Tipsheet: T.Joe’s 26% Less than W.Foods | Target Boycott ‘Out of Control’ | Cabela’s Fined $1M by SEC | 37K Retail Layoffs TY


BOWING TO CRITICISM – Amazon Prime Relents on Same-Day Delivery to Boston Neighborhood by Barb Darrow at Fortune. “Boston’s Roxbury neighborhood, home to a high number of minority and low-income residents, was not covered by free same-day delivery unlike virtually every other enclave in and around Boston.” Read more


The Target boycott is spiraling out of control by Hayley Peterson at Business Insider. “In a third incident, a man brought his daughter to Target and confronted store management about the policy, saying it made his daughter uncomfortable, then posted about it on Facebook. The post has been “liked” more than 135,000 times.” Read more


More than 700,000 boycott Target over transgender bathroom policy by Hadley Malcolm at USA Today. “The boycott has more than 744,800 signatures as of Tuesday afternoon, marking it as one of AFA’s most popular campaigns. “This is the best response we’ve ever had this quick,” says AFA President Tim Wildmon, attributing the protest’s viral nature to the fact that “everybody knows who Target is, and it’s an easy-to-understand issue.” Read more | AFA website


TRADER JOE’S 26% CHEAPER THAN WHOLE FOODS – Trader Joe’s Pinches Whole Foods on Price via Motley Fool. “…with the basket of goods at (Whole Foods) costing $303 and just $240 at (Trader Joe’s). The difference is reportedly wider than it was last time the analysts compared the chains’ prices, which led them to conclude that Trader Joe’s has been cutting prices again.” Read more


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Trek investigating how Sam’s Club got its bikes at Bicycle Retailer. “Trek’s Eric Bjorling told BRAIN, “(Sam’s Club) did not acquire them from Trek directly. Presently, we are looking into how the bikes were acquired and will make a decision on next steps based on our findings. Trek has no plans to sell bikes at Sam’s Club or any other big box retailer.” Read more


Cabela’s, CFO, Settle SEC Accounting Charges by Maxwell Murphy at WSJ. “Cabela’s Inc. agreed to pay a $1 million civil penalty to settle Securities and Exchange Commission allegations that it and its long-time finance chief misled investors.” Read more (subscription)


HEADED TO AUCTION – Sports Authority Is Giving Up on Getting Out of Bankruptcy by Michal Addady at Fortune. “It has become apparent that the debtors will not reorganize under a plan but instead pursue a sale,” company lawyer Robert Klyman said to a judge on Tuesday at a hearing in the U.S. Bankruptcy Court in Wilmington, Delaware.” Read more


Kroger workers, retirees sue failing pension fund, trustees by Fatima Hussein at Cincinnati Enquirer. Read more


Retailers are on track to lay off more than 37,000 people this year by Lauren Zumbach at Chicago Tribune. “What makes this cycle different is that much of the decline is due to a secular change in consumption, both due to new online competitors as well as the shift in sales to the lower margin e-commerce channel,” Exstein wrote.” Read more


Full-Time Hires Buck the Trend at Fast-Food, Retail Chains by Rachel Feintzeig at WSJ. “Sheetz, and others like beauty retailer Bluemercury Inc., acknowledge that full-timers might cost more at first, but say they are more reliable—27% of full-time hourly workers leave their jobs per year, versus 68.7% of part-timers, according to the Korn Ferry report.” Read more (subscription)


Target Teams Up With Tracy Anderson in New Wellness Push by Jade Scipioni at Fox Business. “There are people that are like ‘why do you want to be in a Target or a Walmart?’…You think I don’t want to be on the shelves when someone is in that store deciding that’s the moment they want to start showing up for their health?…Anderson, creator of The Tracy Anderson Method, tells” Read more / See the video


RadioShack names second CEO since scaled-down chain plucked from bankruptcy year ago by Maria Halkias at Dallas Morning News. “(Dean) Rogers has been a managing director of Target Australia, CEO of Sears Canada and executive vice president at Kmart.” Read more


Supervalu’s profit beats forecasts despite pressure on sales by Mike Hughlett at Star Tribune. “Sales fell 3 percent to $3.95 billion, below analysts’ estimates of $3.99 billion, and that’s where the trouble starts…” Read more


eBay shares rise 5% after beating earnings expectations by Katie Roof at TechCrunch. “The e-commerce giant brought in $2.1 billion in revenue, when analysts were expecting $2.08 billion.” Read more | Press release


Amazon to Open New Pickup Location at California State University, Long Beach Read the release


Tipsheet Extra Stories

Neiman Marcus holds tight to top standing in luxury retailing

Customer bitten by dog sues Whole Foods for providing ‘tie-up’ area outside store

Jessica Alba’s Honest Co. sued over synthetic baby food ingredients

Washington Post: A majority of millennials now reject capitalism, poll shows

Here’s Dyson’s Latest Invention: A $400 Hairdryer Called Supersonic

Read Tipsheet Extra Stories


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