Tipsheet: Kohl’s/Aldi Team | Kroger Gun Decision | B.Buy+9% | HBC/Neiman ‘Whispers’


Kohl’s to bring discount grocer Aldi into its stores in pilot test at CNBC. “…into as many as 10 of its stores later this year in a pilot test…Meanwhile, Kohl’s is looking to deepen its relationship with Amazon…Mansell: “We’ve had initial discussions with Amazon about how and where we will expand the pilot, and we’ll share the details on that when they’re finalized.” Read more


Best Buy Q4 Comp Sales +9.0% Press release


…Best Buy same-store sales surge, tops 4Q expectations at Fox Business. “That’s a big turnaround from a year earlier when the figure dipped 0.9 percent for the consumer electronics retailer. Chief Financial Officer Corie Barry said in a statement that Best Buy was able to benefit from several factors, including the hardships of some of its competitors.” Read more


Kohl’s Q4 Comp Sales +6.3%” Read more


…Kohl’s strong holiday sales fuel big earnings beat at CNBC. “Earnings per share: $1.99, adjusted, vs. $1.77 estimated. Revenue: $6.78 billion vs. $6.74 billion. Same-store sales: growth of 6.3 percent vs. 5.7 percent.” Read more


Kroger stops selling guns to buyers under 21 at Fred Meyer stores at CNBC. Read more


Walmart Raises Age to Buy Firearms and Ammunition to 21 at Fortune. “…(Walmart) stopped selling the AR-15 and other rifles in 2015 and doesn’t sell handguns except in Alaska. Walmart also does not sell accessories such as bump stocks and high-capacity magazines.” Read more drops 10% after revealing SEC investigation into cryptocurrency token sale at CNBC. Read more


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Best Buy plans to shut 250 small U.S. mobile phone stores by Nandita Bose at Reuters. “The stores, which contributed just over 1 percent to the company’s overall revenue and 1 percent to its overall square footage, will be shut effective May 31.” Read more


Trump Expected to Announce Stiff Steel, Aluminum Tariffs at Bloomberg. “Trump told aides he wants to announce tariffs of 25 percent on steel and 10 percent on aluminum from all countries, according to two people who asked not to be identified because the deliberations aren’t public.” Read more


Nordstrom’s financial issues are making it tough to go private by Josh Kosman & Lisa Fickenscher at NY Post. “The odds today of a successful go-private are no greater than 50/50, according to one source close to the situation. “They are struggling to get traditional financing,” a lending source said. “Banks continue to balk about lending them all the money they need, leaving Leonard Green in a pickle.” Read more


Nordstrom co-President Erik Nordstrom speaking at Code Commerce at Shoptalk on March 20, 2018 at Recode. Read more


Hunter and Target Team Up on New Design Partnership at A Bullseye View. “(Target is) teaming up with British heritage brand Hunter to bring exclusive versions of their iconic rain boots, protective outerwear, backpacks to Target starting Saturday, April 14.” Mark Tritton Q&A


Burberry Appoints New Chief Creative Officer Replacing Christopher Bailey at Hollywood Reporter. Read more


Whispers of Talks Between Hudson’s Bay and Neiman Marcus at WWD. “Rumors are swirling among multiple sources that Saks parent Hudson Bay Co. and Neiman Marcus Group have recently held at least informal talks about a possible merger.” Read more (subs.)


Lowe’s Q4 Earnings Call Transcript at Seeking Alpha. Read more


For the Cosmetics Industry, a Regulatory Makeover Awaits by Thomas M. Burton at Wall Street Journal. “Senate staffers from both parties have reached a tentative agreement to stiffen oversight of safety standards for beauty products including skin creams, deodorants, hair dyes, shampoo and mascara…” Read more (subs.)


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