GameStop Q4 total global sales -7.6% Press release
Loblaw looks to leverage loyalty data with online advertising business by Jake Emiston at Financial Post. “The pilot project, to launch Wednesday, will see Loblaw ask members of its PC Optimum loyalty program agree to become the audience for online ads that Loblaw itself will serve up across the internet, based on what it knows about its customers. In exchange, those members will get rewards points for each ad they see.” Tiered subs.
These are the 25 most attractive employers in America, according to LinkedIn (Amazon #3) at CNBC. List/Read more
Walgreens already angered store managers by slashing bonuses. Now it’s cutting even more costs. by Lisa Schencker at Chicago Tribune. “With the revised earnings outlook, “the estimated bonus payout for the year has been substantially reduced,” said James Kehoe (global CFO & EVP)…Walgreens may reduce its information technology spending by $500 million to $600 million, Kehoe said.” Tiered subs.
Blue Apron appoints Linda Findley Kozlowski as CEO – Most recently served as COO of Etsy Press release
Target’s newest furniture is for kids with sensory sensitivity by Mark Wilson at Fast Company. “Available online now with prices that range from $20 to $100, the approximately 20-item collection includes the sorts of adorable items you’d expect in Pillowfort, like a pineapple rug or an indoor tent built to hold a desk.” Read more
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Dollar General and Western Union launch money transfer service at more than 15,400 Dollar General locations Press release
Smaller profit from the sale of generic drugs is squeezing Walgreens and CVS by Sharon Terlep & Joseph Walker at WSJ. “The pharmacy trends are not only impacting our business,” Walgreens CEO Stefano Pessina said Tuesday on a conference call. “They are impacting the overall market and will likely continue to do so over the coming months.” WSJ subs.
Online shopping officially overtakes brick-and-mortar retail for the first time ever at CNBC. Read more
eBay to shutdown the eBay Commerce Network, its third party ad network by Ingrid Lunden at TechCrunch. “…as it puts more of an emphasis on some of its other advertising efforts, namely affiliate marketing and advertising on eBay itself.” Read more
Walmart-Backed Eko to Launch FBE’s Interactive Series ‘Epic Night’ by Todd Spangler at Variety. Read more
P&G Faces Backlash Over Diaper, Sanitary Waste by Saabira Chaudhuri at WSJ. “Procter & Gamble is facing mounting pressure to deal with the waste generated by used diapers and sanitary pads, forcing the owner of Pampers and Always to find ways to collect and recycle these products. The pressure is particularly acute in India…” WSJ subs.
Cramer: My sources at Amazon indicate to me they’ll do whatever it takes to undercut Walmart at CNBC. “They hate, hate, hate Walmart. Walmart is the biggest grocery chain in the country,” Cramer said on “Squawk on the Street. ” “Amazon will stop at nothing to take away the share that Walmart has gained.” Read more
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