Tipsheet: Ex-WM Exec JCP CFO | D.Tree Fires | Albertsons Spends | Trump Unloads


Supervalu Q1 net retail sales -2.7%…Consolidated net sales increased by 6.3%…Wholesale net sales increased by 12.4% Press release


Barnes & Noble shares surge 14% as activist investor urges the bookstore chain to sell itself by Lauren Thomas at CNBC. Read more


Dollar Tree fires new volley in Charlotte dollar-store legal battle by Rick Rothacker at Charlotte Business Journal. “Dollar Tree is asking a Delaware court to dismiss a suit that alleges it tried to “kill” the business of now-defunct Charlotte rival Dollar Express.” Read more


J.C. Penney appoints Ex-Walmart exec to chief financial officer by Korri Kezar at Dallas Business Journal. “Jeffrey Davis takes J.C. Penney’s executive vice president and CFO role effective immediately.” Read more


Organic ranchers eye Amazon distribution ahead of Whole Foods deal by Rod Nickel at Reuters. “Amazon plans to meet on Wednesday with a dozen U.S. ranchers, seeking to expand distribution of organic and grass-fed meats as it takes over Whole Foods, according to the meeting’s organizer.” Read more


Albertsons to ‘aggressively’ roll out more home deliveries in response to Amazon: CEO by Jade Scipioni at Fox Business. “At the end of this fiscal year, we’ll be in eight of the 10 biggest markets in the U.S. We’re going to spend lots of money on home delivery. A place like Chicago, we’re number-one share in the supermarket sector. … We’re going to work hard on home delivery…We think we can compete in that space, because somebody can order the complete variety from our store. And we have countertop service,” Alberstons CEO Bob Miller told The Idaho Statesman.” Read more


Chawla set to become COO of Walmart India by John Sarkari at Times of India. “PM Narendra Modi’s meeting with Walmart president & CEO Doug McMillon during his recent US visit has provided a new impetus in hiring top talent here in India, said senior industry executives.” Read more


Trump unloads on “Amazon Washington Post” in late night tweetstorm by Todd Venezia at NY Post. “Trump continued to decry The Washington Post as “Fake News” in a tweet saying the paper is “being used as a lobbyist weapon against Congress to keep Politicians from looking into Amazon no-tax monopoly?” Read more


HOME IMPROVEMENT HOT – Americans are expected to pour a record $316 billion into home remodeling this year, up from $296 billion a year earlier, according to Harvard University’s Joint Center for Housing Studies. via Wall Street Journal. Read more (subs.)


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YouGov: Band-Aid, Amazon, Google Are Tops In Brand Health by Tanya Gazdik at MediaPost. “Rounding out the top 10 are Craftsman, Dawn, YouTube, Clorox, M&M’s, Lowe’s and Quaker.” Read more


Amazon Bids for Indian Payments Business FreeCharge at Bloomberg. “The offer is worth between $50 million to $80 million, the person said, asking not to be identified as the negotiations are private.” Read more


Michael Kors Is Buying Shoemaker Jimmy Choo’s For $1.2 Billion at Fortune. “For Kors, the deal is a step back upmarket, after an ill-judged over-expansion into brick-and-mortar shops when it chased volume instead of defending the value of its brand.” Read more


Walmart and Expand Strategic Cooperation “Beginning July 20, customers have been able to scan a QR code at more than 400 Walmart stores in China to earn coupons for use at the Walmart online stores on during the 8.8 shopping festival on August 8. The festival will help Walmart extend its reach to the 99% of the country’s population that JD’s delivery network covers.” Press release


Ex-Home Depot CEO Nardelli named chairman of power storage company by Katie Buda at Automotive News. Read more


$97.5M JC Penney Investor Settlement Gets Initial OK by Abraham Moussako at Law 360. “A Texas federal judge ruled Monday to grant preliminary approval to a deal for J.C. Penney to pay $97.5 million and make other concessions to a class of investors who’d accused the retailer of lying about its financial health, following the recommendation of a magistrate judge.” Read more (subs.)


Amazon jacked up Prime Day prices, misleading consumers, says vendor by Jade Scipioni at Fox Business. “Jason Jacobs, founder of Remodeez, a small company that specializes in non-toxic foot deodorizers and other odor stoppers, says he had an agreement with Amazon since 2015 on a suggested retail price of $9.99 for his products…“They showed the product at $15.42 and then exed it out to put ‘$9.99 for Amazon Prime Day.’ And on the final day, the price was like $18.44.” Read more


Bill Gates joins Jeff Bezos & other big names behind trucking startup Convoy by Theodore Schleifer at Recode. Read more


How Spacee wowed Wal-Mart with a new look at merchandise by Melissa Repko at Dallas News “In the stores, a digital display table shows off connected devices, from smart thermostats to baby gadgets…In a video posted on Facebook, Wal-Mart CEO Doug McMillon called the Spacee-enabled display “the future of shopping.” Read more


It’s not just banks anymore. Democrats want to break up all kinds of big business. by Max Ehrenfreund at Washington Post. “A white paper Democrats released Monday identifies beer, food, cable, airlines and eyeglasses as products that might have become more expensive for ordinary consumers because the industries are controlled by a few big firms.” Read more


Tipsheet Extra Stories

Home Depot plans major expansion at California DC

Under Armour’s terrible year may get worse – Deutsche Bank predicts more than 15% decline

Design firm founder who helped America’s biggest brands dies in plane crash

Next stop for Amazon is ‘most valuable company on the planet’

Lowe’s truck runs red light – collides with another vehicle

Blue Apron’s stock rebounds on the heels of analyst recommendations

Read Tipsheet Extra Stories



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