Tipsheet: Ex-Target Chief to Blue Nile | Pirate Joe’s Closes | HEB #1 Trusted | D.Tree New Pres.
Target’s former e-commerce chief is now the new CEO of the online jeweler Blue Nile by Jason Del Rey at Recode. “Blue Nile…has hired former Target executive Jason Goldberger as its new CEO…Goldberger also spent time at Gilt Groupe, Hayneedle and Amazon for many years.” Read more
Owner of Saks, Lord & Taylor set to slash 2,000 jobs by Lisa Fickenscher at NY Post. “The layoffs began on Thursday as roughly 600 employees, including some senior staffers across Hudson’s Bay Co.’s various brands — including Gilt Groupe, Saks and L&T — got pink-slipped.” Read more
…Hudson’s Bay Q1 Comp -3.0% Press release | Names Alison Coville President of Hudson’s Bay Press release
CRUSH IT – Wal-Mart’s Lore shares e-commerce insights at analyst meeting by Kim Souza at Talk Business. “I think a lot of the heavy lifting is going on creating really specialized shopping experiences by micro category. We’ve got all the details just perfected. And so we are going out and hiring category specialists focused on very narrow categories and just trying to crush it,” Lore said.” Read more
Ascena Retail Group, the owner of Ann Taylor, Dress Barn and Lane Bryant clothing retailers, is closing up to 657 stores, or 25% of its total number by Lisa Fickenscher at NY Post. Read more
Michael Witynski Promoted to President and Chief Operating Officer of the Dollar Tree Banner “A Dollar Tree veteran, Mr. Witynski has served as Chief Operating Officer since July 2015, and he previously served as SVP of Stores since joining Dollar Tree in 2010. Prior to joining Dollar Tree, he held executive leadership positions at Shaw’s Supermarkets and Supervalu.” Press release
Pirate Joe’s closes Vancouver shop in wake of suit by Trader Joe’s by Stephanie Ip at Vancouver Sun. “If you just so happen to be a millionaire and have $50,000 available to donate to us to stand up to Trader Joe’s in federal court, please call,” read a post shared Wednesday on Facebook by Pirate Joe’s owner Mike Hallatt.” Read more
Field Agent Instant Video: A Look at Walmart’s New Grocery “ATM” See the onsite video / Read more
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82% of households with $112K+ income have Amazon Prime membership by Rani Malla at Recode. Income charts/Read more
Walton Family divests $862 million in Wal-Mart shares to keep ownership around 50% at Talk Business. “Walton Family Holdings Trust was left with 120,318,879 shares after the last sell on June 6. Those shares held in the trust have a street value of $9.501 billion as of Thursday (June 8).” Read more
Home Depot EVP Merchandising Ted Decker to present at Oppenheimer Consumer Conference on June 21st Press release
Temkin: H-E-B and Mercedes-Benz Are the Most Trusted Companies Press Release | Top 20 list
CVS to buy 14-store, Doc’s Drugs chain by Lee Provost at Daily Journal. Read more
Why GE, Boeing, Lowe’s, and Walmart Are Directly Buying Health Care for Employees at Harvard Business Review. “Twelve-months claims data comparing Lowe’s associates who have surgery with local providers under traditional insurance as compared to those who have surgery as part of ECEN demonstrated striking findings…” Read more
Wal-Mart promotes exclusive products with 32-page Better Homes and Garden catalog by Kim Souza at The City Wire. Read more
JD CEO: We Want to Have One Million Drones at Wall Street Journal (subscription) Video
Moody’s: Number of distressed retailers tops total during financial crisis by Kevin McCoy at USA Today. “The list of U.S. retailers with troubled financials that could make them potential bankruptcy risks, now totals 22, according to Moody’s Investors Service — topping the 19 recorded at the peak of the Great Recession.” Read more
BJ’s expands into South Carolina, building the company’s footprint to 16 states and 215 clubs Press release
Tipsheet Extra Stories
Supermarket employee fatally shoots three coworkers
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As Retail Outlook Dims, Mall Tenants Push for Shorter Leases
Former Apple employees rip the company for letting Siri fall behind
Amazon proposes a ‘virtual safety shroud’ to protect pets and people from drones
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