JCPenney Q2 Comp Sales +2.2% “Marvin R. Ellison: “We exceeded our profitability expectations, achieving an $85 million or 59% increase in EBITDA to $229 million for the quarter.” Press release

 

The Street: JCPenney Is Crushing Every Other Department Store Known to Man by Brian Sozzi. “JCPenney executives will likely enter a summer weekend all smiles…” Read more

 

CNBC: JCPenney reports a smaller-than-expected loss but revenues fall just shy of expectations Read more

 

Amazon Exec Jumps to Under Armour by Ryan Sharrow at Baltimore Business Journal. “Under Armour has named Andy Donkin, head of worldwide mass and brand marketing at Amazon, as chief marketing officer.” Read more

 

Gander Mountain hires former Sports Authority chief marketing officer by Nick Halter at Minneapolis/St.Paul Business Journal. “Ron Stoupa is joining the outdoor retailer as senior vice president of marketing and e-commerce..Stoupa was also chief marketing officer for Pep Boys and director of marketing for Bass Pro Shops.” Read more

 

Walmart’s Food Lab – What’s Next by Anne D’Innocenzio at AP via Ledger-Enquirer. “Wal-Mart is testing frozen stuffed doughnut bites as well as new flavors for its Clear American Ice store brand sparkling water and Paleo meals that are vacuum-packed. The Clear American Ice pineapple-orange flavor arrives in stores in September. The Paleo meals and the doughnut bites will be in the stores in October.” Read more

 

**A message from 2016 Sweets & Snacks Expo – The Most Innovative New Products winners have been announced! Winners were awarded in nine categories: chocolate, non-chocolate, sweet, salty, savory, novelty, seasonal, gourmet/premium and gum/mints. See the winners here The 2017 Sweets & Snacks Expo is nearly 90% sold out and will take place May 23-25 at Chicago’s McCormick Place – Notify me when registration opens

 

Designers Toast Saks Fifth Avenue Terrace Opening by Kristen Tauer at WWD. “The retailer just opened its terrace at the flagship location on 5th Avenue to the public, a seasonal extension of the retailer’s Café SFA. On a muggy Wednesday night, Saks’ Marc Metrick, Tracy Margolies, and Roopal Patel welcomed a slew of designers — Keren Craig, Brandon Maxwell, Prabal Gurung, Adam Lippes — to show off the new space.” See the 11 terrace pics / Read more

 

Macy’s CEO: Jet.com is Wal-Mart’s way to stand out from the crowd by Krystina Gustafson at CNBC. “Lundgren likened Wal-Mart’s strategy to his company’s push for exclusive merchandise that shoppers can’t find elsewhere. It snags these one-offs by leaning on its scale and partnerships with vendors, Lundgren said.” Read more / See the video

 

Being Barneys: The Man Who Decides What You’ll Wear Next Year by Rachel Felder at The Daily Beast. “A fashion director for Barneys for almost four decades, Tom Kalendarian talks about what he thinks men will be buying this fall, from slouchy sportswear to sleek suits.” Read more

 

Hudson’s Bay Q2 Comp Sales +1.9% Press release

 

Target Interns Inspire Back-to-College Product Designs at A Bullseye View. “At the end of the day, this talented group of interns created more than 200 prints, patterns and designs—and their work showed up as motifs, mood boards and other resources our PD&D team used to create our newest back-to-college collections of bedding, wall art, tapestries, shower curtains and more.” See the examples / Read more

 

Dillard’s Q2 Comp Sales -5.0% Press release

 

Nordstrom Q2 Comp: Full-Line/Dotcom – 2.3% / Rack +5.3% Press release

 

Nordstrom’s Stock Spikes As Retailer Boosts Outlook at Fox Business. “Shares, which in June set a nearly six-year low, surged 11% to $52.91 in after-hours trading.” Read more

 

CVS Pharmacy Launches End-to-End Mobile Payment Experience “CVS Pay is currently available in select markets, including New York, New Jersey, Pennsylvania and Delaware and a nationwide rollout is expected to kick off later this year.” Press release

 

Nearly 44,000 retail workers have been laid off in 2016 by Paul R. La Monica at CNN Money. Read more

 

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Walton Foundation, Walmart to support to new secondary school in downtown Bentonville

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