Tipsheet: Lowe’s Innov. Chief Leaves | CVS Beats | Mohair Products Ban


CVS Q1 Retail Comp Sales +5.8% / Pharmacy +7.3% Press release


…CVS Health beats expectations for 1Q, 2018 forecast by Tom Murphy at AP via Yahoo. “CVS Health said Wednesday that it predicts 2018 adjusted earnings of between $6.87 and $7.08 per share. FactSet says analysts forecast, on average, earnings of $6.47 per share.” Read more


H&M, Zara, and others ban mohair products after animal cruelty investigation by Abha Bhattarai at Washington Post via Philly Inquirer. “…video footage from an investigation by People for the Ethical Treatment of Animals shows workers dragging goats by the horns and legs and lifting them off the floor by their tails. In some cases, the goats cry as they are sheared.” Read more


2018 America’s Best Employers (Trader Joe’s #2, Costco #5, Wegmans #8…) at Forbes Top 500 Large | Top 500 Midsize


Amazon plans more Prime perks at Whole Foods at CNBC. “Whole Foods will begin offering Prime members an additional 10 percent off of already discounted products, sources told CNBC.” Read more


FOR HIRE – Lowe’s Innovation Chief Leaves To Establish Uncommon Partners by Peter High at Forbes. “The mission of the firm is to help organizations with behavioral transformation; to enable them to do the things they say they want to do: change nimbly, innovate meaningfully, and move faster than the competition to change customer behavior.” Read more


Publix Q1 Comp Sales +5.1% Press release


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Amazon offers to buy 60 percent stake in India’s Flipkart at CNBC-TV18 via Reuters. “Amazon’s bid is likely to be on par with Walmart Inc’s bid for the Indian e-commerce company, CNBC-TV18 reported.” Read more


7-Eleven Struggles to Catch Fresh-Food Wave by Annie Gasparro & Heather Haddon at Wall Street Journal. “Eight out of 10 7-Eleven stores are owned by franchisees, most of whom own fewer than five stores. Many say it is too expensive to maintain new equipment like ovens, and that 7-Eleven needs to pay to remodel their stores if they want them to sell more fresh and hot food.” Read more (subs.)


Dollar Shave Club deepens exec bench with hires from Target and Nordstrom “…the hiring spree adds Alan Wizemann, previously of Target, as Chief Digital Officer…Gloria Synn from Nordstrom, as Vice President of Member Strategy.” Press release


Lumber Liquidators Q1 Comp Sales +2.9% Press release


Hobby Lobby Bought Thousands of Smuggled Iraqi Artifacts in 2010. Now It’s Sending Them Back. by Natasha Bach at Fortune. “It made the $1.6 million purchase even after being warned that the objects could have been looted from Iraqi archaeological sites. The artifacts included cuneiform tablets, clay bullae, and cylinder seals.” Read more


Birchbox has sold majority ownership to one of its hedge fund investors after sale talks with QVC fell through by Jason Del Rey at Recode.  Read more


Australia’s Mall Owners Gird Themselves for Battle With Amazon by Mike Cherney at Wall Street Journal. “Australia doesn’t suffer from the same retail space glut as does the U.S., which has more than 2.5 times the retail space per capita, according to Cushman & Wakefield.” Read more (subs.)


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The Boy Scouts drop the word ‘boy’ from their name

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