Gap Q3 comp sales -4.0%: Old Navy global -4.0% / Gap global -7.0% / Banana Republic global -3.0% Press release
BJ’s Wholesale Club Q3 comp sales (excluding gas) +1.1% Press release
Walmart’s Jet to Cease Its New York City Fresh Grocery Business by Matthew Boyle at Bloomberg. “The retailer will close a warehouse in the Bronx it was using to prepare orders and also let some drivers go, resulting in the loss of between 200 and 300 jobs, according to a person familiar with the decision. Jet — which will continue to sell dry groceries like cereal and other general merchandise…” Tiered subs.
Walgreens Boots Alliance group VP Gulden Mesara-Dogan is set to exit the company at the end of this year at PR Week. Tiered subs.
Retailers have been competing over fast, convenient delivery for years. Next up? Returns. by Lauren Zumbach at Chicago Tribune. “Paper Source and Happy Returns are also testing self-service kiosks at two stores in Los Angeles…Happy Returns will be testing shoppers’ honesty, and whether extra checks are needed to ensure customers actually leave their returns with the kiosks, Sobie said.” Tiered subs
Williams-Sonoma comp brand revenue +5.5%: Pottery Barn +3.4% / West Elm +14.1% / Williams-Sonoma -2.1% / Pottery Barn Kids & Teen +4.0% Press release
Inside Home Depot’s efforts to stop a growing theft problem at its stores by Courtney Reagan at CNBC. “I personally believe, this is driven by the opioid crisis,” Carol Tome, Home Depot’s then-chief financial officer said in a phone interview with CNBC in May…In Salt Lake City, the retailer worked with the state’s attorney general’s office over several years to close down a $1.5 million fraud case that involved seven pawnshops and a crime ring that was stealing and then reselling, the stolen goods.” Read more
Shoe Carnival Q3 comp sales +3.5% Press release
Kroger Dials Back Overhaul as Sales Sputter by Jaewon Kang at Wall Street Journal. “Kroger laid off nearly 1,000 managers and other employees last month to cut costs…“There is a certain pace you can go at and there are only so many things you can do at one time,” Gary Millerchip, Kroger’s chief financial officer since April, said in an interview.” WSJ subs.
Nordstrom Q3 total company net sales -2.2%: Full price -4.1% / Off-price +1.2% / Digital +7.0% (digital is 34% of business) Press release
Amazon unveils new Dash Smart Shelf that automatically reorders items when supplies run low by Nat Levy at GeekWire. “The Dash Smart Shelf is a WiFi-enabled scale for office supplies. When common supplies like printer paper, pens, or coffee are running low, the shelf can automatically re-stock them or send a notification to put in a manual order.” Read more
Ross Stores Q3 comp sales +5.0% Press release
Top retail brands in the U.S. based on social influence by Engagement Labs: Amazon #1, Kohl’s #4, Target #8, Costco #9 Top 10 list/Press release
Victoria’s Secret 2019 Fashion Show Is Now Officially Cancelled at Fortune. “…the decision was part of a move to “evolve the messaging of [the company]”…Burgdoerfer told analysts on an earnings call that the company was pulling back on more extravagant marketing methods.” Read more
Macy’s Q3 comp sales -3.9% on an owned basis / -3.5% on an owned plus licensed basis Press release
Shoppers Try Walmart’s New, Siri-Powered Voice Order Service by Field Agent. “Sixty percent of participants (N = 139) said they would be either completely or very likely to use Siri to shop with Walmart again in the future, and 83% said they were at least moderately likely to do so.” Read more
Stage Stores Q3 comp sales +17.4% “Net loss was $15.9 million compared to net loss of $31.4 million in the third quarter 2018…“Our outstanding third quarter results give us further confidence in our decision to convert the entire company to an off-price business model,” commented Michael Glazer, CEO.” Press release
A Georgia woman has filed a federal lawsuit against Target claiming the retail giant stole her trademark when it launched its Good & Gather flagship food brand in September. at USA Today. Read more
America’s Top 50 Givers
Target employee died on the job but store remained open for business
‘Baby Yoda’ merch from ‘The Mandalorian’ is on its way
The top 10 touring acts over the last decade
DoorDash continues to lead in the food delivery wars with 35% share
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