Tipsheet: Lebron Does Retail | Camping World Refocuses | WM/Kroger Asks Gov’t
Coach owner Tapestry appoints Jide Zeitlin as CEO at CNBC. “Zeitlin, chairman of the board since November 2014, will replace Victor Luis, who oversaw the company’s acquisition of Stuart Weitzman in 2015 and Kate Spade in 2017. The company also said it is maintaining its fiscal 2020 outlook.” Read more
LeBron James to Open Experiential Retail Flagship in Miami by Nadia Neophytou at Hollywood Reporter. “The new 10,000-square-foot flagship store at 261 NW 26th St. is outfitted with an in-house photo studio complete with a prop house, art installations and a courtyard for “sporting and lifestyle events for the Miami community and global travelers,” according to a press statement, and is slated to open in early December.” Read more
Walmart to discontinue sales of some ammunition, asks customers not to open carry at The Hill. “The company will discontinue sale of short-barrel rifle ammunition…Walmart will also sell through the remaining inventory of handgun ammunition, as well as discontinue handgun sales in Alaska — the last state where the company still sells handguns…The retail giant will continue to sell long-barrel deer rifles and shotguns, as well as most of the ammunition and accessories they require.” Read more
…Read the full memo from Walmart’s CEO about pulling back on ammunition sales, asking the government to act at CNBC. Read memo
…NRA slams Walmart’s ‘shameful’ change to gun policies at The Hill. “The truth is Walmart’s actions today will not make us any safer. Rather than place the blame on the criminal, Walmart has chosen to victimize law-abiding Americans,” the NRA added. “Our leaders must be willing to approach the problems of crime, violence and mental health with sincerity and honesty.” Read more
Kroger joins Walmart in asking shoppers to leave guns home by Alexander Coolidge at Cincinnati Enquirer via USA Today. “The retailer also endorsed laws strengthening background checks and for keeping guns out of the hands of people deemed at risk of waging violence.” Read more
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Amazon reportedly testing hand-scanning payment system for Whole Foods stores by Nicolas Vega at NY Post. “The system, code-named “Orville,” will allow customers with Amazon Prime accounts to scan their hands at the store and link them to their credit or debit card. It’s accurate to within one ten-thousandth of 1%, but Amazon engineers are scrambling to improve it to a millionth of 1% ahead of its launch, the source said.” Read more
Costco plans to open a second store in Shanghai after resounding success of its first store at China Knowledge. Read more
Camping World refocuses on RV sales as outdoor retail customers bug out by Thomas Barrabi at Fox Business. “Camping World plans to either sell, repurpose, relocate or close 27 to 37 stores that sell outdoor lifestyle products rather than RVs, Camping World’s core business. The company has 165 locations that sell or service RVs.” Read more
AmazonFresh Expands to Indianapolis With 1- And 2-Hour Delivery Press release
Some Companies Offer a New Benefit: Payroll Advances and Loans by Anne Tergesen at Wall Street Journal. “Walmart introduced salary advances in late 2017. It has seen employees rely less on payday loans and bank overdrafts, said David Hoke, who oversees health and well-being…Of the company’s 1.4 million workers, 380,000 are frequent app users, Mr. Hoke said.” WSJ subs.
Russian food retailer VkusVill targets New York IPO in overseas foray at Reuters. Read more
Neiman Marcus’s new President & Chief Merchandising Officer comes from Ralph Lauren “Lana Todorovich will be responsible for driving the brand’s innovative merchandising offerings…She will report to Neiman Marcus Group CEO Geoffroy van Raemdonck.” Press release
Dick’s Fresh Market Named UNFI’s 2019 Grand Master Marketer at Progressive Grocer Other store winners
Ariana Grande is suing Forever 21 for $10 million over ‘look-alike’ ad campaign by Sara M Moniuszko at USA Today. “According to the lawsuit, Grande was approached to participate in a campaign for the company earlier this year but turned down the endorsement deal…The lawsuit alleges Forever 21 and its beauty brand Riley Rose published “at least 30 unauthorized images and videos misappropriating Ms. Grande’s name, image, likeness, and music in order to create the false perception of her endorsement.” Read more
The NFL and TikTok announce a multi-year partnership by Sarah Perez at TechCrunch. Read more
Ex-Family Dollar exec now Chief Merchandising Officer at Sally Beauty “Pamela Kohn most recently served as EVP, Chief Merchandising and Marketing Officer for the Family Dollar Division of Dollar Tree, Inc. Prior to that, she held the same role for The Fresh Market. Ms. Kohn also worked in a number of executive roles for Walmart, including Merchandising, Sourcing, Supply Chain, Store Operations and Real Estate.” Press release
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