Tipsheet: Ikea Eyes Restaurants | Students Query H.Depot CEO | B.Pro Revises Plan | Floor & Decor IPO
Cabela’s Enters into Revised Transaction Agreements in Connection with Bass Pro Shops Merger Press release
…Cabela’s stockholders face hit of $4 per share in revised Bass Pro sale plan by Paige Yowell & Cole Epley at Omaha World-Herald. “…shareholders may be relieved that the sale is moving ahead. “It’s better than having the deal fall apart,” said Erik Gordon, a professor at the University of Michigan’s Ross School of Business.” Read more
Floor & Decor launches IPO to raise $133 million by David Allison at Atlanta Business Chronicle. “Founded in 2000 and led by Home Depot veteran Tom Taylor, Floor & Decor operates 71 warehouse-format stores across 17 states.” Read more | Press release
Ikea May Be The Next Player In The Restaurant Business by Micheline Maynard at Forbes. “The idea came up in an interview with Ikea officials on Monday in Fast Company. Ikea has been looking across its businesses for new profit centers, and recently realized that its food operations might be an opportunity.” Read more
Macy’s picks Memphis for its first outlet store in the Southeast by Jacob Steimer at Memphis Business Journal. “Macy’s operates 28 Backstage locations nationwide.” Read more
Former OfficeMax execs Warren Bryant and Rakesh Gangwal opt out of re-election to Office Depot’s board of directors by Emon Reiser at South Florida Business Journal. Read more
Kroger to test home delivery in Richmond and Dallas at NBC 12. Read more
**A message from Lock-it Block-it – Shut out burglars – not the summer breeze! The Lock-it Block-it is a high-impact security bar that allows windows to stay open AND secure at the same time. 13 adjustment holes allow for inch-by-inch opening adjustments. Great for sliding doors/windows too! Video | Sell sheet | Retailers request samples: info@shiftmarketinggroup.net
Amazon closing in on Flipkart as top India e-commerce site among mobile users by Nat Levy at GeekWire. “Flipkart captures 30.7% mobile market share, versus 30.3% for Amazon. If trends in 7Park’s data are any indication, Amazon will soon pass Flipkart in mobile engagement. Amazon’s traffic grew 46% between the first quarters of 2016 and 2017, while Flipkart traffic declined approximately 11%.” Read more
Walmart Opens 100th Training Academy in the U.S. “Walmart plans to have a total of 200 academies opened across all 50 states by the end of summer.” Press release
Amazon expands its literary horizons, making big imprint in translation niche by Angel Gonzalez at Seattle Times. “AmazonCrossing, the publishing unit devoted to scouring the world for good tales, has in a short time become the most prominent interpreter of foreign fiction into English, accounting for 10 percent of all translations in 2016.” Read more
Whole Foods hires top attorney Heather Stern from Office Depot by Will Anderson at Austin Business Journal. Read more (subs.)
Amazon’s NFL Deal Includes $30 Million in Free Marketing by Scott Soshnick at Bloomberg. “…pushing the total value of the contract as high as $80 million, according to a person familiar with the terms.” Read more
Michael Kors Names Thomas J. Edwards, Jr. as CFO Press release
Amazon May Have Expressed Interest in Buying BJ’s Wholesale Club by Leena Rao at Fortune. “Investors expect BJ’s to fetch at least $4 billion for an acquisition.” Read more
Student panel queries Home Depot CEO Craig Menear by Gary White at News Chief. “Henderson asked Menear what advice he would give millennials on becoming business leaders. He said he follows his father’s advice to tackle everything with complete conviction, and he encouraged the students to be willing to take risks. After the students finished, FSC President Anne Kerr and Provost Kyle Fedler took the stage to confer an honorary doctorate upon Menear.” Read more
Canadians believe sugar, fat more harmful than marijuana by Sunny Freeman at Financial Post. “Just 18 per cent of respondents said they thought marijuana is “very harmful” — lower than the 19 per cent who said that about alcohol, 25 per cent who felt processed sugar was “very harmful” and 33 per cent who said that about saturated fat.” Read more
Tipsheet Extra Stories
Target sharpens edge through partnerships with Harry’s and Bevel razor companies
Whole Foods CEO’s book tour off to a rough start
Brawl at California Walmart stuns Easter shoppers
America’s first drive-thru weed shop opens – includes ‘soccer mom’ entrance
Shoney’s Hit By Apparent Credit Card Breach
Amazon Alexa Can Help People With Autism Do More On Their Own
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