Tipsheet: Kroger +1.5% | Open Call Chatter | Joly Wasn’t ‘Crazy’
Kroger Q1 comp sales (ex-fuel) +1.5% Press release
…Reuters: Kroger quarterly results beat as digital push pays off “Sales fell 1.2% to $37.25 billion, as Kroger operated fewer stores following the sales of its convenience store business. Analysts had expected sales of $37.21 billion.” Read more
…Kroger Pilots 30-Minute Grocery Delivery at Progressive Grocer. “Kroger Rush is now available at two stores in the grocer’s home market of Cincinnati…The Oakley and Newport Marketplace stores can make the quick deliveries within a 3-mile radius.” Read more
Items pitched at Walmart’s Open Call by Kim Souza at Talk Business. “Sean Lee and Tiffany Yang of Sweety Mochi Ice Cream, a brand they created as second-generation ice cream makers from Los Angeles, got the automatic “yes” from (Steve) Bratspies…Michelle Leffert, CEO of Foppers Pet Treat Bakery in Logansport, Ind., was the other instant winner.” Read more
People thought Hubert Joly was ‘crazy or suicidal’ for taking the job as Best Buy CEO at CNBC. “Speaking at CNBC’s Evolve Conference in New York, Joly discussed the steps needed to turn around the business…Not firing anyone too quickly also helped to make sure the best leaders were in place. “The most important thing we do is not the ideas we had, it’s who we put in position of leadership,” he said.” Read more
Shopify adds U.S. fulfillment network by Emil Protalinski at Venture Beat. Read more
Chip and Joanna Gaines have big expansion plans for their Silos district by Maria Halkias at Dallas Morning News. “The couple plans a $10.4 million expansion that will take in additional blocks and add a Magnolia Home Furniture store and a coffee shop. They will move an empty historic church to the property to be used for events and more shops, with a whiffle ball field and gardens outside.” Tiered subs.
Wayfair to bring 500 jobs to Athens at AJC. Read more
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Tapestry Appoints Joanne Crevoiserat Chief Financial Officer “Ms. Crevoiserat joins from Abercrombie & Fitch, where she served as EVP & COO from February 2017 to June 2019.” Press release
From T-shirts to ice cream, Kroger pushes house brands in grocery wars at Reuters. “Almost half of Kroger’s private-label grocery lines, including bakery and dairy items, are produced in its 37 plants, giving it an advantage over rivals when it comes to quickly creating and testing out items…”They (Kroger) are very serious about private label and in my opinion better than any consumer goods company in the U.S.,” said Davidson, who used to oversee food procurement at Walmart.” Read more
Former Petco exec Allen Fujimoto joins True Leaf – a hemp wellness brand for pets Press release
Walmart to close jewelry distribution center in Bentonville, 158 jobs eliminated by Kim Souza at Talk Business. “Anne Hatfield, corporate spokeswoman for Walmart…said the operations will be transferred to Marlow, Okla., and employees were told of the pending closure in March 2018.” Read more
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