Tipsheet: HD Supply +5.8% | Chico’s -7.0% | Amazon Ends Restaurant Deliv
Chico’s Inc. Q1 comp sales -7.0%. By brand: Chico’s -7.8% / White House Black Market -10.0% / Soma +3.4% Press release
Amazon’s new rewards card targets those with bad credit by Sarah Perez at TechCrunch. “To pay off purchases, the card is unique in that it allows customers to either choose to make 12 months of equal payments or 6/12/24-month 0% periods for select purchases.” Read more
HD Supply Q1 organic growth +5.8% Press release
Target expands childcare and paid family leave benefits at CNN. “Starting this fall, Target workers will receive 20 days of backup child care or elder care through a partner network. Employees will be able to bring their child to an in-network day care center for $20 a day or pay a subsidized hourly rate for in-home care.” Read more
Fed judge nears nixing $69B CVS-Aetna deal: sources by Josh Kosman at NY Post. “After sparring with lawyers and witnesses for two days…Judge Leon scheduled oral arguments for July 17 and is expected to rule soon after that…Judge Leon could be the first to reject a merger settlement since 1974.” Read more
Readerlink works towards higher bid for Barnes & Noble at Reuters. “Book distribution company Readerlink LLC is working towards making a bid for Barnes & Nobles Inc that would top hedge fund Elliott Management Corp’s agreed price to buy the U.S bookseller, the Wall Street Journal reported on Monday, citing a source.” Read more | WSJ article (Subs.)
Walmart Presents at dbAccess Global Consumer Conference Call Transcript via Seeking Alpha
Hudson’s Bay’s Richard Baker leads $1-billion bid to take retailer private by Marina Strauss at Globe & Mail. “The company’s shares closed on Monday at $9.07, a 42-per-cent jump from Friday but a little below the proposed privatization price, suggesting shareholders don’t necessarily expect a higher offer.” Read more
Casey’s Q4 comp sales. Fuel: Gallons -2.8% / Grocery & other Merch. +5.7% / Prepared Food & Fountain +2.0% Press release
**A message from BK Resources: The ION Antimicrobial Handsink is infused with Silver Ions to inhibit the growth of millions of germs. Product sheet
Amazon will shutter its Amazon Restaurants food delivery service in the U.S. later this month by Taylor Soper at GeekWire. “Amazon will also shut down Daily Dish, a workplace lunch delivery service that launched in 2016…It’s unclear what, if any, moves are left in Amazon’s restaurant delivery arsenal. The company still delivers groceries from Whole Foods via Prime Now.” Read more
Nordstrom Announces Six Food And Beverage Concepts For NYC Flagship Opening In October Press release
Sam’s Club to continue reducing products in inventory by Kim Souza at Talk Business. “Sam’s Club executive Clint Gill, who oversees grocery and beverage for the retailer: “We still have too many items in our clubs, and we are working to downsize the assortment. We are not adding new items at this time”…Gill said the assortment in clubs ballooned as larger pack sizes were added to push revenue higher.” Read more
Amazon donates $8 million to fight homelessness in HQ cities Press release
Build-A-Bear’s Pay Your Age returns with chaos-proof plan by Sonja Haller at USA Today. “Once enrolled in the rewards program, guests will be notified via email by June 21 if they are among the 200,000 guests in the U.S., U.K. and Canada to receive a “winner” ticket.” Read more
Amazon beats Apple and Google to become the world’s most valuable brand at CNBC. Top 10 list
Walmart has unleashed an army of robots in its stores and workers aren’t exactly thrilled about it by Drew Harwell at Washington Post via Financial Post. “…to the workers of Walmart Supercenter No. 937 in Marietta, Georgia, the machine has a different label: “Freddy,” named for a janitor the store let go shortly before the Auto-C rolled to life. Freddy’s career at the store has gotten off to a rocky start. Workers there said it has suffered nervous breakdowns, needed regular retraining sessions and taken weird detours from its programmed rounds.” Tiered subs.
Amazon is opening its second cashier-free Amazon Go location in New York at CNBC. “…at 300 Park Avenue, in the Midtown area in Manhattan. The roughly 1,700-square-foot store will be the thirteenth Amazon Go location to open in the U.S.” Read more
Big Carpet wants to end America’s love of hardwood floors by Matthew Townsend at Bloomberg via LA Times. “After presiding over 18 months of research and development, Keith Weinberger says he has finally found the “generational change” needed to revive an industry two decades past its peak. “This will blow your mind,” he said. Weinberger is pitching a product called Home Fresh that he says acts like a giant air filter. It’s hypo-allergenic, stain-resistant and recyclable. It’s also carpet.” Tiered subs.
Tipsheet Extra Stories
U.S. firearms distributor files bankruptcy
Peeper drilled holes in multiple changing rooms at Target store
Hollywood’s 100 Favorite Movie Quotes
Mail carrier accused of stealing Menards rebate cards from ‘multiple victims’
The 2019 Top Women in Grocery
**
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: Send story tips, press releases and advertising inquiries to info@eyeonretail.net
Website: eyeonretail.net