Tipsheet: Dick’s +5.3% | McMillons Up Pledge | Furner Oct 2 Speaker
Dick’s Q4 comp sales +5.3% Press release
…Dick’s shares jump – pulling guns from another 440 stores this year “Comp sales up 5.3% vs. growth of 3% expected.” Read more
Stitch Fix shares crater more than 35% as sales miss and outlook disappoints at CNBC. “On the heels of its disappointing second-quarter results, Stitch Fix said it now expects net revenue in fiscal 2020 to range between $1.81 billion and $1.84 billion. Analysts had been calling for $1.92 billion, according to Refinitiv data.” Read more
Apple will reportedly give retail workers unlimited sick leave if they show symptoms of COVID-19 at Business Insider. Read more
Weis Markets Q4 comp sales +1.4% Press release
Tapestry CEO agrees to stay at company for three years, Coach brand president to resign at CNBC. “Joshua Schulman, the CEO and brand president of Coach, will leave the company after a transition period…” Read more
Amazon tells employees in New York and New Jersey to work from home as coronavirus spreads at CNBC. Read more
**A message from Sweets & Snacks Expo: The Most Innovative New Product Awards program showcases the most innovative ideas, concepts & products in candy and snacks! View the 2019 award winners | Register/Website
Walgreens and Postmates expand on-demand delivery service collaboration to thirteen new cities Press release
99 Cents Only Stores names Barry Feld CEO “Most recently, he spent fifteen years as the Chief Executive Officer and President and, later, the Executive Chairman of Cost Plus World Market.” Press release
Claire’s Stores names Michael Schwindle as CFO “Schwindle most recently served as CFO for Fleet Farm, where he led Finance, Human Resources, and Information Technology.” Press release
McMillons increase support for Innovation Studio by $1 Million at University of Arkansas. “The additional gift brings the McMillons’ total support of the studio to $2 million.” Read more
Walmart’s John Furner to speak October 2nd at Arkansas Business Executive Leadership Academy at Arkansas Business. Read more
Meet The Billion-Dollar Family Company That Makes Purell by Will Yakowicz at Forbes. “According to the New Yorker, their first big Purell customer was upstate New York grocery store chain Wegmans. In the early 1990s Wegmans stationed dispensers throughout the store for use by both employees and customers.” Read more
Tipsheet Extra
The World’s 50 Most Innovative Companies
Apple says it’s OK to use alcohol wipes to clean iPhone
Alibaba’s Alipay to open app to more services to take on Meituan
Why the Midwest is seeing a resurgence
Russia hints at further talks with Saudi Arabia after oil prices crash
**
Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.
Subscribe to Eye on Retail Tipsheet here
Contact us: Put your product or service in front of the most powerful retail execs in the world, send advertising inquiries to info@eyeonretail.net
Website: eyeonretail.net