Tipsheet: Macy’s Chops 100 VPs | H.Dep +3.2% | Kraft Soured Grocery
Home Depot Q4 comp sales +3.2% / US +3.7% (vs. +4.5% forecast) Press release
…Reuters: Home Depot profit outlook disappoints “We believe that wet weather was a major factor that impacted growth (exterior projects),” Credit Suisse analyst Seth Sigman said…Still, the company expects same-store sales to rise 5 percent this year, above the 4.45 percent increase analysts were expecting.” Read more
Macy’s Q4 comp sales +0.7% (vs. +0.9% forecast) at CNBC. “Macy’s is targeting $100 million in annual cost savings, starting in fiscal 2019, with its restructuring plan. It said part of this plan consists of reorganizing upper management, cutting 100 vice-president level or above roles, “to increase the speed of decision making.” Read more
Etsy Q4 revenue +46.8% at CNBC. Read more
Walmart buys Israeli product review insight firm Aspectiva at Reuters. “Aspectiva has developed machine-learning techniques and natural language processing capabilities, “areas we believe will have profound impact on how customers will shop in the future,” Store No 8 principal Lori Flees said.” Read more
AutoZone Q2 comp sales +2.6% Press release
Dillard’s Q4 comp sales +2.0% Press release
Foot Locker is investing $12.5 million in kid’s clothing company Rockets of Awesome at CNBC. “Rockets of Awesome — which hasn’t had much of a bricks-and-mortar presence to date other than a handful of pop-up shops — will be opening mini stores within Kids Foot Locker locations across the country.” Read more
**A message from Real Coconut Water – 100% Pure Coconut Water in bottles, bulk pack, cans, and Tetra Pak. Ask about our private label program. Sell sheet | Website | Samples: info@eyeonretail.net
Nordstrom Gets Down to Earth in First Ad Campaign From Droga5 by T.L.Stanley at Adweek. “The campaign…brings together disparate slice-of-life scenes like a swim lesson, a tap dance and a bus ride. Its stars, part-time actors and non-professionals including a sign-language interpreter, a stylish doyenne and a teen-age karate expert, are diverse in age, background and ethnicity.” Tiered subs.
Marks and Spencer and Ocado in home delivery deal talks at BBC. Read more
1 year later, Dick’s Sporting Goods CEO Ed Stack still takes a tough stance on guns at CNBC. “(Dick’s) is now calling for (comp) sales…to be down between 3 percent and 4 percent in 2018, largely because of weakness in the hunting category. That’s compared with a drop of 0.3 percent in 2017.” Read more
Amazon names ex-PepsiCo CEO Indra Nooyi as director by Taylor Soper at GeekWire. Read more
Supermarkets Soured on Kraft Heinz and Its Pricing Tactics by Heather Haddon at Wall Street Journal. “You had a change in personnel and mind-set,” said Don Fitzgerald, a food sector consultant and the chief marketing officer for Kroger Co.’s Mariano’s banner until this month. “There was a clear shift in focus from really working with retailers and being consumer-focused.” WSJ subs.
DOJ asks judge to give final approval on CVS-Aetna merger – but there’s only a 50% chance of the judge agreeing, insiders said by Josh Kosman at NY Post. Read more
Jeff Bezos tops list of America’s biggest philanthropists in 2018 at The Chronicle of Philanthropy. Top 10 list
Walmart’s Greg Hitt moves to Dominion Energy at PR Week. Subscription
Payless ShoeSource is now holding store closing sales at all retail locations in North America Press release
Tipsheet Extra Stories
Food Preservatives Could Make You Lazy
How U.S. bike companies are steering around Trump’s China tariffs
Attacked and powerless, Venezuela soldiers choose desertion
‘Gremlins’ Animated Series in the Works
Ariana Grande Surpasses Selena Gomez as Instagram’s Most-Followed Woman
**
Eye on Retail Tipsheet is must-read material for retail execs every weekday morning. Tipsheet stories are carefully curated bright and early every morning to ensure fresh and unique content.
Subscribe to Eye on Retail Tipsheet here
Contact us: Send story tips, press releases and advertising inquiries to info@eyeonretail.net
Website: eyeonretail.net