Tipsheet: Stack @ CNBC | H.Dep Exec @ College | Ulta #1 Beauty w/Teens
Company making Costco pajamas flagged for forced labor by Martha Mendoza at AP. “In an interview with the AP, Costco officials said “we believe (the baby sleepers) were made in a factory other than the one that was the subject of the CBP detention order. As the facts develop, we’re prepared to consider what action we should take relative to the issue of a supplier to our supplier owning factories that may have problems.” Read more
Tiffany removes advert over Hong Kong controversy at Yahoo. “Tiffany & Co. have removed a tweet showing a woman covering one eye after Chinese consumers accused the jeweller of supporting the Hong Kong protesters.” Read more
From the Rooftops, Big Box Stores Are Embracing Solar by Bruce Horovitz at NY Times. “We view this as one of the most important things we can do,” said Mark Schindele, senior vice president of properties at Target. “The headline we are focused on is this: What’s most important to Target’s guests?” Tiered subs.
Target to power Toys “R” Us Shopping Experience “Consumers will be able to take advantage of all of the great benefits when shopping Target.com, including free two-day shipping, same-day curbside or store order pickup, same-day delivery with Shipt, Target Circle loyalty benefits, easy in-store returns and 5% off when using a Target REDcard.” Press release
Dick’s Sporting Goods CEO Ed Stack appears on CBS Sunday Morning “I don’t understand how somebody, with everything that’s gone on, could actually sit there and say, ‘I don’t think we need to do a background check on people who buy guns.’ It’s just, it’s ridiculous,” (Stack) said.” Read more/Video
…Dick’s Sporting Goods destroyed $5 million worth of assault rifles by Kelly Tyko at USA Today. “I said, ‘You know what? If we really think these things should be off the street, then we need to destroy them,'” Stack told CBS News.” Read more
…Dick’s CEO Ed Stack: The consumer is in ‘pretty good shape’ at CNBC. “CEO Ed Stack said during CNBC’s “Squawk Box” Tuesday morning. “Our business is really good. … What we see, we’re pretty excited about it.” He added that the ongoing trade war between the U.S. and China hasn’t yet presented any “meaningful” impact to the business.” Video/Read more
E-cigarette sales discontinued at Walgreens and Kroger by Nathan Bomey at USA Today. Read more
**A message from EasyLock keyless locking deadbolt – Deadbolts aren’t consistently locked – fumbling for the key is a hassle. EasyLock = no key required/twist to lock. Video | Sell sheet | Sample @ info@eyeonretail.net
Macy’s brings together nearly 800 brand partners to discuss strategic initiatives and brand innovations “In 2018, 50 Macy’s stores across the country received additional capital to enhance the customer experience…expanded to 100 additional stores in 2019…the 150 stores comprise approximately 50 percent of Macy’s store sales.” Press release
Capital One to continue running credit card operations for Neiman Marcus Press release
WeWork’s bet on the old Lord & Taylor building has become an albatross by Josh Kosman & Steve Cuozzo at NY Post. “The big worry: WeWork agreed to pay a stiff $105 per square foot — well above the $80-a-foot that’s more typical of buildings in the neighborhood. Now, sources say it’s having trouble finding subtenants who are interested in the pricey floor space — including Amazon, which had weighed a deal to become the sole occupant.” Read more
‘The Impact 50,’ A List Of The Country’s Most Influential Impact Investors at Forbes. List
Bonobos Trims Jobs as Owner Walmart Seeks to Cut E-commerce Losses by Sarah Nassauer at Wall Street Journal. “A few dozen people are being laid off, a personal familiar with the situation said. Bonobos has around 600 employees, said a Bonobos spokeswoman.” WSJ subs.
Home Depot’s Hector Padilla, Southern Division president, speaks to Kennesaw State students “Once a quarter, Padilla writes out a list of his strengths and his opportunities for improvement, and then develops strategies for improving his performance. To reinforce the importance of writing things down, Padilla provided each student at the event with a canvas journal in The Home Depot’s signature orange.” Read more
Some Costco employees say they get a special cake after working with the company for 25 years that normal customers can’t order at Business Insider. Read more
Teens are spending less than in the spring – Favorite brands include: Chick-fil-A and Starbucks for restaurants and Nike and American Eagle Outfitters for apparel at CNBC. “Piper Jaffray is out with its 38th biannual “Taking Stock with Teens” report…When teens are buying beauty, Ulta is the favorite store, furthering its lead as the top beauty destination gaining 5 percentage points from the spring survey as second-place Sephora falls by 9 percentage points. Walmart comes in at number three, Target fourth and Amazon rounds out the top five.” Read more
Tipsheet Extra
The 50 most powerful women in the world
The most popular beers of the 2019 Great American Beer Festival
Organic grocer Erewhon eyes expansion after private equity deal
Alibaba shopping sites appear to have de-listed Houston Rockets products in China
Lizzo is reunited with her high school band director
Officer kills man who sprayed him with ‘unknown substance’ outside Walmart
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