Tipsheet: Supervalu Down 3.9% | L.Liquidators -7.2% | 7-Eleven Sues Bodegas | eBay Suitors
Wal-Mart de Mexico posts 9 percent drop in second-quarter profit at Reuters. “During the second quarter of last year, Walmex sold its banking unit to Grupo Financiero Inbursa. Second-quarter revenue at Walmex was 127.5 billion pesos, 11.5 percent higher than the year-earlier period.” Read more
“WELLNESS HAS GONE MASS” – Goldman downgrades Whole Foods by Kate Rooney at CNBC. “Wellness has gone mass, and it is not coming back, never again to be relegated to niche specialty retailers serving price-insensitive, early adopters.” Read more
Lumber Liquidators Q2 Comp Sales Down 7.2% at CNBC. “Analysts on average had expected a 5.4 percent decline, according to research firm Consensus Metrix.” Read more
3 Fremont residents sue city over Costco chicken plant by Barbara Soderlin at World-Herald. “The plaintiffs worked with the advocacy group Socially Responsible Agricultural Project, an Oregon group that opposes what it calls “factory farming” nationwide.” Read more
Supervalu Q1 Net Sales Down 3.9% “Total net sales within the Wholesale segment decreased 7.6 percent. Retail identical store sales were negative 4.5 percent. Save-A-Lot network identical store sales were negative 1.4 percent. Identical store sales for corporate stores within the Save-A-Lot network were negative 1.0 percent.” Press release
…Supervalu misses 1Q profit forecasts via CNBC. “Supervalu shares have decreased 22 percent since the beginning of the year.” Read more
Bezos Joins Pentagon Board by Aaron Mehta at Defense News. See the 15 members / Read more
Toys”R”Us Launches Search For Next “Presidential Candidate” “One lucky kid in the U.S. will soon be selected to spend a year playing with the hottest new toys and games and providing true expert recommendations to parents and gift-givers.” Press release
Weis Markets Q2 Comp Sales +1.8% Press release
**A message from Made in Italy – Fabe’s hand-crafted pillows prevent and relieve neck and back pain. Fabe’s Ergo Praxis pillow supports and aligns the head and neck to prevent cervical pain. Created in cooperation with Ludes University in Switzerland – it gets the body in the right position for a good night’s sleep. 100% Made in Italy. Ergo Praxis Specs | Fabe Website | How our Pillows are Made | Retailers request samples at info@shiftmarketinggroup.net. Italy-America New Product Connection
7-Eleven is suing two Brooklyn bodegas for copying logo by Lla Eustachewich at NY Post. “One of the stores, called “Eleven 7 Food Mart,” is on Coney Island Avenue in Kensington. The other shop is “Z-Eleven” on Henry Street in Red Hook.” See pics of lookalike bodegas
Harry Potter Madness:
…Here’s the ‘secret product’ Amazon is selling at midnight on Sunday at GeekWire. Read more
…Target’s Exclusive Giveaway at A Bullseye View. Read more
…Barnes & Noble Aims to Recapture Magic With Harry Potter Release at Bloomberg. Read more
Prime Day: Amazon accounted for 74% of U.S. online purchases on July 12 according to Slice Intelligence by Don Davis at Internet Retailer. Read more
Delhaize America’s headquarters to stay in Salisbury by Amanda Raymond at Salisbury Post. Read more
eBay Seen As Likely’ Takeover Target at The Street. “Among the suitors may be foreign eCommerce companies wishing to expand their global footprint, such as Alibaba…Google’s parent Alphabet…incumbents in both media and retail seeking to strengthen their digital footprint, like Wal-Mart” Read more
Sears Canada President didn’t even last a year by Hollie Shaw at Financial Post. Read more
Kohl’s Announces New Partnership with Under Armour Press release
Target donates 8,000 pounds of food in Louisiana after power outage by Jade Cunningham at WWL CBS. “That act of kindness, like most things these days, was all recorded with a cell phone. It’s been seen by thousands and has many praising the actions of the employees.” See the video / Read more
Tipsheet Extra Stories
Walmart store hasn’t had working bathrooms for almost a month
Target’s Summer Interns Share a Peek Inside Their Program
Big Nordstrom event connects Instagram images and hashtag to in-store promotions
Bales of hay may have spontaneously combusted at Tractor Supply store
A rare look inside Tesla’s ‘gigafactory’
Supply Chain Insights Names Top Supply Chains (Walmart, Target, Whole Foods, CVS, Dollar Tree)
June Durable Goods Orders Plunge 4%
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