Facebook catches pop-up fever, opening first retail shop in 9 Macy’s stores by Charisse Jones at USA Today. “(Facebook) is introducing a mix of roughly 100 businesses at nine Macy’s stores across the U.S. this month, through December. The small ventures will be housed within “The Market,” a nearly year-old space carved out at various Macy’s stores to put the spotlight on new or growing brands.” Read more
Ahold ups stakes in U.S. grocery war with mini-‘robot supermarkets’ at Reuters. “At an investor event on Nov. 13, the world’s eighth biggest food retailer is set to showcase a partnership that will allow it to automate order collection at mini “robot supermarkets” attached to the stores of its U.S. chains like Stop & Shop.” Read more
Walmart Surpasses Amazon as Online Shoppers’ Most Popular Grocer by Matthew Boyle at Bloomberg. “…in a survey of online food shoppers, more of whom said they most recently visited Walmart’s site for groceries. Local supermarkets were in third place, fueled in part by logistics provider Instacart.” Tiered subs.
Nordstrom Reveals Data Security Breach Law 360 subs.
Michael Kors shares plunge as sales disappoint at CNBC. “…recorded weaker sales at its retail stores in Europe during the fiscal second quarter, making this the first time in almost two years that Kors missed analysts’ quarterly revenue expectations.” Read more
Camping World Q3 revenue +6.2% Press release
CVS tops earnings, revenue estimates, says it expects Aetna acquisition to close before Thanksgiving at CNBC. “…(front-end revenue) increasing 2 percent from last year. Same-store sales…were up 0.8 percent. While the trends improved, they were up against easy comparisons.” Read more
Ralph Lauren shares plummet / Comp sales -1.0% by Lisa Fickenscher at NY Post. Read more
Home Depot creates 3,000 multimillionaires, co-founder says at Fox Business. “(Ann Marie-Campbell) is from Jamaica. She knows all about capitalism. She’s a product of capitalism,” said Langone. “But better than that, she’s bringing all of these kids to the party with her – it is the American Dream.” Read more
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Etsy Q3 revenue growth +41.3% / Raises full-year 2018 guidance Press release
Target shares rise after Cowen upgrades the stock, raises price forecast to $100 at CNBC. “Target rose a little more than 1 percent in premarket trading to above $86.” Read more
Grocery pickup from Whole Foods Market is now available in 22 cities, with plans for continued expansion Press release
7-Eleven in Indonesia was popular — but that didn’t save it from total failure at CNBC. Read more
Amazon HQ2 Change Leaves Cities in a Bind by Shayndi Raice at Wall Street Journal. “The change in plans was frustrating, one city official said, because it might have pitched Amazon differently had officials know the plan was for half the number of workers.” WSJ subs.
Tapestry CFO Wills to Leave Press release
Sears boss Eddie Lampert accused of possibly profiting from retailer’s decline by Nathan Bomey at USA Today. “They “may have exercised undue influence to siphon value away from the Company on favorable terms,” the creditors group said in a court filing.” Read more
Giant Food Stores Agrees To Acquire Five Shop ‘n Save Stores Press release
Legal marijuana in Michigan: What you need to know by Kathleen Gray at Detroit Free Press. “When will marijuana be legal? Ten days after the election results are certified, which should be by early December. But marijuana won’t be commercially available for sale until probably early 2020.” Read more
Tipsheet Extra Stories
‘Breaking Bad’ Movie From Creator Vince Gilligan in the Works
Mortgage applications drop to 4-year low as interest rates hit 8-year high
Kraft to sell Canada natural cheese business to Parmalat
List of the fattest states in America
Pringles is selling Thanksgiving-flavored chips
‘Shrek’ Getting Rebooted
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