Tipsheet: Dick’s -29.5% | Stitch Fix -1,400 CA | Judge Hits N.Marcus


Dick’s Sporting Goods Q1 comp sales down 29.5% “Through the first four weeks of the second quarter comp sales have decreased only 4.0%…approx 80% of stores open as of May 30.” Press release


Amazon sees strong demand for pepper spray and Black Lives Matter merchandise at CNBC. “In the Books category, “White Fragility: Why It’s So Hard for White People to Talk About Racism” is listed as the top-selling item, while “How to Be an Antiracist” is ranked third and “We’re Different, We’re the Same” is ranked seventh.” Read more


‘Hundreds’ of looters rush into Macy’s Herald Square store at NY Post. Read more


Stitch Fix to Lay off About 1,400 Employees in California at Wall Street Journal. “Most of the layoffs will take place in September and those affected will have the opportunity to relocate and stay with the San Francisco-based company. The online retailer said it will be hiring about 2,000 stylists in lower-cost locations like Dallas, Pittsburgh, Cleveland, Minneapolis and Austin, Texas, beginning this summer, and going through 2021.” WSJ subs.


Lowe’s launches new video tool that allows Pro’s to consult virtually with customers at CNBC. Read more


Neiman Marcus draws strong criticism from bankruptcy judge by Maria Halkias at Dallas Morning News. “I do not want to see a fiduciary to this estate ever appear in front of me, ever again, unprepared, uneducated and borderline incompetent,” (Judge) Jones said at the end of the hearing Friday.” Read more


Pinterest is launching a new “Shop” tab in its Lens camera search results at TechCrunch. Read more


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An entrepreneur wants major retailers to commit to buying 15% of their merchandise from black-owned businesses—a campaign dubbed the 15 Percent Pledge at Fast Company. “So many of your businesses are built on Black spending power,” Aurora James, founder of the Brooklyn boutique Brother Vellies, wrote on Instagram two days ago.” Read more


Build-A-Bear Workshop Q1 total sales down 44.7% Press release


Sell, stow or dump? Retailers wrestle with mountain of unsold stock at Reuters. “Potentially more lucrative is moving merchandise to online re-sale marketplaces that take a commission on sales…California-based luxury re-sale marketplace Tradesy opened a new business unit in April to deal with the jump in brands looking to sell stock they were stuck with…” Read more


Australia’s Woolworths to reward over 100,000 staff with shares for virus efforts at Reuters. Read more


The Kroger Co.’s 84.51° data analytics arm has hired Nancy Winé as vice president of advertising sales for its Kroger Precision Marketing retail media advertising solution at Supermarket News. Read more


Camping World announces the promotion of five executives within the company, including the promotion of Karin Bell to the position of CFO Press release


Video shows looters raiding Amazon van in Santa Monica, California at Fox 5 New York. Video/Read more


10 year old arrested for throwing a scooter through a window at Home Goods at CBS 13 Sacramento. Read more


Target Launches Gender Inclusive Pride Collection With Socks, Slides & More at Footwear News. “In addition to the collection, Target is donating $100,000 to GLSEN, the leading education organization working to create safe and inclusive schools for LGBTQ youth.” Read more


Tipsheet Extra

Looters reportedly use Twitter to target California shopping district

Gun sales surge 80% in May

How a small-town grocer kept prices even during the pandemic

Millennials are the most optimistic about life returning to normal in less than 6 months

Santa Monica owner protects his store with AR-15 and other guns

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