Tipsheet: Kors Shutter 100+ | Dick’s EVP Departs | The Shrinketts | J.Jill +9.9%


Dick’s Sporting Goods EVP to leave company in August by Paul J. Gough at Pittsburgh Business Times. “(Michele) Willoughby has worked for the sporting goods retailer since 2004, when she became vice president of planning and allocation. She was named senior vice president in 2008 and became executive vice president, eCommerce and Supply Chain, in July 2013. She was named EVP and chief strategy officer in April 2017.” Read more


Iceland’s first Costco is so popular that one-fifth of the population has joined its Facebook group by Corrine Purtill at Quartz. “People are excited about [Costco] because it is a chance to boycott the big chains that control all the prices and show that people will not have it any longer,” one Iceland native now living in California told Quartz. Prices for food and other consumer goods in Iceland are more than 70% higher than US equivalents.” Read more


Battle between Crate and Barrel & Restoration Hardware gets even weirder by Lisa Fickenscher at NY Post. “At the center of the legal beef is not sourcing of home furnishings or store layout — but the formation of a restaurant amid its stores. RH is accusing Diemoz and the second executive, Kimberly Ahlheim, of copying the designs for the restaurant and sharing them with Crate and Barrel.” Read more


J.Jill Q1 Comp Sales +9.9% Press release


Former Lowe’s Chief Supply Chain Officer Joins MSC Industrial Press release


CVS opens first retail pharmacy in Colorado by Emilie Rusch at Denver Post. “The 13,500-square-foot drugstore, 16920 E. Lincoln Ave. in Parker, is the first of three CVS Pharmacy locations expected to open this year in the Denver metro area.” Read more


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Michael Kors Q4 Comp Sales -14.1% Press release


…Michael Kors to shutter more stores, swings to loss in 1Q at Fox Business. “Luxury retailer Michal Kors added more than 100 stores to the chopping block on Wednesday after putting the wraps on a “challenging” year in an overall difficult retail environment.” Read more


THE ‘SHRINKETTS’ – Annual meeting entertainment rooted in Sam Walton’s desire for a good time by Kim Souza at Talk Business. “We worked really hard to turn our shrinkage numbers around and thought it would be cool to come up with our own cheer around shrinkage,” Wilson recalled. “Our cheerleaders were known as the ‘Shrinketts.’ And when Sam heard about our cheer he invited the ‘Shrinketts’ to perform at the shareholders’ meeting, and he loved it.” Read more


Suppliers of Wal-Mart and Jet at risk for audits, chargebacks by Kim Souza at Talk Business. Read more


Going Out for Lunch Is a Dying Tradition by Julie Jargon at Wall Street Journal. “Americans made 433 million fewer trips to restaurants at lunchtime last year, resulting in roughly $3.2 billion in lost business for restaurants, according to market-research firm NPD Group Inc. It was the lowest level of lunch traffic in at least four decades.” Read more (subscription)


Amazon patents shipping label with built-in parachute for dropping packages from drones by Nat Levy at GeekWire. Pics/Read more


Walmart taps experts for inventory in battle with Amazon by Charisse Jones at USA Today. “For swimming, for example, Walmart just named Nathan Adrian, an American who won gold in the 2012 Olympic Games and bronze last year, to offer advice on everything from swim caps to goggles.” Read more


BJ’s Hires Ex-Dick’s/Belk Execs “Scott Kessler has been named executive vice president, Chief Information Officer (CIO), effective immediately. In addition, Rafeh Masood has joined BJ’s as senior vice president, Chief Digital Officer (CDO).” Press release


‘Consumer Reports’ subscribers pick Wegmans as top grocer, again by Todd Clausen at Democrat & Chronicle. “Market Basket (86), Trader Joe’s (86), Publix (86), Fareway Stores (86) rounded out the top five grocers in the ranking. Costco (85) Aldi (83), Whole Food Markets (78), BJ’s Wholesale Club (78), Sam’s Club (76) and Target (75) were some other notables making the list.” Read more


Office Depot announces leadership changes by Emon Reiser at South Florida Business Journal. “This is the company’s first official announcement about executive changes since CEO Gerry P. Smith was named CEO in January, replacing Roland Smith.” Read more | Press release


Berkeley to ponder ordinance banning plastic straws by Dianne de Guzman at SF Gate. Read more


Tipsheet Extra Stories

A long-awaited Wegmans store in Brooklyn probably won’t open for another 2 years

Carrie Underwood travels to LA to promote her Calia line

Sears President Named CEO at Hannah Andersson

Missouri child mysteriously dies from symptoms resembling West Nile virus

Supreme Court’s Printer Decision Is Good News for Retailers and Consumers

Detroit busts 167 pot shops, with more closures coming

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