Marvel’ Songs by Hole, Nirvana & More Post 464% Sales Gain

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