Tipsheet: H.Depot & Kohl’s Miss | 27% Gift Headphones | Bezos @ Gala
Home Depot Q3 comp sales +3.6% / US comp +3.8% Press release
…Home Depot cuts 2019 forecast after sales miss, shares crater at CNBC. “Earnings per share: $2.53, adjusted, vs. $2.52 expected. Revenue: $27.22 billion vs. $27.53 billion expected. Same-store sales growth, global: 3.6% vs. 4.7% expected.” Read more
Kohl’s Q3 comp sales +0.4% “(Kohl’s) now expects adjusted annual earnings per diluted share to be $4.75 to $4.95…compared to its prior guidance of $5.15 to $5.45.” Press release
…Kohl’s cuts annual profit forecast after disappointing results; shares slump at Reuters. “…analysts on average had expected same-store sales to increase 0.76%, according to IBES data from Refinitiv. On an adjusted basis, the retailer earned 74 cents per share in the third quarter ended Nov. 2. Analysts were expecting a profit of 86 cents per share.” Read more
Tiffany CEO says millennials are buying diamonds — just not the way their parents did by Lauren Zumbach at Chicago Tribune. “CEO: ‘The way a millennial lives, he meets the person he loves, they go on a trip overseas, they love each other, they come back and have a home together. They have a dog, maybe later they have a kid. At that point they buy a diamond ring.'” Q&A
Campbell’s secures prime real estate at Walmart in deal with Hallmark Channel by Jeanine Poggi at Ad Age. “As part of the deal, Walmart will host in-store cooking demos featuring Campbell’s products. Campbell’s products will make appearances in two original Hallmark holiday movies and be featured on the network’s “Home & Family” show.” Tiered subs.
**A message from Real Coconut Water: Sweet, 100% pure coconut water. Specializing in private label, organic Tetra Pak. Sell sheet | Website | Samples: info@eyeonretail.net
AmEx Is Paying Up to Get Businesses to Accept Its Cards by AnnaMaria Andriotis at Wall Street Journal. “A small number of big merchants have received payments of around $450,000 since last year, according to people familiar with the matter. It also has offered to waive the swipe fees for a small number of businesses for six months, according to an internal document titled “Parity Push Project.” WSJ subs.
The Hyper-Organized Christmas Shopper by Anne Marie Chaker at Wall Street Journal. “Ms. Schwork, a 31-year-old consultant in Silver Spring, Md., aims to be finished by Thanksgiving. She keeps track of gift ideas and completed purchases on a spreadsheet for the 25 people on her list. She watches for deals and picks up items along the way, such as new towels for her sister.” WSJ subs.
Three dead in murder-suicide in parking lot of Duncan, Oklahoma Walmart at CBS News. Read more
Here’s How Walmart’s Self-Service Ad Platform Stacks Up Against Amazon’s by Lisa Lacy at Adweek. “Walmart is developing a self-service ad platform and API in a move straight out of Amazon’s playbook. The retailer confirmed the news, but declined to share additional details. However, agencies familiar with the beta program said they expect the platform to roll out in 2020.” Tiered subs.
Alibaba finds strong demand for its Hong Kong shares despite turmoil in the city at CNN. Read more
Survey: Which Electronics Will Be Given This Christmas? at Field Agent. “More than a quarter of respondents (27%) expect to give headphones/earphones this holiday season. Additionally, some 16% said they plan to give a tablet to someone, while 13% anticipate giving a phone, video game console, and/or smart watch/fitness tracker.” Read more
Hacked Disney+ accounts are reportedly being sold for as little as $3 at CNBC. Read more
Jeff Bezos Among Honorees at American Portrait Gala at The Hollywood Reporter. “Despite the nonpartisan stance of the Smithsonian, there was an inescapable political element in the crowd. “Where else could you be where you have two former First Ladies in the room on a school night?,” said the evening’s emcee Gayle King, giving a shout-out to attendee Hillary Clinton.” Read more
Home Depot holds on to #1 for radio spots at Radio Ink. “Last week the Depot ran a whopping 62,390 ads, beating out old rival GEICO which came in second with 44,973 ads. Completing the top five were Vicks (32,645), State Farm (31,942), and Indeed (29,487). CVS rose to sixth place with 28,237 spots after being unranked the previous week.” Read more
‘Meth. We’re on it’ campaign rolls out in South Dakota to confusion, ridicule at Fox News. “The $1.4 million campaign, featuring people saying, “Meth, I’m on it,” in coffee shops, and on a football field, paid nearly $500,000 to Broadhead Co., the Minnesota-based ad agency that created the tagline.” Read more
Tipsheet Extra
Minneapolis teens’ bath bomb company hits $20M in sales
Parcel Guard smart mailbox launches in Seattle
Jeff Bezos to visit India in January, may meet PM Narendra Modi
Target Reaches 500 Solar Installations
‘Lord of the Rings’ Series Renewed by Amazon for Season 2
**
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